Climate Change is a challenge
Innovation and technology can turn it into opportunity
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Saudi Arabia Endorses World Bank’s “Zero Routine Flaring by 2030” initiative
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The Kingdom of Saudi Arabia’s National Statement
by H.E. Khalid Al-Falih, Minister of Energy, Industry and Mineral Resources.Read more [+]
H.E. Khalid Al-Falih leads the Kingdom’s delegation to the Leaders’ Summit at the United Nations Conference on Climate Change (COP24)
(Available in Arabic only)Read more [+]
KINGDOM OF SAUDI ARABIA
NATIONAL RENEWABLE ENERGY PROGRAM (NREP)
Saudi Arabia’s National Renewable Energy Program, designed to rapidly diversify the domestic power mix and in line with National Transportation Plan and Vision 2030
The Kingdom of Saudi Arabia welcomes the successful outcome of COP24 in Katowice and will work with all Parties to the Convention and Paris Agreement to ensure a successful COP 25 here in Madrid. Saudi Arabia looks forward to completing the remaining unfinished business to fully operationalize Paris Agreement, namely, Article 6 (Cooperative Approaches).
In an historic moment in 2015, the international community was able to find and agree on critical principles that allowed us to bridge the gap between developed and developing countries. The taking into account common but differentiated responsibilities and consideration of domestic realities and priorities is critical to the enduring success of the Paris Agreement. Equally crucial to us is the principle of equity – the right of developing nations to realize their fair and understandable development aspirations.
Building on this framework of principles, we have managed to ensure that the intent of the Paris Agreement is translated into practical and effective implementation mechanisms and tools, which constituted the Katowice COP 24 decisions.
The successful completion of the Paris Agreement Work Program in COP 24 marks a new era in climate actions and assumes all parties will honor the spirit of the Paris Agreement, which allows countries to address climate change based on their individual capabilities, conditions and different stages of economic development.
Here at COP 25, we look forward to working with all parties to complete the discussion on Article 6 (cooperative approaches) of the Paris Agreement to ensure the development of country-driven and bottom up systems that are inclusive and respect all types of nationally determined contributions.
In terms of climate ambitions, it is important to remember that it is emissions that are causing the risks of climate change, not sources of energy. Therefore, it is vital that all sources of emissions from all sectors should be mitigated in order to achieve our climate ambitions. In doing so, it is equally important to address the negative social and economic impacts of response measures in all climate actions.
For Saudi Arabia, climate goals will continue to be directly related to the sustainable development of our country. We have chosen the path of economic diversification and adaptation as a way to with combine national advancement, using our capacities to achieve mitigation in the most effective way. We remain committed to maintaining our national contributions by undertaking climate policies that enable sustainable development in line with Saudi Vision 2030, the national transformation plan, and with our responsibilities as a global energy supplier.
A good example is the concept we have put forward for Circular Carbon Economy. This is a framework where emissions from all sectors, and all types of greenhouse gases, are addressed through reducing, reusing, recycling and removing emissions. This closed-loop system, much like what happens in nature, will help restore the balance of the carbon cycle. It offers a new way of addressing the challenges of sustainable development that implicitly values all options and encourages all efforts to mitigate carbon accumulation in the atmosphere while also facilitating economic growth.
Our Nationally Determined Contribution reflects our commitment to develop and commercially deploy low-emissions technologies. We are advancing Carbon Capture, Utilization and Storage technologies with the potential to make legacy fuels neutral. We are collaborating with the automotive industry to develop the ultra-efficient engine-fuels systems of the future. And we are developing a renewable energy strategy and implementing ambitious projects to make Saudi Arabia a renewable energy powerhouse.
One thing which I would like to reiterate is that the world still requires sizeable investments in all energy sources. We have a collective responsibility to ensure we do not embark on well-intentioned but poorly thought out measures that could reduce investments in proven energy sources. These proven sources play a pivotal role in fueling economies around the world and helping our populations achieve a better standard of living.
I look forward to great progress toward a more promising and greener future for all – this year in Madrid, and going forward.
Abdulaziz bin Salman bin Abdulaziz
Minister of Energy
The Kingdom of Saudi Arabia