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Top oil exporter Saudi Arabia targets net zero emissions by 2060******
Saudi Arabia's crown prince said on Saturday the world's top oil exporter aims to reach "net zero" emissions of greenhouse gases, mostly produced by burning fossil fuels, by 2060 – 10 years later than the United States.
He also said it would double the emissions cuts it plans to achieve by 2030.
Crown Prince Mohammed bin Salman and his energy minister said Saudi Arabia would tackle climate change, but also stressed the continued importance of hydrocarbons and said it would continue to ensure oil market stability.
They were speaking at the Saudi Green Initiative ahead of COP26, the United Nations conference in Glasgow at the end of the month, which hopes to agree to deeper global emissions cuts to tackle global warming.
The United States, the world's second-biggest emitter, is committed to achieving net zero, meaning that it emits no more greenhouse gases than it can capture or absorb, by 2050. But China and India, the world's biggest and third-biggest emitters, have not committed to this timeline.
Amin Nasser, chief executive of the state oil giant Saudi Aramco, said it was counterproductive to "demonize" hydrocarbons. He said Aramco aimed to expand its oil and gas production capacity while also achieving net zero emissions from its own operations by 2050.
He called for more global investment to ensure adequate crude oil supplies.
Prince Mohammed said in recorded remarks that the kingdom aimed to reach net zero by 2060 under its circular carbon economy programme, "while maintaining its leading role in strengthening security and stability of global oil markets."
He said Saudi Arabia would join a global initiative on slashing emissions of methane by 30 percent from 2020 levels by 2030, which both the United States and the EU have been pressing.
UN Secretary General Antonio Guterres, in a phone call with Saudi King Salman bin Abdulaziz, welcomed the kingdom's initiatives to reduce emissions, state media said.
US climate envoy John Kerry is due to attend a wider Middle East green summit in Riyadh today.
The SGI aims to eliminate 278 million tons of carbon dioxide emissions per year by 2030, up from a previous target of 130 million tons. The crown prince said the SGI initiative would involve investments of over 700 billion riyals (US$190 billion) in that period.
Saudi Arabia's economy remains heavily reliant on oil, although the crown prince is trying to promote diversification.
Energy minister Prince Abdulaziz bin Salman said the world needed fossil fuels as well as renewables.
"It has to be a comprehensive solution," he said. "We need to be inclusive, and inclusivity requires being open to accept others' efforts as long as they are going to reduce emissions."
He said the kingdom's younger generation "will not wait for us to change their future."
Riiber secures season's sixth Nordic Combined World Cup victory******
VIENNA, Dec. 19 (Xinhua) -- Norway's Jarl Magnus Riiber secured his sixth victory of season in Ramsau, Austria on Saturday, increasing his total World Cup wins to 42.。
As the permanent owner of the yellow bib, Riiber already showed a strong performance in ski jumping with 102 meters for 140.2 points and first to start into the 10km cross-country race.。
A total of nine athletes started the race within the first minute, so a tight fight for the two remaining podium places happened.。
After 2.5 km, Riiber already increased his lead to 55.5 seconds, who ran a lonely race at the top.。
On the last uphill, German's Vinzenz Geiger started an attack and finally reached the finish line 28 seconds after Riiber. Finland's Ilkka Herola was third. Enditem。
Foreign firms should give credit to China's increased openness: Finnish scholar******
HELSINKI, Nov. 4 (Xinhua) -- Foreign firms that criticize China should take into account its increased openness in recent years, a Finnish scholar has said.。
Carl Fey, a professor of international business at Aalto University in Helsinki, told Xinhua on Thursday that the ongoing Fourth China International Import Expo (CIIE) represents an important action taken by China in the spirit of opening up.。
"The CIIE is a large, impressive initiative for China to try to help foreign firms to be able to import products and services to China," Fey said. "It is rare to find a country putting such effort into helping foreign firms to import into their country."
"The CIIE is partially a response to the international critique that China has been too closed to foreign firms," he added.。
China has accomplished a great deal, and is surely moving towards an approach that will be favored by major global economies, Fey said. At the opening ceremony of CIIE on Thursday, China warned against protectionism, saying it would uphold true multilateralism.。
"Indeed, it is exciting to have China as one of the loudest voices against protectionism," Fey told Xinhua.。
"Hopefully, other traditional opponents of protectionism will follow China's example and also speak and act equally strongly against protectionism."
Another sign that China is becoming increasingly open is that China's overall tariff level has decreased from 15.3 percent to 7.4 percent since it entered the World Trade Organization in 2001.。
This figure is lower than the 9.8 percent accession commitment of China, Fey said. He added that China's continued experimentation with free economic zones is exciting to watch, and something other countries can also learn from. Enditem。