KSA unveils investments to develop clean energy sector

Updated 03 December 2015
0

KSA unveils investments to develop clean energy sector

JEDDAH: The Kingdom is launching new investments for the development, innovation and implementation of new energy-efficient technologies, particularly in the clear energy sector, to overcome challenges associated with environmental changes.

Minister of Petroleum and Mineral Resources Ali Al-Naimi, who headed the Kingdom’s delegation to the 21st Conference of Parties of the United Nations Framework Convention on Climate Change, said greater investments in research and innovation in clean fossil fuel technologies and alternative energy sources is “critical” and “should considered a priority.”
During his statement at the conference, Al-Naimi said Riyadh is focusing on research and innovation in clean energy sources, and has developed a long-term work plan for researching carbon management from all stationary and mobile sources, and its use in improving industrial and oil recovery efforts.
“The Kingdom is investing in developing and implementing new energy efficient technologies and renewable energy programs, such as solar and wind energy,” he said. “The Kingdom has established the King Abdullah Center for Petroleum Research and the King Abdullah University for Science and Technology, and other research cities and centers in coordination with international universities in order to boost innovation and efforts in this field.”
Al-Naimi said the Kingdom is well aware of the challenges and threats of climate change, noting that each challenge presents an opportunity for innovation and development.
“Among our priorities is ensuring all countries are able to obtain all types of energy in a trusted and environmentally friendly way,” said the minister.
“Fossil fuel technologies have played a key role in bolstering development, allowing many developing countries to achieve economic advancements rapidly, but 20 percent of the global population still cannot access energy technologies.”
The minister stressed the need for increased support for investments in research and development, and greater collaborative efforts between the public and private sectors to “realize common goals of combating climate change and allowing for greater advancements in sustainable economic development,” noting that the Kingdom is “optimistic about the prospects of this initiative as a step toward the realization of our shared ambitions.”


Saudi Commission on Tourism and Heritage chief on official visit to Bosnia and Herzegovina 

Mohammad Abdulhameed is raising his daughter Maria single-handedly. (AN photo)
Updated 57 min 34 sec ago
0

Saudi Commission on Tourism and Heritage chief on official visit to Bosnia and Herzegovina 

JEDDAH: The president of Saudi Arabia’s Commission for Tourism and National Heritage arrived in Sarajevo on Monday, as part of an official visit to Bosnia and Herzegovina.

Prince Sultan bin Salman bin Abdulaziz has expressed King Salman’s sincere greetings to the people and the government of  Bosnia and Herzegovina, the Saudi Press Agency reported.

He was then received by the chairman of the Presidency of Bosnia and Herzegovina, Bakir Izetbegovic, at their headquarters in the capital, Sarajevo. 

Prince Sultan is on an official state visit to the Balkan state upon the instructions of King Salman, who is keen to bolster ties with the country and open new horizons of cooperation between both states.