Saudi Energy Minister: Global Collaboration Needed for Carbon Emissions Reduction and Green Energy Transition
Saudi Energy Minister Prince Abdulaziz bin Salman spoke at the World Economic Forum in Riyadh, expressing Saudi Arabia's belief in the need for various energy sources, including hydrocarbons, nuclear energy, and synthetic fuels.
He emphasized the importance of viable economics for energy choices and acknowledged the global issue of carbon emissions and climate change.
The minister emphasized that there is no one-size-fits-all solution for green energy transformation and that it must be addressed on a global level.
Prince Abdulaziz, the Saudi Arabian Energy Minister, expressed readiness to transport hydrogen in the form of ammonia through pipes for clean energy projects.
However, he raised concerns about the manufacturing of materials used in electric cars and the energy needs of the growing global population.
He emphasized that many people still live in energy poverty and a billion more will be born, requiring energy.
The minister also mentioned that the energy sector is collaborating with the Saudi sovereign wealth fund, Saudi Aramco, and international partners like Germany, France, and Italy to develop a viable business model for clean energy sources on a national and international level.