The Saudi Ministry of Energy emphasized the importance of the global energy transition to address climate challenges and the expansion of international cooperation to support sustainable development and the zero emissions target.
Saudi Minister of Energy Prince Abdulaziz bin Salman held a meeting via video conference on Thursday with the Minister of Environment and Climate Action of Portugal, Duarte Cordeiro.
The two officials discussed the importance of supporting the stability of global oil markets by encouraging dialogue and cooperation between producing and consuming countries, and the need to ensure the security of power supply.
The two officials touched on cooperation in various energy fields, such as clean hydrogen and renewable energy, and the security and reliability of electrical systems.
They also underlined their keenness to advance cooperation through the imminent signing of a memorandum of understanding in the field of energy.
The meeting emphasized Saudi Arabia’s reliable role as partner and one of the countries exporting crude oil to Portugal.
The two ministers agreed that energy transition was an important element in addressing energy and climate challenges, noting that this issue would be the focus of the United Nations Climate Change Conference (COP27), which kicks off on Sunday in Sharm El Sheikh, Egypt.
This comes as Saudi Arabia advanced 10 places in the Green Future Index for 2022.
Issued by the MIT Technology Review of the Massachusetts Institute of Technology, the Index highlighted Saudi Arabia’s 10 place advancement, following leading programs and initiatives led by Crown Prince Mohammed bin Salman.
In a report, the Saudi Press Agency (SPA) noted that the Kingdom’s rapid progress in the Green Future Index crowns the efforts, programs, and initiatives, which include the Saudi and Middle East Green Initiatives (SGI & MGI) and the establishment of royal natural reserves to increase vegetation in the Kingdom.
