Saudi Arabia on Monday pledged to spend $2.5 billion over the coming 10 years to support green projects across the Middle East and to reach net-zero carbon emissions by 2050. The announcements were made by Saudi Crown Prince Mohammed bin Salman during the second summit of the Middle East Green Initiative (MEGI), a regional climate initiative launched by Saudi Arabia in October 2021. Heads of state and governments from across the region and beyond – including Sudan, Morocco, Tunisia, Jordan but also India and Pakistan – took part in the summit, held on the margins of COP27 and co-led by Saudi Arabia and Egypt. Few concrete announcements were made during the hour-and-half
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