← فهرس المشاركات الإعلامية

LEAP 2022 - Technology for Energy Transition

M088 · 2022-02-02 · تفريغ نصي لمشاركة إعلامية لسمو وزير الطاقة

المعرّف / ID
M088
المناسبة / Event
LEAP 2022 - Technology for Energy Transition
التاريخ / Date
2022-02-02
لغة المشاركة / Language
EN
التسجيل الأصلي / Recording
https://www.youtube.com/watch?v=3wQR9S1Asu0
نوع النص / Text type
تفريغ نصي غير رسمي — unofficial transcript
عدد المقاطع / Segments
39 (منها 30 لسمو الوزير)

للاستشهاد: اذكر معرّف المقطع (مثل M088-01) 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. M088-01), 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.

النص / Transcript

[M088-01] · متحدث آخر: المقدم (other speaker — not the Minister) · التوقيت 00:00:05 · LEAP 2022 - Technology for Energy Transition · 2022-02-02 · مشاهدة عند هذا التوقيت

Well, Your Highness, Your Excellencies, Honored guests, ladies and gentlemen, we have had already in the last day and a half some extraordinary conversations, discussions and speeches, but this morning, we are so very fortunate to be joined by His Royal Highness to discuss not just his responsibilities as the Minister of Energy, but his views and vision for how energy and technology connect in a way that will allow not just the kingdom of Saudi Arabia, but the world, to fully manage its way through the energy transition, driven in large part by the challenges of climate change.

[M088-02] · متحدث آخر: المقدم (other speaker — not the Minister) · التوقيت 00:01:06 · LEAP 2022 - Technology for Energy Transition · 2022-02-02 · مشاهدة عند هذا التوقيت

His Royal Highness is responsible for coordinating the kingdom's domestic and international energy policies, and how they work in line with the Vision 2030, not only does he oversee the enormous energy activities within Saudi Arabia, he is renowned the world over as an expert on energy policy and on the implications for energy policy of the energy transition. Now we are having this conversation here today in the kingdom of Saudi Arabia, everybody in the world knows quite how important the kingdom is in the world of energy, the largest producer of oil, second largest set of reserves in the world, home to 15% of the world's proven oil reserves.

[M088-03] · متحدث آخر: المقدم (other speaker — not the Minister) · التوقيت 00:02:06 · LEAP 2022 - Technology for Energy Transition · 2022-02-02 · مشاهدة عند هذا التوقيت

And oil prices, as His Highness well know better than anyone, can be volatile, sometimes extremely so. Today, I think the oil price is approaching around $90 a barrel, but it has moved significantly as a result of the COVID Pandemic, where there was a contraction in economic activity, that was the most significant since the Second World War. There is nobody who has been closer to helping the world manage their way through those challenges that we have all experienced than His Highness, so if I may, Your Highness, I thought I might start by asking you a very simple but sharp question, as we look forward, both that Vision 2030 and at the energy transition, which I would like to come back to. What is your view about the future for hydrocarbons?

[M088-04] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:03:11 · LEAP 2022 - Technology for Energy Transition · 2022-02-02 · مشاهدة عند هذا التوقيت

Brilliant question, because I would try to through it to explain why I am still an energy minister, and why I am capable of recruiting the hundreds and hundreds of people that have the same, share the same dream, and share the same hope, and we believe we, or at least myself, I believe that with the new cadets and the new recruits and the new, I would call them adventurers of the future, I have every reason to believe that we will manage our way through, and hydrocarbon will continue to be in use for quite a few decades, if not centuries, and if you can just permit me for 2 seconds to first congratulate my colleague and friend, Mr. Abdullah Swaha, for a wonderful, wonderful event, this event would not have been.

[M088-05] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:04:24 · LEAP 2022 - Technology for Energy Transition · 2022-02-02 · مشاهدة عند هذا التوقيت

This event would not have happened without also the help and support that he is getting from all that are working with him and volunteering with him, and as much as I try to be vocal and unfortunately my ability to be vocal is somewhat not to the level of performance required for an energy minister, but I have learned in my job or my career make sure that your vocals are low, you never know when you would like to withdraw your statements, but that belief and that construct in terms of why I believe that hydrocarbon will be here for the present and the future is, as I said, look at how much intrigued young people we are recruiting, and I will give you a bit to why we are triggering these inquisitive minds to come and join.

[M088-06] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:05:58 · LEAP 2022 - Technology for Energy Transition · 2022-02-02 · مشاهدة عند هذا التوقيت

But I have a sample here with me, and I asked them to join me because quite honestly, if it was not for them, I would not be here, and this is just a sample of the people, as young cadets, both young women and young men that are working with us in the ministry, in innovation, in artificial intelligence, in incubating new technologies in all levels, including attending to climate change, so I ask a sample of them to join me here, and if you do not mind, I would like proudly to introduce them to this huge group of participants, because at least I owe them that gratitude and thank, so please.

[M088-07] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:07:23 · LEAP 2022 - Technology for Energy Transition · 2022-02-02 · مشاهدة عند هذا التوقيت

This is the true story of Saudi Arabia, the new vibrant, ambitious, hopeful, determined, and with that kind of generation and hopefully the generations to come. Virtually I do not see the word impossible would remain in our vocabulary, so yes, we accept the challenge. And who else did accept that challenge? It is the Crown Prince, Prince Mohammed himself. Lots of people were puzzled with the idea. How on earth Saudi Arabia will host the Green Initiative and the Middle East Green Initiative? How on earth a hydrocarbon country, a large hydrocarbon country, an aspiring hydrocarbon country that would like to continue, was putting the biggest defenses over the last 30 years in trying to ensure that hydrocarbon would be the least effected when it comes to mitigating climate change concerns, and the answer was simple.

[M088-08] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:08:48 · LEAP 2022 - Technology for Energy Transition · 2022-02-02 · مشاهدة عند هذا التوقيت

We cannot sit on our hands, watch the world changing while we are not engaged in every meaningful way of being actively engaged, and instead of waiting for solutions to come our way, we are the most beneficiary party from these solutions, and therefore we have to be there, up there with everybody developing these solutions. If we can get the world to congregate in something which is, I think, fair and equitable, which is solutions have to be comprehensive, and if these solutions are comprehensive in attending to climate change concerns, which is emission reductions of all greenhouse gases of all sectors.

[M088-09] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:09:43 · LEAP 2022 - Technology for Energy Transition · 2022-02-02 · مشاهدة عند هذا التوقيت

Actually the whole world will, and those who are very keen on attenting to this issue will do themselves a service, because if the theme is there and it is that, I think they will assure themselves inclusivity, so that is why we are anxious to do that by saying if you want us to be there, be inclusive, we should not be involved in cherry picking on what energy resource we are using, as long as these things are mitigated and emission are abated, and if we can, and that is why in the green initiative, Saudi Green Initiative. Crown Prince, Prince Mohammed did announce that we will be achieving net zero by 2060.

[M088-10] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:10:38 · LEAP 2022 - Technology for Energy Transition · 2022-02-02 · مشاهدة عند هذا التوقيت

In fact, we could achieve it earlier, and the explanation for our commitment was made that we are only conditioning that on the evolution of technologies. None of those countries, I am talking about those beyond the Annex 1 countries have made any pledge to be it 2050 or 2060 or even 2070, they did not call for either financial support or hinged it on financial support of any sort or to be honest, quite mushy commitment on the 2050 and what have you. It is aspirational goal, it is all of the above, but it is not as committed and commitment as it is, and because of that, we have been taken seriously now. More important, that initiative will be held on a yearly basis.

[M088-11] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:11:40 · LEAP 2022 - Technology for Energy Transition · 2022-02-02 · مشاهدة عند هذا التوقيت

In fact, there is an endowment for it, there is a board of trustees, and it will continue on a yearly basis because His Royal Highness, Crown Prince would like to see this commitment being done, seen through. More important, look at us on the ground today with NEOM, with all of these ambitious Giga Projects that all are aspiring for clean energy. These are living testament to our commitment, and to our enthusiasm to be engaged. The sample of the team that you saw today, they are engaged in this sector because they see it a vibrant sector, an innovative sector. It is something that touch their ambitions, their goals, their hope. They want to see it through.

[M088-12] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:12:43 · LEAP 2022 - Technology for Energy Transition · 2022-02-02 · مشاهدة عند هذا التوقيت

I have to add a very important message, at least for those who are in a less young age bracket, make sure that when it comes to technology and innovation and technological challenge, make sure that you recruit young cadets because they will see it through, I will not see through, they will see it through, I certainly have an interest to trigger it, but they have much bigger interest to see it through, so what is we are challenged with is technology, we believe if we can do our bit and congregate others to work because we see a lot of people are facing the same challenges, and aspiring to achieve the same solutions.

[M088-13] · متحدث آخر: المقدم (other speaker — not the Minister) · التوقيت 00:13:40 · LEAP 2022 - Technology for Energy Transition · 2022-02-02 · مشاهدة عند هذا التوقيت

That is a powerful set of statements. I mean, one of the challenges, I think, in other parts of the world is that the energy industries are being pigeonholed as the problem rather than as the solution, and the community that you very generously introduced us to, they will be the seniors in 40 years time. They will be here in 2060, and inheriting the practical outcomes of the vision that you are talking about, but your vision, Your Highness, for energy transition, you talk and have talked previously around energy security, energy equity and energy sustainability, and your comments there about not choosing winners being open to choices, just in the area of energy sustainability. How do you see that developing over the next 2 to 3 years? And which of the emerging technologies do you have most confidence in as we move through the period to 2060?

[M088-14] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:14:53 · LEAP 2022 - Technology for Energy Transition · 2022-02-02 · مشاهدة عند هذا التوقيت

Okay, well, I always tell my colleagues, we are not in the gambling business, we should be prudent and we should be leaning towards every possible solution, so the way we operate is that we are engaged with everybody, we are engaged with the Europeans, we are engaged with the Koreans, the Japanese, the Chinese, the Americans in every aspect, and I will give you an example when it comes to carbon sequestration, there is a forum which was organized 16 years ago by the U.S. If you ask our friends in the US, they will tell you we imposed our self, and I am glad that we did, we imposed ourselves in that forum because it used to be, it was meant to be for attending to coal.

[M088-15] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:15:51 · LEAP 2022 - Technology for Energy Transition · 2022-02-02 · مشاهدة عند هذا التوقيت

So we literally physically imposed ourselves by saying, can you expand it to take care of also hydrocarbons, not only just coal, and it is up and running and alive, and look at the amount of data and experience exchanges that is happening today. The difference is that also we bring our experience to the table, we do not want to be in the receiving end as I said, we want to be part of the solution, so Aramco is doing a lot in terms of carbon sequestration, we have a commitment for using CCUS to attend to about 27 million tons by 2030.

[M088-16] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:16:34 · LEAP 2022 - Technology for Energy Transition · 2022-02-02 · مشاهدة عند هذا التوقيت

It is there, it is on the ground. We are attempting to use CO2 as a way to enhanced oil recovery. SABIC is doing also a bit of carbon sequestration, and we are also attending to something that we put together 2 years ago, which is the circular carbon economy, and we have a mean we, I think we will be the pioneer of the circular carbon economy when it comes to show the world, showing the world how we can meet these 4Rs, including the most challenging bit, which is how can we recycle CO2? How can we reuse CO2 and how can we remove CO2? The first one reduce is a going concern. We have efficiency, we have a 10 years of good record of a serious efficiency program. It is there on the ground.

[M088-17] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:17:42 · LEAP 2022 - Technology for Energy Transition · 2022-02-02 · مشاهدة عند هذا التوقيت

“Reduce” We have just made an announcement of removing million barrels of liquids, converting it into using gas and renewable as a substitute for it. In fact, we have the most probably going to be the most successful project in planet Earth because you are saving a million barrels which you use to burn it for cheap amount of local prices, whilist you could have exported it, I have yet to see anything that is more financeable than that project, so we are getting, it is not going to be a burden something, It is actually going to be a money-making machine for us, so in the reduce also where we see ourselves involved seriously in hydrogen and we want to size up that market.

[M088-18] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:18:38 · LEAP 2022 - Technology for Energy Transition · 2022-02-02 · مشاهدة عند هذا التوقيت

We know for sure that we will be the most competitive producer of both blue and green hydrogen because of facts on the ground, we are the least cost producer when it comes to oil and gas, we are the least cost producer when it comes to electricity from renewable, and we have 50 years of history with desalination, and we have statements and announcements that were made about how much how cheap we are when it comes to producing a kilowatt per hour of electricity. If we cannot co-mingle all of these things, and assure ourselves that we can be there competing with everybody, but we want to go beyond that, that is why we are testing NEOM with a green, a serious green project.

[M088-19] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:19:38 · LEAP 2022 - Technology for Energy Transition · 2022-02-02 · مشاهدة عند هذا التوقيت

That is why we are testing and will be testing very soon, we have tested and we have piloted blue with Aramco, with the Japanese, and we will be moving a lot once Jafurah comes along and more CO2, and more gas will be produced out of that. The NEOM Project is one off, and we are hoping that again, but again, most of our concern is how can we put together a global ecosystem that enable collaboration and cooperation in developing these technologies and enable people to use it and make use of it, because we believe honestly and there is nothing better than of a testament than what is happening today in this winter of those countries that elected to go for the narrowband instead of the all of the above, I will not name names because it would be diplomatically imprudent, but there are countries within your neighborhood.

[M088-20] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:20:58 · LEAP 2022 - Technology for Energy Transition · 2022-02-02 · مشاهدة عند هذا التوقيت

That have chosen to go all the way renewable

[M088-21] · متحدث آخر: المقدم (other speaker — not the Minister) · التوقيت 00:21:01 · LEAP 2022 - Technology for Energy Transition · 2022-02-02 · مشاهدة عند هذا التوقيت

Yap.

[M088-22] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:21:02 · LEAP 2022 - Technology for Energy Transition · 2022-02-02 · مشاهدة عند هذا التوقيت

And look at what they are doing now, they are burning twice as much coal, they are considering now calling nuclear green because it was green, I do not know why it became purple or whatever that color might be, but they are back again. Look at what is the disturbances that are happening to markets, gas markets, electricity market all over the world, and ask yourself, is this a transition or is this a disruption of economic well-being? And that is why you when you gratefully alluded of what I have been saying, and I will continue to saying.

[M088-23] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:21:48 · LEAP 2022 - Technology for Energy Transition · 2022-02-02 · مشاهدة عند هذا التوقيت

Predominantly, energy security has to be the main pillar of anything without which you cannot preserve and maintain the other pillars that I keep talking about, and I will continue talking about, which is economic prosperity, economic growth, and if you do not have these two, you will never be able to attend to climate change, because climate change requires lots of financial, lots of investment, lots of support, lots of programs that would require lots of money. If you do not have that energy security, you will not be going through that smoother transitionary situation.

[M088-24] · متحدث آخر: المقدم (other speaker — not the Minister) · التوقيت 00:22:35 · LEAP 2022 - Technology for Energy Transition · 2022-02-02 · مشاهدة عند هذا التوقيت

There is so much in what you are covering, Your Highness. I would like to move to your comments on technology and specifically around removal, I take your point that reduction is a going concern already. Removal is an opening concern if you understand what I mean. There are there is work being done here by Aramco, there is work being done on mobile carbon capture. Some people have described air capture as the silver bullet, I am just be interested, particularly for this audience. What is your confidence in technology's ability to provide a solution that might accelerate that 2060 date believably, and allow other countries who maybe beyond

[M088-25] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:23:48 · LEAP 2022 - Technology for Energy Transition · 2022-02-02 · مشاهدة عند هذا التوقيت

We went through a serious excruciating exercise of delivering something for our green initiative, and believe me, it is not the work of a month or two, it was the work of months, and I would venture say hundreds of people that worked on it, which is, yes, we wanted to have the so-called razzmatazz, and anxiously we were hoping to deliver that to 2050 if we can. Of course, we are not part of that 2050 because we are not an Annex 1 country, but in order for us to be perceived as more serious, we did not say we will act by what is our commitment to the Paris Agreement.

[M088-26] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:24:39 · LEAP 2022 - Technology for Energy Transition · 2022-02-02 · مشاهدة عند هذا التوقيت

But let us, we asked ourselves let us try as the theme of this event leap into the future and see and ask ourselves, how can we squeeze our ability to achieve a better numbers? But But that we can commit ourselves to, we in this country honor our commitments, and we do not like to let down ourselves by not necessarily others, because in 2060 we will not be there to be accountable for it, but our consciousness would be with us for the rest of our days and nights, and we will have to look at ourselves at the mirror and say, Are we honest or not? Did we deceive our leaders or not? Did we make our leaders speak of commitments that we were 50/50, 20/50, 20/70 are not assured of?

[M088-27] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:25:43 · LEAP 2022 - Technology for Energy Transition · 2022-02-02 · مشاهدة عند هذا التوقيت

And therefore, we came up with that 2016. As I said, after a very excruciating exercise. however, luckily, when our commitment to Paris Agreement, they have agreed that they gave us the so-called dynamic baseline, which is to allow us to navigate based on how technology evolved, how diversified our economy is, and many other attributes which really put us in our comfort zone in signing up to the Paris Agreement. In Glasgow, we have taken a more proactive role, and if you talk to Alok Sharma and my friend, because he was here visiting me, and I really gave him a good feel for how much sun we have in Saudi Arabia, because I took him to Sheba, and there is no better place to demonstrate how wonderful our sun is, how the sunshine and set in Saudi Arabia than better than Sheba.

[M088-28] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:26:57 · LEAP 2022 - Technology for Energy Transition · 2022-02-02 · مشاهدة عند هذا التوقيت

But we are cognizant that the 2060, which is almost 40 years from now, would be sufficient to allow these technologies to evolve, because we are also not alone in that. There are lots of hydrocarbon producing countries, companies. Serious money will be spent on these solutions. We do not believe in silver, you know, again, we are not in the gambling business and we do not believe in silver bullets, we are there with our shrubs all over the place, those who will be winners, you will find us are there with them, those who will be losers, you will find us also with them.

[M088-29] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:27:47 · LEAP 2022 - Technology for Energy Transition · 2022-02-02 · مشاهدة عند هذا التوقيت

Prudence, as I have been preaching about what saved us in OPEC Plus Prudence. Lots of people, which is a bit of a philosophical and I understand how people may differ with me, I belong to an experience that pushed me to be, trying to be a prudent person as much as, so prudence dictates that you have a bit of think here and a bit of think there, and make sure that you see in your radar and your screen, that screen should be a 360, you should not be in a liberty or do not allow yourself the liberty of cherry picking because you do not know who would evolve. Look at history, look at history, look at how many technologies had evolved in the past and how much they became obsolete, and who took over from them, and you will see this so-called cyclicalness of winners and losers.

[M088-30] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:29:06 · LEAP 2022 - Technology for Energy Transition · 2022-02-02 · مشاهدة عند هذا التوقيت

Why? Because there were people who adapted to what the future may be, and evolved with their technology development to meet the expectations of the future, and those who stayed where they are or did not capture what the future calling would be, and they turned obsolete, we do not want to have that for hydrocarbons, we know consciously that for hydrocarbon to survive, it has to meet the climate change challange, and we have to, and since we have more to win and more to gain and a lot to lose, we cannot just sit on our hands being even part of the solution, but actually we should be the advocates of these solutions.

[M088-31] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:30:01 · LEAP 2022 - Technology for Energy Transition · 2022-02-02 · مشاهدة عند هذا التوقيت

What will be the biggest more important tool in our kit, it is the young breed that you saw them a while ago because they would have to defend for their own future, and the future of their own children, and they would be able to articulate it better than me.

[M088-32] · متحدث آخر: المقدم (other speaker — not the Minister) · التوقيت 00:30:19 · LEAP 2022 - Technology for Energy Transition · 2022-02-02 · مشاهدة عند هذا التوقيت

I, I might challenge that, Your Highness, but talking of technology, you touched earlier on nuclear, I am not sure, I would be interested in your views on whether nuclear is a green technology, but it is interesting that if you look at the 10 countries that have the most the highest proportion of nuclear in their energy mix, the European countries. This is a technology event, and for many good reasons, whilst there has been much technology innovation in other areas in Europe and other parts of the world, America has been an engine for technology innovation. Do you see nuclear as part of that mix at scale over the period? And is there a technology that would allow nuclear to be small and mobile and distributed as well as scale and maybe scary?

[M088-33] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:31:22 · LEAP 2022 - Technology for Energy Transition · 2022-02-02 · مشاهدة عند هذا التوقيت

By the way, thank you for revisiting that issue because it skipped me to say as a way to provide more evidence of that we are here for all options and all the solutions. I get to question many times why Saudi Arabia with all this hydrocarbon resources that you have, with all the huge ability to produce renewables and a record to showcase why you are building some nuclear reactors, and the answer I have is exactly what I was saying just a while ago, there with all the options and the all solutions, we cannot afford but to be experimenting with that, we want to do it however commercially, and we want to make sure it serves its that purpose, which is provision of electricity no more, no less.

[M088-34] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:32:22 · LEAP 2022 - Technology for Energy Transition · 2022-02-02 · مشاهدة عند هذا التوقيت

Our more important leap into the future, is talking about small modular reactors, it fits us, if the technology is there, it fits us well. Why? Because Saudi Arabia is quite a spread country, there are so many small communities, it is very expensive to get to wire these places with this long distance, if we can create or help in creating these technologies, which is it will give you a basic electricity in a small dwelling, it serves not small community, it is continuous, it is not, there would not be any type of problem of intermittence, and if you want to also be prudent, you could plug it with the grid just as a contingency.

[M088-35] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:33:22 · LEAP 2022 - Technology for Energy Transition · 2022-02-02 · مشاهدة عند هذا التوقيت

That is a very forthcoming option for us if it can be delivered. The challenge is technological. There are 3, 4 different technologies that are being tested. We have been testing with one country and I have to say luckily it was before I came into the ministry and Kcare, but that experience was not that forthcoming, but anyway, look at any technology in planet Earth, and see how much pull and strings that go pull and push that happens, it is an evolving thing.

[M088-36] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:34:01 · LEAP 2022 - Technology for Energy Transition · 2022-02-02 · مشاهدة عند هذا التوقيت

What we want to do now is to plug our self with all those who are developing this, interested in these small modular reactors, and if, and again, the same idea plug with everybody, and when you have something that is effective and cost effective and a technology that you could pilot, and if the piloting succeed, we move, so we are, there is no other way of explaining that we are for all options at any time, but certainly we do not want to be like others. You leap, you gamble, you bet. but in your betting and gambling, you do not remember that there is 10, 20, 30 years to come, and you need to handle that transition in a way that makes it somewhat more amicable and less disturbing or less distorting.

[M088-37] · متحدث آخر: المقدم (other speaker — not the Minister) · التوقيت 00:35:16 · LEAP 2022 - Technology for Energy Transition · 2022-02-02 · مشاهدة عند هذا التوقيت

Your Highness, I have to say, speaking personally, and I know on behalf of the audience that it has been an extraordinary privilege to hear your mixture of prudence and innovation and optimism in an area which is, it is important to the kingdom of Saudi Arabia, but it is important to us all, everywhere in the world, and if Saudi Arabia cannot find solutions, then we will all be the worst for that. Could I perhaps ask?

[M088-38] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:35:52 · LEAP 2022 - Technology for Energy Transition · 2022-02-02 · مشاهدة عند هذا التوقيت

Your Lordship, Your Lordship, I am also lucky because His Lordship is from Scotland, as a testament that we did a good job in Scotland, I did not neither myself nor the climate change team ended up with the glaswegian kiss at the end of the event, so just for those who does not understand, what is a glaswegian kiss? It is something that you do not wish for, because glaswegian kiss means that somebody with his forehead would smack your nose without you noticing it, so we came out of Glasgow without any collateral damage, I have to say, and I keep saying it and I am sure that those of nationals, Saudi nationals here, both men and both women and men and by genes we are Bedouins and Bedouins are prudent, and we are proud to be a Bedouin and prudence

[M088-39] · متحدث آخر: المقدم (other speaker — not the Minister) · التوقيت 00:37:07 · LEAP 2022 - Technology for Energy Transition · 2022-02-02 · مشاهدة عند هذا التوقيت

Thank you very much, Your Highness. Ladies and gentlemen, thank you very much. Your Highness, it has been a great pleasure. Thank you for giving us your time, sharing your thoughts, and I am glad the Scottish hospitality lived up to its reputation. Ladies and gentlemen, Your Excellency, thank you very much indeed, Your Highness.