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The Kingdom Declares Saudi Green Initiative an Annual Event

Saudi Minister of Energy Prince Abdulaziz bin Salman speaks at the launch of the second edition of the Saudi Green Initiative Forum. (SPA)
Saudi Minister of Energy Prince Abdulaziz bin Salman speaks at the launch of the second edition of the Saudi Green Initiative Forum. (SPA)
    Sharm el-Sheikh - Hazem Badr
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The Kingdom Declares Saudi Green Initiative an Annual Event

Saudi Minister of Energy Prince Abdulaziz bin Salman speaks at the launch of the second edition of the Saudi Green Initiative Forum. (SPA)
Saudi Minister of Energy Prince Abdulaziz bin Salman speaks at the launch of the second edition of the Saudi Green Initiative Forum. (SPA)

Saudi Energy Minister Prince Abulaziz bin Salman announced on Friday that the Green Saudi Initiative forum would be an annual event in order to review the implementation of the Kingdom’s climate goals.

“Crown Prince Mohammed bin Salman decided to hold the initiative annually; because we are confident in our steps, we challenge everyone,” the minister said at the opening of the second edition of the Green Saudi Initiative forum in Sharm el-Sheikh.

“We committed ourselves to the goal of achieving carbon neutrality in 2060… During the next year, we will announce 10 new projects,” he added.

Addressing Angela Wilkinson, Secretary-General and CEO of the World Energy Council, and Jared Daniels, CEO of the Global CCS Institute, who accompanied him on stage at the inauguration, Prince Abdulaziz said: “You asked for an evaluation of our environmental programs, so you should be open to the long list that I will present.”

The Saudi energy minister reviewed a set of initiatives, including the implementation of the circular carbon economy approach and the Clean Fuel solutions for cooking, which could benefit more than 750 million individuals worldwide.

He also touched on the Kingdom’s endeavor to accelerate the adoption of clean energy technologies and sources, with the aim of reducing hydrocarbon emissions by diversifying the energy mix used in generating electricity.

Prince Abdulaziz talked about other environmental goals, including the planting of 10 billion trees. He also explained that Aramco had the lowest level of methane emissions by all standards, stressing that the Kingdom was on the path to achieving zero neutrality.

On Thursday, Saudi Aramco signed a joint development agreement with the Ministry of Energy to establish a carbon capture and storage center.

Amin Al-Nasser, CEO of Saudi Aramco, said that the company had signed a joint development agreement with SLB and Linde to establish a carbon capture and storage center with a potential to store up to 9 million tons of carbon dioxide safely annually by 2027.

He said that Aramco was set to contribute around 6 million tons, with the rest to come from other industrial sources.

The facility will be located in Jubail on the east coast of Saudi Arabia, with a goal of making a significant contribution to the 44 million tons the kingdom plans to capture by 2035, Nasser revealed.

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Egyptian Government Approves Formation of Higher Coordination Council with Saudi Arabia

The formation of the Higher Coordination Council reflects the level of partnership between Saudi Arabia and Egypt. (Asharq Al-Awsat)
The formation of the Higher Coordination Council reflects the level of partnership between Saudi Arabia and Egypt. (Asharq Al-Awsat)
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Egyptian Government Approves Formation of Higher Coordination Council with Saudi Arabia

The formation of the Higher Coordination Council reflects the level of partnership between Saudi Arabia and Egypt. (Asharq Al-Awsat)
The formation of the Higher Coordination Council reflects the level of partnership between Saudi Arabia and Egypt. (Asharq Al-Awsat)

In an effort to strengthen the partnership between Egypt and Saudi Arabia, the Egyptian government approved on Wednesday the establishment of a higher joint coordination council.

On September 10, 2024, Egyptian Foreign Minister Badr Abdel-Aty held a joint news conference with his Saudi counterpart, Prince Faisal bin Farhan, during which he announced that the two countries were in the final stages of launching the Egyptian-Saudi Higher Coordination Council, chaired by President Abdel Fattah El-Sisi and Saudi Crown Prince Mohammed bin Salman.

He emphasized that the council would serve as a comprehensive framework for deepening bilateral relations and fostering collaboration in politics, economics, trade, development, and investment, aligning with the interests of both nations’ peoples.

In its Wednesday session, Egypt’s Cabinet approved the decision to establish the council. According to a government statement, the body will seek to “intensify communication and enhance cooperation between Egypt and Saudi Arabia in areas of mutual interest.”

The council, as outlined by the statement, will include ministers and officials from both countries covering relevant sectors. It will convene regular meetings alternately in Egypt and Saudi Arabia, with provisions for extraordinary meetings as needed.

In remarks to Asharq Al-Awsat, Ayman Mohseb, deputy chairman of the Arab Affairs Committee in Egypt’s House of Representatives, said that the move reflects the advanced level of partnership between the two nations, describing the council as a “cornerstone for activating relations and expanding cooperation in various fields.”

“This step will significantly advance cooperation across diverse domains, driven by the political will of the two countries’ leaderships,” Mohsab said, adding that the new body would facilitate coordination between Cairo and Riyadh on a wide range of regional issues and areas of mutual interest.

During a meeting with Saudi Minister of Culture Prince Badr bin Abdullah bin Farhan on Tuesday, El-Sisi reaffirmed Egypt’s “pride in its historic relations with Saudi Arabia, both at the leadership and popular levels, and across all sectors.”