HRH Minister of Energy's Address at CEM15MI9

[M149-01] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:00:13 · HRH Minister of Energy's Address at CEM15MI9 · 2024-10-03 · مشاهدة عند هذا التوقيت

Thank you very much for first of all, I cannot start without thanking my personal friend and colleague, His Excellency the Minister for the nice reception and arrangement that we all have seen over the. Last 24 hours or even before in preparing for these meetings. I also I don't think it's appropriate to leave here without thanking the both the Secretariat of both the CEM and MI for the elaborate work and hard work that they have put together in putting together these meetings. Clearly the two teams had labored hard and I really would like from all of us here, if you can join me in a round of applause for the two Secretaries not to and too many of the things that we know. We know that these two initiatives have delivered will continue to deliver for all of us what we all have been aspiring for in the early going. There are people who questioned the initiatives, who questioned the merit of IT and who questioned the purpose of it. And as you can see now, it is evolving with clarity. But certainly the bigger challenge that we will continue to face would be how much cohesive and collaborative we, the Member States and those who are in the private sector are willing and cognizant of the importance of being collectively attending to these targets and the development of these technologies.

[M149-02] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:02:21 · HRH Minister of Energy's Address at CEM15MI9 · 2024-10-03 · مشاهدة عند هذا التوقيت

I just want to make a few announcements as we did last year. I think both Secretaries can testify to our commitment. We last year had made some announcements. I believe we fulfilled those announcements and I'm here to announce few other six announcements that I hope it would help. In pushing this endeavor further. One that the Kingdom, as co lead of MI and CDR has jointly launched the Carbon Dioxide Removal CDR Student Prize Competition. The winner will be announced in Norway in February 2025. This is a new initiative to foster research and development in CDR technologies by urging young researchers to explore innovative CDR solutions. We were able to allocate six sponsors, three of which are Saudi entities, that is namely cabs King Abdullah Petroleum Studies and Research Center, kacst King Abdullah University of Science and Technology and kacst King Abdulaziz City for Science and Technology. The other announcement is we invite the CEM and MI to enhance their global impact at the Saudi Green Initiative in Riyadh which will be hosted soon by participating in its activities. This flagship initiative is pivotal in steering the region towards a new era of sustainability and innovation. We are also setting to host an essential discussion on climate change and sustainability at the Saudi Pavilion at COP 29 in Baku. We will continue collaborating with CEM and MI to organize meaningful panels that will shape global perspectives.

[M149-03] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:37:00 · HRH Minister of Energy's Address at CEM15MI9 · 2024-10-03 · مشاهدة عند هذا التوقيت

The Kingdom is also extending its full support and participation to the GT by 2030 joint CEM and MI campaign. This critical campaign is a key to unlocking Net Zero targets and serves as a pioneer model for collaboration between the Clean Energy Ministerial and Mission Innovation. Fifth, in our continuous effort to advance clean energy solution, we are pleased to announce that we have launched the Global Carbon Capture Challenge and collaboration with the World Economic Forum with an award of up to 300,000 Swiss francs. While participants participation is now closed, we have extended invitation to CEM and MI to engage through relevant work streams and missions. We eagerly anticipate that the innovative contribution from the winners and look forward to furthering CEM and MI collective effort in this crucial field. Finally, as a regional champion, the Kingdom will actively advocate for SIM and MI effort in our region. We call in CM&MI member countries to adopt a cohesive strategy for their region to amplify our collective impact in the global stage. Thank you.