M072 · 2021-10-27 · تفريغ نصي لمشاركة إعلامية لسمو وزير الطاقة
للاستشهاد: اذكر معرّف المقطع (مثل M072-01) واسم المناسبة والتاريخ والتوقيت ورابط التسجيل. المقاطع المعلَّمة «سمو وزير الطاقة» فقط هي ما نُسب إلى سموه في التفريغ؛ ما سواها لمتحدثين آخرين. التوقيتات تقريبية حسب التفريغ.
To cite: give the segment ID (e.g. M072-01), event, date, timestamp and recording link. Only segments marked “HRH the Minister of Energy” are attributed to the Minister in the transcript. Timestamps are approximate.
[M072-01] · متحدث آخر: المقدم (other speaker — not the Minister) · التوقيت 00:00:00 · Science in Action: Investing in the Circular Carbon Economy - FII 2021 · 2021-10-27 · مشاهدة عند هذا التوقيت
Minister, I would like to start with you with some opening remarks that you have prepared.[M072-02] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:00:07 · Science in Action: Investing in the Circular Carbon Economy - FII 2021 · 2021-10-27 · مشاهدة عند هذا التوقيت
Just commenting on the packed planet, it is quality, not quantity, that counts, go ahead.[M072-03] · متحدث آخر: المقدم (other speaker — not the Minister) · التوقيت 00:00:14 · Science in Action: Investing in the Circular Carbon Economy - FII 2021 · 2021-10-27 · مشاهدة عند هذا التوقيت
Exactly.[M072-04] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:00:17 · Science in Action: Investing in the Circular Carbon Economy - FII 2021 · 2021-10-27 · مشاهدة عند هذا التوقيت
What was your question?[M072-05] · متحدث آخر: المقدم (other speaker — not the Minister) · التوقيت 00:00:18 · Science in Action: Investing in the Circular Carbon Economy - FII 2021 · 2021-10-27 · مشاهدة عند هذا التوقيت
So my understanding is what I have been told is that you jotted down some ideas that you wanted to share at the very beginning before we get into the actual panel discussion, if there has been a change of plan, you know, we can go straight into the discussion.[M072-06] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:00:34 · Science in Action: Investing in the Circular Carbon Economy - FII 2021 · 2021-10-27 · مشاهدة عند هذا التوقيت
No, go ahead to the discussion, I have a very wonderful chart, just one chart to showcase, how much work we have been doing, how honest we have been, and continue to be in pursuing what we have put together announced by the Crown Prince Mohammed, be it on the Green Initiative or the Middle East initiative, but I will present it as we move on.[M072-07] · متحدث آخر: المقدم (other speaker — not the Minister) · التوقيت 00:01:07 · Science in Action: Investing in the Circular Carbon Economy - FII 2021 · 2021-10-27 · مشاهدة عند هذا التوقيت
Okay, so let us get into that, and since the kingdom played such an important role in 2020 in terms of crafting the circular carbon economy agenda, just run me through what the top policy priority is for you now as you begin this new chapter.[M072-08] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:01:27 · Science in Action: Investing in the Circular Carbon Economy - FII 2021 · 2021-10-27 · مشاهدة عند هذا التوقيت
Well, we have been always and consistently saying, there are three main pillars, I think any person who has been involved in energy would recognize them first, energy security, energy security and energy security, I think it is the most fundamental pillar when talking about energy per se, the fundamental or other pillar is economic prosperity, economic growth, and the well-being of people at all levels, and now the most daunting challenge that we are all faced with is climate change, and we honestly believe that these true pillars have to be attended to without in any way whatsoever compromising any of the three.[M072-09] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:02:28 · Science in Action: Investing in the Circular Carbon Economy - FII 2021 · 2021-10-27 · مشاهدة عند هذا التوقيت
None of them should come at the cost or the compromise of the three of these two other pillars, so the most challenging thing for us, and I must say the whole world is how can we attend to these three pillars without circumventing any of those three pillars? In doing so, we came up in this room November 2019, I was at that part of the stage announcing our initiation of working on the circular carbon economy.[M072-10] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:03:10 · Science in Action: Investing in the Circular Carbon Economy - FII 2021 · 2021-10-27 · مشاهدة عند هذا التوقيت
With COVID and with all the atrocity that we all went through, we kept online and now we are up running, executing what we believe in, more important, I think we were successful in ensuring that the whole world in the embodiment of the G20 to approve the CCE as a way forward for having to achieve these three pillars, so I leave it there.[M072-11] · متحدث آخر: المقدم (other speaker — not the Minister) · التوقيت 00:13:07 · Science in Action: Investing in the Circular Carbon Economy - FII 2021 · 2021-10-27 · مشاهدة عند هذا التوقيت
Priorities and we need to talk a little bit about that, I am wondering, we are counting down to COP26 and there are a lot of questions about partnerships and global cooperation, and we had a series of meetings this week, of course, these the kingdom has had with some of its peers in the region. How would you like to push that forward? And where do you see that going in terms of consensus?[M072-12] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:13:31 · Science in Action: Investing in the Circular Carbon Economy - FII 2021 · 2021-10-27 · مشاهدة عند هذا التوقيت
Well, we were the first to talk about it, and we honestly do not mind being the first to execute it, in fact, if I could have that chart that i have been promising to show you, here you go, this is what we call it, our energy house or castle dependent on how modest you are, but this is where we have, this is our ecosystem, this is our energy strategy, we are even talking about carbon, hydrogen, we are doing all of the above, we are going to make sure our friends from Sandridge Chart, we are talking about financing.[M072-13] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:14:13 · Science in Action: Investing in the Circular Carbon Economy - FII 2021 · 2021-10-27 · مشاهدة عند هذا التوقيت
This is the whole ecosystem, this is the enablers, not of course, lined up on order, but this is it, and we got knife, and we will be issuing our own energy strategy very soon which is an embodiment of this, and the Green Initiative and the Middle East initiative, If you look at all of these initiatives or programs that were announced, It all goes around this whole think.[M072-14] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:14:51 · Science in Action: Investing in the Circular Carbon Economy - FII 2021 · 2021-10-27 · مشاهدة عند هذا التوقيت
It is about reduce efficiency going through hydrogen, going through renewable, reuse again you will see there, recycling because of the limitation of time, and even remove, some of it is within our scope as an energy ministry, which is carbon sequestration and what have you, but there is also the other part with the Ministry of Environment when it comes to greening, when it comes to attending to many activities that were initiated there.[M072-15] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:15:37 · Science in Action: Investing in the Circular Carbon Economy - FII 2021 · 2021-10-27 · مشاهدة عند هذا التوقيت
I think we are also putting our money where our mouth are, in some of these initiatives we are recommending funding schemes such as the more important one, which is the CCE Funding Program, we are suggesting it could be a $10 billion program for ten years, we are going to be footing 15% of that, I think we have the most humane initiative that we could ever come up with, and we are willing to enlarge if everybody wants to enlarge it, which is getting rid of its two on one, the idea of creating a fund whereby we will try to help mitigate this awesome, inhumane issue of having people to use biomass to get to cook their food is a human tragedy, and it really tells you a lot about how condescending this world has become.[M072-16] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:16:46 · Science in Action: Investing in the Circular Carbon Economy - FII 2021 · 2021-10-27 · مشاهدة عند هذا التوقيت
There are people who are talking about sniffing the little particles here and there, not concerned about 2 billion people, they cannot afford nor have the mean or the accessibility to clean fuel, if we can put that together and we are suggesting a 500 million $ program that will take care of about 750 million people, this is like a micro-financing scheme where this pledges can come in, and other lending agencies and institutions can come[M072-17] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:17:23 · Science in Action: Investing in the Circular Carbon Economy - FII 2021 · 2021-10-27 · مشاهدة عند هذا التوقيت
the whole thing would be 2 billion, $2 billion will help enable 750 million people of having an access to cleaner cooking fuels, it would help in mitigating a serious health issue for those people, in fact, it gets into dying, people dying for that, but more also in terms of emission reduction, this is just one out of so many, and I would urge everybody to go and read this Green and Middle East initiatives.[M072-18] · متحدث آخر: المقدم (other speaker — not the Minister) · التوقيت 00:20:00 · Science in Action: Investing in the Circular Carbon Economy - FII 2021 · 2021-10-27 · مشاهدة عند هذا التوقيت
We will talk about scalability in a bit, I was reading through a BNF Report, and one of things that stood out to me is their conclusion that basically, despite the flurry of new commitments that you have seen towards net zero, most net zero targets are firmly classified as low impact, low ambition, something to bear in mind as we try and flesh out some of these goals that have been laid out. I want to get to Matt again in just of terms of getting a private investor prospective. Matt, as you look towards sustainability what are some of processes and technologies that you are looking at?[M072-19] · متحدث آخر: ماتيو هاريز (other speaker — not the Minister) · التوقيت 00:20:41 · Science in Action: Investing in the Circular Carbon Economy - FII 2021 · 2021-10-27 · مشاهدة عند هذا التوقيت
By the way, I want to thank His Royal Highness for that chart, it was incredibly well laid out, I would like actually to borrow it for some of my investors, it lays out everything.[M072-20] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:20:51 · Science in Action: Investing in the Circular Carbon Economy - FII 2021 · 2021-10-27 · مشاهدة عند هذا التوقيت
You know who did it? Most of them are women and men under the age of 30.[M072-21] · متحدث آخر: ماتيو هاريز (other speaker — not the Minister) · التوقيت 00:21:05 · Science in Action: Investing in the Circular Carbon Economy - FII 2021 · 2021-10-27 · مشاهدة عند هذا التوقيت
Yeah, it is really well laid out.[M072-22] · متحدث آخر: المقدم (other speaker — not the Minister) · التوقيت 00:27:05 · Science in Action: Investing in the Circular Carbon Economy - FII 2021 · 2021-10-27 · مشاهدة عند هذا التوقيت
What caught my eyes well, while I was doing some of the research for the panel is that if you look at the net zero target for a company like Glencore, the amount that gets cut from that is equivalent to the emissions of Italy, which is why it is so absolutely pivotal that we flesh out some of the goals and secure some of those commitments.[M072-23] · متحدث آخر: المقدم (other speaker — not the Minister) · التوقيت 00:29:27 · Science in Action: Investing in the Circular Carbon Economy - FII 2021 · 2021-10-27 · مشاهدة عند هذا التوقيت
The minster would like to respond briefly.[M072-24] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:29:31 · Science in Action: Investing in the Circular Carbon Economy - FII 2021 · 2021-10-27 · مشاهدة عند هذا التوقيت
Just about talking about markets with the one issue, I am just wondering about it because what international market we do a carbon market would be somewhat disturbing the notion of egality, because you are going to be asking a developing country, executing a development project, paying for a carpet footprint for someone else who had been preceding for 200 years, building up all those stacks and stacks of carbon.[M072-25] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:30:13 · Science in Action: Investing in the Circular Carbon Economy - FII 2021 · 2021-10-27 · مشاهدة عند هذا التوقيت
And I just wonder how this could happen at the cost of a very poor country or just about to evolve in terms of development, so this is again, I can see it correctly working with the countries which are on the so-called Annex One Countries, those who are part of the Paris Agreement, but certainly as part of the Paris Agreement, we did not agree to that, we agreed to south-south type of arrangements, and we have agreed to a domesticated exchanges or even we did not call them market, we call them offsets programs.[M072-26] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:30:57 · Science in Action: Investing in the Circular Carbon Economy - FII 2021 · 2021-10-27 · مشاهدة عند هذا التوقيت
So what we want to initiate as Saudi Arabia is somewhat more egalitarian, at least the same situation, but certainly you cannot compromise a country, you name it, Kenya, Nigeria, and you put it in the rank and file of Sweden, Denmark, both countries will pay for the same equal price for carbon, I am just trying to flag that, it is in the notion of fairness, it cannot be done because that will cripple the potential of these countries growth.[M072-27] · متحدث آخر: المقدم (other speaker — not the Minister) · التوقيت 00:43:25 · Science in Action: Investing in the Circular Carbon Economy - FII 2021 · 2021-10-27 · مشاهدة عند هذا التوقيت
Minister, some closing thoughts from you briefly in terms of where you would like to see COP26 kind of go. What message will you be carrying? I mean, of course, the run up has already been quite clear, but maybe you can kind of sum it up briefly for us.[M072-28] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:43:44 · Science in Action: Investing in the Circular Carbon Economy - FII 2021 · 2021-10-27 · مشاهدة عند هذا التوقيت
Well, I am sure that people had noticed that we have been repositioning ourselves, and how we are coming out, and how we are conducting ourselves and how we will also be helped and facilitated, if we can get article, for example 6, being up and moving on COP26, that would be a facilitator of markets and exchanges and offsets, we have been engaged to the best of my ability and the team that I work with ability to come forth again with commitments and obligation that would not probably square well with PR Buzz and what have you.[M072-29] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:44:31 · Science in Action: Investing in the Circular Carbon Economy - FII 2021 · 2021-10-27 · مشاهدة عند هذا التوقيت
But you rightly said when we make a commitment, we make a commitment, and we are a long-term people, and we will also want to be mindful of how the technology evolve, you know CCE first and foremost depends on the evolution of technology, that is why when we came out with this statement about aiming to do 2060, it just luckily we have as part of the Paris Agreement, it allowed us to go for a kind of a dynamic baseline, which enable us to see how we fair with diversity, how we fair with technology, how we fair with how much we may lose in terms of revenue as a result of reduction of demand if it happens.[M072-30] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:45:26 · Science in Action: Investing in the Circular Carbon Economy - FII 2021 · 2021-10-27 · مشاهدة عند هذا التوقيت
But more important, in all of these pledges, we are not seeking funding, we are not seeking grants, we are not going around the bushes, conditioning our 2060 about something, but you have to finance us by $15 billion per annum. None of that, we are seeking nothing except a global organized collaboration between the 3 types of institutions that were recommended by our friends, putting together their heads, working together in technologies that would develop us, deliver us.[M072-31] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:46:07 · Science in Action: Investing in the Circular Carbon Economy - FII 2021 · 2021-10-27 · مشاهدة عند هذا التوقيت
But more important, in all of these pledges, we are not seeking funding, we are not seeking grants, we are not going around the bushes, conditioning our 2060 about something, but you have to finance us by $15 billion per annum. None of that, we are seeking nothing except a global organized collaboration between the 3 types of institutions that were recommended by our friends, putting together their heads, working together in technologies that would develop us, deliver us.[M072-32] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:46:50 · Science in Action: Investing in the Circular Carbon Economy - FII 2021 · 2021-10-27 · مشاهدة عند هذا التوقيت
Again, I would have to emphasize energy security cannot be achieved by 1 source, 2 sources or 3 sources, CCE enables us to mitigate, if you want the whole world to congregate around mitigation, you can by enabling them to say, we do not care about what source of energy use, we care about what you do with how much you emit, inclusivity can happen as a result of that.