Accelerating Clean Energy Transitions

[M054-01] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:00:00 · Accelerating Clean Energy Transitions · 2021-07-28 · مشاهدة عند هذا التوقيت

Ladies and gentlemen, distinguished participants, I am grateful for this opportunity to speak to you on this important occasion. The world economic forum has long been at the forefront of global technology governance and advancements. So allow me to highlight the kingdom’s effort in this direction and describe the steps we are taking toward harnessing technology in support of our vision 2030 strategy in the field of energy. Saudi Arabia is proud to host one of the global centers for the fourth industrial revolution in partnership with the WEF, the inauguration of the WEF period center for the fourth industrial revolution in the kingdom is a landmark event, and the course for celebration. The fourth industrial revolution is already transforming the fundamental of human life; we are more connected and more interdependent than at any stage in history.

[M054-02] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:01:04 · Accelerating Clean Energy Transitions · 2021-07-28 · مشاهدة عند هذا التوقيت

In Saudi Arabia, the unparalleled change has brought fresh and potentially rewarding opportunities in many sectors, in the crucial energy sector, where Saudi Arabia already lead the world, the opportunities are numerous and varied, because energy is such a key part of economic and social life. It creates an abundance of raw data that can be put to use to drive the advancement of the sector and the Saudi economy.

[M054-03] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:01:36 · Accelerating Clean Energy Transitions · 2021-07-28 · مشاهدة عند هذا التوقيت

Our vision is to transform the energy sector through application of data and technology. In addition, Saudi Arabia has a rich resource of youthful inventors who can be entrusted with the task of seeing this transformation through, to fulfilment. The synergy between youth and technology innovation, will make Saudi Arabia the dynamo for the digital transformation of the energy sector, but perhaps the most important area where technology and energy can combine to the benefit, not just for the kingdom, but all mankind, but all mankind is in their search for cleaner energy.

[M054-04] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:02:32 · Accelerating Clean Energy Transitions · 2021-07-28 · مشاهدة عند هذا التوقيت

Here, we can use the technology of the fourth industrial revolution to accelerate the energy transition and meet the goals for reduction of greenhouse emissions, whether it is in the increasing efficiency and use of renewables like wind and solar power or the development of new fuel sources like blue and green hydrogen. The key to success lies in the application of high technology. Saudi Arabia is committed to the framework, of the circular carbon economy. One of our best achievements in our last joint G 20, where we hosted, one of its main pillars is to reduce greenhouse gases through carbon capture utilization and storage. The CCUS is an area where we need the best technological brains on the planet, to lead the search for effective method methods of removing CO2 from the atmosphere. This will help us meet climate change goals, but at the same time, allow us all to continue to enjoy economic growth, reliability, accessibility and efficiency that hydrocarbon provides. In addition, many of the new technologies, such as the internet of things, artificial intelligence, block chain, drones, and augmented reality have direct application and energy.

[M054-05] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:04:11 · Accelerating Clean Energy Transitions · 2021-07-28 · مشاهدة عند هذا التوقيت

For instance, we are proud to have installed 10 million smart meters within a span of one year, despite the many challenges of the COVID pandemic, the internet of things allows us to monitor and assess fuel transportation operation and detect irregularities like oil leaks, drone and image analytics are used for visual inspection of facilities that would be difficult and even dangerous for humans. The ministry of energy in Saudi Arabia is leading the kingdom’s efforts to transform the energy sector into a digitally empowered ecosystem that creates value through data and technology.

[M054-06] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:05:03 · Accelerating Clean Energy Transitions · 2021-07-28 · مشاهدة عند هذا التوقيت

The AI Centre of energy, IACE is our standard bearer in this field. A center of excellence was created in partnership with the Saudi data and AI authority to provide a shared platform to drive the adoption of AI in the energy sector and deliver the solution to the sector pressing challenges. The challenge we all face is to tackle the great issue of the world today, like post-pandemic, economic recovery, energy, reliability, and sustainability, the center of the fourth industrial revolution in partnership with we will play a key role in sharing knowledge and best practices with the rest of the world. Ladies, and gentlemen, I applaud your efforts in the advancement of this crucial initiative and wish you worthwhile and successful deliberations. thank you.