Flash floods, landslides kill 8 in northern Vietnam, 3 missing    Saudi Arabia approves new Medical Referral Center with 15 key responsibilities    Saudi Arabia produces over 122,000 tons of high-quality local grapes during peak summer season    Saudi Arabia detains over 22,000 residency, labor, and border violators in one week    Hamas says it will not disarm without fully sovereign Palestinian state    Canada rejects claims of ongoing arms exports to Israel    Israeli strikes kill at least 18 in Gaza as aid seekers face deadly fire    HR ministry proposes strict rules for advertising domestic labor services    Saudi Gazette publishes full text of new foreign property ownership law The law grants non-Saudis broader real estate rights under defined conditions while imposing restrictions in Makkah and Madinah    Saudi anti-graft authority investigates 425 employees, detains 142 in July corruption cases    Saudi Arabia's real GDP grows 3.9% in Q2 2025 on broad-based economic expansion    Sotheby's returns Buddha jewels to India after uproar    Riyadh Film Music Festival returns with live orchestral performances of iconic movie scores    Saudi, Russian energy ministers discuss oil market and joint committee plans    Nissan Formula E Team celebrates a landmark season 11 with proud Saudi sponsor Electromin    Fahad bin Nafel steps down as Al Hilal president after historic six-year run    João Félix unveiled by Al Nassr as €50m move marks bold new chapter in Riyadh    Saudi Arabia approves first Alzheimer's treatment with lecanemab for early-stage patients    Chris Tucker, Pete Davidson and Aziz Ansari among stars set for Riyadh Comedy Festival    Al Nassr beat Benfica to €50m João Félix signing after Ronaldo, Jesus intervene    Sholay: Bollywood epic roars back to big screen after 50 years with new ending    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    Pakistani star's Bollywood return excites fans and riles far right    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Facilitate investments in all energy sources: Al-Falih
Published in The Saudi Gazette on 01 - 07 - 2016

Khalid Al-Falih, minister of energy, industry and mineral resources, called upon the international community to work together in order to maintain a sufficient and reliable supply of energy while reducing emissions causing greenhouse gases to the lowest possible level, while pointing out challenges faced by the international community in order to balance the goals of economy, energy and environment.
Al-Falih also highlighted Saudi Arabia's efforts to promote preservation of the environment. During the ministerial meeting of the energy ministers of Group of Twenty (G20) in Beijing, Al-Falih said: "The international community must work towards ensuring that all the world's population, which is growing, obtain clean energy. Therefore, the world will still need to use all forms of energy to meet this growing demand."
"In light of various technical and economic challenges faced by the energy alternatives, we have to realize that fossil fuel will remain the main core to meet the global demand for energy for the coming decades," he added.
The minister provided a plan based on five areas to meet global goals in the fields of economy, energy and environment combining investment, technology, energy efficiency, clean natural gas and renewable energy.
"This plan aims to obtain an adequate supply of energy. We have to facilitate investments in all energy sources, without discrimination, including investments in technology to make all energy sources environmentally friendly. Innovation and technology must be strategic pillars to reduce the environmental impacts of the energy usage as well as focusing on energy efficiency. We have to take advantage of cleaner natural gas in order to achieve a significant reduction in carbon emissions," Al-Falih said.
He added that the international community should develop a policy based on voluntary participation and contributions of all states within a framework of achieving fundamental goals of economic growth and environmental sustainability.
Al-Falih also highlighted the Kingdom's energy policy ensuring its continuation in supplying the global markets with energy.
Saudi Arabia also concentrates its efforts in the field of developing energy to obtain cleaner gas. The Kingdom also applies an ambitious program regarding efficiency of energy consumption in the Kingdom in the fields of transportation, housing and commercial buildings and industrial areas in order to reduce the intensity of energy consumption.
The Kingdom also plans to pump more investments in the field of renewable energy, particularly in the field of solar power.
The G20 meeting of the energy ministers is focused on a number of issues pertaining to energy, natural gas, climate change and sustainable development.
The minister also held a number of bilateral meetings with heads of delegations participating in the G20 meeting, including China, the United States, Italy, Japan, the United Kingdom and Germany. During the meetings, bilateral relations and issues of common interest were discussed.


Clic here to read the story from its source.