The Green Decade - The Road to 2030

[M033-04] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:10:01 · The Green Decade - The Road to 2030 · 2021-03-16 · مشاهدة عند هذا التوقيت

Well, I could not find a better word than the last word that, Her Excellency, the commission president did mention about working together. I think we, as Saudi Arabia, has always demonstrated and last of which was the last G20 last year, we worked together with all G20 countries to ensure that we have good material with regard to the conclusion of our activities with the G20 on the statement that was issued. There are quite a few things that talk about and do address many of these topical issues that are of concern to the whole world. To name a few circular carbon economies proved to be a good way forward. We want to make sure that also as a reliable long-term hydrocarbon producer would not be shy in being part of the solution.

[M033-05] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:11:01 · The Green Decade - The Road to 2030 · 2021-03-16 · مشاهدة عند هذا التوقيت

In fact, I took it upon myself, the Saudi government took it upon itself that we should not just strive to be part of the solution, but actually be leading some solutions and serious solutions, to help us mitigate the concerns that the whole world is faced with regard to climate change and what have you. That is why we want to also be an exemplary to many of the hydrocarbon producers in how we conduct ourselves to assure the world that we are pioneering solutions. Obviously, we would not require and need the support and collaboration of so many, we find technological and innovations is, is the right path. While we are also taking upon us the challenge of conducting some of these solutions as pioneers, for example, we are introducing green hydrogen on a huge scale in Neom.

[M033-06] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:12:11 · The Green Decade - The Road to 2030 · 2021-03-16 · مشاهدة عند هذا التوقيت

We are converting our power sector consumption towards 50% of renewable and 50% of gas. Even with gas, we are ensuring that that gas production, and we still have a good record, if not the best record on planet earth, on emissions, on all of our upstream activities. The liquid displacement program that we would be inducing this year will take care of reducing our petroleum and petroleum product consumption in all utilities by about a million barrel, with a huge amount of savings when it comes to emissions. We are involved in so many international activities just to name a few: mission innovation, clean energy ministerial, carbon sequestration leadership forum.

[M033-07] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:13:07 · The Green Decade - The Road to 2030 · 2021-03-16 · مشاهدة عند هذا التوقيت

We even worked with our colleagues in the G 20 to create a platform for CC; I think the commission and everybody need to be innovative in how to be creative in being inclusive and mindful of the national situations of each of these so-called, I would call it, serious participants.

[M033-08] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:13:36 · The Green Decade - The Road to 2030 · 2021-03-16 · مشاهدة عند هذا التوقيت

I hope that we undoubtedly have shown and demonstrated our seriousness and our ability to work with others. I believe that the NDCs we have submitted in 2015, says a lot when we submit, because we are only required to submit our new NDC on 2025, as our colleague was saying, you will see more and we will see it more willingly and voluntary because we honestly believe that there is a lot to contribute with, and a lot to benefit from if we are to maintain ourselves as a long term hydrocarbon producer, well, we have to be innovative enough and collaborative enough to ensure that these hydrocarbon resources would be monetized and use in a better way.

[M033-09] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:14:37 · The Green Decade - The Road to 2030 · 2021-03-16 · مشاهدة عند هذا التوقيت

That is why we are also launching a big program; we call it a sustainability program, which is to try to find ways and means of using these hydrocarbons in different ways, especially in terms of material, which would not be in any way impacting or effectively affecting the environment in any way at all. So even we are building a case that even if the conventional market may shrink in terms of size, we will have the ability to improve our lot by monetizing and exploiting our natural resources in a certain, better way, in a more effective way, more efficient way and certainly more commensurate with the prerequisite of maintaining and preserving climate.

[M033-10] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:15:28 · The Green Decade - The Road to 2030 · 2021-03-16 · مشاهدة عند هذا التوقيت

We are demonstrating and we are willing to be this demonstrating, and we showcase what we have been doing and what we will be doing, hopefully the end of this year and COP26, we will demonstrate to the whole world that we are scoring and scoring well when it comes to the four Rs of the circular carbon economy, we will demonstrate to the whole world, how much we are doing and will be doing on the reduction in terms of efficiency and changing our renewable to renewable in term of recycling reusing, and as was our friend from the EU commission president was mentioning, which is how to preserve things and how to be even a Saudi Arabia, part of that endeavor to ensure that things will be protected, in fact things should be enlarged and enhanced. Thank you.

[M033-13] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:36:22 · The Green Decade - The Road to 2030 · 2021-03-16 · مشاهدة عند هذا التوقيت

I know, but I will keep it simple and short. I think first of all, you have asked the question of what to do; very simply. We have gone beyond negotiation, we are now in the phase of delivering what we have negotiated. We wholeheartedly Saudi Arabia believes in the Paris agreement and we are welding willingly executing what we have agreed to in the Paris agreement everybody who signed that agreement should be willingly committed to executing it. So, I think we have gone beyond the negotiation toward the application of what we have agreed to. If we are to conduct ourselves to executing what we have agreed to. I think we should make ourselves more available to the terms and conditions of that agreement, which is it is an agreement to attend to all emissions at all sectors and that we have to have that scope and large enough to take into the spirit and the details of that agreement.

[M033-14] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:37:31 · The Green Decade - The Road to 2030 · 2021-03-16 · مشاهدة عند هذا التوقيت

Three, we have to be mindful of national circumstances, whereby if you want a holistic solution, a collaborative solution, whereas some of our colleagues here did mention that it should involve and include everybody, if you want to be inclusive, you have to be mindful of the circumstances of each and all of those whom you want to participate with you. And again, we have to make sure that technologies and innovation are available to all and to ensure that the application of these technologies will not be given to the few and kept away from the most needy parts, we have for example, you know for the purpose of time I would represent…