Saudi Arabia on course to implement sustainable roadmap for decarbonization

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Saudi Arabia on course to implement sustainable roadmap for decarbonization

Saudi Arabia on course to implement sustainable roadmap for decarbonization
Saudi Arabia aims to produce 50 percent of its electricity from renewables by 2030. (AFP file photo)
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The story of our global energy landscape is a remarkable one, defined by evolving patterns of supply and demand. New energy sources, while vital, cannot drive change unless we judiciously utilize them.
Energy transitions don’t happen overnight; they require considerable time and effort. Significant shifts in the system, history shows us, can take up to six to seven decades.
Thus, achieving net-zero emissions by 2050 will necessitate tremendous strides in human ingenuity and technological progress.

Saudi Arabia presents a compelling roadmap for decarbonization, demonstrating a sustainable model for growth. This is particularly noteworthy given the contrast in their strategies compared to numerous other countries.

The Kingdom is poised to seize considerable opportunities to construct a resilient, prosperous and sustainable economy. It has set an ambitious objective to diversify its energy mix and decrease its carbon footprint, aiming to produce 50 percent of its electricity from renewables by 2030.

The country has experienced significant economic growth over the past decades, shifting its economic base and investing robustly in renewable energy sources. The potential for Saudi Arabia, particularly in the domains of solar, nuclear, hydrogen, and wind energy, is vast.

The Kingdom’s transition won’t simply be about swapping the existing system but about creating a new one. Contemporary solutions will address contemporary challenges.

Sustainable economic progress

Innovative and improved energy services are integral to sustainable economic growth. Transforming energy demand towards novel forms of supply can accelerate the path to decarbonization.

Two primary transformations can facilitate the evolution of existing energy services. The first is propelled by technological development and innovation. Modern innovations are largely grounded in three key research areas: digital technologies, nano and biotechnologies, and new energy technologies. These developments are intertwined, each crucial to the others.

Saudi Arabia has already begun this crucial journey, but there’s still much ground to cover. Attaining net-zero emissions by 2060 is a lofty target for Saudi Arabia, but with swift action and the adoption of cutting-edge technologies and consumption patterns, it’s achievable

Mohammad Faraj

The second transformation is a generational shift already underway. As emerging generations rise to leadership, they will drive global and regional policy changes, reshaping our socioeconomic fabric. This will stimulate further innovations, propelling energy service advancements and continued decarbonization.

Saudi Arabia has launched a series of initiatives to stimulate renewable energy and decrease reliance on oil, such as the National Renewable Energy Program. The NREP aims to add 27.3 gigawatts of renewable energy capacity by 2024, with a final target of 58.7 GW by 2030. The King Salman Renewable Energy Initiative is another ambitious program aiming to provide 10 GW of renewable energy by 2023.

Schneider Electric Sustainability Research Institute’s report suggests 12 energy service transformations to decarbonize Saudi Arabia, including digitalization of living environments, disruptive changes in construction, electrification of mobility and industrial processes, and circularity.
The adoption of modern technologies and consumption patterns can optimize energy intensity levels and contribute to decarbonization of the country’s economy. Notably, distributed generation through electrification is key to optimizing these energy levels.

Decarbonizing Saudi Arabia will require a profound reconfiguration of our energy system, a transformation that goes beyond merely replacing fossil fuels with renewables. It necessitates the reshaping of our energy services to meet the demands of an ever-evolving world.

Saudi Arabia has already begun this crucial journey, but there’s still much ground to cover.

Attaining net-zero emissions by 2060 is a lofty target for Saudi Arabia, but with swift action and the adoption of cutting-edge technologies and consumption patterns, it’s achievable. The transition will be challenging, but the potential rewards for the environment, society and the economy are tremendous. The time has come for us to forge ahead towards a future of decarbonization.

• Mohammad Faraj is vice president, digital energy and power products, Schneider Electric.

Disclaimer: Views expressed by writers in this section are their own and do not necessarily reflect Arab News' point of view

Fast bowler Haris Rauf ruled out of PSL after dislocating shoulder

Fast bowler Haris Rauf ruled out of PSL after dislocating shoulder
Updated 11 min 19 sec ago
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Fast bowler Haris Rauf ruled out of PSL after dislocating shoulder

Fast bowler Haris Rauf ruled out of PSL after dislocating shoulder
  • Haris Rauf fell awkwardly on his shoulder during Karachi-Lahore match on Saturday
  • Doctors have advised Rauf to rest for 4-6 weeks to recover from injury, says Lahore Qalandars 

LAHORE: Fast bowler Haris Rauf has been ruled out of the remainder of the Pakistan Super League after dislocating his shoulder during two-time defending champion Lahore Qalandars’ two-wicket loss against Karachi Kings on Saturday.

The franchise said in a statement on Sunday that doctors have advised Rauf to rest for 4-6 weeks to recover from the injury after undergoing scans.

Rauf fell awkwardly on his shoulder in the last over while holding onto a stunning catch of Hasan Ali during Karachi’s thrilling run-chase as Lahore lost its fourth successive game in Pakistan’s premier domestic Twenty20 event.

Rauf struggled in the first three games but bounced back against Karachi with economical figures of 1-22 off his four overs.

“We are deeply saddened by Haris Rauf’s injury,” Lahore captain Shaheen Shah Afridi said. “It was painful to see him missing out … and his absence will be felt.”

Rauf’s injury is the second major bowling setback for Lahore after its premier spinner Rashid Khan of Afghanistan was ruled out before the tournament due to a back injury.


Pakistan approves mergers of leading Saudi company with stakes in its steel sector

Pakistan approves mergers of leading Saudi company with stakes in its steel sector
Updated 23 min 22 sec ago
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Pakistan approves mergers of leading Saudi company with stakes in its steel sector

Pakistan approves mergers of leading Saudi company with stakes in its steel sector
  • M/s Saudi Iron and Steel Company (Hadeed) deals in spot sales in Pakistan’s steel market, exports to South Asian country
  • Three mergers are not anticipated to raise competition concerns in the relevant market, says competition commission

ISLAMABAD: The Competition Commission of Pakistan (CCP) this week approved three mergers concerning a leading Saudi company that has a significant presence in Pakistan’s steel market, the regulatory body said. 

Based in the kingdom, M/s/ Saudi Iron and Steel Company (Hadeed) produces a range of steel products and deals in spot sales in Pakistan’s steel market. Hadeed also exports to the South Asian country through international traders.

The CCP said in its press release on Saturday that the Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, sent a pre-merger application to CCP to acquire 100 percent shareholding of Hadeed from M/s. Saudi Basic Industries Corporation (“SABIC”).

“PIF has entered into a share purchase agreement with SABIC, under which SABIC agrees to sell its entire share capital of Hadeed to PIF,” the CCP said. 

The second merger involved Hadeed acquiring 100 percent shareholding of Al Rajhi Steel Industries Company from M/s. Mohammad Bin Abdulaziz Al Rajhi & Sons Investment. 

Al Rajhi Steel, established in 1978, is a subsidiary of Al Rajhi Invest and is known for its steel manufacturing capabilities in Saudi Arabia. This involved a share exchange agreement between Hadeed and Al Rajhi Invest.

In the third stage, the CCP said PIF intends to dispose off its 44.5 percent shareholding in Hadeed to M/s. Mohammad Bin Abdulaziz Al Rajhi & Sons Investment, the CCP. It added that the move was intended to share control over Hadeed and Al Rajhi Steel to improve their respective production capabilities and increase their operational efficiency.

“These transactions, as per the information available, are not anticipated to raise any competition concerns in the relevant market,” the CCP said. 

It said Pakistan’s steel sector is “one of the most important industries in the country” and with investments, can raise the country’s GDP to bring benefits to both the economy and investors.


Saudi king, crown prince congratulate Kuwait’s emir on National Day

Saudi king, crown prince congratulate Kuwait’s emir on National Day
Updated 33 min 42 sec ago
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Saudi king, crown prince congratulate Kuwait’s emir on National Day

Saudi king, crown prince congratulate Kuwait’s emir on National Day

RIYADH: Saudi Arabia’s King Salman and Crown Prince Mohammed bin Salman sent on Sunday a congratulatory telegram to Sheikh Mishal Al-Sabah, emir of Kuwait, on the occasion of his country’s National Day.

King Salman and the crown prince wished the emir and the people of Kuwait good health and happiness.

Kuwait celebrated its 63rd National Day and its 33rd Liberation Day from Iraq.  

Buildings around the country were covered in lights in the colours of Kuwait’s flag. 


Syria armed forces down seven drones around Hama, Idlib

Syria armed forces down seven drones around Hama, Idlib
Updated 25 February 2024
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Syria armed forces down seven drones around Hama, Idlib

Syria armed forces down seven drones around Hama, Idlib

DAMASCUS: Syrian armed forces shot down seven drones aimed at military positions and villages in the countryside of Hama and Idlib, Syrian state media said on Sunday, citing the defense ministry.
The ministry said the drones had been launched by “terrorists,” state media reported.


Lebanese doctor saves Japanese boy’s life

Lebanese doctor saves Japanese boy’s life
Updated 25 February 2024
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Lebanese doctor saves Japanese boy’s life

Lebanese doctor saves Japanese boy’s life
  • The boy was quadriplegic, or paralyzed below the neck, when he visited the Okayama University Hospital

DUBAI: Lebanese doctor Abd El Kader Al-Askar, a consultant in orthopedic and spine surgery, successfully treated a 15-year-old Japanese boy who suffered from a rare condition known as basilar invagination.

The boy was quadriplegic, or paralyzed below the neck, when he visited the Okayama University Hospital.

Doctors concluded that he had dislocated the second cervical vertebra, known as C2, which plays an important role in rotating the head. The C2 was displaced toward the opening of the spinal cord and the bottom area of the brain in a condition known as basilar invagination.

Basilar invagination can be present at birth or develop as a result of injury. If not treated, it can lead to death or serious complications, such as hydrocephalus.

In collaboration with the integrated medical team, Al-Askar performed an emergency surgery that lasted over four hours and involved an innovative technique that repositioned the bottom of the skull and the spinal cord.

The boy fully recovered and regained the use of all four of his limbs following the surgery.

Al-Askar is currently in Japan for a medical mission in advanced spine surgery and the treatment of back pain.