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Saudi Minister of Energy: Green transformation requires controls

April 29, 2024

Saudi Energy Minister Prince Abdulaziz bin Salman stressed the need for the transition to green energy to be subject to practical and realistic controls, while emphasizing the world’s need for all energy sources in the coming years.

In his dialogue, the Minister of Energy focused on several points, the most important of which is that there is no ready-made recipe for transitioning to green energy that suits all countries, and he called for a flexible approach that suits the needs of each country.

The Minister stressed the Kingdom’s readiness to cooperate with all countries in transporting “particles” such as hydrogen in the form of ammonia through pipelines, while emphasizing the Kingdom’s commitment to producing hydrogen from fossil and renewable sources. Prince Abdulaziz called for “color neutrality” in the field of energy, stressing The need to take advantage of all sources, including “molecules” to meet the increasing demand for energy.

The minister urged the need for everyone to participate in environmental awareness, whether by adopting sustainable practices or supporting the transition to green energy.

Prince Abdulaziz stressed the Kingdom’s belief in the importance of synthetic methane as a clean alternative to energy, calling for opening the door to various clean energy options.

The minister revealed the Kingdom’s work with the Investment Fund and the oil and gas giant “Aramco” at the national level, and with countries such as Germany, France, and Italy at the international level. To build a possible business model for clean energy sources.

Prince Abdulaziz stressed the Kingdom’s support for the deal concluded during the COP28 climate summit in Dubai in 2023, which allows countries the freedom to choose their paths towards clean energy.

The Minister also stressed the need to solve the climate change crisis globally, taking into account the needs of developing countries that suffer from energy poverty.

In this context, the minister raised a controversial question about the source of the materials needed to manufacture electric cars, calling for global solutions to the climate change crisis.

These statements came during the Minister’s speech at the Economic Forum, which brought together world leaders in the presence of more than 1,000 participants, including 20 presidents from various countries. To discuss issues of energy, environment, entrepreneurship, artificial intelligence, digital currencies, digital cities and mental health.