Saudi Press

Saudi Arabia and the world
Tuesday, Aug 26, 2025

Muhammad bin Salman warns against avoiding key energy sources

Muhammad bin Salman warns against avoiding key energy sources

Saudi Prince Mohammed bin Salman stressed that the major challenges the world is facing recently due to the “Covid-19” epidemic and geopolitical conditions require international efforts to restore the global economy and achieve food and health security.
In a speech on behalf of Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud at the Jeddah Summit for Security and Development, he expressed hope that the summit would create and deepen a new era of joint cooperation. The strategic partnership between our countries and the United States to serve common interests and promote security and development in this important region for the entire world.

He explained that the environmental challenges the world is currently facing, especially climate change and the commitment of the international community to maintain the Earth’s temperature as per the Paris Agreement, must be dealt with realistically and responsibly to achieve sustainable development. , by adopting a “balanced approach” towards more sustainable energy sources through a gradual and responsible transition that takes into account the circumstances and priorities of each country.

He said: Adopting unrealistic policies to reduce emissions, bypassing key energy sources and not taking into account the impact of these policies on the social and economic pillars of sustainable development and global supply chains, will lead to unprecedented inflation in the coming years. Rising energy prices, increasing unemployment and exacerbating serious social and security problems. , including an increase in poverty and famine and an increase in crime, extremism and terrorism.

He emphasized that the growth of the global economy, benefiting from all available energy sources in the world, including hydrocarbons, and limiting their emissions through clean technologies, improves the possibility of reaching a zero neutral position by 2050 or earlier. Power supply security.

He added: The Kingdom has adopted a circular carbon economy approach in line with its development plans and adopted a balanced approach to achieve net neutrality in carbon emissions by implementing its economic diversification without affecting growth and supply chains, while developing technologies with global contributions to “Green Saudi Arabia” and “Green Middle East”. “Emissions by Initiatives. To support these efforts locally and regionally.

He stressed the importance of continuing to invest in fossil energy and its clean technologies, and promoting this over the next two decades to meet growing global demand. Their investments should avoid hesitancy to invest and ensure that there is no shortage of energy supply affecting the global economy.

Prince Mohammed bin Salman said: “The Kingdom will play its part in this sector as it announced an increase in production capacity of 13 million barrels per day,” adding, “After that, the Kingdom will have no additional capacity to increase production.”

He stressed that the future of the region that we seek must be achieved with a vision that prioritizes achieving security, stability and prosperity, mutual respect among regional countries, strengthening common cultural and social bonds and addressing security and political challenges. Towards achieving comprehensive economic growth.
Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
Iran Faces Escalating Water Crisis as Protests Spread
More Than Half a Million Evacuated as Typhoon Kajiki Heads for Vietnam
HSBC Switzerland Ends Relationships with Over 1,000 Clients from Saudi Arabia, Lebanon, Qatar, and Egypt
Sharia Law Made Legally Binding in Austria Despite Warnings Over 'Incompatible' Values
Dogfights in the Skies: Airbus on Track to Overtake Boeing and Claim Aviation Supremacy
Tim Cook Promises an AI Revolution at Apple: "One of the Most Significant Technologies of Our Generation"
Are AI Data Centres the Infrastructure of the Future or the Next Crisis?
Miles Worth Billions: How Airlines Generate Huge Profits
Zelenskyy Returns to White House Flanked by European Allies as Trump Pressures Land-Swap Deal with Putin
Beijing is moving into gold and other assets, diversifying away from the dollar
Cristiano Ronaldo Makes Surprise Stop at New Hong Kong Museum
Zelenskyy to Visit Washington after Trump–Putin Summit Yields No Agreement
High-Stakes Trump-Putin Summit on Ukraine Underway in Alaska
Iranian Protection Offers Chinese Vehicle Shipments a Cost Advantage over Japanese and Korean Makers
Saudi Arabia accelerates renewables to curb domestic oil use
Cristiano Ronaldo and Georgina Rodríguez announce engagement
Asia-Pacific dominates world’s busiest flight routes, with South Korea’s Jeju–Seoul corridor leading global rankings
Private Welsh island with 19th-century fort listed for sale at over £3 million
Sam Altman challenges Elon Musk with plans for Neuralink rival
Australia to Recognize the State of Palestine at UN Assembly
The Collapse of the Programmer Dream: AI Experts Now the Real High-Earners
Armenia and Azerbaijan to Sign US-Brokered Framework Agreement for Nakhchivan Corridor
British Labour Government Utilizes Counter-Terrorism Tools for Social Media Monitoring Against Legitimate Critics
WhatsApp Deletes 6.8 Million Scam Accounts Amid Rising Global Fraud
Nine people have been hospitalized and dozens of salmonella cases have been reported after an outbreak of infections linked to certain brands of pistachios and pistachio-containing products, according to the Public Health Agency of Canada
Texas Residents Face Water Restrictions While AI Data Centers Consume Millions of Gallons
Tariffs, AI, and the Shifting U.S. Macro Landscape: Navigating a New Economic Regime
India Rejects U.S. Tariff Threat, Defends Russian Oil Purchases
United States Establishes Strategic Bitcoin Reserve and Digital Asset Stockpile
Thousands of Private ChatGPT Conversations Accidentally Indexed by Google
China Tightens Mineral Controls, Curtailing Critical Inputs for Western Defence Contractors
OpenAI’s Bold Bet: Teaching AI to Think, Not Just Chat
BP’s Largest Oil and Gas Find in 25 Years Uncovered Offshore Brazil
JPMorgan and Coinbase Unveil Partnership to Let Chase Cardholders Buy Crypto Directly
British Tourist Dies Following Hair Transplant in Turkey, Police Investigate
WhatsApp Users Targeted in New Scam Involving Account Takeovers
Trump Deploys Nuclear Submarines After Threats from Former Russian President Medvedev
Germany’s Economic Breakdown and the Return of Militarization: From Industrial Collapse to a New Offensive Strategy
IMF Upgrades Global Growth Forecast as Weaker Dollar Supports Outlook
Politics is a good business: Barack Obama’s Reported Net Worth Growth, 1990–2025
"Crazy Thing": OpenAI's Sam Altman Warns Of AI Voice Fraud Crisis In Banking
Japanese Prime Minister Vows to Stay After Coalition Loses Upper House Majority
President Trump Diagnosed with Chronic Venous Insufficiency After Leg Swelling
Man Dies After Being Pulled Into MRI Machine Due to Metal Chain in New York Clinic
FIFA Pressured to Rethink World Cup Calendar Due to Climate Change
"Can You Hit Moscow?" Trump Asked Zelensky To Make Putin "Feel The Pain"
Nvidia Becomes World’s First Four‑Trillion‑Dollar Company Amid AI Boom
Iranian President Reportedly Injured During Israeli Strike on Secret Facility
Kurdistan Workers Party Takes Symbolic Step Towards Peace in Northern Iraq
BRICS Expands Membership with Indonesia and Ten New Partner Countries
×