Saudi Net-Zero Pledge Keeps Oil at Its Heart

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  • Saudi Arabia has become the latest Opec producer to commit to net-zero emissions.
  • The move is aimed at giving the kingdom a more credible voice in global climate discussions.
  • But Riyadh will have to back up its argument that fossil fuels can be part of the transition.

In the end, it was just a matter of time before the world's top oil exporter, Saudi Arabia, was going to pledge a net-zero greenhouse gas emissions target. On Saturday, Saudi Crown Prince Mohammed bin Salman announced the commitment at the inaugural Saudi Green Initiative forum in Riyadh, making Saudi Arabia the second Opec member and Mideast Gulf state to set a net-zero target after the United Arab Emirates' pledge earlier this month.

Policy and Regulation, Low-Carbon Policy, Opec/Opec-Plus, Carbon Capture (CCS)
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