سمو وزير الطاقة الأمير عبدالعزيز بن سلمان في جلسة وزارية خلال أسبوع المناخ

[M123-01] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:36:33 · سمو وزير الطاقة الأمير عبدالعزيز بن سلمان في جلسة وزارية خلال أسبوع المناخ · 2023-10-08 · مشاهدة عند هذا التوقيت

a global leader in all form of clean energy encompassing hydrocarbons, renewable, clean hydrogen to complement our traditional skills in oil and gas.

[M123-02] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:37:27 · سمو وزير الطاقة الأمير عبدالعزيز بن سلمان في جلسة وزارية خلال أسبوع المناخ · 2023-10-08 · مشاهدة عند هذا التوقيت

Go to the alleys, go to the streets, walk into the offices building. See the real energy of Saudi Arabia; it is the Youth of Saudi Arabia it is the women and men that are making these things or will make these things a reality. Never bet on someone like me but bet on the young people that have every reason to work hard and laboriously to achieve these goals, because I will not be there to see it, but they will be there to feel proud that they were part of the new Saudi Arabia and they are the Creator with our leader; the new Saudi Arabia.

[M123-04] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:39:08 · سمو وزير الطاقة الأمير عبدالعزيز بن سلمان في جلسة وزارية خلال أسبوع المناخ · 2023-10-08 · مشاهدة عند هذا التوقيت

Well certainly misfortunate to come after Aseel. She is an eloquent colleague of mine. You will see quite a few of them as you progress today and tomorrow and the rest of the week, because at the Energy Ministry and the energy ecosystem we're so proud to have so many of these young aspiring and inspiring women and men working in this sector. Without much ado, I know the bigger story would not be told by myself. the bigger story would be told by a selection of young; we call them Cadets from the Ministry and the ecosystem they will give you a bit of a feel of what we are doing and what we shall be doing in the future so I asked them that they do the presentation not myself and respectfully I asked them if they can hold their breath until we go through the usual speeches, because also we are lucky to have the host COP27 Minister of Foreign Affairs Sameh Shoukry, the Minister of Foreign Affairs of Egypt.

[M123-05] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:40:51 · سمو وزير الطاقة الأمير عبدالعزيز بن سلمان في جلسة وزارية خلال أسبوع المناخ · 2023-10-08 · مشاهدة عند هذا التوقيت

We are also fortunate to have Sultan today he is going to be carrying the mammoth task of handling the COP 28 in Dubai and our friend Simon of the UNFCCC he will be carrying the bigger burden of the various COPS to come in the future. I've been working with them for quite some time and I will continue working with them in the most laborious way because again as the first video had said we really need to work hard to make sure that Dubai COP 28 becomes not only a successful COP but a remembered cup for all of us. The stakes are big, the ambitions as you have seen are big and the accommodations and the practicality and the inclusiveness are a must. On behalf of the custodian of the Custodian of the Two Holy Mosques King Salman and HRH Crown Prince and Prime Minister Mohammed bin Salma, I really and in behalf of every Saudi that you saw and every Saudi you will see both female and male we welcome you here in Riyadh.

[M123-08] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 02:02:52 · سمو وزير الطاقة الأمير عبدالعزيز بن سلمان في جلسة وزارية خلال أسبوع المناخ · 2023-10-08 · مشاهدة عند هذا التوقيت

Well, it is the usual thing. Somebody would have to lead by the example. I think we for example we with SABIC, we are working in too many things, not only carbon capture and sequesterization but actually in the western side of the country we are working with SABIC and others in carbon capture and utilization; simply because the structures that are available in the east allow for sequester and storage, while in the western part of the country does not have that enable, so we are talking about utilization. There is no meaningful way for us as for example Saudi Arabia, Kuwait, I would say even Iraq, Oman, Qatar, Bahrain, and others than to have invest money, ensure that this technology does work, and ensure that the government will support this technology through packages of incentives and enablers; because if we succussed with them, not only we are going to help ourselves, but we are going to help others, especially when we are all, I think, in agreement and various agreements are all about emission reduction of all greenhouses from all sectors. This is our commitment, and there is no way to just keep going around it without having to demonstrate your commitment to achieving these things. So, it is a must, what is also a must is that for example, we have advantages ourselves, when our young cadets talked about geothermal energy it sounded like an idiot idea that Saudi Arabia to engage in geothermal, if you ask, I mean, Aramco, they will tell you we are a big drilling company, we know how to drill for oil, we know how to go in our horizontal for oil and gas.

[M123-09] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 02:05:40 · سمو وزير الطاقة الأمير عبدالعزيز بن سلمان في جلسة وزارية خلال أسبوع المناخ · 2023-10-08 · مشاهدة عند هذا التوقيت

It is the same technology different communication, different challenge of course, but it goes well with what Aramco had harness as a company with up streamers that we would like to, they urged us a lot especially in areas when you don't have the energy sources, it will take you to move it to. So, is this a loss of money? No! but I believe also that we need to exploit the other things we have, which is; we have the sun. We are not big in winds but we still have good potential and we would like to go through the transformation of the energy mix for ourselves, but actually we believe that we could be an exporter of both be it green hydrogen, be it clean hydrogen, and be it producing of exporting green electricity; that's why I have spent the last 3-4 months going touring around everywhere on planet Earth. Even we have adopted an approach, which is a quiet liberal approach by saying: come with your full force, do the upstream which is reliable, do the hydrogen if you want, do the transmission of electricity, do the piping of that hydrogen all shipping of ammonia that are produced from hydrogen, even more, move your industries that are yearning for green energy in the form of green electricity or even green hydrogen. We are open to all these options. There is a logic behind, because again as Suhail was saying we believe world will need all of the above. We believe also that in the long term the matrix is going to be producing oil will change. There are zones, countries, and regions that will dry up, their field will mature and therefore at some point their production will stagnate and most likely will fall, while others have the potential to continue for years to come.

[M123-10] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 02:08:37 · سمو وزير الطاقة الأمير عبدالعزيز بن سلمان في جلسة وزارية خلال أسبوع المناخ · 2023-10-08 · مشاهدة عند هذا التوقيت

So, in general even if the change and transformation happened, it is still some countries, especially this region, truly in the map, not only in the map, but actually capturing the biggest share of hydrocarbon produce especially oil, and in the case of Qatar of course. So, there is a case for us to be in oil, continue to be in oil, continue to be in gas because it goes without saying that although the share of oil and gas be diminished but out of what but out of what? out of a bigger energy system, doubled by 2050. Let's not forget that energy use possibly does increase possibly by 2050 it would double from now. So, percentage does not matter, what matters is the BTUs, where are the BTUs are going to come from? We are also creating as our young cadets had explained but before you joined capture, you were the leader of suitability program which what we call it our hegemony, which is if for example a conventional market moved to a different field or a different source of energy, when we have the hydrocarbon in the molecules and we could use it and make a better use of it; that why we are moving as Saudi Arabia. We are moving to oil to chemical directly, government will be incentivizing this program. We need again to get a break through that; it is not a bad idea to have two or three million barrels of oil converting its direction toward SK. So, if you incubate yourself in an environment, will say I will go for all options, all solutions, as you rightly have said in the beginning as long as I meet my goals, it is fantastic. We can't say and deny the fact that we want be involved in all of the above. We are coming to nuclear, but again we are still interested in all of the above approach including SMR.

[M123-13] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 02:33:20 · سمو وزير الطاقة الأمير عبدالعزيز بن سلمان في جلسة وزارية خلال أسبوع المناخ · 2023-10-08 · مشاهدة عند هذا التوقيت

As I said you know and also given what our young colleagues have shared with us. I don't think we are different from anybody at least I can speak on behalf of Saudi Arabia. I think between Sultan and Suhail; they have discussed also and showed case that we are going for the same approach, which is all of the above, indifferent about who is gonging to be the winner, because we will be there chasing the winners, but we are also subjecting ourselves, as our friend from India Mr. Singh says, that we are looking for the economics of these things. We are not taking it personal that oil or gas or what have you, but we are very careful about losing track of what is good for our economies. Even if you let’s say, let's pretend for a second that Saudi Arabia is not an exporting country or for that matter Iraq and UAE. Just say that our endeavor to ensure our own domestic requirements for consumption, why should I forfeit oil, gas, and probably coal if I can mitigate it. If that mitigation can happen at a cost that is not would humper my economy, what is wrong with that? If you can expand that argument whereby mitigating what everybody is mitigating what else do you have? Now people talk about carbon sequesterization is not tested technology. True! but also batteries are not tested, and large size batteries are not tested. There are so many untested technologies that everybody is talking about including hydrogen. I spent sometimes in Europe with some companies in Europe they talk about evened and untested technologies and would you move hydrogen to ammonia and then you transport it. Now if you have to use it, you have to convert it back again and crack it into hydrogen again. There are people who are serious people talk about, there are serious issues with this technology of conversion or cracking technologies.

[M123-14] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 02:36:18 · سمو وزير الطاقة الأمير عبدالعزيز بن سلمان في جلسة وزارية خلال أسبوع المناخ · 2023-10-08 · مشاهدة عند هذا التوقيت

But it needs to say that the debate needs to become healthy which is to overcome the fact that we the producer are being stigmatized as hydro-carbon producer and we want to maintain the status-quo and also, we want as ourselves we want to avoid the stigmatization of those who don't want to have hydro-carbon that again their monolithic choice is devoid of any reasonable argument. I think that all of these parties have reasonable arguments, what we have I think is a reasonable ambition, and what we have is a reality which says that human in generality can deliver. I even talk about this transitioning, I just cannot think of a day since God created earth that we have not underwent a type of transition, because if we didn't, I don't know of medical services we would have today, I don't know what kind of road system, or telecommunication, or what have you. The world has the will to continue the transition. It is not about transitioning, because it is a God-given, it is about how we transition, what would be the cost of that transition, what are the enablers required for that transition, who is going to bear the cost of that transition, is it governments, or the average person, who is going to carry the brunt and how much it will inhibit the economy as supposed to, facilitate and enable the economy.

[M123-15] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 02:38:22 · سمو وزير الطاقة الأمير عبدالعزيز بن سلمان في جلسة وزارية خلال أسبوع المناخ · 2023-10-08 · مشاهدة عند هذا التوقيت

That debate is not happening because again, to be honest, to be candid and hopefully in Dubai that can have that serious discussion, it will happen when only people just calm down, talk about these things in a rational way and allow as our new young cadets have said, national circumstances should be allowed a space in that room, as long as people can accommodate to the endowments of each country and its ability to use its endowments, so long as it can mitigate and do the other things, which is the adaption and other things, I think we are okay, but to go for the narrow band as if you are going to be saying if you are faithful, you do what we tell you, otherwise you are unfaithful to your commitment, that's not fair.

[M123-18] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 04:55:32 · سمو وزير الطاقة الأمير عبدالعزيز بن سلمان في جلسة وزارية خلال أسبوع المناخ · 2023-10-08 · مشاهدة عند هذا التوقيت

Just the word of warning if I sleep while talking, I'm sure you understand why it is been quite a hectic few weeks to try to bring this event together. This is also yet with the availability of capable teams that had worked to put this event together yet I still run the risk that I may crack asleep while making my speech but here you go. I was warned by Nora and company that I should keep up to the speech before me because otherwise I may get somewhere where we will start talking about the weather not climate, but the weather in Saudi Arabia is inviting today and I think I want to stress that we have a Galla event tonight. I'd hate to see you missing it, because we have all of the above; music, culture, food all sorts of things. I'll keep you mesmerized or at least wondering what we have for you and that's the secret we will keep unfolding our adventures piece by piece as we go.

[M123-19] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 04:57:14 · سمو وزير الطاقة الأمير عبدالعزيز بن سلمان في جلسة وزارية خلال أسبوع المناخ · 2023-10-08 · مشاهدة عند هذا التوقيت

Excellencies esteemed guests; ladies and gentlemen the Global Stocktake is a crucial component of the Paris agreement to assess Collective progress and outline challenges and opportunities for implementation of the agreement and in in enhancing international cooperation with the outcome of the first GST for COP 28 we need to ensure number of political messages are not sent to the word and where we are and where we should be going. In this regard the GST should be used to outline a few cross-cutting messages. First Paris agreement represent a milestone in multilateralism and political unity around climate action. The adaptation of the Paris agreement was able to bring everyone around the principles of common but differentiated responsibilities and respect of capabilities in the principle and the principle of equity. That out outcome of the GST is an important momentum to highlight our collective commitment to preserve and continue to advance these principles aforementioned. Equity and national determined climate action in future implementation of the Paris agreement. The climate action is most effective and most ambitious when it align with countries various development pathways, just transition priority, sustainable development, poverty reduction and economic diversification and within the wider context energy security.

[M123-20] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 04:59:34 · سمو وزير الطاقة الأمير عبدالعزيز بن سلمان في جلسة وزارية خلال أسبوع المناخ · 2023-10-08 · مشاهدة عند هذا التوقيت

Three the outcome of the GST should outline historical progress and gaps and future opportunities in a manner that is inclusive and consist consistent with the national determined contribution element of the Paris agreement. For the most important thing will be to outline a message of positivity to the world on progress and on solution and on hope to all Stocktake stakeholders. Everyone will need to be in board to support ambitious climate action across the various thematic areas of the Paris agreement we have an opportunity to send strong and inclusive message that will enable everyone to enhance their action and implementation. We shall collectively scale up the all solutions and approaches to support emission reduction, abatement and removal as needed to achieve the Paris agreement temperature goals. This includes scaling up renewable energy and Energy Efficiency reducing non-CO2 emissions such as methane, scaling up carbon capture, utilization and storage and the deployment of carbon dioxide removal methods.

[M123-21] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 05:01:14 · سمو وزير الطاقة الأمير عبدالعزيز بن سلمان في جلسة وزارية خلال أسبوع المناخ · 2023-10-08 · مشاهدة عند هذا التوقيت

The science outlined that pursuing effort to limit warming to the 1.5° would be impossible without all of the above solution. We owe it to ourselves to be very clear to the world through the GST that we will be investing in and deploying all options to support us in achieving the Paris agreement temperature goal. We in the kingdom are pioneering the circular carbon economy to enable us to advance all of this solution and invite all countries to join us. We shall preserve the advance of the principle of the convention and its Paris agreement by ensuring the following, first obligation and pledge made and agreed must be delivered in accordance with the UNFCC convention. Two: inclusive opportunity for enhanced climate action is presented to be adopted in a nationally determined manner. Three: historic gap and challenges to enhanced climate action are presented in a just Manner. Four: the right of countries to pursue their sustainable development and poverty reduction while pursuing ambitious climate action is preserved. On adaptation, the GST must highlight the importance of enhancing adaptive capacity, strengthening resilience and reducing vulnerability to climate change, to protect the livelihood of everyone we have made a significant progress on the global goal of on adaptation with the framework set to be concluded at COP 28. We need to make sure we have a consistent space within the progress to operationalize and advance the implementation of the global goal of adaptation on means of implementing and supporting the important message need to be highlighted as we examine progress we see that pledge support under the agreement has faced repeated delays. Fulfilling this obligation will not only advance implementation but help to restoring trust. The obligation and responsibility under the UNFCC and Paris agreement are clear and any attempt to change this obligation will erode trust and progress. A transformation of the financial system will only be possible if it can it accounts for the need and priorities of all regions and all countries. This means underscoring the importance of investing in and scaling up all technologies and solution to address emissions increasing capacity building knowledge transfer and technology development and transfer to developing countries international cooperation and partnership will all be crucial enablers for increasing Ambitions and implementation. We need to leave to leave Dubai, I have said it before I will repeat it again, we need to leave Dubai with one resounding message to the world and all the stakeholder closely watching.

[M123-22] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 05:05:46 · سمو وزير الطاقة الأمير عبدالعزيز بن سلمان في جلسة وزارية خلال أسبوع المناخ · 2023-10-08 · مشاهدة عند هذا التوقيت

We are all on the same page on the urgency to act but each country and every region will have their own approach and individual pathways to respond to the to that urgency as our right under the Paris agreement the real impact will be felt in achieving an outcome where all our challenges opportunities and solutions are well reflected and we feel a clear sense of political unity and the international corporation needed to implement our collective and individual goals I will repeat it and repeat it all the next few days there is nothing that we could do that we should not do to ensure that COP 28 in Dubai turned to be not only a successful COP but a cornerstone to what we collectively need to do for the purpose of attending to this serious issue which is climate change. Thank You!

[M123-23] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 05:07:07 · سمو وزير الطاقة الأمير عبدالعزيز بن سلمان في جلسة وزارية خلال أسبوع المناخ · 2023-10-08 · مشاهدة عند هذا التوقيت

Thank you, Your Royal Highness, for your insights!