Today, Friday, in Sharm El-Sheikh, Egypt, the Forum for the Green Saudi Initiative 2022 opened on the sidelines of the COP27 climate summit.
“We have made important progress in the transition to green energy,” Saudi Energy Minister Prince Abdulaziz bin Salman said at the forum’s opening session, listing the achievements made so far.
“Every year we will get greener as we go forward,” he added.
He also mentioned the Kingdom’s climate goal to reach net zero carbon emissions The year 2060, he added, depends on technology, and the kingdom hopes to achieve this sooner.
He said: “We will question the countries of the world for what they offer because we want others to match us and direct their money to support the causes that they claim.”
He added that the state oil production company, Aramco, has the lowest level of methane emissions by all standards.
He also referred to the goal that clean energy constitute 50% of the energy mix in the Kingdom.
The Saudi Energy Minister said that the matter will move from ambition to actions, and “we are ready and have a commitment in the Middle East and the Kingdom through green initiatives.”
He continued: “We are committed to reducing carbon emissions by 278 million tons, and I am confident that we will be able to meet that, and I mentioned a long time ago that we plan and aim to generate 50% of electricity from renewable energy, and 400 megawatts of clean energy has already been generated, as the Reducing carbon emissions by about one million tons.
He also referred to renewable energy projects in Saudi Arabia, with more than 13 projects in the sector with a capacity of 11.4 gigawatts and investments amounting to 34 billion riyals, in light of the ambition to reduce about 21 million tons of emissions annually.
He said that Saudi Arabia’s renewable energy program has won international awards, and next year plans to develop 10 additional renewable energy projects will be completed.