“My personal preference is if we could do it by 2040 or 2045 [but] we don’t want to make a commitment that we cannot deliver. We believe we can achieve it by 2060 or earlier and that’s why in the Paris Agreement we were clear with everybody that we have a baseline and that baseline will determine how we can progress with our economic diversity.”

Prince Abdulaziz bin Salman, Saudi Minister of Energy, told the audience at MENA Climate Week in Riyadh. [S&P Global]