Saudi Minister Faisal Al-Ibrahim: Saudi Arabia Leading Global Energy Transition with Innovation and Carbon Capture
The Saudi Minister of Economy, Faisal Al-Ibrahim, emphasized the increasing global recognition of Saudi Arabia's approach to energy transition during a special session on carbon capture at the World Economic Forum.
Al-Ibrahim underscored the Kingdom's dedication to innovation as the cornerstone of its "Green Dream" for energy transformation.
In his speech, Al-Ibrahim emphasized the importance of fostering local innovators, thinkers, and companies to develop groundbreaking solutions that may currently seem unattainable but could become feasible with technological advancements.
He praised Minister of Energy Prince Abdulaziz Bin Salman for spearheading energy initiatives that focus on carbon capture and utilization.
Moreover, Al-Ibrahim highlighted Saudi Arabia's investment in innovation and its ambition to lead the global energy sector.
He encouraged young innovators worldwide to join the effort in creating a circular carbon economy, which aligns with global sustainability goals.