Saudi Arabia is establishing a facility on its eastern coast to capture carbon, as the world’s biggest oil exporter seeks to reach its goal of neutralizing emissions by 2060.
“Don’t be very surprised if we achieve this net-zero before then,” Energy Minister Prince Abdulaziz bin Salman said in a speech on Thursday evening at the COP27 climate summit in Sharm el-Sheikh, Egypt. Neighboring United Arab Emirates and many European countries have set a target of 2050.
