Saudi Arabia's crown prince said on Saturday that the world's top oil exporter aims to reach zero-net emissions by 2060 and will more than double its annual target to reduce carbon emissions.

Crown Prince Mohammed bin Salman and his energy minister said OPEC member Saudi Arabia would tackle climate change while ensuring oil market stability, stressing the continued importance of hydrocarbons.

They were speaking at the Saudi Green Initiative (SGI), which comes ahead of COP26, the UN climate change conference in Glasgow at the end of the month, which hopes to agree deeper emissions cuts to tackle global warming.

"The Kingdom of Saudi Arabia aims to reach zero-net emissions by 2060 under its circular carbon economy programme ... while maintaining the kingdom's leading role in strengthening security and stability of global oil markets," Prince Mohammed said in recorded remarks.

Source: National News Agency