Saudi prince says high emissions standards lead to high inflation


Source: nikkei.com nikkei.com

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Saudi Crown Prince Mohammed bin Salman attends the Jeddah Security and Development Summit in Saudi Arabia on July 16. (Handout photo from the Saudi Royal Court) © Reuters July 16, 2022 23:41 JST | Middle East Copy Copied JEDDAH, Saudi Arabia (Reuters) -- Saudi Arabia's Crown Prince Mohammed bin Salman said on Saturday more investment was needed in fossil fuel and clean energy technologies to meet global demand, and that unrealistic emission policies would lead to unprecedented levels of inflation. The prince said Saudi Arabia had announced raising its production capacity to 13 million barrels per day by 2027 from...