Saudi Arabia's Energy Minister Prince Abdulaziz Bin Salman: Transforming Energy Systems with Circular Carbon Economy and Carbon Capture Innovations
Saudi Arabia's Energy Minister, Prince Abdulaziz Bin Salman, emphasized the Kingdom's commitment to transforming energy management systems into economically and environmentally beneficial ones, aligning with climate change initiatives.
He discussed Saudi Arabia's adoption of the circular carbon economy model since 2010 during a session at the World Economic Forum in Riyadh.
The minister also highlighted the competitive and cost-effective nature of Saudi Arabia's electricity production, attracting more investments to the Kingdom.
The Kingdom has endorsed this approach further during its G20 presidency in 2020.
The minister highlighted the Saudi Arabian government's focus on reducing costs and maintaining competitiveness in electricity production through various initiatives.
These efforts attract investment and demonstrate the Kingdom's commitment to energy security and sustainability.
The minister also emphasized collaboration with ministries like Economy and Planning and Industry and Mineral Resources for a holistic approach to achieving energy goals.
Open collaboration with any institution adding value to the energy sector was also stressed.
The minister mentioned the Energy Efficiency Program launched in 2011, which plays a unique role in reaching the state's targets and advancing the circular carbon economy.
The text discusses the conclusion of a discussion about carbon dioxide sinking.
This process has the potential to create more carbonates and support recycling applications.
These benefits align with the Saudi Green Initiative and contribute to climate change mitigation efforts.