Major oil producer Saudi Arabia announces net-zero by 2060

One of the world’s largest oil producers, Saudi Arabia, has announced it aims to reach “net zero” greenhouse gas emissions by 2060, joining more than 100 countries in a global effort to try and curb man-made climate change

The kingdom's oil and gas exports form the backbone of its economy, despite efforts to diversify away from reliance on fossil fuels for revenue. It has resisted efforts to curb its investments in oil.

Although the kingdom will aim to reduce its own emissions, it will continue to aggressively pump and export fossil fuels to Asia and other regions.