Saudi Gazette report

DUBAI — Saudi Minister of Energy Prince Abdulaziz Bin Salman inaugurated the third edition of the Saudi Green Initiative (SGI) Forum 2023 Monday at COP28, shedding light on the Kingdom's remarkable strides in the renewable energy sector.

In his opening address, Prince Abdulaziz highlighted the significant increase in connected capacity, stating, "On renewables, we have quadrupled our connected capacity from 700MW last year to 2.8 GW."

Discussing the broader energy landscape, he emphasized Saudi Arabia's commitment to transforming its domestic energy mix, investing in innovative energy sources, and implementing measures to enhance energy efficiency.

The goal is to accelerate progress towards the ambitious target of achieving net-zero carbon emissions by 2060.

"Saudi Arabia is on track to reduce carbon emissions by 278 million tons per annum (mtpa) by 2030," Prince Abdulaziz affirmed.

He underlined the substantial growth in renewable capacity, showcasing the Kingdom's dedication to a sustainable future.

Moreover, the minister underscored the Kingdom's proactive role in international climate collaboration, emphasizing the emphasis on innovation and the utilization of a wide range of technologies.

The overarching objective is to promote economic prosperity, ensure affordable access to energy, and contribute to a more sustainable future while addressing the core challenges of climate change.