Saudi Arabia has pledged to cut carbon emissions to net zero by 2060, while also maintaining its role as a leading producer of oil and gas, Crown Prince Mohammed bin Salman said in a speech on Saturday.  

The announcement comes just days before the opening of the COP26 climate summit in Glasgow and the G20 leaders meeting in Rome, where Saudi Arabia had been under pressure to boost its emissions targets. Prince Mohammed said the kingdom would spend 700bn riyals (US$187bn) on a range of new climate goals, including reducing carbon emissions by 278m tonnes annually by 2030.  

Guest post from Financial Times