Bahraini Leadership Congratulates Custodian of the Two Holy Mosques, HRH Crown Prince on Big Success of Formula 1 STC Saudi Arabian Grand Prix    Arab Justice Ministers Commence 37th Session    Saudi ministry stresses need for wearing masks, social distancing in mosques    Pakistani education minister lauds Saudi e-learning success during the pandemic    Saudi Arabia, Pakistan sign agreement on labor recruitment    Myanmar court sentences ousted leader Suu Kyi to four years jail    Japan Reports 3rd Case of Omicron Variant in Traveller who Had Been in Italy    Minister of Investment Receives Minister Delegate for Foreign Trade and Economic Attractiveness of France    UAE condemns terrorist Houthi militia attempt to target Saudi Arabia with drones    India reports 8,895 new infections of coronavirus    Germany Records 27,836 New COVID-19 Cases    Trafficking is a crime that can happen in front of our eyes: UNODC    Veteran US Republican leader Bob Dole dies aged 98    5-day Jeddah international motor show starts Today at 6 PM    Nazaha arrests 250 government staff on charges of corruption    MoH: Wearing mask is mandatory in crowded open areas    Lewis Hamilton wins thrilling Saudi Arabian Grand Prix    Crown Prince attends inaugural Saudi Arabian Grand Prix    Custodian of the Two Holy Mosques Sends Written Message to Sultan of Oman    Saudi Stock Exchange Main Index Ends Trading Higher at 11,142 Points    Jeddah international motor show to kick off Monday    Saudia, CFM sign SR32 billion LEAP-1A engines purchase agreement    RSNF launches last warship of Sarawat Corvette Project in Spain    Deputy Governor of Hail: Hail International Rally is a practical translation of the wise leadership's support    Hail International Rally to Kick off Tomorrow    SAMI, Airbus to Form Joint Venture for Military Aviation MRO and Services    Saudi Aramco, French Companies Sign Agreements    MODON Takes Part in Inlet Europe 2021 Summit in Italy    Asian Handball Federation Representatives Conclude Inspecting Sports Facilities in Eastern Region    Formula 1 STC Saudi Arabian Grand Prix 2021 Official Race to Kick off Tomorrow in Jeddah    Hamilton sets pace in free trials in Formula 1 STC Saudi Arabian Grand Prix    Invest in Saudi Arabia initiative announces partnership with F1 Saudi Grand Prix    Red Sea Immersive to provide enthralling experience: Liz Rosenthal    Duchess of Sussex wins latest court battle with Mail on Sunday publisher    Trolls join UN campaign for healthier eating, sustainable living    BIENALSUR Exhibition arrives in Jeddah at historic site of Qasr Khuzam    Saudi Hind Al-Showaier Elected Regional Director of World Federation of the Deaf    Saudi Film Commission launch its strategy to develop film and cinema sector    Bollywood superstar Salman Khan to dazzle Riyadh Season on Dec. 10    First Full International Marathon in Saudi Arabia to be Held in March 2022    Winter Wonderland Circus Amazes Audience with Thrilling Acrobatic Shows    Bollywood star's 'India got freedom in 2014' remark stirs controversy    23 Saudi women obtain favorable verdicts in 'adhl' lawsuits    Bride's fingerprint not required in revised e-marriage contract    Pilgrims Perform Dhuhr and Asr Prayers at Arafat Holy Site    Council of Senior Scholars: Muslim Brothers' Group Don't Represent Method of Islam, rather only Follows its Partisan Objectives, Violating our Graceful Religion    Eid Al-Adha Prayer Performed at the Grand Holy Mosque    Pilgrims Perform Dhuhr and Asr Prayers in Arafat Holy Site    

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

Crown Prince launches series of regional initiatives for climate action at MEGI Summit Ushering in a new green era for Mideast region
Published in The Saudi Gazette on 25 - 10 - 2021

RIYADH — Crown Prince Muhammad Bin Salman, deputy premier and minister of defense, announced a series of regional programs for climate action to an audience of dozens of heads of state from across the MENA region at the Middle East Green Initiative Summit here.
"Today, we are ushering in a new green era for the region; in which we are collectively leading and reaping its fruits, in our joint belief that the effects of climate change are not limited to the natural environment only, but also to the economy and security of our nations."
In continuance of the Kingdom's leading role in the development of global energy markets, Crown Prince announced the establishment of a fund to invest in Carbon Circular Economy technology solutions for the region.
This is in addition to a regional initiative that contributes to providing solutions for "clean" energy sources for cooking to more than 750 million people in the world. "These two initiatives are valued at roughly SR39 billion, and the Kingdom will contribute roughly 15% in funding that."
"We will also work with countries, regional and global development banks to discuss funding and execution solutions to these initiatives," he said.
Crown Prince announced that Saudi Arabia will establish a Cooperative Platform to implement the concepts of Circular Carbon Economy (CCE), a regional hub for climate change, develop a regional center for Carbon Capture, Utilization, and Storage (CCUS), a regional center for early warning of storms; a regional center for sustainable development of fisheries; and a regional cloud seeding program.
These centers and programs will play a major role in establishing the necessary infrastructure to protect the environment, reduce emissions and raise the level of regional coordination.
He also announced the establishment of the Green Initiative Foundation, as a non-profit organization to support the agenda of the summit, to raise the level of coordination.
"Saudi Arabia believes that traditional energy sources were the primary reason for the transformation underwent by the regional and global countries from traditional agricultural economies to globally active economies and the catalyst towards the fastest economic growth ever known to mankind," Crown Prince said.
"Despite that, we believe that climate change is an economic opportunity for our citizens and the private sector, which, stimulated by the Middle East Green Initiative, will create quality jobs and encourage innovation in the region."
"We gather at this summit to join forces and coordinate our efforts to protect the environment, confront climate change, and develop a roadmap towards reducing carbon emissions in the region by more than 10% of global contribution, and plant 50 billion trees in the region, though the largest tree-planting program globally, this will contribute to achieving 5% of the global target for afforestation."
"Today, in the first edition of this summit, we aim to work together to develop a regional road map and a framework to enable the achievement of these ambitious targets," Crown Prince said.
"There are gaps in the regional climate action system. And through coordinating regional efforts and sharing experiences and technologies, we can accelerate achievements in our initiatives."
Crown Prince said facing climate change requires us to jointly work towards developing advanced technologies and creating the appropriate environment to finance them, preserving our region's natural treasures, and strengthening our cooperation.

Clic here to read the story from its source.