Green Growth Partnership Ministerial Meeting

[M060-01] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:00:03 · Green Growth Partnership Ministerial Meeting · 2021-10-04 · مشاهدة عند هذا التوقيت

Excellences, ladies and gentlemen, it gives me great pleasure to be with you today. I would like to thank his excellency, Hiroshi Kajiyama, Minister of Economy, Trade and Industry of Japan, for the kind invitation, it is always good to connect with our friends and partners in Japan, with whom we share a warm and deep relationship. The challenge of achieving green growth is one of the most urgent tasks facing the world today; over the past decade, we have witnessed a dramatic rise in the standard of living, lifting billions of people out of poverty in many countries around the world, thanks to globalization, free flow of ideas, investment and technology.

[M060-02] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:00:52 · Green Growth Partnership Ministerial Meeting · 2021-10-04 · مشاهدة عند هذا التوقيت

Now we are we and the rest of the world realize that in order to protect and build on these achievements, we must rise to the challenge of climate change, which puts all of our progress at risk, if left unchecked, we recognize that greenhouse gases must be mitigated and controlled in order to achieve the goals of the Paris agreement, which we have all signed up. This is especially important for Asia, which is the home of so many of the fast-growing economies on the planet with the biggest populations.

[M060-03] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:01:34 · Green Growth Partnership Ministerial Meeting · 2021-10-04 · مشاهدة عند هذا التوقيت

If the challenge of climate change is not tackled successfully in Asia, it will be to the economic and human detriment of the rest of the world. But, I must stress this, we have to ensure that we do not approach the challenge as zero-sum exercises. There is no single path toward a transition to cleaner and more sustainability energy. Though, there is a top-bottom approach to be imposed by convenience of those who see it worthwhile for them to impose it on others. In Saudi Arabia, we fully understand the connection between energy and economic growth. We recognize that ruling global economy via hydrocarbon has to be adapted to current circumstances and challenges.

[M060-04] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:02:34 · Green Growth Partnership Ministerial Meeting · 2021-10-04 · مشاهدة عند هذا التوقيت

We believe all in allowing each country to determine its path of the energy transition, taking into account its own economic needs and priorities and capacities and capabilities. Saudi Arabia is convinced that hydrocarbons would remain a vital part of the world energy mix for decades to come, but we are also a pioneer in developing and venting, renewable energy sources, like wind, solar as well as the use of clean hydrogen fuels. We are also have within the region of Gulf region have quite a few countries that share with us the same aspiration and ambitions and even collaborate in these endeavors.

[M060-05] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:03:29 · Green Growth Partnership Ministerial Meeting · 2021-10-04 · مشاهدة عند هذا التوقيت

Indeed, we are proud to become the first country to export ammonia to Japan, to help in your country’s power generation industry, we are putting these techniques into practice at home, in the kingdom, where we are pledged to meet half of our energy needs from renewable sources in this course of the next decade. So, I will the opportunity to explain rules and opinions to this eminent audience and I wish you a productive deliberation ahead and thank you.