Saudi Arabia’s recent climate policies mark a dramatic reversal from the recent past, when the kingdom lagged behind world opinion on the causes and consequences of climate change, and what it might mean for energy producers.
Saudi Crown Prince Mohammed bin Salman, the kingdom’s de facto ruler, has launched two so-called “green initiatives” aimed at tackling climate change domestically and across the Middle East region. Riyadh has also followed the UAE in its pledge to be carbon-neutral by 2050, announcing a 2060 target.
