COP26 Climate Change Conference: is Saudi Arabia’s net zero pledge a breakthrough, or just a mirage?
Published
Nov 13 2021 at 4:00 AM GMT
Key
Points
Points
- There is probably no country on Earth where the economy is more tied up with hydrocarbons than Saudi Arabia.
- About 42 per cent of the Gulf state’s GDP is linked to oil and gas, according to a research centre linked to the authorities (the King Abdullah Petroleum Studies and Research Centre), while petroleum accounts for more than two-thirds of its exports.
- So, amid a flurry of announcements ahead of the COP26 UN Climate Change Conference in Glasgow, Saudi Arabia’s pledge to reach net zero carbon….
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- Published Nov 13, 2021 4:00 AM GMT