كلمة سمو الأمير وزير الطاقة في منتدى مبادرة السعودية الخضراء

[M131-01] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:00:00 · كلمة سمو الأمير وزير الطاقة في منتدى مبادرة السعودية الخضراء · 2023-12-04 · مشاهدة عند هذا التوقيت

Good Morning, Excellencies Ladies and Gentlemen and Distinguished Guests. It is my great pleasure to welcome you all to the third Saudi green Initiative for today. When the global community called for increased climate ambition the kingdom stepped up and launched the Saudi Green Initiative as the key foundation for achieving the Kingdom climate ambition. The inaugural event of the Saudi Green Initiative was in 2021, unveiling Saudi Arabia 2060 Net Zero ambition under the SGI the kingdom has committed to reduce greenhouse gas emission by 278 million tons annually by 2030. In the previous SGI Forum held in Egypt in tandem with the COP 27 last year and today in the UAE in tandem with the COP 28 we show our concrete action and progress toward this ambition. On renewable we have quadrupled our connected capacity from 700 megawatt last year to 2.8 Gigawatt with more than 8 Gigawatt of renewable under construction and around 13 Gigawatt in various development stages. We are also planning to tender an additional 20 Giga by 2024. As part of our commitment to accelerate the development of renewable energy project, the Kingdom of Saudi Arabia is launching the national geographical survey project starting early next year. It is considered one of the few Global project executed at a national level with such a large scale with more than 1,200 measurements stations. Not only that but also we are making progress in implementing the liquid displacement program which aim to eliminating burning 1 million barrels of liquids fuels this year. We commissioning of four highly efficient gas fired power plants with a total capacity of 5.6 Gigawatt. We will be building 8.4 Gigawatt of gas power plant with a carbon capture readiness.

[M131-02] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:02:10 · كلمة سمو الأمير وزير الطاقة في منتدى مبادرة السعودية الخضراء · 2023-12-04 · مشاهدة عند هذا التوقيت

We will also be tendering additional four high efficient gas fired power plants with a capacity of about 7 Gigawatt. We are continuing the implementation of the Energy Efficiency Program where Energy Efficiency policies and initiatives in building Industrial and transport sectors contributed to a growth of in energy saving of about 16% between 2021 and 2022. Among these initiatives there was significant improvement of about an average of 3.4% annual increase in fuel economy for new light vehicles imported to the kingdom last year. On carbon capture utilization and storage we will be developing two industrial hubs in the east of the Kingdom CCS Hub aim for a capacity of 44 million tons per year while the CCU Hub in the west targets a capacity of over 1 million ton per year for CO2 utilization, the kingdom aim to become a key exporter of clean and green hydrogen globally. The Neom green hydrogen project has successfully completed its financial closure phase securing an investment of about 8.5 billion dollar the project will produce 1.2 million tons per annum of green ammonia. In addition we are developing International partnership to develop more green hydrogen project in the Kingdom in addition to piloting different hydrogen mobility solution including hydrogen powered trains. Moreover to support our ambition for exporting both electricity and clean and green h hydrogen we have signed a memorandum of understanding for the economic corridor between India, the Middle East and Europe during the 2023, G20 Summit in India. This will be a key enabler for energy export this corridor which include both electricity transmission lines and hydrogen pipelines which will supply clean energy at scale in a reliable and affordable manner. Our action are consistent with the circular carbon economy approach which we adapted to guide our energy transition and which has been endorsed by the G20.

[M131-03] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:04:35 · كلمة سمو الأمير وزير الطاقة في منتدى مبادرة السعودية الخضراء · 2023-12-04 · مشاهدة عند هذا التوقيت

our actions are example of all solution all technologies which is consistent with the Paris agreement in its bottom-up approach. We will be working together to strengthen the role of Technology based initiatives to advance the implementation of effective climate action. On advancing international collaboration we are boosting innovation and utilizing the widest range of technologies we can reap the benefit of economic Prosperity secure and affordable access to energy and in a more sustainable future for all while addressing the core climate change challenges. Recognizing the need to collective action we're extending our effort to regional and international through the Middle East Green Initiative to enhance our efforts to achieve global climate goals. On financial support unlike the small change offered for loss and damage from our partners in the developed countries the kingdom through South-South corporation announced in the Saudi African Summit in Riyadh last month, the allocation of up to USD 50 billion this will help build resilient infrastructure and strengthening climate resilience and adaptation in the African continent directly through Saudi stakeholders to ensure proper implementation of these projects. One other major initiative that the kingdom is promoting is the clean fuel solution for cooking. Since 2021 Middle East Green Initiative, the Kingdom of Saudi Arabia has been implementing project in both Africa and Asia through supporting training and awareness program alongside governments. This involves subsidizing cooking kit to support wider penetration providing solution to small farm owners and standard adoption to ensure the clean and safe usage of fuel for cooking through three main applications; LPG, solar and biodigester.

[M131-04] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:06:46 · كلمة سمو الأمير وزير الطاقة في منتدى مبادرة السعودية الخضراء · 2023-12-04 · مشاهدة عند هذا التوقيت

In Kenya alone we aim to target 800,000 households which is equivalent to 4.1 million saving approximately 2.8 million trees annually. Not alone the amount of life that would be saved daily due to the illness associated with smoke inhalation. We are also working with the government of Nigeria, Madagascar, Rwanda, Bangladesh, Indonesia and Napal to not only bridge the gap for safe cooking methods but also provide the solution best fit for their environment. That's why we recently hosted the Middle East and North Africa climate week with more than 240 activities and 9,000 participants providing insights and regional views on the COP 28 discussion. Today in the third Saudi green initiative forum we have a rich agenda bringing together key regional and Global stakeholders to advance the climate action discussion explore climate challenges and opportunities and showcase climate Innovation and solution. I wish you all success and fruitful discussion. Thank you!