# Energy Transition in the Middle East: Solar Strategies and National Initiatives

## Introduction

The Middle East, historically known for its vast oil reserves and petroleum-based economy, is undergoing a significant transformation in its energy landscape.

As climate change impacts become increasingly visible across the region—with rising temperatures, severe storms, flooding, and dwindling water supplies—Middle Eastern nations are pivoting toward renewable energy sources, with solar power emerging as a cornerstone of their energy transition strategies.

This report examines the key national projects, current solar capacity, government incentives, and economic and climate impacts of these transition efforts across several Middle Eastern countries.

## Saudi Arabia: Vision 2030 and Renewable Energy Expansion

### National Strategy and Projects

Saudi Arabia's energy transition is primarily driven by its Vision 2030, which aims to diversify the economy away from oil dependence.

The Kingdom has implemented more than 80 initiatives in both public and private sectors, with investments exceeding 705 billion riyals ($188 billion) to build a more sustainable future.

Key projects include:
- The Saudi Green Initiative and Middle East Green Initiative, launched by Crown Prince Mohammed bin Salman, which have gained international recognition
- Renewable energy projects that, since 2022, have added 2,100 megawatts to the national electricity grid
- An additional 8 gigawatts of renewable energy capacity currently under construction, expected to be completed by the end of 2023

### Current Solar Capacity and Targets

Saudi Arabia ranks among the top 10 countries globally with the highest potential for centralized solar energy production.

The country has made significant progress in increasing its renewable energy capacity:
- Current total renewable energy capacity: 2,800 megawatts (2.

8 gigawatts)
- This capacity can power more than 520,000 homes
- Represents a 300% increase in total capacity
- Target for energy mix by 2030: 50% natural gas and 50% renewable energy

### Government Incentives

The Saudi government has introduced several incentives to accelerate its energy transition:
- Approval of new regulations enabling the construction and provision of distributed solar energy solutions
- Investment of $200 billion in renewable energy projects domestically and in 21 other countries
- Carbon emission reduction target of 278 million tons annually by 2030

### Economic and Climate Impact

The energy transition is creating significant economic opportunities while addressing climate goals:
- The initiatives aim to replace up to one million barrels equivalent of liquid fuel currently used
- The transition supports economic diversification, creating jobs in new sectors
- Saudi Arabia maintains a balanced approach, ensuring reliable traditional energy supply during the transition period

## United Arab Emirates: Balancing Oil Expansion with Renewable Growth

### National Strategy and Projects

The UAE has established itself as a regional leader in reducing fossil fuel dependence and committing to clean energy.

Despite accelerating plans to increase oil production capacity to 5 million barrels per day by 2025, the country is simultaneously expanding its renewable energy portfolio.

Key initiatives include:
- A landmark $100 billion partnership with the US for clean energy projects, aiming to add 100 gigawatts globally by 2035
- Investment of over $50 billion in clean energy projects across six continents through Masdar, the Abu Dhabi Future Energy Company
- Projects in 27 climate-vulnerable island nations, demonstrating a commitment to global climate action

### Current Solar Capacity and Targets

The UAE has set ambitious targets for renewable energy expansion:
- Current global renewable energy capacity: 23 gigawatts
- Target for 2030: Over 100 gigawatts of global renewable energy capacity
- The country holds the sixth-largest crude oil reserves globally while pursuing aggressive renewable energy targets

### Government Incentives

The UAE government has implemented several incentives to drive the energy transition:
- Through Masdar and other UAE platforms, providing technical, project management, and funding assistance for sustainable energy projects
- Leveraging its position as a responsible energy supplier to balance traditional and renewable energy investments
- Supporting international partnerships to accelerate clean energy adoption globally

### Economic and Climate Impact

The UAE's balanced approach to energy transition yields several impacts:
- Economic diversification beyond oil, creating new industries and job opportunities
- Maintaining energy security while expanding renewable energy capacity
- Contributing to global efforts to limit temperature rise to 1.

5 degrees Celsius
- Strengthening diplomatic ties through energy partnerships, particularly with the US

## Jordan: Strategic Energy Transition

### National Strategy and Projects

Jordan has developed a comprehensive energy sector strategy for 2020-2030 that includes multiple programs and projects specifically designed to address energy challenges and transition toward clean energy.

While specific project details are limited in the provided documents, the strategy represents a clear national commitment to energy transition.

## Egypt: Regional Leadership in Renewable Energy

### National Strategy and Projects

Egypt is positioning itself as a leader in the just net-zero transition.

A significant project highlighting this commitment is the agreement with Saudi Arabia to build the largest wind power plant in the Middle East, with investments totaling $1.

5 billion.

This project demonstrates Egypt's commitment to expanding its renewable energy capacity and fostering regional cooperation on clean energy initiatives.

## Morocco: Sustainability-Driven Investments

### National Strategy and Projects

Morocco has taken concrete steps toward climate action by implementing measures adopted at previous climate summits.

The country has integrated sustainability considerations into investments across multiple sectors, demonstrating a holistic approach to energy transition and environmental protection.

## Regional Cooperation and International Partnerships

### Cross-Border Initiatives

Several regional and international partnerships are accelerating the Middle East's energy transition:
- The UAE-US partnership for $100 billion in clean energy projects
- Saudi Arabia's investments in renewable energy projects across 21 countries
- The Egypt-Saudi Arabia agreement for the Middle East's largest wind power plant
- Positive Zero's $400 million investment from BlackRock to support decentralized decarbonization solutions in the GCC region

### Focus on Climate Finance

The region is increasingly focusing on climate finance mechanisms to support energy transition:
- COP28's emphasis on mobilizing energy transitions and fixing climate finance
- The launch of the world's first fund supporting loss and damage from climate change
- Inclusion of underrepresented voices in climate discussions, including indigenous communities, youth, and women

## Challenges and Opportunities

### Balancing Act

Middle Eastern countries face the challenge of balancing traditional energy production with renewable energy expansion.

As noted by Saudi officials, the transition to clean energy "could take decades," highlighting the need for a gradual approach that maintains energy security during the transition.

### Economic Diversification

The energy transition offers significant opportunities for economic diversification:
- Reducing dependence on oil revenues
- Creating new industries and job opportunities
- Attracting international investment in clean energy technologies
- Developing expertise that can be exported globally

### Climate Leadership

Despite their historical reliance on fossil fuels, Middle Eastern countries are increasingly positioning themselves as climate leaders:
- Hosting major climate initiatives and forums
- Setting ambitious renewable energy targets
- Investing in climate-vulnerable regions
- Contributing to global efforts to limit temperature rise

## Conclusion

The Middle East's energy transition represents a significant shift in a region long defined by its oil wealth.

Countries like Saudi Arabia and the UAE are pursuing ambitious renewable energy targets while maintaining their role as reliable energy suppliers.

Through national strategies, specific projects, government incentives, and international partnerships, these nations are working to balance economic development with climate responsibility.

The transition to solar and other renewable energy sources offers Middle Eastern countries the opportunity to diversify their economies, create new jobs, and establish themselves as leaders in the global fight against climate change.

While challenges remain, particularly in balancing traditional and renewable energy sources, the progress made so far demonstrates the region's commitment to building a more sustainable energy future.

As the world continues to grapple with climate change, the Middle East's energy transition strategies offer valuable insights into how fossil fuel-producing regions can transform their energy landscapes while maintaining economic stability and contributing to global climate goals.

# Energy Transition in the Middle East: Solar Strategies and National Initiatives

## Introduction

The Middle East, historically known for its vast oil reserves and petroleum-based economy, is undergoing a significant transformation in its energy landscape.

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Arab Monetary Fund: Growing interest of Egypt and countries in the region in renewable energy
The Arab Monetary Fund (AMF) has confirmed the increasing interest of Arab countries in renewable energy with the aim of diversifying the national mix of energy sources and working to reduce harmful emissions to the environment through the adoption of clean energy technologies and the safe disposal of carbon.
In the 55th issue of its series of introduction booklets entitled “Renewable Energy ”, the Fund stated that the UAE aims to triple its renewable energy production capacity by 2030 and increase the contribution of clean energy in total energy production to 30% by 2030, reaching 38% by 2035.
He pointed out that the Arab Republic of Egypt aims in its integrated energy strategy until 2035 to reach 42% of the total electricity produced in 2035, where the current contribution of renewable energy including hydropower in the total electricity produced is about 12%.
The IMF pointed out that within the framework of Saudi Arabia ’ s National Renewable Energy Program, which is a strategic initiative launched within the Kingdom ’ s Vision 2030, and the Custodian of the Two Holy Mosques Renewable Energy Initiative, the Kingdom aims to increase its share in renewable energy production, balance the local energy mix and meet its commitments to avoid emissions.
The IMF pointed out that Oman ’ s Vision 2040 includes goals related to achieving energy security through diversifying energy sources, increasing reliance on renewable energy, and rationalizing consumption, and aims to increase the proportion of renewable energy consumption in total energy consumption to reach 20% in 2030, rising to between 35% and 39% in 2040.
Qatar National Action Plan for Climate Change 2030
According to the IMF, the Qatar National Action Plan for Climate Change 2030 stressed the importance of expanding renewable energy projects and the integration of renewable energy sources in the energy mix in Qatar is an opportunity to liberalize energy production for export, reduce the amount of oil and gas consumed in desalination and power generation, and reduce greenhouse gas emissions.
The IMF pointed out that the energy management strategy in Tunisia aims to enhance energy efficiency by reducing the national consumption of primary energy by 30%, and the development of renewable energy sources by raising the contribution of renewable energy in electricity production to 30% by 2030, while in Algeria the government ’ s action plan aims to achieve a production capacity of 15,000 GW by 2035 based on renewable energy sources, especially solar energy.
In its comprehensive energy sector strategy for the years 2020-2030, Jordan aims to increase the contribution of renewable energy to electricity generation to 31% in 2030 compared to 21% in 2020, while Morocco ’ s energy strategy aims to increase the share of renewable energies in electricity generation from 20% to more than 52% in 2030.
The IMF pointed out that the rest of the Arab countries such as Iraq, Bahrain, Libya and the United States are working to enhance their use of renewable energy sources, especially solar energy, which Arab countries rely on a lot in light of the Arab region's advantages related to the solar belt that surrounds it, which is characterized by the availability of bright sunlight and heat that extends for long periods during the year.
The Arab Monetary Fund pointed out that the global interest in expanding the use of renewable and clean energy sources, in light of the ongoing challenges related to achieving energy security that have emerged clearly globally on the one hand, and the increasing demand for energy on the other hand, in addition to the growing environmental challenges that push towards the transformation of energy systems to clean, sustainable and affordable energy.
The IMF pointed out that despite the increasing interest in renewable energy, its contribution to the global energy mix remains modest, with several challenges related to the ability of renewable energy to meet the requirements of reliability and sustainability in relation to the availability of certain weather and climate conditions such as intensity and longevity of sunlight and heat, wind speed and water flow strength.

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Content:   • The agreement marks Positive Zero’s first strategic partnership in Saudi Arabia, boosting the group’s presence and reach across the Kingdom.
  • The collaboration will support attaining Saudi Arabia’s goal of installing 40 GW of solar PV capacity in line with Vision 2030.

Riyadh, Kingdom of Saudi Arabia (KSA): Positive Zero, the leading provider of decentralized energy solutions in the GCC, and Tamimi Energy, one of Saudi Arabia’s pioneers in integrated and sustainable energy services, have announced a strategic partnership to develop and deliver solar power projects across the Kingdom of Saudi Arabia.

The collaboration was formalized with the signing of a Partnership Agreement between SirajPower, Positive Zero’s distributed power generation subsidiary, and Energy Equipment Rental Company (ENERCO), one of Saudi Arabia’s leading power solutions providers under Tamimi Energy.  The agreement establishes a flexible framework for the two parties to leverage each other’s diverse solar project capabilities, enabling them to support the rapid growth of the Saudi clean energy market.

SirajPower and ENERCO will work together by leveraging their complementary capabilities for the development and financing of commercial and industrial solar power solutions across the Kingdom of Saudi Arabia. This will include deploying human talent, equipment, technology, and other resources to the projects they secure jointly.

The partnership follows Positive Zero’s recent announcement of a landmark investment of up to $400 million from BlackRock, the world’s largest asset manager with over $9.4 trillion in assets. The investment will boost Positive Zero’s growth and innovation in the GCC region, where it offers a range of decentralized decarbonization solutions, including solar power, energy efficiency, and mobile battery storage, to support the region’s energy transition and economic diversification goals, as well as the global efforts to combat climate change.

Salah Abdullatif, Executive General Manager at Tamimi Energy Holding Company, said:

"The pace of the clean energy transformation in the Kingdom of Saudi Arabia is picking up rapidly, with the Saudi Green Initiative setting an ambitious target to increase the share of renewable energy to 50% of the primary energy mix by 2030. This is no small feat, and ENERCO, as a key subsidiary of Tamimi Energy, is ideally positioned to play a crucial role in this journey. Our collaboration with SirajPower and the Positive Zero group will perfectly complement Tamimi Energy’s capabilities and open up significant opportunities for both parties to accelerate the adoption of solar power across multiple sectors in the Kingdom."

David Auriau, Co-Founder and CEO of Positive Zero, commented on the occasion:

“The Kingdom of Saudi Arabia is about to experience a surge in demand for clean energy, and photovoltaic solar power will be the foundation for meeting this demand as the key element of the National Renewable Energy Program of Vision 2030. To support attaining the goal of installing 40 GW of photovoltaic solar power by 2030, our partnership with Tamimi Energy will bring out the best of both our groups to the Saudi market, and we could not have chosen a better partner for Positive Zero’s first strategic partnership in the Kingdom. We look forward to playing a crucial role in the transformation of the Saudi energy sector through this agreement between SirajPower and ENERCO to bid on projects and deliver them together.”

Saudi Arabia is one of the top 10 countries in the world with the highest potential for producing centralized solar energy, according to the Shell Global Energy Resources Database, with the Kingdom approving new regulations over the past 18 months to enable the construction and provision of distributed solar energy solutions to increase the contribution of distributed solar PV power to the country’s energy mix.

Positive Zero’s foundational companies have already made remarkable strides in key GCC markets. SirajPower, the company's Distributed Generation arm, leads the region with a 200 MWp portfolio of distributed solar energy, reducing over 223 thousand metric tons of carbon emissions annually - an equivalent to powering over 43,000 homes every year. Taka Solutions, operating as the company's Energy Efficiency arm, has achieved energy savings exceeding 100,000 MWh across eight sectors in the United Arab Emirates, which is equivalent to planting more than three million trees. Situated under the company’s Clean Mobility vertical, our HYPR mobile battery units, the first clean energy delivery service in the region, have provided construction sites and other off-grid locations with cheaper and cleaner power.

About Positive Zero

Positive Zero is empowering a new energy economy by enabling businesses, communities, and cities in the Middle East region to take charge of their energy future. As the leading energy transition partner for the commercial, industrial, and public sectors, Positive Zero helps businesses achieve energy savings as high as 50% by removing upfront investments and operational complexities from the onset.

Positive Zero’s decarbonization-as-a-service offering combines clean technologies with data-driven solutions in distributed solar generation (SirajPower), energy efficiency (Taka Solutions) and clean mobility (fleet electrification, charging infrastructure and HYPR Energy) that reduce cost and consumption, and carbon footprint. In addition to financing, we offer end-to-end services, which means we manage the entire process from engineering, design, installation, construction, maintenance, and monitoring so that businesses can focus on what they do best.

For more information about Positive Zero, visit our website www.positivezero.com and our social media handles on LinkedIn /positivezerohq, Twitter @positivezerohq, and Instagram @positivezerohq.

For media inquiries please contact:
Carine Bouery
Head of Marketing
cbouery@positivezero.com

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African magazine: Egypt has huge potential for renewable energy
The African magazine ESI Africa, which specializes in energy news, said that Egypt is ready to meet its 2035 wind energy target and has a huge potential for renewable energy.
The magazine added that the Egyptian government has put a number of measures in place to encourage the use of renewable energy sources.
To meet the rapidly growing demand for energy, the Egyptian government has pursued an energy diversification strategy known as the Integrated Sustainable Energy Strategy, which aims to maintain the security and stability of the country ’ s energy supply.
Of the renewable energy target of 42%, the strategy planned wind power to compensate for 12% - the rest comes from small solar and hydro projects, to achieve these goals, the country has worked to increase its capacity for wind energy rapidly.
Egypt is known to have some of the best wind power sources in the world on the eastern and western banks of the Nile, as well as in the Gulf of Suez, and with high wind speeds of up to 9-10 meters per second, and strong investments in this area, GlobalData estimates that the country should easily achieve its wind power target.
Wind power is expected to account for 12.2% of total annual generation in 2035.
Due to the climate, the country ’ s solar energy potential is also high, and the Ministry of Electricity and Renewable Energy (MoERE) has introduced a Net Metering and Nutrition (FiT) tariff, and tax incentives to boost renewable energy generation.
The African magazine ESI Africa, which specializes in energy news, said that the Egyptian government is taking concrete steps to enhance energy security and preserve the country ’ s natural resources in light of the escalating changes taking place in the world, confirming its readiness to host the World Climate Conference “COP 27 ” scheduled to be held in Sharm El-Sheikh in November this year.
In this regard, Egypt signed an agreement with Saudi Arabia to build the largest wind power plant in the Middle East, with investments of $1.5 billion.

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Content: Saudi-US Partnership On Energy ‘Key To Global Recovery,’ FM Prince Faisal Tells WEF

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By Daniel Fountain

The “strong partnership” between Saudi Arabia and the US in ensuring energy market stability will be a key factor in global economic recovery, Prince Faisal bin Farhan, the Kingdom’s foreign minister, told a panel at the World Economic Forum in Davos on Tuesday.

Discussing the global energy and cost-of-living crises, Prince Faisal also said that the Kingdom’s position on an OPEC+ decision last year to reduce oil output targets was correct, despite opposition from the US.

However, the Saudi minister said that the Kingdom still has a strong relationship with Washington, even if the two do not “always agree.”

As the world’s top oil exporter, Saudi Arabia has a responsibility to continue providing stability to oil markets, Prince Faisal said, adding that the Kingdom and US will continue to engage in dialogue to work toward that goal.

“We have a strong partnership with the US and we continue to work through that partnership,” he said. “That doesn’t mean we always agree. We sometimes disagree.”

Saudi Arabia is committed to transitioning toward a “clean energy future,” but the switch “could take decades,” he said.

Prince Faisal added that ensuring reliability in traditional forms of energy for the developing world, which is still catching up in adoption of clean energy solutions, is also essential, with Riyadh investing $200 billion locally and abroad in renewable energy projects in 21 other countries.

“In that interim period, we need to maintain a stable supply of traditional energies and one that is priced in a way that ensures that stability and that I think we have been able to do,” he said.

Prince Faisal also highlighted the success of Vision 2030 in transitioning the economy of the Kingdom away from a dependance on oil as a source of revenue for the government and as a proportion of its GDP.

He continued: “That process continues to go on, we are activating all kinds of areas of the economy. Unemployment is significantly down, labor force participation up, especially for women.”

He said that the global energy crisis has been exacerbated by the war in Ukraine, a conflict that has ramifications for the developing world “far beyond” Ukraine’s borders.

The world has to “find a pathway to end the conflict,” he said.

The Kingdom’s strong dialogue with the US is in stark contrast to its relations with Iran, but Prince Faisal told the WEF panel that Saudi Arabia had “reached out” to Tehran in an attempt to find a path to dialogue.

“Focusing on development rather than geopolitical affairs is a strong signal to Iran and others in the region that there are other paths to work together and achieve prosperity,” he said.

“Whenever there is cooperation in the region, we achieve prosperity for the peoples of the region,” he added.

Arab News

Arab News is Saudi Arabia's first English-language newspaper. It was founded in 1975 by Hisham and Mohammed Ali Hafiz. Today, it is one of 29 publications produced by Saudi Research & Publishing Company (SRPC), a subsidiary of Saudi Research & Marketing Group (SRMG).

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Economy of Jordan
Energy Ministry: Jordan committed to reducing emissions by 31% by 2030
Carbon reduction targets rise from previously announced levels of 14%
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The Planning Directorate at the Jordanian Ministry of Energy and Mineral Resources, Shurooq Abdul Ghani, said that Jordan is committed to implementing the strategic criteria of the Green Middle East Summit to meet the challenges of the effects of climate change and reduce emissions to 31% by 2030.
In an interview with Al-Arabiya, Shurooq explained that the Middle East Initiative launched by Saudi Arabia and the high level participation in this initiative confirms that climate change transcends all borders.
Participation in the initiative requires countries to adapt to the challenges and impacts of climate change.
Jordan has increased its commitment to reduce harmful emissions from 14% to 31% by 2030, reflecting the Kingdom ’ s commitment to meet its challenges.
She said that the energy sector is one of the important sectors that has a great impact in facing the effects of climate change as the shift towards renewable energy is necessary, noting that the share of renewable energy in electricity generation in Jordan reaches 25%.
“Jordan ’ s energy sector strategy for the years 2020-2030 includes a number of programs and projects aimed at addressing the challenges and the transition to clean energy, ” she added.

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UAE Accelerates Plan to Increase Its Oil Production Capacity

  • Adnoc wants to be able to pump 5 million barrels daily by 2025
  • UAE aims to cash in on oil reserves before energy transition

The United Arab Emirates has accelerated a plan to raise its oil production capacity, according to people familiar with the matter, as it tries to cash in on its crude reserves before the world transitions to cleaner energy.

Abu Dhabi National Oil Co., which pumps almost all the UAE’s oil, wants to be able to produce 5 million barrels of crude a day by 2025, according to the people. That’s sooner than a previously disclosed aim of 2030.

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Content: Leading experts on climate science will gather this week in Sharm Al Sheikh in Egypt with world leaders and officials to try and set out a road map on how to keep the warming of the planet to just 1.5 degrees Celsius — the critical pressure point to prevent irreversible and permanent damage to our climate. The stakes for success in the United Nations-led COP27 could not be higher.

Already we are seeing the devastating effects of climate change on our planet and in nations across the world. Weather events are becoming more extreme as a result of the warming of our planet from our continued use of fossil fuels and other activities and lifestyles that exacerbate the greenhouse effect the world over.

This gathering in Egypt now marks the last best chance to meet that 1.5 degree ceiling. Beyond that, rising temperatures will have severe consequences that will reduce ice caps, raise sea levels, forever change the patterns of currents in our oceans, alter our natural environment and bring about devastating impacts on our flora and fauna, as well as putting even more life at risk from severe and unpredictable weather events.

Vanguard of environmental change

For Egypt, hosting COP27 is a significant vote of confidence, recognition that its government is committed to being at the vanguard of environmental change. Holding the presidency of COP27 shows the nation’s clear recognition of the gravity of the global climate challenge, and its appreciation of the value of multilateral and collective action as the only means to address the challenge of our times.

Across the wider region, the effects of climate change are seen in searing temperatures, more severe storms, greater flooding and dwindling natural water supplies that affect food production and those engaged in agriculture.

Throughout, the UAE has continued to lead the way in reducing and diversifying from fossil fuels, development and committing to clean and green energy sources.

A few days ago, the UAE and the US reached an agreement to spend $100 billion on clean energy projects, with a goal of adding 100 gigawatts globally by 2035. Under the initiative, the UAE and the US will provide technical, project management and funding assistance for commercially and environmentally sustainable energy projects in other countries.

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It’s precisely these types of initiatives that will help nations reduce their dependence on fossil fuels, decrease their carbon footprints and help reach that 1.5 degree target essential in preventing our planet from becoming too warm too quickly.

Last year, at COP26 in Glasgow, countries agreed for the first time to “phase down” coal production and trim other fossil fuel subsidies. Voluntary side deals also touted plans to curb fossil fuel financing and to limit planet-warming methane emissions. Now, COP27 provides a vital opportunity to assess those measures — and time is of the essence.

The fallout from the conflict currently underway in Ukraine has brought a critical dimension now to the work underway at COP27. Western Europe’s gas supplies are now shown to be fragile — creating an even greater and urgent need for dependable supplies from renewable sources.

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Economy of Saudi Arabia
Saudi Arabia is a member of the Trillion Dollar Economics Club
Abdulla Alami
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We celebrate the signing by the Ministry of Finance of financing agreements with a number of local banks worth 25 billion riyals to implement some strategic infrastructure projects.
We will not be disappointed by the losses of the Gulf markets and Europe, but we are going to establish solar-powered desalination centers and work to develop our peaceful nuclear capabilities.
We have succeeded in constructing more than 40 industrial cities, and we have plans to launch 4 new economic zones, and implement 3 iron and steel projects worth 35 billion riyals with a production capacity of 6.2 million tons.
The Kingdom is also working to build Oxagon, the beating industrial heart of the beautiful city of Neom, to achieve leadership in advanced industries.
The good news is that 40% of NEOM ’ s employees are Saudi nationals.
Other positive indicators include a fourfold increase in foreign direct investment in Saudi Arabia, a rise in the balance of the Public Investment Fund, and a positive outlook for growth from non-oil sources.
At the same time, we are calmly dealing with the global political fallout and developments and addressing their implications for monetary policy.
The Cabinet ’ s recent statement on structural reforms is clear; we are determined to implement the Kingdom ’ s Vision 2030 in all its details.
We will deal wisely with the stock market decline and high inflation, which is an occasional situation experienced by all global markets.
It is important to work on developing the capabilities of the Saudi economy to overcome the challenges faced by the whole world without exception.
Last talk.
We will not be disappointed by the slowdown in oil demand, the credit rating agency “Standard & Poor ’ s ” forecasts the Kingdom ’ s GDP growth to the highest level in nearly a decade.
Saudi Arabia will also enter the trillion-dollar economy club this year in 2022, and so we are close to achieving the Vision 2030 target of $1.7 trillion.
* Quoted from the "Mal" newspaper.
Disclaimer: All published articles represent the opinion of their authors only.
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Content: ECONOMY
He said the kingdom is a model to follow.
Energy Minister: 130 GW of renewable energy in years
Albilad – Riyadh
Energy Minister Prince Abdulaziz bin Salman said the kingdom aims to add 20 gigawatts of renewable energy annually to reach 100 to 130 gigawatts of renewable energy before 2030.
His Highness added in his speech during the opening of the Smart Grid Conference 2023 in Riyadh: We are ready to export electricity to up to 150 gigawatts, whether green or hydrogen electricity, and we are determined to move in a model in various fields and one day you will see Saudi Arabia as a model to follow.
The Kingdom doubled its capacity from 700 MW last year to more than 2.2 GW, with more than 8 GW of renewable energy under construction and 13 GW in various stages of development, and plans to bid by 20 GW in 2024 and become a major source of green hydrogen globally. The path of transformation in the energy sector.
The Kingdom seeks to become one of the world ’ s leading exporters of hydrogen and electricity from low-emission sources, leveraging its capacity to produce hydrogen and generate electricity from low-emission sources at a competitive cost.
The Kingdom has the resources from renewable energy, natural gas and carbon sinks to export hydrogen and is strategically located close to the world ’ s largest demand centers.
Initiatives and investments
The Kingdom is implementing more than 80 initiatives in the public and private sectors with investments worth more than 705 billion riyals ($188 billion), to build a more sustainable future for all.
The Kingdom is on track to achieve its goal of reducing carbon emissions by 278 million tons per year by 2030.
The Kingdom aims to achieve an optimal energy mix for electricity production of approximately 50% for natural gas and 50% for renewable energy by 2030, which will replace up to 1 million barrels of liquid fuel equivalent currently in use.
Since 2022, the Kingdom has connected 2,100 megawatts of renewable energy projects to the national electricity grid, bringing the total capacity of renewable energy sources used to 2,800 megawatts (2.8 gigawatts), enough to power more than 520,000 homes.
This achievement represents a 300 per cent increase in total capacity and highlights the Kingdom ’ s continued progress in accelerating the energy transition.
By the end of the year 2023, the production capacity of renewable energy projects under construction will be more than 8 gigawatts.
In addition, a number of additional projects with a capacity of approximately 13 GW are at various stages of development.
As part of the ongoing efforts to transform the national energy mix, the Kingdom has launched a number of projects aimed at reducing dependence on liquid fuel and replacing it with gas for electricity generation. By December 2023, four high-efficiency gas-fired power plants with a total capacity of approximately 5,600 megawatts had been put into operation.
The Kingdom is also currently building high-efficiency CCS plants with a total capacity of approximately 8.4 GW.
As part of its ongoing investment in the development of future fuels, the Kingdom continues to make significant progress on the construction of the world ’ s largest green hydrogen plant in NEOM with a total investment of $8.4 billion.
The Kingdom also signed a number of bilateral agreements with a number of international companies in 2023 to cooperate in the production and export of clean and green hydrogen in the Kingdom.

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Environmental Variability Type of Economy
Abdul-Aziz Al-Jarallah
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The area of   the Kingdom was seen as geographical manifestations without delving into its composition and stock, except for the sources of oil and gas after it was discovered in economic quantities for export and sale, it is true that they are geographical manifestations and regions different in composition, but they also have many advantages, including:
- To the west of the Red Sea is about 2600 kilometers from the south of Jazan to the north of Tabuk, and includes islands and bays.
- To the west also the western highlands a mountain range from Jazan to Tabuk where agriculture, forestry and tourist resorts.
- In the middle are many plateaus, the largest of which is the plateau of Nejd, Hirat, steppes and nature reserves.
- To the east, sand dunes begin in the form of an eastern arch from the north, the great Nafud to the basin of the Empty Quarter to the south, carrying within them minerals, oases and industries.
- The easternmost Arabian Gulf with its islands and beaches with a length of 1200 km.
These environmental and geographical formations within them are bounties that man lived on this land for thousands of years, but did not invest these assets, until the initiative: Saudi Vision 2030.
This vision will not be limited to 2030, but may develop its programs to 2050 and expand investments because our reserves of energy and natural geographical formations of mountains, plateaus, solid metals, tourist environments, seas, beaches, ports and various means of transport, all confirm that the Kingdom is a huge reservoir of natural resources, if we invest in it, and seek to diversify sources of income. Through other pillars other than oil, we will enjoy an economy that is growing non-stop, and we will have a generation of young people able to manage its own affairs, not as it was previously full dependence on oil sales only, so that we reach economic decline if oil prices fall and projects stop, and also was almost full dependence on non-Saudi human resources, and the capabilities of our youth were almost disrupted. She is a professional trainer and has the ability to create and give.
Moving from "Island"
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Content: Egypt leading the way on ensuring net-zero transition is just

Rania Al-Mashat & Erik Berglof

The gap between the resources needed to achieve net-zero greenhouse gas emissions by 2050 and the resources that are available currently amounts to trillions of dollars – and is still growing. As many developing and emerging economies lose ground in the wake of the COVID-19 pandemic, public and private capital must be mobilized to accelerate mitigation and adaptation efforts. But this requires governments to produce credible plans for achieving global sustainability goals, to design and implement these policies themselves and to ensure that their strategies’ costs and benefits are fairly distributed.
Last November’s UN Climate Change Conference in Egypt, known as COP27 and dubbed the “implementation COP,” laid the groundwork for a fairer, more robust climate finance system. The conference’s “guidebook” called on the international community to advance a transformative agenda that accounts for developing countries’ national priorities and ensures equitable access to financial and technical resources. It included, in its definition of climate justice, “equitable access to quality and quantity climate financing” that considers “historical responsibility for climate change” and “supports resilient development pathways, leaving no one behind.”
With this in mind, Egypt launched its Nexus of Water, Food and Energy investment program during COP27, providing a practical and replicable model for ensuring a just net-zero transition through a concept of “country platforms.” These platforms are meant to help countries build state capacities and emphasize the importance of developing countries’ agency (or “ownership,” in aid parlance).
The Nexus of Water, Food and Energy – whose acronym NWFE, pronounced “nuafiy,” is Arabic for “fulfilling pledges” – builds on Egypt’s commitments under the 2015 Paris climate agreement and aims to attract financial support for the country’s development agenda, while accelerating climate action. The stakeholders include multilateral development banks such as the European Bank for Reconstruction and Development, the African Development Bank, the European Investment Bank and the Asian Infrastructure Investment Bank. The Nexus of Water, Food and Energy platform integrates several high-priority water, food and energy projects – all selected by the Egyptian government – worth a total of $14.7 billion. The projects seek to replace existing inefficient thermal power plants with renewable energy; enhance small farmers’ adaptation to climate risks; modernize farming practices to increase irrigation efficiency and boost crop yields; strengthen the resilience of vulnerable regions; create water desalination capacity; and establish early-warning systems.
By using innovative financing mechanisms to mobilize public funds, technical assistance and private investment, Egypt seeks to leverage its partnerships with the multilateral development banks and other development stakeholders to accelerate its climate agenda. This would support the country’s green transition and show that climate action and economic development can go hand in hand. Egypt can also rely on these partnerships to help it phase out “brown” oil, gas and mineral assets. For example, partial concessional financial support from the US will enable the country to retrain (or retire) fossil fuel workers. Yet, the most innovative instrument may be debt-for-climate swaps, whereby Egypt receives partial debt relief from, say, Germany, in exchange for commitments to reduce greenhouse gas emissions. These types of performance-linked financial instruments could provide many developing and emerging countries with an opportunity to lower their debt burden or obtain low-cost funds. By tying development assistance to progress on a common global target, such swaps could also prove to be significant in mitigating the worst effects of climate change.
As a 2018 report by the G20 Eminent Persons Group on Global Financial Governance noted, collective action through country platforms has the power to unlock public and private investment to achieve climate-resilient and sustainable development. Such investment platforms can take different forms. For example, Just Energy Transition Partnerships – first introduced during COP26 in Scotland in 2021 – aim to direct private capital toward decarbonization targets in the energy sector. Since launching in South Africa, Just Energy Transition Partnerships have also been established in Indonesia, India, Vietnam and Senegal. Egypt’s Nexus of Water, Food and Energy initiative provides a useful model for how developing and emerging countries can expedite the implementation of their national climate agendas in line with global priorities. By encouraging coordination among domestic and external stakeholders, such programs can help bridge the information gap, establish shared standards and increase the number of bankable projects.
But the platform’s success hinges on domestic agency, transparency and accountability in managing these partnerships. Most importantly, the green transition must be perceived as just in order to be sustainable. Predictability is particularly important for the poor and fairness is essential to winning long-term public support for climate measures. To achieve these goals, governments must lead on climate finance. The net-zero transition depends on it.

Title:

Content: Dubai: A first-of-its-kind conference in the region taking place in Dubai is exploring the benefits of perovskite solar cells to to enhance photovoltaic systems in the MENA region’s climate conditions.

A line-up of international researchers, scientists and specialists at the first Middle East and North Africa Solar Conference (MENA-SC) 2023, are presenting the latest scientific and technical progress of organic and organic-inorganic hybrid perovskite cells.

They are also discussing methods of testing photovoltaic solar panels to ensure their reliability and suitability for the climate and atmosphere of the MENA region, for optimal performance in different climate conditions.

Dubai Electricity and Water Authority (DEWA) is organising MENA-SC from November 15 to 18 at the Dubai World Trade Centre. The conference is the first scientific and technical conference of its kind in the region, specialising in solar energy systems.

It focuses on all areas of photovoltaics with a rich programme on PV materials and devices, future technologies, PV reliability and forecasting for performance assessment. Areas extend to system operation, concentrated solar power and grid integration, all of which are key in accelerating the green energy transformation.

Clean energy

Saeed Mohammed Al Tayer

“We strive to achieve the wise directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to consolidate Dubai’s global position in renewable and clean energy, and sustainability,” said Saeed Mohammed Al Tayer, MD and CEO of DEWA.

“The conference creates additional momentum for the renewable and clean energy sector in the MENA region.”

Al Tayer said this is through encouraging innovation, research, and development and by showcasing the latest innovations, research papers, and scientific discoveries in solar energy.

The conference is also attracting scientists, researchers, investors, and international keynote speakers to exchange knowledge, and insights, and discuss breakthrough ideas and the latest innovative technologies and solutions to accelerate the development of the solar photovoltaic systems industry, and deliver the expected Return on Investment for all stakeholders along the value chain, Al Tayer pointed out.

Read More

Perovskite and organic materials

The research papers at MENA SC focus on the most prominent scientific and technical progress of perovskite, organic, and hybrid solar cells, which are rising stars for solar cell and optoelectronic applications for their outstanding features.

The conference explores the horizons of these emerging PV technologies, which are low-cost, lightweight, flexible, and eco-friendly. They also combine efficiency and stability.

The conference is also holding discussions on organic and dye-sensitised solar cells, high-performance hybrid tandem or multijunction solar cells, PV module and system reliability in the MENA region, effects and mitigation of soiling on PV Systems and module and system reliability in the circular economy. The MENA-SC 2023 conference is held in conjunction with the 25th Water, Energy, Technology, and Environment Exhibition (WETEX) and Dubai Solar Show 2023.

DEWA at WETEX and DSS

Meanwhile, DEWA is showcasing its key projects, initiatives, and digital services at its stands at WETEX and DSS 2023.

Some of the most prominent projects being featured by DEWA include the following: The Mohammed bin Rashid Al Maktoum Solar Park, Green Hydrogen Project, Hassyan SWRO IWP Project, DEWA’s Space-D programme, Pumped-storage hydroelectric power plant in Hatta, Dubai Mountain Peak, Aquifer Storage and Recovery (ASR) project, the Green Charger initiative, Smart Grid, Rammas (DEWA’s virtual employee supported by ChatGPT) and the Duroob smart app.

Organised by DEWA under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, the events are held under the theme ‘At the Forefront of Sustainability.’

The current edition of WETEX & DSS has attracted around 2,600 companies from 62 countries. The exhibition is spread over 78,000 square metres and includes 24 international pavilions.

Title:

Content: UAE, France ink energy pact

The UAE-France CSEP focuses on enhancing energy security, energy affordability and decarbonisation, as well as progressive climate action ahead of COP28, reports Asian Lite Newsdesk

UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and French President Emmanuel Macron witnessed the signing of two agreements during a historic visit of the former to Paris on Monday.

The first is a Comprehensive Strategic Energy Partnership (CSEP) between the United Arab Emirates (UAE) and France. The second is a strategic partnership agreement between ADNOC and TotalEnergies.

The UAE-France CSEP focuses on enhancing energy security, energy affordability and decarbonisation, as well as progressive climate action ahead of COP28 (28th Session of the Conference of the Parties) which is set to take place in the UAE in 2023.

The landmark partnership builds on the strong, close and long-standing bilateral relations between both countries and leverages the UAE’s position as a responsible and reliable supplier of energy. The UAE holds the sixth-largest crude oil reserves in the world and is committed to enabling global energy security.

Through a balanced and pragmatic approach to the energy transition, the UAE is expanding its crude oil production capacity to five million barrels per day while growing its global renewable energy capacity from 23 gigawatts (GW) to over 100GW by 2030.

The UAE is also investing over $50 billion in clean energy projects in six continents, including in 27 climate vulnerable island nations, through Masdar, the Abu Dhabi Future Energy Company, as well as other UAE platforms.

The agreement was signed by Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, Bruno Le Maire, French Minister of Economy, Finance, and Industrial and Digital Sovereignty, as well as Agnès Pannier-Runacher, French Minister of Energy Transition.

The UAE is represented by the Ministry of Industry and Advanced Technology and Abu Dhabi National Oil Company (ADNOC), while France is represented by the Ministry of Economy, Finances and Industrial & Digital Sovereignty, and the Ministry of Ecological Transition.

“France is a close, long-standing strategic partner of the UAE, and this Comprehensive Strategic Energy Partnership provides a robust platform for us to work together to better deliver secure, affordable and sustainable energy required to drive economic growth and prosperity for our countries and the world,” said Dr. Al Jaber.

“The landmark agreement deepens the cooperation between our countries across the energy value chain and unlocks technology and energy solutions that are good for the climate and the economy,” he added.

UAE is adopting a low-carbon pathway to a high-growth destination and is aiming to accelerate progress on this journey as hosts of COP28. The country was the first in the region to sign and ratify the Paris Agreement, the first to commit to an economy-wide reduction in emissions and the first to announce a Net Zero by 2050 Strategic Initiative, which it is leveraging as a catalyst for low-carbon growth, new technologies, new industries, new skills and new jobs.

Business Council

UAE Industry Minister Dr. Sultan Ahmed Al Jaber and Patrick Pouyanné, Chairman and CEO of TotalEnergies have launched the UAE-France Business Council, in the presence of French and UAE presidents, on the sidelines of an official banquet held at the Palace of Versailles.

The Council, chaired by Dr. Sultan Al Jaber and Patrick Pouyanné, aims to strengthen the economic relations between the two countries in the fields of energy, transport and investment.

Driven by both private sectors, the UAE-France Business Council is a testimony to the willingness that both countries display towards the reinforcement of their economic relationship. Its aims are to promote economic exchanges, to convey the voice of the UAE and French businesses to the highest public authorities as well as to identify and implement private cross-investment projects.

The Council comprises 18 CEOs from France and the UAE, selected for their interest in strengthening economic ties between the two countries.

Council members will meet at least once a year, in the presence of their respective ambassadors, alternating between the UAE and France. The next plenary session of the Council will be held in the UAE in May or June 2023.

To set up a concrete action plan for the strengthening of the UAE-France economic relationship, the Council created three working groups dedicated to energy, industry, technology, transportation, and investment. Each working group will make clear recommendations to foster economic exchange between the UAE and France in their respective fields.

ALSO READ-MBZ invites Turkmen Prez for UAE visit

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Content: 19 °C Rabat

News
Wednesday 3 November 2021

COP26: Head of Government Holds Talks with Emirati Minister of Industry and Advanced Technology

The Head of Government Aziz Akhannouch on Tuesday held talks with the Emirati minister of Industry and Advanced Technology, Sultan bin Ahmad Al Jaber, on the sidelines of the 26th United Nations Conference of the Parties on Climate Change (COP26).

In a statement to the press following the meeting, the Emirati minister said that the two countries are working together to strengthen cooperation in the fields of energy, renewable energy and climate action.

He also expressed his "pride in the historical, strategic and fraternal ties that unite the United Arab Emirates and the Kingdom of Morocco."

For his part, Akhannouch welcomed the role played by the United Arab Emirates in the energy transition worldwide, through its multiple investments in the field of renewable energy.

He also said that the speech of HM King Mohammed VI sent to the COP 26 is of major importance as it emphasizes the need to act, a step that Morocco has already taken by contributing to global climate action and implementing national measures that were adopted at the previous climate summits.

It is in this perspective that investments in many sectors in Morocco take into account the issue of sustainability, he pointed out.

MAP 02 November 2021

As climate change impacts become increasingly visible across the region—with rising temperatures, severe storms, flooding, and dwindling water supplies—Middle Eastern nations are pivoting toward renewable energy sources, with solar power emerging as a cornerstone of their energy transition strategies.

Title:

Content: Chairman of the Board of Directors and Editors
I'm sorry.
Mohamad Elbaz
Editor-in-Chief
Wael Lotfy
Chairman of the Board of Directors and Editors
I'm sorry.
Mohamad Elbaz
Editor-in-Chief
Wael Lotfy
African magazine: Egypt has huge potential for renewable energy
The African magazine ESI Africa, which specializes in energy news, said that Egypt is ready to meet its 2035 wind energy target and has a huge potential for renewable energy.
The magazine added that the Egyptian government has put a number of measures in place to encourage the use of renewable energy sources.
To meet the rapidly growing demand for energy, the Egyptian government has pursued an energy diversification strategy known as the Integrated Sustainable Energy Strategy, which aims to maintain the security and stability of the country ’ s energy supply.
Of the renewable energy target of 42%, the strategy planned wind power to compensate for 12% - the rest comes from small solar and hydro projects, to achieve these goals, the country has worked to increase its capacity for wind energy rapidly.
Egypt is known to have some of the best wind power sources in the world on the eastern and western banks of the Nile, as well as in the Gulf of Suez, and with high wind speeds of up to 9-10 meters per second, and strong investments in this area, GlobalData estimates that the country should easily achieve its wind power target.
Wind power is expected to account for 12.2% of total annual generation in 2035.
Due to the climate, the country ’ s solar energy potential is also high, and the Ministry of Electricity and Renewable Energy (MoERE) has introduced a Net Metering and Nutrition (FiT) tariff, and tax incentives to boost renewable energy generation.
The African magazine ESI Africa, which specializes in energy news, said that the Egyptian government is taking concrete steps to enhance energy security and preserve the country ’ s natural resources in light of the escalating changes taking place in the world, confirming its readiness to host the World Climate Conference “COP 27 ” scheduled to be held in Sharm El-Sheikh in November this year.
In this regard, Egypt signed an agreement with Saudi Arabia to build the largest wind power plant in the Middle East, with investments of $1.5 billion.

Title:

Content: Saudi-US Partnership On Energy ‘Key To Global Recovery,’ FM Prince Faisal Tells WEF

By

By Daniel Fountain

The “strong partnership” between Saudi Arabia and the US in ensuring energy market stability will be a key factor in global economic recovery, Prince Faisal bin Farhan, the Kingdom’s foreign minister, told a panel at the World Economic Forum in Davos on Tuesday.

Discussing the global energy and cost-of-living crises, Prince Faisal also said that the Kingdom’s position on an OPEC+ decision last year to reduce oil output targets was correct, despite opposition from the US.

However, the Saudi minister said that the Kingdom still has a strong relationship with Washington, even if the two do not “always agree.”

As the world’s top oil exporter, Saudi Arabia has a responsibility to continue providing stability to oil markets, Prince Faisal said, adding that the Kingdom and US will continue to engage in dialogue to work toward that goal.

“We have a strong partnership with the US and we continue to work through that partnership,” he said. “That doesn’t mean we always agree. We sometimes disagree.”

Saudi Arabia is committed to transitioning toward a “clean energy future,” but the switch “could take decades,” he said.

Prince Faisal added that ensuring reliability in traditional forms of energy for the developing world, which is still catching up in adoption of clean energy solutions, is also essential, with Riyadh investing $200 billion locally and abroad in renewable energy projects in 21 other countries.

“In that interim period, we need to maintain a stable supply of traditional energies and one that is priced in a way that ensures that stability and that I think we have been able to do,” he said.

Prince Faisal also highlighted the success of Vision 2030 in transitioning the economy of the Kingdom away from a dependance on oil as a source of revenue for the government and as a proportion of its GDP.

He continued: “That process continues to go on, we are activating all kinds of areas of the economy. Unemployment is significantly down, labor force participation up, especially for women.”

He said that the global energy crisis has been exacerbated by the war in Ukraine, a conflict that has ramifications for the developing world “far beyond” Ukraine’s borders.

The world has to “find a pathway to end the conflict,” he said.

The Kingdom’s strong dialogue with the US is in stark contrast to its relations with Iran, but Prince Faisal told the WEF panel that Saudi Arabia had “reached out” to Tehran in an attempt to find a path to dialogue.

“Focusing on development rather than geopolitical affairs is a strong signal to Iran and others in the region that there are other paths to work together and achieve prosperity,” he said.

“Whenever there is cooperation in the region, we achieve prosperity for the peoples of the region,” he added.

Arab News

Arab News is Saudi Arabia's first English-language newspaper. It was founded in 1975 by Hisham and Mohammed Ali Hafiz. Today, it is one of 29 publications produced by Saudi Research & Publishing Company (SRPC), a subsidiary of Saudi Research & Marketing Group (SRMG).

Title:

Content: ...
...
...
...
Economy of Jordan
Energy Ministry: Jordan committed to reducing emissions by 31% by 2030
Carbon reduction targets rise from previously announced levels of 14%
Posted in: Last Updated:
The Planning Directorate at the Jordanian Ministry of Energy and Mineral Resources, Shurooq Abdul Ghani, said that Jordan is committed to implementing the strategic criteria of the Green Middle East Summit to meet the challenges of the effects of climate change and reduce emissions to 31% by 2030.
In an interview with Al-Arabiya, Shurooq explained that the Middle East Initiative launched by Saudi Arabia and the high level participation in this initiative confirms that climate change transcends all borders.
Participation in the initiative requires countries to adapt to the challenges and impacts of climate change.
Jordan has increased its commitment to reduce harmful emissions from 14% to 31% by 2030, reflecting the Kingdom ’ s commitment to meet its challenges.
She said that the energy sector is one of the important sectors that has a great impact in facing the effects of climate change as the shift towards renewable energy is necessary, noting that the share of renewable energy in electricity generation in Jordan reaches 25%.
“Jordan ’ s energy sector strategy for the years 2020-2030 includes a number of programs and projects aimed at addressing the challenges and the transition to clean energy, ” she added.

Title:

Content: Leading experts on climate science will gather this week in Sharm Al Sheikh in Egypt with world leaders and officials to try and set out a road map on how to keep the warming of the planet to just 1.5 degrees Celsius — the critical pressure point to prevent irreversible and permanent damage to our climate. The stakes for success in the United Nations-led COP27 could not be higher.

Already we are seeing the devastating effects of climate change on our planet and in nations across the world. Weather events are becoming more extreme as a result of the warming of our planet from our continued use of fossil fuels and other activities and lifestyles that exacerbate the greenhouse effect the world over.

This gathering in Egypt now marks the last best chance to meet that 1.5 degree ceiling. Beyond that, rising temperatures will have severe consequences that will reduce ice caps, raise sea levels, forever change the patterns of currents in our oceans, alter our natural environment and bring about devastating impacts on our flora and fauna, as well as putting even more life at risk from severe and unpredictable weather events.

Vanguard of environmental change

For Egypt, hosting COP27 is a significant vote of confidence, recognition that its government is committed to being at the vanguard of environmental change. Holding the presidency of COP27 shows the nation’s clear recognition of the gravity of the global climate challenge, and its appreciation of the value of multilateral and collective action as the only means to address the challenge of our times.

Across the wider region, the effects of climate change are seen in searing temperatures, more severe storms, greater flooding and dwindling natural water supplies that affect food production and those engaged in agriculture.

Throughout, the UAE has continued to lead the way in reducing and diversifying from fossil fuels, development and committing to clean and green energy sources.

A few days ago, the UAE and the US reached an agreement to spend $100 billion on clean energy projects, with a goal of adding 100 gigawatts globally by 2035. Under the initiative, the UAE and the US will provide technical, project management and funding assistance for commercially and environmentally sustainable energy projects in other countries.

Read more

It’s precisely these types of initiatives that will help nations reduce their dependence on fossil fuels, decrease their carbon footprints and help reach that 1.5 degree target essential in preventing our planet from becoming too warm too quickly.

Last year, at COP26 in Glasgow, countries agreed for the first time to “phase down” coal production and trim other fossil fuel subsidies. Voluntary side deals also touted plans to curb fossil fuel financing and to limit planet-warming methane emissions. Now, COP27 provides a vital opportunity to assess those measures — and time is of the essence.

The fallout from the conflict currently underway in Ukraine has brought a critical dimension now to the work underway at COP27. Western Europe’s gas supplies are now shown to be fragile — creating an even greater and urgent need for dependable supplies from renewable sources.

Title:

Content: 19 °C Rabat

News
Wednesday 3 November 2021

COP26: Head of Government Holds Talks with Emirati Minister of Industry and Advanced Technology

The Head of Government Aziz Akhannouch on Tuesday held talks with the Emirati minister of Industry and Advanced Technology, Sultan bin Ahmad Al Jaber, on the sidelines of the 26th United Nations Conference of the Parties on Climate Change (COP26).

In a statement to the press following the meeting, the Emirati minister said that the two countries are working together to strengthen cooperation in the fields of energy, renewable energy and climate action.

He also expressed his "pride in the historical, strategic and fraternal ties that unite the United Arab Emirates and the Kingdom of Morocco."

For his part, Akhannouch welcomed the role played by the United Arab Emirates in the energy transition worldwide, through its multiple investments in the field of renewable energy.

He also said that the speech of HM King Mohammed VI sent to the COP 26 is of major importance as it emphasizes the need to act, a step that Morocco has already taken by contributing to global climate action and implementing national measures that were adopted at the previous climate summits.

It is in this perspective that investments in many sectors in Morocco take into account the issue of sustainability, he pointed out.

MAP 02 November 2021

This report examines the key national projects, current solar capacity, government incentives, and economic and climate impacts of these transition efforts across several Middle Eastern countries.

Title:

Content: Chairman of the Board of Directors and Editors
I'm sorry.
Mohamad Elbaz
Editor-in-Chief
Wael Lotfy
Chairman of the Board of Directors and Editors
I'm sorry.
Mohamad Elbaz
Editor-in-Chief
Wael Lotfy
African magazine: Egypt has huge potential for renewable energy
The African magazine ESI Africa, which specializes in energy news, said that Egypt is ready to meet its 2035 wind energy target and has a huge potential for renewable energy.
The magazine added that the Egyptian government has put a number of measures in place to encourage the use of renewable energy sources.
To meet the rapidly growing demand for energy, the Egyptian government has pursued an energy diversification strategy known as the Integrated Sustainable Energy Strategy, which aims to maintain the security and stability of the country ’ s energy supply.
Of the renewable energy target of 42%, the strategy planned wind power to compensate for 12% - the rest comes from small solar and hydro projects, to achieve these goals, the country has worked to increase its capacity for wind energy rapidly.
Egypt is known to have some of the best wind power sources in the world on the eastern and western banks of the Nile, as well as in the Gulf of Suez, and with high wind speeds of up to 9-10 meters per second, and strong investments in this area, GlobalData estimates that the country should easily achieve its wind power target.
Wind power is expected to account for 12.2% of total annual generation in 2035.
Due to the climate, the country ’ s solar energy potential is also high, and the Ministry of Electricity and Renewable Energy (MoERE) has introduced a Net Metering and Nutrition (FiT) tariff, and tax incentives to boost renewable energy generation.
The African magazine ESI Africa, which specializes in energy news, said that the Egyptian government is taking concrete steps to enhance energy security and preserve the country ’ s natural resources in light of the escalating changes taking place in the world, confirming its readiness to host the World Climate Conference “COP 27 ” scheduled to be held in Sharm El-Sheikh in November this year.
In this regard, Egypt signed an agreement with Saudi Arabia to build the largest wind power plant in the Middle East, with investments of $1.5 billion.

Title:

Content: Saudi-US Partnership On Energy ‘Key To Global Recovery,’ FM Prince Faisal Tells WEF

By

By Daniel Fountain

The “strong partnership” between Saudi Arabia and the US in ensuring energy market stability will be a key factor in global economic recovery, Prince Faisal bin Farhan, the Kingdom’s foreign minister, told a panel at the World Economic Forum in Davos on Tuesday.

Discussing the global energy and cost-of-living crises, Prince Faisal also said that the Kingdom’s position on an OPEC+ decision last year to reduce oil output targets was correct, despite opposition from the US.

However, the Saudi minister said that the Kingdom still has a strong relationship with Washington, even if the two do not “always agree.”

As the world’s top oil exporter, Saudi Arabia has a responsibility to continue providing stability to oil markets, Prince Faisal said, adding that the Kingdom and US will continue to engage in dialogue to work toward that goal.

“We have a strong partnership with the US and we continue to work through that partnership,” he said. “That doesn’t mean we always agree. We sometimes disagree.”

Saudi Arabia is committed to transitioning toward a “clean energy future,” but the switch “could take decades,” he said.

Prince Faisal added that ensuring reliability in traditional forms of energy for the developing world, which is still catching up in adoption of clean energy solutions, is also essential, with Riyadh investing $200 billion locally and abroad in renewable energy projects in 21 other countries.

“In that interim period, we need to maintain a stable supply of traditional energies and one that is priced in a way that ensures that stability and that I think we have been able to do,” he said.

Prince Faisal also highlighted the success of Vision 2030 in transitioning the economy of the Kingdom away from a dependance on oil as a source of revenue for the government and as a proportion of its GDP.

He continued: “That process continues to go on, we are activating all kinds of areas of the economy. Unemployment is significantly down, labor force participation up, especially for women.”

He said that the global energy crisis has been exacerbated by the war in Ukraine, a conflict that has ramifications for the developing world “far beyond” Ukraine’s borders.

The world has to “find a pathway to end the conflict,” he said.

The Kingdom’s strong dialogue with the US is in stark contrast to its relations with Iran, but Prince Faisal told the WEF panel that Saudi Arabia had “reached out” to Tehran in an attempt to find a path to dialogue.

“Focusing on development rather than geopolitical affairs is a strong signal to Iran and others in the region that there are other paths to work together and achieve prosperity,” he said.

“Whenever there is cooperation in the region, we achieve prosperity for the peoples of the region,” he added.

Arab News

Arab News is Saudi Arabia's first English-language newspaper. It was founded in 1975 by Hisham and Mohammed Ali Hafiz. Today, it is one of 29 publications produced by Saudi Research & Publishing Company (SRPC), a subsidiary of Saudi Research & Marketing Group (SRMG).

Title:

Content: 19 °C Rabat

News
Wednesday 3 November 2021

COP26: Head of Government Holds Talks with Emirati Minister of Industry and Advanced Technology

The Head of Government Aziz Akhannouch on Tuesday held talks with the Emirati minister of Industry and Advanced Technology, Sultan bin Ahmad Al Jaber, on the sidelines of the 26th United Nations Conference of the Parties on Climate Change (COP26).

In a statement to the press following the meeting, the Emirati minister said that the two countries are working together to strengthen cooperation in the fields of energy, renewable energy and climate action.

He also expressed his "pride in the historical, strategic and fraternal ties that unite the United Arab Emirates and the Kingdom of Morocco."

For his part, Akhannouch welcomed the role played by the United Arab Emirates in the energy transition worldwide, through its multiple investments in the field of renewable energy.

He also said that the speech of HM King Mohammed VI sent to the COP 26 is of major importance as it emphasizes the need to act, a step that Morocco has already taken by contributing to global climate action and implementing national measures that were adopted at the previous climate summits.

It is in this perspective that investments in many sectors in Morocco take into account the issue of sustainability, he pointed out.

MAP 02 November 2021

## Saudi Arabia: Vision 2030 and Renewable Energy Expansion

### National Strategy and Projects

Saudi Arabia's energy transition is primarily driven by its Vision 2030, which aims to diversify the economy away from oil dependence.

Title:

Content: Saudi-US Partnership On Energy ‘Key To Global Recovery,’ FM Prince Faisal Tells WEF

By

By Daniel Fountain

The “strong partnership” between Saudi Arabia and the US in ensuring energy market stability will be a key factor in global economic recovery, Prince Faisal bin Farhan, the Kingdom’s foreign minister, told a panel at the World Economic Forum in Davos on Tuesday.

Discussing the global energy and cost-of-living crises, Prince Faisal also said that the Kingdom’s position on an OPEC+ decision last year to reduce oil output targets was correct, despite opposition from the US.

However, the Saudi minister said that the Kingdom still has a strong relationship with Washington, even if the two do not “always agree.”

As the world’s top oil exporter, Saudi Arabia has a responsibility to continue providing stability to oil markets, Prince Faisal said, adding that the Kingdom and US will continue to engage in dialogue to work toward that goal.

“We have a strong partnership with the US and we continue to work through that partnership,” he said. “That doesn’t mean we always agree. We sometimes disagree.”

Saudi Arabia is committed to transitioning toward a “clean energy future,” but the switch “could take decades,” he said.

Prince Faisal added that ensuring reliability in traditional forms of energy for the developing world, which is still catching up in adoption of clean energy solutions, is also essential, with Riyadh investing $200 billion locally and abroad in renewable energy projects in 21 other countries.

“In that interim period, we need to maintain a stable supply of traditional energies and one that is priced in a way that ensures that stability and that I think we have been able to do,” he said.

Prince Faisal also highlighted the success of Vision 2030 in transitioning the economy of the Kingdom away from a dependance on oil as a source of revenue for the government and as a proportion of its GDP.

He continued: “That process continues to go on, we are activating all kinds of areas of the economy. Unemployment is significantly down, labor force participation up, especially for women.”

He said that the global energy crisis has been exacerbated by the war in Ukraine, a conflict that has ramifications for the developing world “far beyond” Ukraine’s borders.

The world has to “find a pathway to end the conflict,” he said.

The Kingdom’s strong dialogue with the US is in stark contrast to its relations with Iran, but Prince Faisal told the WEF panel that Saudi Arabia had “reached out” to Tehran in an attempt to find a path to dialogue.

“Focusing on development rather than geopolitical affairs is a strong signal to Iran and others in the region that there are other paths to work together and achieve prosperity,” he said.

“Whenever there is cooperation in the region, we achieve prosperity for the peoples of the region,” he added.

Arab News

Arab News is Saudi Arabia's first English-language newspaper. It was founded in 1975 by Hisham and Mohammed Ali Hafiz. Today, it is one of 29 publications produced by Saudi Research & Publishing Company (SRPC), a subsidiary of Saudi Research & Marketing Group (SRMG).

Title:

Content: ...
...
...
...
Economy of Jordan
Energy Ministry: Jordan committed to reducing emissions by 31% by 2030
Carbon reduction targets rise from previously announced levels of 14%
Posted in: Last Updated:
The Planning Directorate at the Jordanian Ministry of Energy and Mineral Resources, Shurooq Abdul Ghani, said that Jordan is committed to implementing the strategic criteria of the Green Middle East Summit to meet the challenges of the effects of climate change and reduce emissions to 31% by 2030.
In an interview with Al-Arabiya, Shurooq explained that the Middle East Initiative launched by Saudi Arabia and the high level participation in this initiative confirms that climate change transcends all borders.
Participation in the initiative requires countries to adapt to the challenges and impacts of climate change.
Jordan has increased its commitment to reduce harmful emissions from 14% to 31% by 2030, reflecting the Kingdom ’ s commitment to meet its challenges.
She said that the energy sector is one of the important sectors that has a great impact in facing the effects of climate change as the shift towards renewable energy is necessary, noting that the share of renewable energy in electricity generation in Jordan reaches 25%.
“Jordan ’ s energy sector strategy for the years 2020-2030 includes a number of programs and projects aimed at addressing the challenges and the transition to clean energy, ” she added.

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Environmental Variability Type of Economy
Abdul-Aziz Al-Jarallah
Posted in: Last Updated:
The area of   the Kingdom was seen as geographical manifestations without delving into its composition and stock, except for the sources of oil and gas after it was discovered in economic quantities for export and sale, it is true that they are geographical manifestations and regions different in composition, but they also have many advantages, including:
- To the west of the Red Sea is about 2600 kilometers from the south of Jazan to the north of Tabuk, and includes islands and bays.
- To the west also the western highlands a mountain range from Jazan to Tabuk where agriculture, forestry and tourist resorts.
- In the middle are many plateaus, the largest of which is the plateau of Nejd, Hirat, steppes and nature reserves.
- To the east, sand dunes begin in the form of an eastern arch from the north, the great Nafud to the basin of the Empty Quarter to the south, carrying within them minerals, oases and industries.
- The easternmost Arabian Gulf with its islands and beaches with a length of 1200 km.
These environmental and geographical formations within them are bounties that man lived on this land for thousands of years, but did not invest these assets, until the initiative: Saudi Vision 2030.
This vision will not be limited to 2030, but may develop its programs to 2050 and expand investments because our reserves of energy and natural geographical formations of mountains, plateaus, solid metals, tourist environments, seas, beaches, ports and various means of transport, all confirm that the Kingdom is a huge reservoir of natural resources, if we invest in it, and seek to diversify sources of income. Through other pillars other than oil, we will enjoy an economy that is growing non-stop, and we will have a generation of young people able to manage its own affairs, not as it was previously full dependence on oil sales only, so that we reach economic decline if oil prices fall and projects stop, and also was almost full dependence on non-Saudi human resources, and the capabilities of our youth were almost disrupted. She is a professional trainer and has the ability to create and give.
Moving from "Island"
Disclaimer: All published articles represent the opinion of their authors only.

The Kingdom has implemented more than 80 initiatives in both public and private sectors, with investments exceeding 705 billion riyals ($188 billion) to build a more sustainable future.

Title:

Content: Leading experts on climate science will gather this week in Sharm Al Sheikh in Egypt with world leaders and officials to try and set out a road map on how to keep the warming of the planet to just 1.5 degrees Celsius — the critical pressure point to prevent irreversible and permanent damage to our climate. The stakes for success in the United Nations-led COP27 could not be higher.

Already we are seeing the devastating effects of climate change on our planet and in nations across the world. Weather events are becoming more extreme as a result of the warming of our planet from our continued use of fossil fuels and other activities and lifestyles that exacerbate the greenhouse effect the world over.

This gathering in Egypt now marks the last best chance to meet that 1.5 degree ceiling. Beyond that, rising temperatures will have severe consequences that will reduce ice caps, raise sea levels, forever change the patterns of currents in our oceans, alter our natural environment and bring about devastating impacts on our flora and fauna, as well as putting even more life at risk from severe and unpredictable weather events.

Vanguard of environmental change

For Egypt, hosting COP27 is a significant vote of confidence, recognition that its government is committed to being at the vanguard of environmental change. Holding the presidency of COP27 shows the nation’s clear recognition of the gravity of the global climate challenge, and its appreciation of the value of multilateral and collective action as the only means to address the challenge of our times.

Across the wider region, the effects of climate change are seen in searing temperatures, more severe storms, greater flooding and dwindling natural water supplies that affect food production and those engaged in agriculture.

Throughout, the UAE has continued to lead the way in reducing and diversifying from fossil fuels, development and committing to clean and green energy sources.

A few days ago, the UAE and the US reached an agreement to spend $100 billion on clean energy projects, with a goal of adding 100 gigawatts globally by 2035. Under the initiative, the UAE and the US will provide technical, project management and funding assistance for commercially and environmentally sustainable energy projects in other countries.

Read more

It’s precisely these types of initiatives that will help nations reduce their dependence on fossil fuels, decrease their carbon footprints and help reach that 1.5 degree target essential in preventing our planet from becoming too warm too quickly.

Last year, at COP26 in Glasgow, countries agreed for the first time to “phase down” coal production and trim other fossil fuel subsidies. Voluntary side deals also touted plans to curb fossil fuel financing and to limit planet-warming methane emissions. Now, COP27 provides a vital opportunity to assess those measures — and time is of the essence.

The fallout from the conflict currently underway in Ukraine has brought a critical dimension now to the work underway at COP27. Western Europe’s gas supplies are now shown to be fragile — creating an even greater and urgent need for dependable supplies from renewable sources.

Key projects include:
- The Saudi Green Initiative and Middle East Green Initiative, launched by Crown Prince Mohammed bin Salman, which have gained international recognition
- Renewable energy projects that, since 2022, have added 2,100 megawatts to the national electricity grid
- An additional 8 gigawatts of renewable energy capacity currently under construction, expected to be completed by the end of 2023

### Current Solar Capacity and Targets

Saudi Arabia ranks among the top 10 countries globally with the highest potential for centralized solar energy production.

The country has made significant progress in increasing its renewable energy capacity:
- Current total renewable energy capacity: 2,800 megawatts (2.

8 gigawatts)
- This capacity can power more than 520,000 homes
- Represents a 300% increase in total capacity
- Target for energy mix by 2030: 50% natural gas and 50% renewable energy

### Government Incentives

The Saudi government has introduced several incentives to accelerate its energy transition:
- Approval of new regulations enabling the construction and provision of distributed solar energy solutions
- Investment of $200 billion in renewable energy projects domestically and in 21 other countries
- Carbon emission reduction target of 278 million tons annually by 2030

### Economic and Climate Impact

The energy transition is creating significant economic opportunities while addressing climate goals:
- The initiatives aim to replace up to one million barrels equivalent of liquid fuel currently used
- The transition supports economic diversification, creating jobs in new sectors
- Saudi Arabia maintains a balanced approach, ensuring reliable traditional energy supply during the transition period

## United Arab Emirates: Balancing Oil Expansion with Renewable Growth

### National Strategy and Projects

The UAE has established itself as a regional leader in reducing fossil fuel dependence and committing to clean energy.

Title:

Content: Leading experts on climate science will gather this week in Sharm Al Sheikh in Egypt with world leaders and officials to try and set out a road map on how to keep the warming of the planet to just 1.5 degrees Celsius — the critical pressure point to prevent irreversible and permanent damage to our climate. The stakes for success in the United Nations-led COP27 could not be higher.

Already we are seeing the devastating effects of climate change on our planet and in nations across the world. Weather events are becoming more extreme as a result of the warming of our planet from our continued use of fossil fuels and other activities and lifestyles that exacerbate the greenhouse effect the world over.

This gathering in Egypt now marks the last best chance to meet that 1.5 degree ceiling. Beyond that, rising temperatures will have severe consequences that will reduce ice caps, raise sea levels, forever change the patterns of currents in our oceans, alter our natural environment and bring about devastating impacts on our flora and fauna, as well as putting even more life at risk from severe and unpredictable weather events.

Vanguard of environmental change

For Egypt, hosting COP27 is a significant vote of confidence, recognition that its government is committed to being at the vanguard of environmental change. Holding the presidency of COP27 shows the nation’s clear recognition of the gravity of the global climate challenge, and its appreciation of the value of multilateral and collective action as the only means to address the challenge of our times.

Across the wider region, the effects of climate change are seen in searing temperatures, more severe storms, greater flooding and dwindling natural water supplies that affect food production and those engaged in agriculture.

Throughout, the UAE has continued to lead the way in reducing and diversifying from fossil fuels, development and committing to clean and green energy sources.

A few days ago, the UAE and the US reached an agreement to spend $100 billion on clean energy projects, with a goal of adding 100 gigawatts globally by 2035. Under the initiative, the UAE and the US will provide technical, project management and funding assistance for commercially and environmentally sustainable energy projects in other countries.

Read more

It’s precisely these types of initiatives that will help nations reduce their dependence on fossil fuels, decrease their carbon footprints and help reach that 1.5 degree target essential in preventing our planet from becoming too warm too quickly.

Last year, at COP26 in Glasgow, countries agreed for the first time to “phase down” coal production and trim other fossil fuel subsidies. Voluntary side deals also touted plans to curb fossil fuel financing and to limit planet-warming methane emissions. Now, COP27 provides a vital opportunity to assess those measures — and time is of the essence.

The fallout from the conflict currently underway in Ukraine has brought a critical dimension now to the work underway at COP27. Western Europe’s gas supplies are now shown to be fragile — creating an even greater and urgent need for dependable supplies from renewable sources.

Despite accelerating plans to increase oil production capacity to 5 million barrels per day by 2025, the country is simultaneously expanding its renewable energy portfolio.

Title:

Content: Skip to content

UAE Accelerates Plan to Increase Its Oil Production Capacity

  • Adnoc wants to be able to pump 5 million barrels daily by 2025
  • UAE aims to cash in on oil reserves before energy transition

The United Arab Emirates has accelerated a plan to raise its oil production capacity, according to people familiar with the matter, as it tries to cash in on its crude reserves before the world transitions to cleaner energy.

Abu Dhabi National Oil Co., which pumps almost all the UAE’s oil, wants to be able to produce 5 million barrels of crude a day by 2025, according to the people. That’s sooner than a previously disclosed aim of 2030.

Key initiatives include:
- A landmark $100 billion partnership with the US for clean energy projects, aiming to add 100 gigawatts globally by 2035
- Investment of over $50 billion in clean energy projects across six continents through Masdar, the Abu Dhabi Future Energy Company
- Projects in 27 climate-vulnerable island nations, demonstrating a commitment to global climate action

### Current Solar Capacity and Targets

The UAE has set ambitious targets for renewable energy expansion:
- Current global renewable energy capacity: 23 gigawatts
- Target for 2030: Over 100 gigawatts of global renewable energy capacity
- The country holds the sixth-largest crude oil reserves globally while pursuing aggressive renewable energy targets

### Government Incentives

The UAE government has implemented several incentives to drive the energy transition:
- Through Masdar and other UAE platforms, providing technical, project management, and funding assistance for sustainable energy projects
- Leveraging its position as a responsible energy supplier to balance traditional and renewable energy investments
- Supporting international partnerships to accelerate clean energy adoption globally

### Economic and Climate Impact

The UAE's balanced approach to energy transition yields several impacts:
- Economic diversification beyond oil, creating new industries and job opportunities
- Maintaining energy security while expanding renewable energy capacity
- Contributing to global efforts to limit temperature rise to 1.

Title:

Content: Chairman of the Board of Directors and Editors
I'm sorry.
Mohamad Elbaz
Editor-in-Chief
Wael Lotfy
Chairman of the Board of Directors and Editors
I'm sorry.
Mohamad Elbaz
Editor-in-Chief
Wael Lotfy
African magazine: Egypt has huge potential for renewable energy
The African magazine ESI Africa, which specializes in energy news, said that Egypt is ready to meet its 2035 wind energy target and has a huge potential for renewable energy.
The magazine added that the Egyptian government has put a number of measures in place to encourage the use of renewable energy sources.
To meet the rapidly growing demand for energy, the Egyptian government has pursued an energy diversification strategy known as the Integrated Sustainable Energy Strategy, which aims to maintain the security and stability of the country ’ s energy supply.
Of the renewable energy target of 42%, the strategy planned wind power to compensate for 12% - the rest comes from small solar and hydro projects, to achieve these goals, the country has worked to increase its capacity for wind energy rapidly.
Egypt is known to have some of the best wind power sources in the world on the eastern and western banks of the Nile, as well as in the Gulf of Suez, and with high wind speeds of up to 9-10 meters per second, and strong investments in this area, GlobalData estimates that the country should easily achieve its wind power target.
Wind power is expected to account for 12.2% of total annual generation in 2035.
Due to the climate, the country ’ s solar energy potential is also high, and the Ministry of Electricity and Renewable Energy (MoERE) has introduced a Net Metering and Nutrition (FiT) tariff, and tax incentives to boost renewable energy generation.
The African magazine ESI Africa, which specializes in energy news, said that the Egyptian government is taking concrete steps to enhance energy security and preserve the country ’ s natural resources in light of the escalating changes taking place in the world, confirming its readiness to host the World Climate Conference “COP 27 ” scheduled to be held in Sharm El-Sheikh in November this year.
In this regard, Egypt signed an agreement with Saudi Arabia to build the largest wind power plant in the Middle East, with investments of $1.5 billion.

Title:

Content: Saudi-US Partnership On Energy ‘Key To Global Recovery,’ FM Prince Faisal Tells WEF

By

By Daniel Fountain

The “strong partnership” between Saudi Arabia and the US in ensuring energy market stability will be a key factor in global economic recovery, Prince Faisal bin Farhan, the Kingdom’s foreign minister, told a panel at the World Economic Forum in Davos on Tuesday.

Discussing the global energy and cost-of-living crises, Prince Faisal also said that the Kingdom’s position on an OPEC+ decision last year to reduce oil output targets was correct, despite opposition from the US.

However, the Saudi minister said that the Kingdom still has a strong relationship with Washington, even if the two do not “always agree.”

As the world’s top oil exporter, Saudi Arabia has a responsibility to continue providing stability to oil markets, Prince Faisal said, adding that the Kingdom and US will continue to engage in dialogue to work toward that goal.

“We have a strong partnership with the US and we continue to work through that partnership,” he said. “That doesn’t mean we always agree. We sometimes disagree.”

Saudi Arabia is committed to transitioning toward a “clean energy future,” but the switch “could take decades,” he said.

Prince Faisal added that ensuring reliability in traditional forms of energy for the developing world, which is still catching up in adoption of clean energy solutions, is also essential, with Riyadh investing $200 billion locally and abroad in renewable energy projects in 21 other countries.

“In that interim period, we need to maintain a stable supply of traditional energies and one that is priced in a way that ensures that stability and that I think we have been able to do,” he said.

Prince Faisal also highlighted the success of Vision 2030 in transitioning the economy of the Kingdom away from a dependance on oil as a source of revenue for the government and as a proportion of its GDP.

He continued: “That process continues to go on, we are activating all kinds of areas of the economy. Unemployment is significantly down, labor force participation up, especially for women.”

He said that the global energy crisis has been exacerbated by the war in Ukraine, a conflict that has ramifications for the developing world “far beyond” Ukraine’s borders.

The world has to “find a pathway to end the conflict,” he said.

The Kingdom’s strong dialogue with the US is in stark contrast to its relations with Iran, but Prince Faisal told the WEF panel that Saudi Arabia had “reached out” to Tehran in an attempt to find a path to dialogue.

“Focusing on development rather than geopolitical affairs is a strong signal to Iran and others in the region that there are other paths to work together and achieve prosperity,” he said.

“Whenever there is cooperation in the region, we achieve prosperity for the peoples of the region,” he added.

Arab News

Arab News is Saudi Arabia's first English-language newspaper. It was founded in 1975 by Hisham and Mohammed Ali Hafiz. Today, it is one of 29 publications produced by Saudi Research & Publishing Company (SRPC), a subsidiary of Saudi Research & Marketing Group (SRMG).

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Economy of Jordan
Energy Ministry: Jordan committed to reducing emissions by 31% by 2030
Carbon reduction targets rise from previously announced levels of 14%
Posted in: Last Updated:
The Planning Directorate at the Jordanian Ministry of Energy and Mineral Resources, Shurooq Abdul Ghani, said that Jordan is committed to implementing the strategic criteria of the Green Middle East Summit to meet the challenges of the effects of climate change and reduce emissions to 31% by 2030.
In an interview with Al-Arabiya, Shurooq explained that the Middle East Initiative launched by Saudi Arabia and the high level participation in this initiative confirms that climate change transcends all borders.
Participation in the initiative requires countries to adapt to the challenges and impacts of climate change.
Jordan has increased its commitment to reduce harmful emissions from 14% to 31% by 2030, reflecting the Kingdom ’ s commitment to meet its challenges.
She said that the energy sector is one of the important sectors that has a great impact in facing the effects of climate change as the shift towards renewable energy is necessary, noting that the share of renewable energy in electricity generation in Jordan reaches 25%.
“Jordan ’ s energy sector strategy for the years 2020-2030 includes a number of programs and projects aimed at addressing the challenges and the transition to clean energy, ” she added.

Title:

Content: Leading experts on climate science will gather this week in Sharm Al Sheikh in Egypt with world leaders and officials to try and set out a road map on how to keep the warming of the planet to just 1.5 degrees Celsius — the critical pressure point to prevent irreversible and permanent damage to our climate. The stakes for success in the United Nations-led COP27 could not be higher.

Already we are seeing the devastating effects of climate change on our planet and in nations across the world. Weather events are becoming more extreme as a result of the warming of our planet from our continued use of fossil fuels and other activities and lifestyles that exacerbate the greenhouse effect the world over.

This gathering in Egypt now marks the last best chance to meet that 1.5 degree ceiling. Beyond that, rising temperatures will have severe consequences that will reduce ice caps, raise sea levels, forever change the patterns of currents in our oceans, alter our natural environment and bring about devastating impacts on our flora and fauna, as well as putting even more life at risk from severe and unpredictable weather events.

Vanguard of environmental change

For Egypt, hosting COP27 is a significant vote of confidence, recognition that its government is committed to being at the vanguard of environmental change. Holding the presidency of COP27 shows the nation’s clear recognition of the gravity of the global climate challenge, and its appreciation of the value of multilateral and collective action as the only means to address the challenge of our times.

Across the wider region, the effects of climate change are seen in searing temperatures, more severe storms, greater flooding and dwindling natural water supplies that affect food production and those engaged in agriculture.

Throughout, the UAE has continued to lead the way in reducing and diversifying from fossil fuels, development and committing to clean and green energy sources.

A few days ago, the UAE and the US reached an agreement to spend $100 billion on clean energy projects, with a goal of adding 100 gigawatts globally by 2035. Under the initiative, the UAE and the US will provide technical, project management and funding assistance for commercially and environmentally sustainable energy projects in other countries.

Read more

It’s precisely these types of initiatives that will help nations reduce their dependence on fossil fuels, decrease their carbon footprints and help reach that 1.5 degree target essential in preventing our planet from becoming too warm too quickly.

Last year, at COP26 in Glasgow, countries agreed for the first time to “phase down” coal production and trim other fossil fuel subsidies. Voluntary side deals also touted plans to curb fossil fuel financing and to limit planet-warming methane emissions. Now, COP27 provides a vital opportunity to assess those measures — and time is of the essence.

The fallout from the conflict currently underway in Ukraine has brought a critical dimension now to the work underway at COP27. Western Europe’s gas supplies are now shown to be fragile — creating an even greater and urgent need for dependable supplies from renewable sources.

Title:

Content: 19 °C Rabat

News
Wednesday 3 November 2021

COP26: Head of Government Holds Talks with Emirati Minister of Industry and Advanced Technology

The Head of Government Aziz Akhannouch on Tuesday held talks with the Emirati minister of Industry and Advanced Technology, Sultan bin Ahmad Al Jaber, on the sidelines of the 26th United Nations Conference of the Parties on Climate Change (COP26).

In a statement to the press following the meeting, the Emirati minister said that the two countries are working together to strengthen cooperation in the fields of energy, renewable energy and climate action.

He also expressed his "pride in the historical, strategic and fraternal ties that unite the United Arab Emirates and the Kingdom of Morocco."

For his part, Akhannouch welcomed the role played by the United Arab Emirates in the energy transition worldwide, through its multiple investments in the field of renewable energy.

He also said that the speech of HM King Mohammed VI sent to the COP 26 is of major importance as it emphasizes the need to act, a step that Morocco has already taken by contributing to global climate action and implementing national measures that were adopted at the previous climate summits.

It is in this perspective that investments in many sectors in Morocco take into account the issue of sustainability, he pointed out.

MAP 02 November 2021

5 degrees Celsius
- Strengthening diplomatic ties through energy partnerships, particularly with the US

## Jordan: Strategic Energy Transition

### National Strategy and Projects

Jordan has developed a comprehensive energy sector strategy for 2020-2030 that includes multiple programs and projects specifically designed to address energy challenges and transition toward clean energy.

Title:

Content: Chairman of the Board of Directors and Editors
I'm sorry.
Mohamad Elbaz
Editor-in-Chief
Wael Lotfy
Chairman of the Board of Directors and Editors
I'm sorry.
Mohamad Elbaz
Editor-in-Chief
Wael Lotfy
African magazine: Egypt has huge potential for renewable energy
The African magazine ESI Africa, which specializes in energy news, said that Egypt is ready to meet its 2035 wind energy target and has a huge potential for renewable energy.
The magazine added that the Egyptian government has put a number of measures in place to encourage the use of renewable energy sources.
To meet the rapidly growing demand for energy, the Egyptian government has pursued an energy diversification strategy known as the Integrated Sustainable Energy Strategy, which aims to maintain the security and stability of the country ’ s energy supply.
Of the renewable energy target of 42%, the strategy planned wind power to compensate for 12% - the rest comes from small solar and hydro projects, to achieve these goals, the country has worked to increase its capacity for wind energy rapidly.
Egypt is known to have some of the best wind power sources in the world on the eastern and western banks of the Nile, as well as in the Gulf of Suez, and with high wind speeds of up to 9-10 meters per second, and strong investments in this area, GlobalData estimates that the country should easily achieve its wind power target.
Wind power is expected to account for 12.2% of total annual generation in 2035.
Due to the climate, the country ’ s solar energy potential is also high, and the Ministry of Electricity and Renewable Energy (MoERE) has introduced a Net Metering and Nutrition (FiT) tariff, and tax incentives to boost renewable energy generation.
The African magazine ESI Africa, which specializes in energy news, said that the Egyptian government is taking concrete steps to enhance energy security and preserve the country ’ s natural resources in light of the escalating changes taking place in the world, confirming its readiness to host the World Climate Conference “COP 27 ” scheduled to be held in Sharm El-Sheikh in November this year.
In this regard, Egypt signed an agreement with Saudi Arabia to build the largest wind power plant in the Middle East, with investments of $1.5 billion.

Title:

Content: Saudi-US Partnership On Energy ‘Key To Global Recovery,’ FM Prince Faisal Tells WEF

By

By Daniel Fountain

The “strong partnership” between Saudi Arabia and the US in ensuring energy market stability will be a key factor in global economic recovery, Prince Faisal bin Farhan, the Kingdom’s foreign minister, told a panel at the World Economic Forum in Davos on Tuesday.

Discussing the global energy and cost-of-living crises, Prince Faisal also said that the Kingdom’s position on an OPEC+ decision last year to reduce oil output targets was correct, despite opposition from the US.

However, the Saudi minister said that the Kingdom still has a strong relationship with Washington, even if the two do not “always agree.”

As the world’s top oil exporter, Saudi Arabia has a responsibility to continue providing stability to oil markets, Prince Faisal said, adding that the Kingdom and US will continue to engage in dialogue to work toward that goal.

“We have a strong partnership with the US and we continue to work through that partnership,” he said. “That doesn’t mean we always agree. We sometimes disagree.”

Saudi Arabia is committed to transitioning toward a “clean energy future,” but the switch “could take decades,” he said.

Prince Faisal added that ensuring reliability in traditional forms of energy for the developing world, which is still catching up in adoption of clean energy solutions, is also essential, with Riyadh investing $200 billion locally and abroad in renewable energy projects in 21 other countries.

“In that interim period, we need to maintain a stable supply of traditional energies and one that is priced in a way that ensures that stability and that I think we have been able to do,” he said.

Prince Faisal also highlighted the success of Vision 2030 in transitioning the economy of the Kingdom away from a dependance on oil as a source of revenue for the government and as a proportion of its GDP.

He continued: “That process continues to go on, we are activating all kinds of areas of the economy. Unemployment is significantly down, labor force participation up, especially for women.”

He said that the global energy crisis has been exacerbated by the war in Ukraine, a conflict that has ramifications for the developing world “far beyond” Ukraine’s borders.

The world has to “find a pathway to end the conflict,” he said.

The Kingdom’s strong dialogue with the US is in stark contrast to its relations with Iran, but Prince Faisal told the WEF panel that Saudi Arabia had “reached out” to Tehran in an attempt to find a path to dialogue.

“Focusing on development rather than geopolitical affairs is a strong signal to Iran and others in the region that there are other paths to work together and achieve prosperity,” he said.

“Whenever there is cooperation in the region, we achieve prosperity for the peoples of the region,” he added.

Arab News

Arab News is Saudi Arabia's first English-language newspaper. It was founded in 1975 by Hisham and Mohammed Ali Hafiz. Today, it is one of 29 publications produced by Saudi Research & Publishing Company (SRPC), a subsidiary of Saudi Research & Marketing Group (SRMG).

Title:

Content: ...
...
...
...
Economy of Jordan
Energy Ministry: Jordan committed to reducing emissions by 31% by 2030
Carbon reduction targets rise from previously announced levels of 14%
Posted in: Last Updated:
The Planning Directorate at the Jordanian Ministry of Energy and Mineral Resources, Shurooq Abdul Ghani, said that Jordan is committed to implementing the strategic criteria of the Green Middle East Summit to meet the challenges of the effects of climate change and reduce emissions to 31% by 2030.
In an interview with Al-Arabiya, Shurooq explained that the Middle East Initiative launched by Saudi Arabia and the high level participation in this initiative confirms that climate change transcends all borders.
Participation in the initiative requires countries to adapt to the challenges and impacts of climate change.
Jordan has increased its commitment to reduce harmful emissions from 14% to 31% by 2030, reflecting the Kingdom ’ s commitment to meet its challenges.
She said that the energy sector is one of the important sectors that has a great impact in facing the effects of climate change as the shift towards renewable energy is necessary, noting that the share of renewable energy in electricity generation in Jordan reaches 25%.
“Jordan ’ s energy sector strategy for the years 2020-2030 includes a number of programs and projects aimed at addressing the challenges and the transition to clean energy, ” she added.

Title:

Content: Leading experts on climate science will gather this week in Sharm Al Sheikh in Egypt with world leaders and officials to try and set out a road map on how to keep the warming of the planet to just 1.5 degrees Celsius — the critical pressure point to prevent irreversible and permanent damage to our climate. The stakes for success in the United Nations-led COP27 could not be higher.

Already we are seeing the devastating effects of climate change on our planet and in nations across the world. Weather events are becoming more extreme as a result of the warming of our planet from our continued use of fossil fuels and other activities and lifestyles that exacerbate the greenhouse effect the world over.

This gathering in Egypt now marks the last best chance to meet that 1.5 degree ceiling. Beyond that, rising temperatures will have severe consequences that will reduce ice caps, raise sea levels, forever change the patterns of currents in our oceans, alter our natural environment and bring about devastating impacts on our flora and fauna, as well as putting even more life at risk from severe and unpredictable weather events.

Vanguard of environmental change

For Egypt, hosting COP27 is a significant vote of confidence, recognition that its government is committed to being at the vanguard of environmental change. Holding the presidency of COP27 shows the nation’s clear recognition of the gravity of the global climate challenge, and its appreciation of the value of multilateral and collective action as the only means to address the challenge of our times.

Across the wider region, the effects of climate change are seen in searing temperatures, more severe storms, greater flooding and dwindling natural water supplies that affect food production and those engaged in agriculture.

Throughout, the UAE has continued to lead the way in reducing and diversifying from fossil fuels, development and committing to clean and green energy sources.

A few days ago, the UAE and the US reached an agreement to spend $100 billion on clean energy projects, with a goal of adding 100 gigawatts globally by 2035. Under the initiative, the UAE and the US will provide technical, project management and funding assistance for commercially and environmentally sustainable energy projects in other countries.

Read more

It’s precisely these types of initiatives that will help nations reduce their dependence on fossil fuels, decrease their carbon footprints and help reach that 1.5 degree target essential in preventing our planet from becoming too warm too quickly.

Last year, at COP26 in Glasgow, countries agreed for the first time to “phase down” coal production and trim other fossil fuel subsidies. Voluntary side deals also touted plans to curb fossil fuel financing and to limit planet-warming methane emissions. Now, COP27 provides a vital opportunity to assess those measures — and time is of the essence.

The fallout from the conflict currently underway in Ukraine has brought a critical dimension now to the work underway at COP27. Western Europe’s gas supplies are now shown to be fragile — creating an even greater and urgent need for dependable supplies from renewable sources.

While specific project details are limited in the provided documents, the strategy represents a clear national commitment to energy transition.

Title:

Content: ...
...
...
...
Economy of Jordan
Energy Ministry: Jordan committed to reducing emissions by 31% by 2030
Carbon reduction targets rise from previously announced levels of 14%
Posted in: Last Updated:
The Planning Directorate at the Jordanian Ministry of Energy and Mineral Resources, Shurooq Abdul Ghani, said that Jordan is committed to implementing the strategic criteria of the Green Middle East Summit to meet the challenges of the effects of climate change and reduce emissions to 31% by 2030.
In an interview with Al-Arabiya, Shurooq explained that the Middle East Initiative launched by Saudi Arabia and the high level participation in this initiative confirms that climate change transcends all borders.
Participation in the initiative requires countries to adapt to the challenges and impacts of climate change.
Jordan has increased its commitment to reduce harmful emissions from 14% to 31% by 2030, reflecting the Kingdom ’ s commitment to meet its challenges.
She said that the energy sector is one of the important sectors that has a great impact in facing the effects of climate change as the shift towards renewable energy is necessary, noting that the share of renewable energy in electricity generation in Jordan reaches 25%.
“Jordan ’ s energy sector strategy for the years 2020-2030 includes a number of programs and projects aimed at addressing the challenges and the transition to clean energy, ” she added.

## Egypt: Regional Leadership in Renewable Energy

### National Strategy and Projects

Egypt is positioning itself as a leader in the just net-zero transition.

Title:

Content: Chairman of the Board of Directors and Editors
I'm sorry.
Mohamad Elbaz
Editor-in-Chief
Wael Lotfy
Chairman of the Board of Directors and Editors
I'm sorry.
Mohamad Elbaz
Editor-in-Chief
Wael Lotfy
African magazine: Egypt has huge potential for renewable energy
The African magazine ESI Africa, which specializes in energy news, said that Egypt is ready to meet its 2035 wind energy target and has a huge potential for renewable energy.
The magazine added that the Egyptian government has put a number of measures in place to encourage the use of renewable energy sources.
To meet the rapidly growing demand for energy, the Egyptian government has pursued an energy diversification strategy known as the Integrated Sustainable Energy Strategy, which aims to maintain the security and stability of the country ’ s energy supply.
Of the renewable energy target of 42%, the strategy planned wind power to compensate for 12% - the rest comes from small solar and hydro projects, to achieve these goals, the country has worked to increase its capacity for wind energy rapidly.
Egypt is known to have some of the best wind power sources in the world on the eastern and western banks of the Nile, as well as in the Gulf of Suez, and with high wind speeds of up to 9-10 meters per second, and strong investments in this area, GlobalData estimates that the country should easily achieve its wind power target.
Wind power is expected to account for 12.2% of total annual generation in 2035.
Due to the climate, the country ’ s solar energy potential is also high, and the Ministry of Electricity and Renewable Energy (MoERE) has introduced a Net Metering and Nutrition (FiT) tariff, and tax incentives to boost renewable energy generation.
The African magazine ESI Africa, which specializes in energy news, said that the Egyptian government is taking concrete steps to enhance energy security and preserve the country ’ s natural resources in light of the escalating changes taking place in the world, confirming its readiness to host the World Climate Conference “COP 27 ” scheduled to be held in Sharm El-Sheikh in November this year.
In this regard, Egypt signed an agreement with Saudi Arabia to build the largest wind power plant in the Middle East, with investments of $1.5 billion.

Title:

Content: Leading experts on climate science will gather this week in Sharm Al Sheikh in Egypt with world leaders and officials to try and set out a road map on how to keep the warming of the planet to just 1.5 degrees Celsius — the critical pressure point to prevent irreversible and permanent damage to our climate. The stakes for success in the United Nations-led COP27 could not be higher.

Already we are seeing the devastating effects of climate change on our planet and in nations across the world. Weather events are becoming more extreme as a result of the warming of our planet from our continued use of fossil fuels and other activities and lifestyles that exacerbate the greenhouse effect the world over.

This gathering in Egypt now marks the last best chance to meet that 1.5 degree ceiling. Beyond that, rising temperatures will have severe consequences that will reduce ice caps, raise sea levels, forever change the patterns of currents in our oceans, alter our natural environment and bring about devastating impacts on our flora and fauna, as well as putting even more life at risk from severe and unpredictable weather events.

Vanguard of environmental change

For Egypt, hosting COP27 is a significant vote of confidence, recognition that its government is committed to being at the vanguard of environmental change. Holding the presidency of COP27 shows the nation’s clear recognition of the gravity of the global climate challenge, and its appreciation of the value of multilateral and collective action as the only means to address the challenge of our times.

Across the wider region, the effects of climate change are seen in searing temperatures, more severe storms, greater flooding and dwindling natural water supplies that affect food production and those engaged in agriculture.

Throughout, the UAE has continued to lead the way in reducing and diversifying from fossil fuels, development and committing to clean and green energy sources.

A few days ago, the UAE and the US reached an agreement to spend $100 billion on clean energy projects, with a goal of adding 100 gigawatts globally by 2035. Under the initiative, the UAE and the US will provide technical, project management and funding assistance for commercially and environmentally sustainable energy projects in other countries.

Read more

It’s precisely these types of initiatives that will help nations reduce their dependence on fossil fuels, decrease their carbon footprints and help reach that 1.5 degree target essential in preventing our planet from becoming too warm too quickly.

Last year, at COP26 in Glasgow, countries agreed for the first time to “phase down” coal production and trim other fossil fuel subsidies. Voluntary side deals also touted plans to curb fossil fuel financing and to limit planet-warming methane emissions. Now, COP27 provides a vital opportunity to assess those measures — and time is of the essence.

The fallout from the conflict currently underway in Ukraine has brought a critical dimension now to the work underway at COP27. Western Europe’s gas supplies are now shown to be fragile — creating an even greater and urgent need for dependable supplies from renewable sources.

A significant project highlighting this commitment is the agreement with Saudi Arabia to build the largest wind power plant in the Middle East, with investments totaling $1.

Title:

Content: Chairman of the Board of Directors and Editors
I'm sorry.
Mohamad Elbaz
Editor-in-Chief
Wael Lotfy
Chairman of the Board of Directors and Editors
I'm sorry.
Mohamad Elbaz
Editor-in-Chief
Wael Lotfy
African magazine: Egypt has huge potential for renewable energy
The African magazine ESI Africa, which specializes in energy news, said that Egypt is ready to meet its 2035 wind energy target and has a huge potential for renewable energy.
The magazine added that the Egyptian government has put a number of measures in place to encourage the use of renewable energy sources.
To meet the rapidly growing demand for energy, the Egyptian government has pursued an energy diversification strategy known as the Integrated Sustainable Energy Strategy, which aims to maintain the security and stability of the country ’ s energy supply.
Of the renewable energy target of 42%, the strategy planned wind power to compensate for 12% - the rest comes from small solar and hydro projects, to achieve these goals, the country has worked to increase its capacity for wind energy rapidly.
Egypt is known to have some of the best wind power sources in the world on the eastern and western banks of the Nile, as well as in the Gulf of Suez, and with high wind speeds of up to 9-10 meters per second, and strong investments in this area, GlobalData estimates that the country should easily achieve its wind power target.
Wind power is expected to account for 12.2% of total annual generation in 2035.
Due to the climate, the country ’ s solar energy potential is also high, and the Ministry of Electricity and Renewable Energy (MoERE) has introduced a Net Metering and Nutrition (FiT) tariff, and tax incentives to boost renewable energy generation.
The African magazine ESI Africa, which specializes in energy news, said that the Egyptian government is taking concrete steps to enhance energy security and preserve the country ’ s natural resources in light of the escalating changes taking place in the world, confirming its readiness to host the World Climate Conference “COP 27 ” scheduled to be held in Sharm El-Sheikh in November this year.
In this regard, Egypt signed an agreement with Saudi Arabia to build the largest wind power plant in the Middle East, with investments of $1.5 billion.

Title:

Content: Saudi-US Partnership On Energy ‘Key To Global Recovery,’ FM Prince Faisal Tells WEF

By

By Daniel Fountain

The “strong partnership” between Saudi Arabia and the US in ensuring energy market stability will be a key factor in global economic recovery, Prince Faisal bin Farhan, the Kingdom’s foreign minister, told a panel at the World Economic Forum in Davos on Tuesday.

Discussing the global energy and cost-of-living crises, Prince Faisal also said that the Kingdom’s position on an OPEC+ decision last year to reduce oil output targets was correct, despite opposition from the US.

However, the Saudi minister said that the Kingdom still has a strong relationship with Washington, even if the two do not “always agree.”

As the world’s top oil exporter, Saudi Arabia has a responsibility to continue providing stability to oil markets, Prince Faisal said, adding that the Kingdom and US will continue to engage in dialogue to work toward that goal.

“We have a strong partnership with the US and we continue to work through that partnership,” he said. “That doesn’t mean we always agree. We sometimes disagree.”

Saudi Arabia is committed to transitioning toward a “clean energy future,” but the switch “could take decades,” he said.

Prince Faisal added that ensuring reliability in traditional forms of energy for the developing world, which is still catching up in adoption of clean energy solutions, is also essential, with Riyadh investing $200 billion locally and abroad in renewable energy projects in 21 other countries.

“In that interim period, we need to maintain a stable supply of traditional energies and one that is priced in a way that ensures that stability and that I think we have been able to do,” he said.

Prince Faisal also highlighted the success of Vision 2030 in transitioning the economy of the Kingdom away from a dependance on oil as a source of revenue for the government and as a proportion of its GDP.

He continued: “That process continues to go on, we are activating all kinds of areas of the economy. Unemployment is significantly down, labor force participation up, especially for women.”

He said that the global energy crisis has been exacerbated by the war in Ukraine, a conflict that has ramifications for the developing world “far beyond” Ukraine’s borders.

The world has to “find a pathway to end the conflict,” he said.

The Kingdom’s strong dialogue with the US is in stark contrast to its relations with Iran, but Prince Faisal told the WEF panel that Saudi Arabia had “reached out” to Tehran in an attempt to find a path to dialogue.

“Focusing on development rather than geopolitical affairs is a strong signal to Iran and others in the region that there are other paths to work together and achieve prosperity,” he said.

“Whenever there is cooperation in the region, we achieve prosperity for the peoples of the region,” he added.

Arab News

Arab News is Saudi Arabia's first English-language newspaper. It was founded in 1975 by Hisham and Mohammed Ali Hafiz. Today, it is one of 29 publications produced by Saudi Research & Publishing Company (SRPC), a subsidiary of Saudi Research & Marketing Group (SRMG).

5 billion.

Title:

Content: ECONOMY
He said the kingdom is a model to follow.
Energy Minister: 130 GW of renewable energy in years
Albilad – Riyadh
Energy Minister Prince Abdulaziz bin Salman said the kingdom aims to add 20 gigawatts of renewable energy annually to reach 100 to 130 gigawatts of renewable energy before 2030.
His Highness added in his speech during the opening of the Smart Grid Conference 2023 in Riyadh: We are ready to export electricity to up to 150 gigawatts, whether green or hydrogen electricity, and we are determined to move in a model in various fields and one day you will see Saudi Arabia as a model to follow.
The Kingdom doubled its capacity from 700 MW last year to more than 2.2 GW, with more than 8 GW of renewable energy under construction and 13 GW in various stages of development, and plans to bid by 20 GW in 2024 and become a major source of green hydrogen globally. The path of transformation in the energy sector.
The Kingdom seeks to become one of the world ’ s leading exporters of hydrogen and electricity from low-emission sources, leveraging its capacity to produce hydrogen and generate electricity from low-emission sources at a competitive cost.
The Kingdom has the resources from renewable energy, natural gas and carbon sinks to export hydrogen and is strategically located close to the world ’ s largest demand centers.
Initiatives and investments
The Kingdom is implementing more than 80 initiatives in the public and private sectors with investments worth more than 705 billion riyals ($188 billion), to build a more sustainable future for all.
The Kingdom is on track to achieve its goal of reducing carbon emissions by 278 million tons per year by 2030.
The Kingdom aims to achieve an optimal energy mix for electricity production of approximately 50% for natural gas and 50% for renewable energy by 2030, which will replace up to 1 million barrels of liquid fuel equivalent currently in use.
Since 2022, the Kingdom has connected 2,100 megawatts of renewable energy projects to the national electricity grid, bringing the total capacity of renewable energy sources used to 2,800 megawatts (2.8 gigawatts), enough to power more than 520,000 homes.
This achievement represents a 300 per cent increase in total capacity and highlights the Kingdom ’ s continued progress in accelerating the energy transition.
By the end of the year 2023, the production capacity of renewable energy projects under construction will be more than 8 gigawatts.
In addition, a number of additional projects with a capacity of approximately 13 GW are at various stages of development.
As part of the ongoing efforts to transform the national energy mix, the Kingdom has launched a number of projects aimed at reducing dependence on liquid fuel and replacing it with gas for electricity generation. By December 2023, four high-efficiency gas-fired power plants with a total capacity of approximately 5,600 megawatts had been put into operation.
The Kingdom is also currently building high-efficiency CCS plants with a total capacity of approximately 8.4 GW.
As part of its ongoing investment in the development of future fuels, the Kingdom continues to make significant progress on the construction of the world ’ s largest green hydrogen plant in NEOM with a total investment of $8.4 billion.
The Kingdom also signed a number of bilateral agreements with a number of international companies in 2023 to cooperate in the production and export of clean and green hydrogen in the Kingdom.

This project demonstrates Egypt's commitment to expanding its renewable energy capacity and fostering regional cooperation on clean energy initiatives.

Title:

Content: Chairman of the Board of Directors and Editors
I'm sorry.
Mohamad Elbaz
Editor-in-Chief
Wael Lotfy
Chairman of the Board of Directors and Editors
I'm sorry.
Mohamad Elbaz
Editor-in-Chief
Wael Lotfy
African magazine: Egypt has huge potential for renewable energy
The African magazine ESI Africa, which specializes in energy news, said that Egypt is ready to meet its 2035 wind energy target and has a huge potential for renewable energy.
The magazine added that the Egyptian government has put a number of measures in place to encourage the use of renewable energy sources.
To meet the rapidly growing demand for energy, the Egyptian government has pursued an energy diversification strategy known as the Integrated Sustainable Energy Strategy, which aims to maintain the security and stability of the country ’ s energy supply.
Of the renewable energy target of 42%, the strategy planned wind power to compensate for 12% - the rest comes from small solar and hydro projects, to achieve these goals, the country has worked to increase its capacity for wind energy rapidly.
Egypt is known to have some of the best wind power sources in the world on the eastern and western banks of the Nile, as well as in the Gulf of Suez, and with high wind speeds of up to 9-10 meters per second, and strong investments in this area, GlobalData estimates that the country should easily achieve its wind power target.
Wind power is expected to account for 12.2% of total annual generation in 2035.
Due to the climate, the country ’ s solar energy potential is also high, and the Ministry of Electricity and Renewable Energy (MoERE) has introduced a Net Metering and Nutrition (FiT) tariff, and tax incentives to boost renewable energy generation.
The African magazine ESI Africa, which specializes in energy news, said that the Egyptian government is taking concrete steps to enhance energy security and preserve the country ’ s natural resources in light of the escalating changes taking place in the world, confirming its readiness to host the World Climate Conference “COP 27 ” scheduled to be held in Sharm El-Sheikh in November this year.
In this regard, Egypt signed an agreement with Saudi Arabia to build the largest wind power plant in the Middle East, with investments of $1.5 billion.

Title:

Content: Saudi-US Partnership On Energy ‘Key To Global Recovery,’ FM Prince Faisal Tells WEF

By

By Daniel Fountain

The “strong partnership” between Saudi Arabia and the US in ensuring energy market stability will be a key factor in global economic recovery, Prince Faisal bin Farhan, the Kingdom’s foreign minister, told a panel at the World Economic Forum in Davos on Tuesday.

Discussing the global energy and cost-of-living crises, Prince Faisal also said that the Kingdom’s position on an OPEC+ decision last year to reduce oil output targets was correct, despite opposition from the US.

However, the Saudi minister said that the Kingdom still has a strong relationship with Washington, even if the two do not “always agree.”

As the world’s top oil exporter, Saudi Arabia has a responsibility to continue providing stability to oil markets, Prince Faisal said, adding that the Kingdom and US will continue to engage in dialogue to work toward that goal.

“We have a strong partnership with the US and we continue to work through that partnership,” he said. “That doesn’t mean we always agree. We sometimes disagree.”

Saudi Arabia is committed to transitioning toward a “clean energy future,” but the switch “could take decades,” he said.

Prince Faisal added that ensuring reliability in traditional forms of energy for the developing world, which is still catching up in adoption of clean energy solutions, is also essential, with Riyadh investing $200 billion locally and abroad in renewable energy projects in 21 other countries.

“In that interim period, we need to maintain a stable supply of traditional energies and one that is priced in a way that ensures that stability and that I think we have been able to do,” he said.

Prince Faisal also highlighted the success of Vision 2030 in transitioning the economy of the Kingdom away from a dependance on oil as a source of revenue for the government and as a proportion of its GDP.

He continued: “That process continues to go on, we are activating all kinds of areas of the economy. Unemployment is significantly down, labor force participation up, especially for women.”

He said that the global energy crisis has been exacerbated by the war in Ukraine, a conflict that has ramifications for the developing world “far beyond” Ukraine’s borders.

The world has to “find a pathway to end the conflict,” he said.

The Kingdom’s strong dialogue with the US is in stark contrast to its relations with Iran, but Prince Faisal told the WEF panel that Saudi Arabia had “reached out” to Tehran in an attempt to find a path to dialogue.

“Focusing on development rather than geopolitical affairs is a strong signal to Iran and others in the region that there are other paths to work together and achieve prosperity,” he said.

“Whenever there is cooperation in the region, we achieve prosperity for the peoples of the region,” he added.

Arab News

Arab News is Saudi Arabia's first English-language newspaper. It was founded in 1975 by Hisham and Mohammed Ali Hafiz. Today, it is one of 29 publications produced by Saudi Research & Publishing Company (SRPC), a subsidiary of Saudi Research & Marketing Group (SRMG).

Title:

Content: Leading experts on climate science will gather this week in Sharm Al Sheikh in Egypt with world leaders and officials to try and set out a road map on how to keep the warming of the planet to just 1.5 degrees Celsius — the critical pressure point to prevent irreversible and permanent damage to our climate. The stakes for success in the United Nations-led COP27 could not be higher.

Already we are seeing the devastating effects of climate change on our planet and in nations across the world. Weather events are becoming more extreme as a result of the warming of our planet from our continued use of fossil fuels and other activities and lifestyles that exacerbate the greenhouse effect the world over.

This gathering in Egypt now marks the last best chance to meet that 1.5 degree ceiling. Beyond that, rising temperatures will have severe consequences that will reduce ice caps, raise sea levels, forever change the patterns of currents in our oceans, alter our natural environment and bring about devastating impacts on our flora and fauna, as well as putting even more life at risk from severe and unpredictable weather events.

Vanguard of environmental change

For Egypt, hosting COP27 is a significant vote of confidence, recognition that its government is committed to being at the vanguard of environmental change. Holding the presidency of COP27 shows the nation’s clear recognition of the gravity of the global climate challenge, and its appreciation of the value of multilateral and collective action as the only means to address the challenge of our times.

Across the wider region, the effects of climate change are seen in searing temperatures, more severe storms, greater flooding and dwindling natural water supplies that affect food production and those engaged in agriculture.

Throughout, the UAE has continued to lead the way in reducing and diversifying from fossil fuels, development and committing to clean and green energy sources.

A few days ago, the UAE and the US reached an agreement to spend $100 billion on clean energy projects, with a goal of adding 100 gigawatts globally by 2035. Under the initiative, the UAE and the US will provide technical, project management and funding assistance for commercially and environmentally sustainable energy projects in other countries.

Read more

It’s precisely these types of initiatives that will help nations reduce their dependence on fossil fuels, decrease their carbon footprints and help reach that 1.5 degree target essential in preventing our planet from becoming too warm too quickly.

Last year, at COP26 in Glasgow, countries agreed for the first time to “phase down” coal production and trim other fossil fuel subsidies. Voluntary side deals also touted plans to curb fossil fuel financing and to limit planet-warming methane emissions. Now, COP27 provides a vital opportunity to assess those measures — and time is of the essence.

The fallout from the conflict currently underway in Ukraine has brought a critical dimension now to the work underway at COP27. Western Europe’s gas supplies are now shown to be fragile — creating an even greater and urgent need for dependable supplies from renewable sources.

Title:

Content: ECONOMY
He said the kingdom is a model to follow.
Energy Minister: 130 GW of renewable energy in years
Albilad – Riyadh
Energy Minister Prince Abdulaziz bin Salman said the kingdom aims to add 20 gigawatts of renewable energy annually to reach 100 to 130 gigawatts of renewable energy before 2030.
His Highness added in his speech during the opening of the Smart Grid Conference 2023 in Riyadh: We are ready to export electricity to up to 150 gigawatts, whether green or hydrogen electricity, and we are determined to move in a model in various fields and one day you will see Saudi Arabia as a model to follow.
The Kingdom doubled its capacity from 700 MW last year to more than 2.2 GW, with more than 8 GW of renewable energy under construction and 13 GW in various stages of development, and plans to bid by 20 GW in 2024 and become a major source of green hydrogen globally. The path of transformation in the energy sector.
The Kingdom seeks to become one of the world ’ s leading exporters of hydrogen and electricity from low-emission sources, leveraging its capacity to produce hydrogen and generate electricity from low-emission sources at a competitive cost.
The Kingdom has the resources from renewable energy, natural gas and carbon sinks to export hydrogen and is strategically located close to the world ’ s largest demand centers.
Initiatives and investments
The Kingdom is implementing more than 80 initiatives in the public and private sectors with investments worth more than 705 billion riyals ($188 billion), to build a more sustainable future for all.
The Kingdom is on track to achieve its goal of reducing carbon emissions by 278 million tons per year by 2030.
The Kingdom aims to achieve an optimal energy mix for electricity production of approximately 50% for natural gas and 50% for renewable energy by 2030, which will replace up to 1 million barrels of liquid fuel equivalent currently in use.
Since 2022, the Kingdom has connected 2,100 megawatts of renewable energy projects to the national electricity grid, bringing the total capacity of renewable energy sources used to 2,800 megawatts (2.8 gigawatts), enough to power more than 520,000 homes.
This achievement represents a 300 per cent increase in total capacity and highlights the Kingdom ’ s continued progress in accelerating the energy transition.
By the end of the year 2023, the production capacity of renewable energy projects under construction will be more than 8 gigawatts.
In addition, a number of additional projects with a capacity of approximately 13 GW are at various stages of development.
As part of the ongoing efforts to transform the national energy mix, the Kingdom has launched a number of projects aimed at reducing dependence on liquid fuel and replacing it with gas for electricity generation. By December 2023, four high-efficiency gas-fired power plants with a total capacity of approximately 5,600 megawatts had been put into operation.
The Kingdom is also currently building high-efficiency CCS plants with a total capacity of approximately 8.4 GW.
As part of its ongoing investment in the development of future fuels, the Kingdom continues to make significant progress on the construction of the world ’ s largest green hydrogen plant in NEOM with a total investment of $8.4 billion.
The Kingdom also signed a number of bilateral agreements with a number of international companies in 2023 to cooperate in the production and export of clean and green hydrogen in the Kingdom.

## Morocco: Sustainability-Driven Investments

### National Strategy and Projects

Morocco has taken concrete steps toward climate action by implementing measures adopted at previous climate summits.

Title:

Content: 19 °C Rabat

News
Wednesday 3 November 2021

COP26: Head of Government Holds Talks with Emirati Minister of Industry and Advanced Technology

The Head of Government Aziz Akhannouch on Tuesday held talks with the Emirati minister of Industry and Advanced Technology, Sultan bin Ahmad Al Jaber, on the sidelines of the 26th United Nations Conference of the Parties on Climate Change (COP26).

In a statement to the press following the meeting, the Emirati minister said that the two countries are working together to strengthen cooperation in the fields of energy, renewable energy and climate action.

He also expressed his "pride in the historical, strategic and fraternal ties that unite the United Arab Emirates and the Kingdom of Morocco."

For his part, Akhannouch welcomed the role played by the United Arab Emirates in the energy transition worldwide, through its multiple investments in the field of renewable energy.

He also said that the speech of HM King Mohammed VI sent to the COP 26 is of major importance as it emphasizes the need to act, a step that Morocco has already taken by contributing to global climate action and implementing national measures that were adopted at the previous climate summits.

It is in this perspective that investments in many sectors in Morocco take into account the issue of sustainability, he pointed out.

MAP 02 November 2021

The country has integrated sustainability considerations into investments across multiple sectors, demonstrating a holistic approach to energy transition and environmental protection.

Title:

Content: 19 °C Rabat

News
Wednesday 3 November 2021

COP26: Head of Government Holds Talks with Emirati Minister of Industry and Advanced Technology

The Head of Government Aziz Akhannouch on Tuesday held talks with the Emirati minister of Industry and Advanced Technology, Sultan bin Ahmad Al Jaber, on the sidelines of the 26th United Nations Conference of the Parties on Climate Change (COP26).

In a statement to the press following the meeting, the Emirati minister said that the two countries are working together to strengthen cooperation in the fields of energy, renewable energy and climate action.

He also expressed his "pride in the historical, strategic and fraternal ties that unite the United Arab Emirates and the Kingdom of Morocco."

For his part, Akhannouch welcomed the role played by the United Arab Emirates in the energy transition worldwide, through its multiple investments in the field of renewable energy.

He also said that the speech of HM King Mohammed VI sent to the COP 26 is of major importance as it emphasizes the need to act, a step that Morocco has already taken by contributing to global climate action and implementing national measures that were adopted at the previous climate summits.

It is in this perspective that investments in many sectors in Morocco take into account the issue of sustainability, he pointed out.

MAP 02 November 2021

## Regional Cooperation and International Partnerships

### Cross-Border Initiatives

Several regional and international partnerships are accelerating the Middle East's energy transition:
- The UAE-US partnership for $100 billion in clean energy projects
- Saudi Arabia's investments in renewable energy projects across 21 countries
- The Egypt-Saudi Arabia agreement for the Middle East's largest wind power plant
- Positive Zero's $400 million investment from BlackRock to support decentralized decarbonization solutions in the GCC region

### Focus on Climate Finance

The region is increasingly focusing on climate finance mechanisms to support energy transition:
- COP28's emphasis on mobilizing energy transitions and fixing climate finance
- The launch of the world's first fund supporting loss and damage from climate change
- Inclusion of underrepresented voices in climate discussions, including indigenous communities, youth, and women

## Challenges and Opportunities

### Balancing Act

Middle Eastern countries face the challenge of balancing traditional energy production with renewable energy expansion.

Title:

Content: Chairman of the Board of Directors and Editors
I'm sorry.
Mohamad Elbaz
Editor-in-Chief
Wael Lotfy
Chairman of the Board of Directors and Editors
I'm sorry.
Mohamad Elbaz
Editor-in-Chief
Wael Lotfy
African magazine: Egypt has huge potential for renewable energy
The African magazine ESI Africa, which specializes in energy news, said that Egypt is ready to meet its 2035 wind energy target and has a huge potential for renewable energy.
The magazine added that the Egyptian government has put a number of measures in place to encourage the use of renewable energy sources.
To meet the rapidly growing demand for energy, the Egyptian government has pursued an energy diversification strategy known as the Integrated Sustainable Energy Strategy, which aims to maintain the security and stability of the country ’ s energy supply.
Of the renewable energy target of 42%, the strategy planned wind power to compensate for 12% - the rest comes from small solar and hydro projects, to achieve these goals, the country has worked to increase its capacity for wind energy rapidly.
Egypt is known to have some of the best wind power sources in the world on the eastern and western banks of the Nile, as well as in the Gulf of Suez, and with high wind speeds of up to 9-10 meters per second, and strong investments in this area, GlobalData estimates that the country should easily achieve its wind power target.
Wind power is expected to account for 12.2% of total annual generation in 2035.
Due to the climate, the country ’ s solar energy potential is also high, and the Ministry of Electricity and Renewable Energy (MoERE) has introduced a Net Metering and Nutrition (FiT) tariff, and tax incentives to boost renewable energy generation.
The African magazine ESI Africa, which specializes in energy news, said that the Egyptian government is taking concrete steps to enhance energy security and preserve the country ’ s natural resources in light of the escalating changes taking place in the world, confirming its readiness to host the World Climate Conference “COP 27 ” scheduled to be held in Sharm El-Sheikh in November this year.
In this regard, Egypt signed an agreement with Saudi Arabia to build the largest wind power plant in the Middle East, with investments of $1.5 billion.

Title:

Content: Saudi-US Partnership On Energy ‘Key To Global Recovery,’ FM Prince Faisal Tells WEF

By

By Daniel Fountain

The “strong partnership” between Saudi Arabia and the US in ensuring energy market stability will be a key factor in global economic recovery, Prince Faisal bin Farhan, the Kingdom’s foreign minister, told a panel at the World Economic Forum in Davos on Tuesday.

Discussing the global energy and cost-of-living crises, Prince Faisal also said that the Kingdom’s position on an OPEC+ decision last year to reduce oil output targets was correct, despite opposition from the US.

However, the Saudi minister said that the Kingdom still has a strong relationship with Washington, even if the two do not “always agree.”

As the world’s top oil exporter, Saudi Arabia has a responsibility to continue providing stability to oil markets, Prince Faisal said, adding that the Kingdom and US will continue to engage in dialogue to work toward that goal.

“We have a strong partnership with the US and we continue to work through that partnership,” he said. “That doesn’t mean we always agree. We sometimes disagree.”

Saudi Arabia is committed to transitioning toward a “clean energy future,” but the switch “could take decades,” he said.

Prince Faisal added that ensuring reliability in traditional forms of energy for the developing world, which is still catching up in adoption of clean energy solutions, is also essential, with Riyadh investing $200 billion locally and abroad in renewable energy projects in 21 other countries.

“In that interim period, we need to maintain a stable supply of traditional energies and one that is priced in a way that ensures that stability and that I think we have been able to do,” he said.

Prince Faisal also highlighted the success of Vision 2030 in transitioning the economy of the Kingdom away from a dependance on oil as a source of revenue for the government and as a proportion of its GDP.

He continued: “That process continues to go on, we are activating all kinds of areas of the economy. Unemployment is significantly down, labor force participation up, especially for women.”

He said that the global energy crisis has been exacerbated by the war in Ukraine, a conflict that has ramifications for the developing world “far beyond” Ukraine’s borders.

The world has to “find a pathway to end the conflict,” he said.

The Kingdom’s strong dialogue with the US is in stark contrast to its relations with Iran, but Prince Faisal told the WEF panel that Saudi Arabia had “reached out” to Tehran in an attempt to find a path to dialogue.

“Focusing on development rather than geopolitical affairs is a strong signal to Iran and others in the region that there are other paths to work together and achieve prosperity,” he said.

“Whenever there is cooperation in the region, we achieve prosperity for the peoples of the region,” he added.

Arab News

Arab News is Saudi Arabia's first English-language newspaper. It was founded in 1975 by Hisham and Mohammed Ali Hafiz. Today, it is one of 29 publications produced by Saudi Research & Publishing Company (SRPC), a subsidiary of Saudi Research & Marketing Group (SRMG).

Title:

Content: Leading experts on climate science will gather this week in Sharm Al Sheikh in Egypt with world leaders and officials to try and set out a road map on how to keep the warming of the planet to just 1.5 degrees Celsius — the critical pressure point to prevent irreversible and permanent damage to our climate. The stakes for success in the United Nations-led COP27 could not be higher.

Already we are seeing the devastating effects of climate change on our planet and in nations across the world. Weather events are becoming more extreme as a result of the warming of our planet from our continued use of fossil fuels and other activities and lifestyles that exacerbate the greenhouse effect the world over.

This gathering in Egypt now marks the last best chance to meet that 1.5 degree ceiling. Beyond that, rising temperatures will have severe consequences that will reduce ice caps, raise sea levels, forever change the patterns of currents in our oceans, alter our natural environment and bring about devastating impacts on our flora and fauna, as well as putting even more life at risk from severe and unpredictable weather events.

Vanguard of environmental change

For Egypt, hosting COP27 is a significant vote of confidence, recognition that its government is committed to being at the vanguard of environmental change. Holding the presidency of COP27 shows the nation’s clear recognition of the gravity of the global climate challenge, and its appreciation of the value of multilateral and collective action as the only means to address the challenge of our times.

Across the wider region, the effects of climate change are seen in searing temperatures, more severe storms, greater flooding and dwindling natural water supplies that affect food production and those engaged in agriculture.

Throughout, the UAE has continued to lead the way in reducing and diversifying from fossil fuels, development and committing to clean and green energy sources.

A few days ago, the UAE and the US reached an agreement to spend $100 billion on clean energy projects, with a goal of adding 100 gigawatts globally by 2035. Under the initiative, the UAE and the US will provide technical, project management and funding assistance for commercially and environmentally sustainable energy projects in other countries.

Read more

It’s precisely these types of initiatives that will help nations reduce their dependence on fossil fuels, decrease their carbon footprints and help reach that 1.5 degree target essential in preventing our planet from becoming too warm too quickly.

Last year, at COP26 in Glasgow, countries agreed for the first time to “phase down” coal production and trim other fossil fuel subsidies. Voluntary side deals also touted plans to curb fossil fuel financing and to limit planet-warming methane emissions. Now, COP27 provides a vital opportunity to assess those measures — and time is of the essence.

The fallout from the conflict currently underway in Ukraine has brought a critical dimension now to the work underway at COP27. Western Europe’s gas supplies are now shown to be fragile — creating an even greater and urgent need for dependable supplies from renewable sources.

Title:

Content: Share

This year, Dubai will play host to the 28th United Nations Climate Change Conference (COP28). This follows last year’s lacklustre talks in Egypt and will involve two weeks of discussions surrounding various themes, including energy transition, financial relief, and agricultural security. However, controversy has already sparked ahead of the summit over its designated president, Sultan Ahmed Al Jaber, CEO of the Abu Dhabi National Oil Company (ADNOC). Despite Al Jaber’s affiliation with the oil industry, he has been chosen to lead this year’s COP discussions and it sets the tone for what could pan out as an oil-heavy fortnight of climate talks.

COP28’s anticipated aims

In the weeks leading up to this year’s talks, Al Jaber outlined the four key goals shaping the negotiating process. The goals set are:

  • Energy transition
  • Fixing climate finance
  • Putting nature and people at the centre of climate action
  • Inclusivity

The primary focus here is mobilising energy transitions, getting countries to stop their overreliance on fossil fuels, and embracing renewables and alternative clean energy sources. The other three goals all inform each other by including under-represented voices in discussions and focusing on those who are left defenceless in the effects of climate change.

There will be discussions around indigenous voices, youth, education, and gender equality. COP28 is also set to fully launch the world’s first fund supporting loss and damage from climate change, which was initially proposed at last year’s conference.

The corporations expected at COP28

As seen at previous COP summits, multi-stakeholder efforts will take place with the private sector running discussions and providing experience and insight to reach agreements. Returning is Boston Consulting Group (BCG) which brings experience in strategy mitigation and implementation. As this year’s COP focuses on strategy implementation, particularly around executing energy transition, BCG’s expertise will be especially useful to help countries agree and enforce strategies.

COP28 will see involvement from SME Climate Hub around small and medium enterprises primarily in Africa and the Middle East, providing funding and knowledge in emissions reductions. Bloomberg Philanthropies will also be present to accelerate energy transition efforts. Across the whole conference, there are expectations that there will be numerous commercially viable renewable energy solutions fit for investment and global implementation.

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The summit has also announced that it will partner with consultancy firm McKinsey & Company. However, in recent weeks, whistleblowers within the consultancy have leaked internal documents indicating that McKinsey and their clients may have similar oil and fossil fuel-based views as the host nation, by continuing to promote investment into oil production.

Oil and COP28

From the get-go, placing Dubai and Al Jaber at the forefront of COP28 raises questions as to whether this year’s summit—particularly its energy transition goals—will be undermined by actors with strong ties to the oil industry. Al Jaber has previously announced that ADNOC will not slow down its oil production, with investments to increase production capacity. Furthermore, studies have estimated that the amount of carbon ADNOC would emit by 2030, would take 340 years to recapture using carbon capture technologies.

Elsewhere, McKinsey’s involvement in the conference has raised concerns over conflicts of interest. Leaked documents indicate that the firm is pushing the agendas of its large oil and gas clients like ExxonMobil and Aramco. The documents further indicate that the company only suggests a 50% decrease in oil production by 2050, at direct odds with COP28’s supposed fossil fuel phase-out and decarbonisation goals. McKinsey’s day-to-day schedule for COP presents an agenda of daily briefings advocating net-zero strategies—but true net-zero strategies would not advocate for oil and gas companies. COP28 will hopefully clarify and realise proposals from COP27, particularly concerning the climate loss and damage relief fund and energy transition strategies. This year also will put a human lens on climate-related issues, raising indigenous voices and highlighting issues of age and gender equality. However, such efforts will be overshadowed by those leading the conference, who could subliminally push an oil agenda throughout the conference.

Title:

Content: 19 °C Rabat

News
Wednesday 3 November 2021

COP26: Head of Government Holds Talks with Emirati Minister of Industry and Advanced Technology

The Head of Government Aziz Akhannouch on Tuesday held talks with the Emirati minister of Industry and Advanced Technology, Sultan bin Ahmad Al Jaber, on the sidelines of the 26th United Nations Conference of the Parties on Climate Change (COP26).

In a statement to the press following the meeting, the Emirati minister said that the two countries are working together to strengthen cooperation in the fields of energy, renewable energy and climate action.

He also expressed his "pride in the historical, strategic and fraternal ties that unite the United Arab Emirates and the Kingdom of Morocco."

For his part, Akhannouch welcomed the role played by the United Arab Emirates in the energy transition worldwide, through its multiple investments in the field of renewable energy.

He also said that the speech of HM King Mohammed VI sent to the COP 26 is of major importance as it emphasizes the need to act, a step that Morocco has already taken by contributing to global climate action and implementing national measures that were adopted at the previous climate summits.

It is in this perspective that investments in many sectors in Morocco take into account the issue of sustainability, he pointed out.

MAP 02 November 2021

As noted by Saudi officials, the transition to clean energy "could take decades," highlighting the need for a gradual approach that maintains energy security during the transition.

Title:

Content: Saudi-US Partnership On Energy ‘Key To Global Recovery,’ FM Prince Faisal Tells WEF

By

By Daniel Fountain

The “strong partnership” between Saudi Arabia and the US in ensuring energy market stability will be a key factor in global economic recovery, Prince Faisal bin Farhan, the Kingdom’s foreign minister, told a panel at the World Economic Forum in Davos on Tuesday.

Discussing the global energy and cost-of-living crises, Prince Faisal also said that the Kingdom’s position on an OPEC+ decision last year to reduce oil output targets was correct, despite opposition from the US.

However, the Saudi minister said that the Kingdom still has a strong relationship with Washington, even if the two do not “always agree.”

As the world’s top oil exporter, Saudi Arabia has a responsibility to continue providing stability to oil markets, Prince Faisal said, adding that the Kingdom and US will continue to engage in dialogue to work toward that goal.

“We have a strong partnership with the US and we continue to work through that partnership,” he said. “That doesn’t mean we always agree. We sometimes disagree.”

Saudi Arabia is committed to transitioning toward a “clean energy future,” but the switch “could take decades,” he said.

Prince Faisal added that ensuring reliability in traditional forms of energy for the developing world, which is still catching up in adoption of clean energy solutions, is also essential, with Riyadh investing $200 billion locally and abroad in renewable energy projects in 21 other countries.

“In that interim period, we need to maintain a stable supply of traditional energies and one that is priced in a way that ensures that stability and that I think we have been able to do,” he said.

Prince Faisal also highlighted the success of Vision 2030 in transitioning the economy of the Kingdom away from a dependance on oil as a source of revenue for the government and as a proportion of its GDP.

He continued: “That process continues to go on, we are activating all kinds of areas of the economy. Unemployment is significantly down, labor force participation up, especially for women.”

He said that the global energy crisis has been exacerbated by the war in Ukraine, a conflict that has ramifications for the developing world “far beyond” Ukraine’s borders.

The world has to “find a pathway to end the conflict,” he said.

The Kingdom’s strong dialogue with the US is in stark contrast to its relations with Iran, but Prince Faisal told the WEF panel that Saudi Arabia had “reached out” to Tehran in an attempt to find a path to dialogue.

“Focusing on development rather than geopolitical affairs is a strong signal to Iran and others in the region that there are other paths to work together and achieve prosperity,” he said.

“Whenever there is cooperation in the region, we achieve prosperity for the peoples of the region,” he added.

Arab News

Arab News is Saudi Arabia's first English-language newspaper. It was founded in 1975 by Hisham and Mohammed Ali Hafiz. Today, it is one of 29 publications produced by Saudi Research & Publishing Company (SRPC), a subsidiary of Saudi Research & Marketing Group (SRMG).

### Economic Diversification

The energy transition offers significant opportunities for economic diversification:
- Reducing dependence on oil revenues
- Creating new industries and job opportunities
- Attracting international investment in clean energy technologies
- Developing expertise that can be exported globally

### Climate Leadership

Despite their historical reliance on fossil fuels, Middle Eastern countries are increasingly positioning themselves as climate leaders:
- Hosting major climate initiatives and forums
- Setting ambitious renewable energy targets
- Investing in climate-vulnerable regions
- Contributing to global efforts to limit temperature rise

## Conclusion

The Middle East's energy transition represents a significant shift in a region long defined by its oil wealth.

Title:

Content: Chairman of the Board of Directors and Editors
I'm sorry.
Mohamad Elbaz
Editor-in-Chief
Wael Lotfy
Chairman of the Board of Directors and Editors
I'm sorry.
Mohamad Elbaz
Editor-in-Chief
Wael Lotfy
African magazine: Egypt has huge potential for renewable energy
The African magazine ESI Africa, which specializes in energy news, said that Egypt is ready to meet its 2035 wind energy target and has a huge potential for renewable energy.
The magazine added that the Egyptian government has put a number of measures in place to encourage the use of renewable energy sources.
To meet the rapidly growing demand for energy, the Egyptian government has pursued an energy diversification strategy known as the Integrated Sustainable Energy Strategy, which aims to maintain the security and stability of the country ’ s energy supply.
Of the renewable energy target of 42%, the strategy planned wind power to compensate for 12% - the rest comes from small solar and hydro projects, to achieve these goals, the country has worked to increase its capacity for wind energy rapidly.
Egypt is known to have some of the best wind power sources in the world on the eastern and western banks of the Nile, as well as in the Gulf of Suez, and with high wind speeds of up to 9-10 meters per second, and strong investments in this area, GlobalData estimates that the country should easily achieve its wind power target.
Wind power is expected to account for 12.2% of total annual generation in 2035.
Due to the climate, the country ’ s solar energy potential is also high, and the Ministry of Electricity and Renewable Energy (MoERE) has introduced a Net Metering and Nutrition (FiT) tariff, and tax incentives to boost renewable energy generation.
The African magazine ESI Africa, which specializes in energy news, said that the Egyptian government is taking concrete steps to enhance energy security and preserve the country ’ s natural resources in light of the escalating changes taking place in the world, confirming its readiness to host the World Climate Conference “COP 27 ” scheduled to be held in Sharm El-Sheikh in November this year.
In this regard, Egypt signed an agreement with Saudi Arabia to build the largest wind power plant in the Middle East, with investments of $1.5 billion.

Title:

Content: Saudi-US Partnership On Energy ‘Key To Global Recovery,’ FM Prince Faisal Tells WEF

By

By Daniel Fountain

The “strong partnership” between Saudi Arabia and the US in ensuring energy market stability will be a key factor in global economic recovery, Prince Faisal bin Farhan, the Kingdom’s foreign minister, told a panel at the World Economic Forum in Davos on Tuesday.

Discussing the global energy and cost-of-living crises, Prince Faisal also said that the Kingdom’s position on an OPEC+ decision last year to reduce oil output targets was correct, despite opposition from the US.

However, the Saudi minister said that the Kingdom still has a strong relationship with Washington, even if the two do not “always agree.”

As the world’s top oil exporter, Saudi Arabia has a responsibility to continue providing stability to oil markets, Prince Faisal said, adding that the Kingdom and US will continue to engage in dialogue to work toward that goal.

“We have a strong partnership with the US and we continue to work through that partnership,” he said. “That doesn’t mean we always agree. We sometimes disagree.”

Saudi Arabia is committed to transitioning toward a “clean energy future,” but the switch “could take decades,” he said.

Prince Faisal added that ensuring reliability in traditional forms of energy for the developing world, which is still catching up in adoption of clean energy solutions, is also essential, with Riyadh investing $200 billion locally and abroad in renewable energy projects in 21 other countries.

“In that interim period, we need to maintain a stable supply of traditional energies and one that is priced in a way that ensures that stability and that I think we have been able to do,” he said.

Prince Faisal also highlighted the success of Vision 2030 in transitioning the economy of the Kingdom away from a dependance on oil as a source of revenue for the government and as a proportion of its GDP.

He continued: “That process continues to go on, we are activating all kinds of areas of the economy. Unemployment is significantly down, labor force participation up, especially for women.”

He said that the global energy crisis has been exacerbated by the war in Ukraine, a conflict that has ramifications for the developing world “far beyond” Ukraine’s borders.

The world has to “find a pathway to end the conflict,” he said.

The Kingdom’s strong dialogue with the US is in stark contrast to its relations with Iran, but Prince Faisal told the WEF panel that Saudi Arabia had “reached out” to Tehran in an attempt to find a path to dialogue.

“Focusing on development rather than geopolitical affairs is a strong signal to Iran and others in the region that there are other paths to work together and achieve prosperity,” he said.

“Whenever there is cooperation in the region, we achieve prosperity for the peoples of the region,” he added.

Arab News

Arab News is Saudi Arabia's first English-language newspaper. It was founded in 1975 by Hisham and Mohammed Ali Hafiz. Today, it is one of 29 publications produced by Saudi Research & Publishing Company (SRPC), a subsidiary of Saudi Research & Marketing Group (SRMG).

Title:

Content: ...
...
...
...
Economy of Jordan
Energy Ministry: Jordan committed to reducing emissions by 31% by 2030
Carbon reduction targets rise from previously announced levels of 14%
Posted in: Last Updated:
The Planning Directorate at the Jordanian Ministry of Energy and Mineral Resources, Shurooq Abdul Ghani, said that Jordan is committed to implementing the strategic criteria of the Green Middle East Summit to meet the challenges of the effects of climate change and reduce emissions to 31% by 2030.
In an interview with Al-Arabiya, Shurooq explained that the Middle East Initiative launched by Saudi Arabia and the high level participation in this initiative confirms that climate change transcends all borders.
Participation in the initiative requires countries to adapt to the challenges and impacts of climate change.
Jordan has increased its commitment to reduce harmful emissions from 14% to 31% by 2030, reflecting the Kingdom ’ s commitment to meet its challenges.
She said that the energy sector is one of the important sectors that has a great impact in facing the effects of climate change as the shift towards renewable energy is necessary, noting that the share of renewable energy in electricity generation in Jordan reaches 25%.
“Jordan ’ s energy sector strategy for the years 2020-2030 includes a number of programs and projects aimed at addressing the challenges and the transition to clean energy, ” she added.

Title:

Content: Leading experts on climate science will gather this week in Sharm Al Sheikh in Egypt with world leaders and officials to try and set out a road map on how to keep the warming of the planet to just 1.5 degrees Celsius — the critical pressure point to prevent irreversible and permanent damage to our climate. The stakes for success in the United Nations-led COP27 could not be higher.

Already we are seeing the devastating effects of climate change on our planet and in nations across the world. Weather events are becoming more extreme as a result of the warming of our planet from our continued use of fossil fuels and other activities and lifestyles that exacerbate the greenhouse effect the world over.

This gathering in Egypt now marks the last best chance to meet that 1.5 degree ceiling. Beyond that, rising temperatures will have severe consequences that will reduce ice caps, raise sea levels, forever change the patterns of currents in our oceans, alter our natural environment and bring about devastating impacts on our flora and fauna, as well as putting even more life at risk from severe and unpredictable weather events.

Vanguard of environmental change

For Egypt, hosting COP27 is a significant vote of confidence, recognition that its government is committed to being at the vanguard of environmental change. Holding the presidency of COP27 shows the nation’s clear recognition of the gravity of the global climate challenge, and its appreciation of the value of multilateral and collective action as the only means to address the challenge of our times.

Across the wider region, the effects of climate change are seen in searing temperatures, more severe storms, greater flooding and dwindling natural water supplies that affect food production and those engaged in agriculture.

Throughout, the UAE has continued to lead the way in reducing and diversifying from fossil fuels, development and committing to clean and green energy sources.

A few days ago, the UAE and the US reached an agreement to spend $100 billion on clean energy projects, with a goal of adding 100 gigawatts globally by 2035. Under the initiative, the UAE and the US will provide technical, project management and funding assistance for commercially and environmentally sustainable energy projects in other countries.

Read more

It’s precisely these types of initiatives that will help nations reduce their dependence on fossil fuels, decrease their carbon footprints and help reach that 1.5 degree target essential in preventing our planet from becoming too warm too quickly.

Last year, at COP26 in Glasgow, countries agreed for the first time to “phase down” coal production and trim other fossil fuel subsidies. Voluntary side deals also touted plans to curb fossil fuel financing and to limit planet-warming methane emissions. Now, COP27 provides a vital opportunity to assess those measures — and time is of the essence.

The fallout from the conflict currently underway in Ukraine has brought a critical dimension now to the work underway at COP27. Western Europe’s gas supplies are now shown to be fragile — creating an even greater and urgent need for dependable supplies from renewable sources.

Title:

Content: 19 °C Rabat

News
Wednesday 3 November 2021

COP26: Head of Government Holds Talks with Emirati Minister of Industry and Advanced Technology

The Head of Government Aziz Akhannouch on Tuesday held talks with the Emirati minister of Industry and Advanced Technology, Sultan bin Ahmad Al Jaber, on the sidelines of the 26th United Nations Conference of the Parties on Climate Change (COP26).

In a statement to the press following the meeting, the Emirati minister said that the two countries are working together to strengthen cooperation in the fields of energy, renewable energy and climate action.

He also expressed his "pride in the historical, strategic and fraternal ties that unite the United Arab Emirates and the Kingdom of Morocco."

For his part, Akhannouch welcomed the role played by the United Arab Emirates in the energy transition worldwide, through its multiple investments in the field of renewable energy.

He also said that the speech of HM King Mohammed VI sent to the COP 26 is of major importance as it emphasizes the need to act, a step that Morocco has already taken by contributing to global climate action and implementing national measures that were adopted at the previous climate summits.

It is in this perspective that investments in many sectors in Morocco take into account the issue of sustainability, he pointed out.

MAP 02 November 2021

Countries like Saudi Arabia and the UAE are pursuing ambitious renewable energy targets while maintaining their role as reliable energy suppliers.

Title:

Content: Saudi-US Partnership On Energy ‘Key To Global Recovery,’ FM Prince Faisal Tells WEF

By

By Daniel Fountain

The “strong partnership” between Saudi Arabia and the US in ensuring energy market stability will be a key factor in global economic recovery, Prince Faisal bin Farhan, the Kingdom’s foreign minister, told a panel at the World Economic Forum in Davos on Tuesday.

Discussing the global energy and cost-of-living crises, Prince Faisal also said that the Kingdom’s position on an OPEC+ decision last year to reduce oil output targets was correct, despite opposition from the US.

However, the Saudi minister said that the Kingdom still has a strong relationship with Washington, even if the two do not “always agree.”

As the world’s top oil exporter, Saudi Arabia has a responsibility to continue providing stability to oil markets, Prince Faisal said, adding that the Kingdom and US will continue to engage in dialogue to work toward that goal.

“We have a strong partnership with the US and we continue to work through that partnership,” he said. “That doesn’t mean we always agree. We sometimes disagree.”

Saudi Arabia is committed to transitioning toward a “clean energy future,” but the switch “could take decades,” he said.

Prince Faisal added that ensuring reliability in traditional forms of energy for the developing world, which is still catching up in adoption of clean energy solutions, is also essential, with Riyadh investing $200 billion locally and abroad in renewable energy projects in 21 other countries.

“In that interim period, we need to maintain a stable supply of traditional energies and one that is priced in a way that ensures that stability and that I think we have been able to do,” he said.

Prince Faisal also highlighted the success of Vision 2030 in transitioning the economy of the Kingdom away from a dependance on oil as a source of revenue for the government and as a proportion of its GDP.

He continued: “That process continues to go on, we are activating all kinds of areas of the economy. Unemployment is significantly down, labor force participation up, especially for women.”

He said that the global energy crisis has been exacerbated by the war in Ukraine, a conflict that has ramifications for the developing world “far beyond” Ukraine’s borders.

The world has to “find a pathway to end the conflict,” he said.

The Kingdom’s strong dialogue with the US is in stark contrast to its relations with Iran, but Prince Faisal told the WEF panel that Saudi Arabia had “reached out” to Tehran in an attempt to find a path to dialogue.

“Focusing on development rather than geopolitical affairs is a strong signal to Iran and others in the region that there are other paths to work together and achieve prosperity,” he said.

“Whenever there is cooperation in the region, we achieve prosperity for the peoples of the region,” he added.

Arab News

Arab News is Saudi Arabia's first English-language newspaper. It was founded in 1975 by Hisham and Mohammed Ali Hafiz. Today, it is one of 29 publications produced by Saudi Research & Publishing Company (SRPC), a subsidiary of Saudi Research & Marketing Group (SRMG).

Title:

Content: Leading experts on climate science will gather this week in Sharm Al Sheikh in Egypt with world leaders and officials to try and set out a road map on how to keep the warming of the planet to just 1.5 degrees Celsius — the critical pressure point to prevent irreversible and permanent damage to our climate. The stakes for success in the United Nations-led COP27 could not be higher.

Already we are seeing the devastating effects of climate change on our planet and in nations across the world. Weather events are becoming more extreme as a result of the warming of our planet from our continued use of fossil fuels and other activities and lifestyles that exacerbate the greenhouse effect the world over.

This gathering in Egypt now marks the last best chance to meet that 1.5 degree ceiling. Beyond that, rising temperatures will have severe consequences that will reduce ice caps, raise sea levels, forever change the patterns of currents in our oceans, alter our natural environment and bring about devastating impacts on our flora and fauna, as well as putting even more life at risk from severe and unpredictable weather events.

Vanguard of environmental change

For Egypt, hosting COP27 is a significant vote of confidence, recognition that its government is committed to being at the vanguard of environmental change. Holding the presidency of COP27 shows the nation’s clear recognition of the gravity of the global climate challenge, and its appreciation of the value of multilateral and collective action as the only means to address the challenge of our times.

Across the wider region, the effects of climate change are seen in searing temperatures, more severe storms, greater flooding and dwindling natural water supplies that affect food production and those engaged in agriculture.

Throughout, the UAE has continued to lead the way in reducing and diversifying from fossil fuels, development and committing to clean and green energy sources.

A few days ago, the UAE and the US reached an agreement to spend $100 billion on clean energy projects, with a goal of adding 100 gigawatts globally by 2035. Under the initiative, the UAE and the US will provide technical, project management and funding assistance for commercially and environmentally sustainable energy projects in other countries.

Read more

It’s precisely these types of initiatives that will help nations reduce their dependence on fossil fuels, decrease their carbon footprints and help reach that 1.5 degree target essential in preventing our planet from becoming too warm too quickly.

Last year, at COP26 in Glasgow, countries agreed for the first time to “phase down” coal production and trim other fossil fuel subsidies. Voluntary side deals also touted plans to curb fossil fuel financing and to limit planet-warming methane emissions. Now, COP27 provides a vital opportunity to assess those measures — and time is of the essence.

The fallout from the conflict currently underway in Ukraine has brought a critical dimension now to the work underway at COP27. Western Europe’s gas supplies are now shown to be fragile — creating an even greater and urgent need for dependable supplies from renewable sources.

Through national strategies, specific projects, government incentives, and international partnerships, these nations are working to balance economic development with climate responsibility.

Title:

Content: Leading experts on climate science will gather this week in Sharm Al Sheikh in Egypt with world leaders and officials to try and set out a road map on how to keep the warming of the planet to just 1.5 degrees Celsius — the critical pressure point to prevent irreversible and permanent damage to our climate. The stakes for success in the United Nations-led COP27 could not be higher.

Already we are seeing the devastating effects of climate change on our planet and in nations across the world. Weather events are becoming more extreme as a result of the warming of our planet from our continued use of fossil fuels and other activities and lifestyles that exacerbate the greenhouse effect the world over.

This gathering in Egypt now marks the last best chance to meet that 1.5 degree ceiling. Beyond that, rising temperatures will have severe consequences that will reduce ice caps, raise sea levels, forever change the patterns of currents in our oceans, alter our natural environment and bring about devastating impacts on our flora and fauna, as well as putting even more life at risk from severe and unpredictable weather events.

Vanguard of environmental change

For Egypt, hosting COP27 is a significant vote of confidence, recognition that its government is committed to being at the vanguard of environmental change. Holding the presidency of COP27 shows the nation’s clear recognition of the gravity of the global climate challenge, and its appreciation of the value of multilateral and collective action as the only means to address the challenge of our times.

Across the wider region, the effects of climate change are seen in searing temperatures, more severe storms, greater flooding and dwindling natural water supplies that affect food production and those engaged in agriculture.

Throughout, the UAE has continued to lead the way in reducing and diversifying from fossil fuels, development and committing to clean and green energy sources.

A few days ago, the UAE and the US reached an agreement to spend $100 billion on clean energy projects, with a goal of adding 100 gigawatts globally by 2035. Under the initiative, the UAE and the US will provide technical, project management and funding assistance for commercially and environmentally sustainable energy projects in other countries.

Read more

It’s precisely these types of initiatives that will help nations reduce their dependence on fossil fuels, decrease their carbon footprints and help reach that 1.5 degree target essential in preventing our planet from becoming too warm too quickly.

Last year, at COP26 in Glasgow, countries agreed for the first time to “phase down” coal production and trim other fossil fuel subsidies. Voluntary side deals also touted plans to curb fossil fuel financing and to limit planet-warming methane emissions. Now, COP27 provides a vital opportunity to assess those measures — and time is of the essence.

The fallout from the conflict currently underway in Ukraine has brought a critical dimension now to the work underway at COP27. Western Europe’s gas supplies are now shown to be fragile — creating an even greater and urgent need for dependable supplies from renewable sources.

Title:

Content: General Supervision
Elham Aboul Fath
Editor-in-Chief
Thank you for your patience.
General Supervision
Elham Aboul Fath
Editor-in-Chief
Thank you for your patience.
Saudi Newspapers: Bloomberg Testimony
Immunization systems in the Kingdom are the best in the world.
Bin Salman has set out an ambitious plan to protect the planet.
Iran ’ s oil crisis deepens in Lebanon
Saudi newspapers published on Saturday focused on many files and issues in local, regional and international affairs.
In an editorial titled “An Ambitious Map to Protect the Planet ”, Al-Iqtisadiya newspaper said:“ Saudi Arabia has set a historic development strategy that includes a set of goals to achieve, including those related to the environment and climate conservation, especially in light of the growing global concerns over the environmental future of the planet.
Saudi Arabia is a pivotal country on the regional and global arenas, and because it has presented a series of initiatives, engaged in others, supported what can be described as "environmental empowerment", and encouraged the achievement of strong steps on its arena, in light of the Kingdom's Vision 2030, which made climate and the preservation of the global environment an integral part of it, not only in terms of preserving this environment, but through linking it to development and various economic projects.
She added that during the Saudi presidency of the last session of the "Group of 20", its period witnessed the focus on large projects with distinct objectives of preserving the environment for the future and health of mankind.
With this vision and direction, and in light of the many projects referred to, Riyadh will host next month the inaugural edition of the “Saudi Green Initiative Forum ” and the“ Middle East Green Initiative Summit ”, both of which were announced by Crown Prince Mohammed bin Salman, who has prioritized this issue.
Because they represent a major axis in the global efforts to achieve the goal of climate protection, they have received global interaction and acceptance, and this was expected, especially in light of the clear Saudi orientation in this field, and open to all proposals that ultimately serve the most important goal of protecting the earth and nature.
The Kingdom ’ s two initiatives will provide the necessary tools in this field, with the intensification of climate change in the world, almost six years after the Paris Climate Summit.
She explained that the Saudi role in the environmental field is having a pivotal impact in the face of climate change, which already contributes to the achievement of global objectives, by enabling the wheel of combating climate crises in general, through coordination and cooperation and the presentation of ideas, visions and initiatives.
What makes it more fluid in this field is the open and broad relations of Saudi Arabia globally, and its primary role in international gatherings and institutions active globally.
In addition, the approach is identical with its influential partners in other countries, and the Kingdom ’ s Climate Vision projects are closely aligned with other supporting projects and initiatives.
The Green Saudi Forum and the Green Middle East Summit will be attended by state leaders and officials, as well as CEOs of major companies, in addition to important participants from international organizations and bodies, academics, environmental specialists, and civil society institutions, an effective gathering not only for initiatives and projects, but will also adopt the necessary tools.
The two initiatives, which aim to plant 50 billion trees in the region and reduce carbon emissions by more than 10 per cent of global contributions, are in themselves tools that strengthen Saudi regional and global partnership and its unceasing efforts to stand up to the challenges of climate change, protect the planet in general and ensure a healthy environment for the generations that will live on it.
She concluded: “Saudi Arabia ’ s pioneering role in the environmental arena has already achieved effective steps over the past few years, and with the initiatives put forward by Riyadh, and those decisions that strengthen it continuously, will be to face climate change, and provide the greatest protection and preservation of the environment, strong, effective and necessary. ”
Immunization...
The Best Kingdom Worldwide
Today ’ s newspaper confirmed in an editorial entitled “Immunization. ”
The Kingdom is the best in the world that the strict rules enacted by the government of the Kingdom in the face of the Coronavirus pandemic, contributed to protecting the health of citizens and residents and ensuring their safety, and made the health situation in the Kingdom safe, and away from the epidemiological fluctuations witnessed by many countries of the world.
She pointed out that the Kingdom's adoption of the vaccine for all citizens and residents alike and free of charge, kept its economy open and a product that achieves profits in a scene unlike the economic losses suffered by many other countries.
It also makes it easier to return to normal life.
She said that the testimony of the International Bloomberg News Agency that Saudi Arabia has the best immunization systems in the world, through strict precautionary measures, reflects the efforts of the wise leadership, which directed to take proactive precautionary measures, which maintained the safety of the community, and enhanced the ability of the state to contain the virus and prevent its spread and reach the stages of safety.
Kidnapping the Lebanese Decision
Al-Riyadh newspaper said in an editorial entitled “Hijacking the Lebanese decision ”:“ Lebanon is entering a new battle no less fierce than its predecessors with the implementation of the Lebanese militia ’ s plans to bring Iranian oil, which opened the door wide to the growing Lebanese international calls that warn of the danger of this step for Lebanon internally and externally, despite the denial of Lebanese officials receiving any official request to import Iranian oil, especially under international sanctions. Confirming his arrival would be a deepening of the Lebanese crisis on the one hand, and a challenge to what is left of the Lebanese state on the other hand, as it enshrines the reality that the state militia associated with Iran is Lebanon, and that Lebanon has become an Iranian province. ”
“There is no doubt that the Lebanese official knows that the arrival of Iranian oil to Lebanon will plunge it into and around internal and external conflicts, and will benefit only the elements of the Wilayat militia, and that the basis of the fuel crisis arose from the deliberate smuggling to serve the Syrian regime.
She added: “As the Lebanese know that Iran is the one who obstructs the formation of the government, otherwise how can it allow itself to violate international laws by sending its ships to Lebanon without the approval of the Lebanese government? ”" Despite the security authorities, this will expose Lebanon to a real disaster. "
She concluded: “Leaving Lebanon in the hands of a loyal militia that behaves as it pleases in service to its masters constitutes the top of the loss of its national sovereignty as if it were an Iranian province, and makes it a cover for terrorist projects to plunge it into absurd wars that antagonize the Arabs and the world, especially since this tampering by the militia is accompanied by complete silence of the President of the Republic.“ Lebanon, its people, its economy and its existence. ”

The transition to solar and other renewable energy sources offers Middle Eastern countries the opportunity to diversify their economies, create new jobs, and establish themselves as leaders in the global fight against climate change.

Title:

Content: Saudi-US Partnership On Energy ‘Key To Global Recovery,’ FM Prince Faisal Tells WEF

By

By Daniel Fountain

The “strong partnership” between Saudi Arabia and the US in ensuring energy market stability will be a key factor in global economic recovery, Prince Faisal bin Farhan, the Kingdom’s foreign minister, told a panel at the World Economic Forum in Davos on Tuesday.

Discussing the global energy and cost-of-living crises, Prince Faisal also said that the Kingdom’s position on an OPEC+ decision last year to reduce oil output targets was correct, despite opposition from the US.

However, the Saudi minister said that the Kingdom still has a strong relationship with Washington, even if the two do not “always agree.”

As the world’s top oil exporter, Saudi Arabia has a responsibility to continue providing stability to oil markets, Prince Faisal said, adding that the Kingdom and US will continue to engage in dialogue to work toward that goal.

“We have a strong partnership with the US and we continue to work through that partnership,” he said. “That doesn’t mean we always agree. We sometimes disagree.”

Saudi Arabia is committed to transitioning toward a “clean energy future,” but the switch “could take decades,” he said.

Prince Faisal added that ensuring reliability in traditional forms of energy for the developing world, which is still catching up in adoption of clean energy solutions, is also essential, with Riyadh investing $200 billion locally and abroad in renewable energy projects in 21 other countries.

“In that interim period, we need to maintain a stable supply of traditional energies and one that is priced in a way that ensures that stability and that I think we have been able to do,” he said.

Prince Faisal also highlighted the success of Vision 2030 in transitioning the economy of the Kingdom away from a dependance on oil as a source of revenue for the government and as a proportion of its GDP.

He continued: “That process continues to go on, we are activating all kinds of areas of the economy. Unemployment is significantly down, labor force participation up, especially for women.”

He said that the global energy crisis has been exacerbated by the war in Ukraine, a conflict that has ramifications for the developing world “far beyond” Ukraine’s borders.

The world has to “find a pathway to end the conflict,” he said.

The Kingdom’s strong dialogue with the US is in stark contrast to its relations with Iran, but Prince Faisal told the WEF panel that Saudi Arabia had “reached out” to Tehran in an attempt to find a path to dialogue.

“Focusing on development rather than geopolitical affairs is a strong signal to Iran and others in the region that there are other paths to work together and achieve prosperity,” he said.

“Whenever there is cooperation in the region, we achieve prosperity for the peoples of the region,” he added.

Arab News

Arab News is Saudi Arabia's first English-language newspaper. It was founded in 1975 by Hisham and Mohammed Ali Hafiz. Today, it is one of 29 publications produced by Saudi Research & Publishing Company (SRPC), a subsidiary of Saudi Research & Marketing Group (SRMG).

Title:

Content: Leading experts on climate science will gather this week in Sharm Al Sheikh in Egypt with world leaders and officials to try and set out a road map on how to keep the warming of the planet to just 1.5 degrees Celsius — the critical pressure point to prevent irreversible and permanent damage to our climate. The stakes for success in the United Nations-led COP27 could not be higher.

Already we are seeing the devastating effects of climate change on our planet and in nations across the world. Weather events are becoming more extreme as a result of the warming of our planet from our continued use of fossil fuels and other activities and lifestyles that exacerbate the greenhouse effect the world over.

This gathering in Egypt now marks the last best chance to meet that 1.5 degree ceiling. Beyond that, rising temperatures will have severe consequences that will reduce ice caps, raise sea levels, forever change the patterns of currents in our oceans, alter our natural environment and bring about devastating impacts on our flora and fauna, as well as putting even more life at risk from severe and unpredictable weather events.

Vanguard of environmental change

For Egypt, hosting COP27 is a significant vote of confidence, recognition that its government is committed to being at the vanguard of environmental change. Holding the presidency of COP27 shows the nation’s clear recognition of the gravity of the global climate challenge, and its appreciation of the value of multilateral and collective action as the only means to address the challenge of our times.

Across the wider region, the effects of climate change are seen in searing temperatures, more severe storms, greater flooding and dwindling natural water supplies that affect food production and those engaged in agriculture.

Throughout, the UAE has continued to lead the way in reducing and diversifying from fossil fuels, development and committing to clean and green energy sources.

A few days ago, the UAE and the US reached an agreement to spend $100 billion on clean energy projects, with a goal of adding 100 gigawatts globally by 2035. Under the initiative, the UAE and the US will provide technical, project management and funding assistance for commercially and environmentally sustainable energy projects in other countries.

Read more

It’s precisely these types of initiatives that will help nations reduce their dependence on fossil fuels, decrease their carbon footprints and help reach that 1.5 degree target essential in preventing our planet from becoming too warm too quickly.

Last year, at COP26 in Glasgow, countries agreed for the first time to “phase down” coal production and trim other fossil fuel subsidies. Voluntary side deals also touted plans to curb fossil fuel financing and to limit planet-warming methane emissions. Now, COP27 provides a vital opportunity to assess those measures — and time is of the essence.

The fallout from the conflict currently underway in Ukraine has brought a critical dimension now to the work underway at COP27. Western Europe’s gas supplies are now shown to be fragile — creating an even greater and urgent need for dependable supplies from renewable sources.

Title:

Content: 19 °C Rabat

News
Wednesday 3 November 2021

COP26: Head of Government Holds Talks with Emirati Minister of Industry and Advanced Technology

The Head of Government Aziz Akhannouch on Tuesday held talks with the Emirati minister of Industry and Advanced Technology, Sultan bin Ahmad Al Jaber, on the sidelines of the 26th United Nations Conference of the Parties on Climate Change (COP26).

In a statement to the press following the meeting, the Emirati minister said that the two countries are working together to strengthen cooperation in the fields of energy, renewable energy and climate action.

He also expressed his "pride in the historical, strategic and fraternal ties that unite the United Arab Emirates and the Kingdom of Morocco."

For his part, Akhannouch welcomed the role played by the United Arab Emirates in the energy transition worldwide, through its multiple investments in the field of renewable energy.

He also said that the speech of HM King Mohammed VI sent to the COP 26 is of major importance as it emphasizes the need to act, a step that Morocco has already taken by contributing to global climate action and implementing national measures that were adopted at the previous climate summits.

It is in this perspective that investments in many sectors in Morocco take into account the issue of sustainability, he pointed out.

MAP 02 November 2021

While challenges remain, particularly in balancing traditional and renewable energy sources, the progress made so far demonstrates the region's commitment to building a more sustainable energy future.

Title:

Content: Saudi-US Partnership On Energy ‘Key To Global Recovery,’ FM Prince Faisal Tells WEF

By

By Daniel Fountain

The “strong partnership” between Saudi Arabia and the US in ensuring energy market stability will be a key factor in global economic recovery, Prince Faisal bin Farhan, the Kingdom’s foreign minister, told a panel at the World Economic Forum in Davos on Tuesday.

Discussing the global energy and cost-of-living crises, Prince Faisal also said that the Kingdom’s position on an OPEC+ decision last year to reduce oil output targets was correct, despite opposition from the US.

However, the Saudi minister said that the Kingdom still has a strong relationship with Washington, even if the two do not “always agree.”

As the world’s top oil exporter, Saudi Arabia has a responsibility to continue providing stability to oil markets, Prince Faisal said, adding that the Kingdom and US will continue to engage in dialogue to work toward that goal.

“We have a strong partnership with the US and we continue to work through that partnership,” he said. “That doesn’t mean we always agree. We sometimes disagree.”

Saudi Arabia is committed to transitioning toward a “clean energy future,” but the switch “could take decades,” he said.

Prince Faisal added that ensuring reliability in traditional forms of energy for the developing world, which is still catching up in adoption of clean energy solutions, is also essential, with Riyadh investing $200 billion locally and abroad in renewable energy projects in 21 other countries.

“In that interim period, we need to maintain a stable supply of traditional energies and one that is priced in a way that ensures that stability and that I think we have been able to do,” he said.

Prince Faisal also highlighted the success of Vision 2030 in transitioning the economy of the Kingdom away from a dependance on oil as a source of revenue for the government and as a proportion of its GDP.

He continued: “That process continues to go on, we are activating all kinds of areas of the economy. Unemployment is significantly down, labor force participation up, especially for women.”

He said that the global energy crisis has been exacerbated by the war in Ukraine, a conflict that has ramifications for the developing world “far beyond” Ukraine’s borders.

The world has to “find a pathway to end the conflict,” he said.

The Kingdom’s strong dialogue with the US is in stark contrast to its relations with Iran, but Prince Faisal told the WEF panel that Saudi Arabia had “reached out” to Tehran in an attempt to find a path to dialogue.

“Focusing on development rather than geopolitical affairs is a strong signal to Iran and others in the region that there are other paths to work together and achieve prosperity,” he said.

“Whenever there is cooperation in the region, we achieve prosperity for the peoples of the region,” he added.

Arab News

Arab News is Saudi Arabia's first English-language newspaper. It was founded in 1975 by Hisham and Mohammed Ali Hafiz. Today, it is one of 29 publications produced by Saudi Research & Publishing Company (SRPC), a subsidiary of Saudi Research & Marketing Group (SRMG).

As the world continues to grapple with climate change, the Middle East's energy transition strategies offer valuable insights into how fossil fuel-producing regions can transform their energy landscapes while maintaining economic stability and contributing to global climate goals.

Title:

Content: Chairman of the Board of Directors and Editors
I'm sorry.
Mohamad Elbaz
Editor-in-Chief
Wael Lotfy
Chairman of the Board of Directors and Editors
I'm sorry.
Mohamad Elbaz
Editor-in-Chief
Wael Lotfy
African magazine: Egypt has huge potential for renewable energy
The African magazine ESI Africa, which specializes in energy news, said that Egypt is ready to meet its 2035 wind energy target and has a huge potential for renewable energy.
The magazine added that the Egyptian government has put a number of measures in place to encourage the use of renewable energy sources.
To meet the rapidly growing demand for energy, the Egyptian government has pursued an energy diversification strategy known as the Integrated Sustainable Energy Strategy, which aims to maintain the security and stability of the country ’ s energy supply.
Of the renewable energy target of 42%, the strategy planned wind power to compensate for 12% - the rest comes from small solar and hydro projects, to achieve these goals, the country has worked to increase its capacity for wind energy rapidly.
Egypt is known to have some of the best wind power sources in the world on the eastern and western banks of the Nile, as well as in the Gulf of Suez, and with high wind speeds of up to 9-10 meters per second, and strong investments in this area, GlobalData estimates that the country should easily achieve its wind power target.
Wind power is expected to account for 12.2% of total annual generation in 2035.
Due to the climate, the country ’ s solar energy potential is also high, and the Ministry of Electricity and Renewable Energy (MoERE) has introduced a Net Metering and Nutrition (FiT) tariff, and tax incentives to boost renewable energy generation.
The African magazine ESI Africa, which specializes in energy news, said that the Egyptian government is taking concrete steps to enhance energy security and preserve the country ’ s natural resources in light of the escalating changes taking place in the world, confirming its readiness to host the World Climate Conference “COP 27 ” scheduled to be held in Sharm El-Sheikh in November this year.
In this regard, Egypt signed an agreement with Saudi Arabia to build the largest wind power plant in the Middle East, with investments of $1.5 billion.

Title:

Content: Saudi-US Partnership On Energy ‘Key To Global Recovery,’ FM Prince Faisal Tells WEF

By

By Daniel Fountain

The “strong partnership” between Saudi Arabia and the US in ensuring energy market stability will be a key factor in global economic recovery, Prince Faisal bin Farhan, the Kingdom’s foreign minister, told a panel at the World Economic Forum in Davos on Tuesday.

Discussing the global energy and cost-of-living crises, Prince Faisal also said that the Kingdom’s position on an OPEC+ decision last year to reduce oil output targets was correct, despite opposition from the US.

However, the Saudi minister said that the Kingdom still has a strong relationship with Washington, even if the two do not “always agree.”

As the world’s top oil exporter, Saudi Arabia has a responsibility to continue providing stability to oil markets, Prince Faisal said, adding that the Kingdom and US will continue to engage in dialogue to work toward that goal.

“We have a strong partnership with the US and we continue to work through that partnership,” he said. “That doesn’t mean we always agree. We sometimes disagree.”

Saudi Arabia is committed to transitioning toward a “clean energy future,” but the switch “could take decades,” he said.

Prince Faisal added that ensuring reliability in traditional forms of energy for the developing world, which is still catching up in adoption of clean energy solutions, is also essential, with Riyadh investing $200 billion locally and abroad in renewable energy projects in 21 other countries.

“In that interim period, we need to maintain a stable supply of traditional energies and one that is priced in a way that ensures that stability and that I think we have been able to do,” he said.

Prince Faisal also highlighted the success of Vision 2030 in transitioning the economy of the Kingdom away from a dependance on oil as a source of revenue for the government and as a proportion of its GDP.

He continued: “That process continues to go on, we are activating all kinds of areas of the economy. Unemployment is significantly down, labor force participation up, especially for women.”

He said that the global energy crisis has been exacerbated by the war in Ukraine, a conflict that has ramifications for the developing world “far beyond” Ukraine’s borders.

The world has to “find a pathway to end the conflict,” he said.

The Kingdom’s strong dialogue with the US is in stark contrast to its relations with Iran, but Prince Faisal told the WEF panel that Saudi Arabia had “reached out” to Tehran in an attempt to find a path to dialogue.

“Focusing on development rather than geopolitical affairs is a strong signal to Iran and others in the region that there are other paths to work together and achieve prosperity,” he said.

“Whenever there is cooperation in the region, we achieve prosperity for the peoples of the region,” he added.

Arab News

Arab News is Saudi Arabia's first English-language newspaper. It was founded in 1975 by Hisham and Mohammed Ali Hafiz. Today, it is one of 29 publications produced by Saudi Research & Publishing Company (SRPC), a subsidiary of Saudi Research & Marketing Group (SRMG).

Title:

Content: ...
...
...
...
Economy of Jordan
Energy Ministry: Jordan committed to reducing emissions by 31% by 2030
Carbon reduction targets rise from previously announced levels of 14%
Posted in: Last Updated:
The Planning Directorate at the Jordanian Ministry of Energy and Mineral Resources, Shurooq Abdul Ghani, said that Jordan is committed to implementing the strategic criteria of the Green Middle East Summit to meet the challenges of the effects of climate change and reduce emissions to 31% by 2030.
In an interview with Al-Arabiya, Shurooq explained that the Middle East Initiative launched by Saudi Arabia and the high level participation in this initiative confirms that climate change transcends all borders.
Participation in the initiative requires countries to adapt to the challenges and impacts of climate change.
Jordan has increased its commitment to reduce harmful emissions from 14% to 31% by 2030, reflecting the Kingdom ’ s commitment to meet its challenges.
She said that the energy sector is one of the important sectors that has a great impact in facing the effects of climate change as the shift towards renewable energy is necessary, noting that the share of renewable energy in electricity generation in Jordan reaches 25%.
“Jordan ’ s energy sector strategy for the years 2020-2030 includes a number of programs and projects aimed at addressing the challenges and the transition to clean energy, ” she added.

Title:

Content: Skip to content

UAE Accelerates Plan to Increase Its Oil Production Capacity

  • Adnoc wants to be able to pump 5 million barrels daily by 2025
  • UAE aims to cash in on oil reserves before energy transition

The United Arab Emirates has accelerated a plan to raise its oil production capacity, according to people familiar with the matter, as it tries to cash in on its crude reserves before the world transitions to cleaner energy.

Abu Dhabi National Oil Co., which pumps almost all the UAE’s oil, wants to be able to produce 5 million barrels of crude a day by 2025, according to the people. That’s sooner than a previously disclosed aim of 2030.

Title:

Content: Leading experts on climate science will gather this week in Sharm Al Sheikh in Egypt with world leaders and officials to try and set out a road map on how to keep the warming of the planet to just 1.5 degrees Celsius — the critical pressure point to prevent irreversible and permanent damage to our climate. The stakes for success in the United Nations-led COP27 could not be higher.

Already we are seeing the devastating effects of climate change on our planet and in nations across the world. Weather events are becoming more extreme as a result of the warming of our planet from our continued use of fossil fuels and other activities and lifestyles that exacerbate the greenhouse effect the world over.

This gathering in Egypt now marks the last best chance to meet that 1.5 degree ceiling. Beyond that, rising temperatures will have severe consequences that will reduce ice caps, raise sea levels, forever change the patterns of currents in our oceans, alter our natural environment and bring about devastating impacts on our flora and fauna, as well as putting even more life at risk from severe and unpredictable weather events.

Vanguard of environmental change

For Egypt, hosting COP27 is a significant vote of confidence, recognition that its government is committed to being at the vanguard of environmental change. Holding the presidency of COP27 shows the nation’s clear recognition of the gravity of the global climate challenge, and its appreciation of the value of multilateral and collective action as the only means to address the challenge of our times.

Across the wider region, the effects of climate change are seen in searing temperatures, more severe storms, greater flooding and dwindling natural water supplies that affect food production and those engaged in agriculture.

Throughout, the UAE has continued to lead the way in reducing and diversifying from fossil fuels, development and committing to clean and green energy sources.

A few days ago, the UAE and the US reached an agreement to spend $100 billion on clean energy projects, with a goal of adding 100 gigawatts globally by 2035. Under the initiative, the UAE and the US will provide technical, project management and funding assistance for commercially and environmentally sustainable energy projects in other countries.

Read more

It’s precisely these types of initiatives that will help nations reduce their dependence on fossil fuels, decrease their carbon footprints and help reach that 1.5 degree target essential in preventing our planet from becoming too warm too quickly.

Last year, at COP26 in Glasgow, countries agreed for the first time to “phase down” coal production and trim other fossil fuel subsidies. Voluntary side deals also touted plans to curb fossil fuel financing and to limit planet-warming methane emissions. Now, COP27 provides a vital opportunity to assess those measures — and time is of the essence.

The fallout from the conflict currently underway in Ukraine has brought a critical dimension now to the work underway at COP27. Western Europe’s gas supplies are now shown to be fragile — creating an even greater and urgent need for dependable supplies from renewable sources.

Title:

Content: ECONOMY
He said the kingdom is a model to follow.
Energy Minister: 130 GW of renewable energy in years
Albilad – Riyadh
Energy Minister Prince Abdulaziz bin Salman said the kingdom aims to add 20 gigawatts of renewable energy annually to reach 100 to 130 gigawatts of renewable energy before 2030.
His Highness added in his speech during the opening of the Smart Grid Conference 2023 in Riyadh: We are ready to export electricity to up to 150 gigawatts, whether green or hydrogen electricity, and we are determined to move in a model in various fields and one day you will see Saudi Arabia as a model to follow.
The Kingdom doubled its capacity from 700 MW last year to more than 2.2 GW, with more than 8 GW of renewable energy under construction and 13 GW in various stages of development, and plans to bid by 20 GW in 2024 and become a major source of green hydrogen globally. The path of transformation in the energy sector.
The Kingdom seeks to become one of the world ’ s leading exporters of hydrogen and electricity from low-emission sources, leveraging its capacity to produce hydrogen and generate electricity from low-emission sources at a competitive cost.
The Kingdom has the resources from renewable energy, natural gas and carbon sinks to export hydrogen and is strategically located close to the world ’ s largest demand centers.
Initiatives and investments
The Kingdom is implementing more than 80 initiatives in the public and private sectors with investments worth more than 705 billion riyals ($188 billion), to build a more sustainable future for all.
The Kingdom is on track to achieve its goal of reducing carbon emissions by 278 million tons per year by 2030.
The Kingdom aims to achieve an optimal energy mix for electricity production of approximately 50% for natural gas and 50% for renewable energy by 2030, which will replace up to 1 million barrels of liquid fuel equivalent currently in use.
Since 2022, the Kingdom has connected 2,100 megawatts of renewable energy projects to the national electricity grid, bringing the total capacity of renewable energy sources used to 2,800 megawatts (2.8 gigawatts), enough to power more than 520,000 homes.
This achievement represents a 300 per cent increase in total capacity and highlights the Kingdom ’ s continued progress in accelerating the energy transition.
By the end of the year 2023, the production capacity of renewable energy projects under construction will be more than 8 gigawatts.
In addition, a number of additional projects with a capacity of approximately 13 GW are at various stages of development.
As part of the ongoing efforts to transform the national energy mix, the Kingdom has launched a number of projects aimed at reducing dependence on liquid fuel and replacing it with gas for electricity generation. By December 2023, four high-efficiency gas-fired power plants with a total capacity of approximately 5,600 megawatts had been put into operation.
The Kingdom is also currently building high-efficiency CCS plants with a total capacity of approximately 8.4 GW.
As part of its ongoing investment in the development of future fuels, the Kingdom continues to make significant progress on the construction of the world ’ s largest green hydrogen plant in NEOM with a total investment of $8.4 billion.
The Kingdom also signed a number of bilateral agreements with a number of international companies in 2023 to cooperate in the production and export of clean and green hydrogen in the Kingdom.

Title:

Content: ...
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Environmental Variability Type of Economy
Abdul-Aziz Al-Jarallah
Posted in: Last Updated:
The area of   the Kingdom was seen as geographical manifestations without delving into its composition and stock, except for the sources of oil and gas after it was discovered in economic quantities for export and sale, it is true that they are geographical manifestations and regions different in composition, but they also have many advantages, including:
- To the west of the Red Sea is about 2600 kilometers from the south of Jazan to the north of Tabuk, and includes islands and bays.
- To the west also the western highlands a mountain range from Jazan to Tabuk where agriculture, forestry and tourist resorts.
- In the middle are many plateaus, the largest of which is the plateau of Nejd, Hirat, steppes and nature reserves.
- To the east, sand dunes begin in the form of an eastern arch from the north, the great Nafud to the basin of the Empty Quarter to the south, carrying within them minerals, oases and industries.
- The easternmost Arabian Gulf with its islands and beaches with a length of 1200 km.
These environmental and geographical formations within them are bounties that man lived on this land for thousands of years, but did not invest these assets, until the initiative: Saudi Vision 2030.
This vision will not be limited to 2030, but may develop its programs to 2050 and expand investments because our reserves of energy and natural geographical formations of mountains, plateaus, solid metals, tourist environments, seas, beaches, ports and various means of transport, all confirm that the Kingdom is a huge reservoir of natural resources, if we invest in it, and seek to diversify sources of income. Through other pillars other than oil, we will enjoy an economy that is growing non-stop, and we will have a generation of young people able to manage its own affairs, not as it was previously full dependence on oil sales only, so that we reach economic decline if oil prices fall and projects stop, and also was almost full dependence on non-Saudi human resources, and the capabilities of our youth were almost disrupted. She is a professional trainer and has the ability to create and give.
Moving from "Island"
Disclaimer: All published articles represent the opinion of their authors only.

Title:

Content: 19 °C Rabat

News
Wednesday 3 November 2021

COP26: Head of Government Holds Talks with Emirati Minister of Industry and Advanced Technology

The Head of Government Aziz Akhannouch on Tuesday held talks with the Emirati minister of Industry and Advanced Technology, Sultan bin Ahmad Al Jaber, on the sidelines of the 26th United Nations Conference of the Parties on Climate Change (COP26).

In a statement to the press following the meeting, the Emirati minister said that the two countries are working together to strengthen cooperation in the fields of energy, renewable energy and climate action.

He also expressed his "pride in the historical, strategic and fraternal ties that unite the United Arab Emirates and the Kingdom of Morocco."

For his part, Akhannouch welcomed the role played by the United Arab Emirates in the energy transition worldwide, through its multiple investments in the field of renewable energy.

He also said that the speech of HM King Mohammed VI sent to the COP 26 is of major importance as it emphasizes the need to act, a step that Morocco has already taken by contributing to global climate action and implementing national measures that were adopted at the previous climate summits.

It is in this perspective that investments in many sectors in Morocco take into account the issue of sustainability, he pointed out.

MAP 02 November 2021