Saudi, Russian foreign ministers discuss regional issues in phone call    MWL chief meets Italian president in Rome; thanking him for supporting two-state solution    Saudi King and Crown Prince express condolences over deadly mid-air collision in Washington    National Cybersecurity Authority launches 2nd phase of Postgraduate Scholarship Program    Ettifaq sack Steven Gerrard after poor results, appoint Saad Al-Shehri as new head coach    GASTAT: Real GDP records growth of 4.4% in Q4 2024    Saudi Arabia launches inaugural Art Week Riyadh on April 6-13    Saudi crown prince and European Council president discuss over phone ways to enhance cooperation    Pentagon strips Gen Mark Milley of US security detail and clearance    Meta to pay $25m to settle Trump lawsuit over ban    Far-right vote on asylum rocks German parliament    Ex-US Senator Bob Menendez jailed for 11 years for bribery    HP is redefining the Future of Work with AI    NEOM's THE LINE set to begin vertical construction by end of year    Mona Lisa to be moved as part of major Louvre overhaul    Al-Nassr announces transfer of Brazilian forward Talisca to Fenerbahçe    Neymar bids heartfelt goodbye to Al-Hilal: I will always support you    SFDA chief rules out plan to ban sale of cigarettes or vapes    Al Hilal and Neymar mutually agree to part ways    Saudi Film Commission Joins Asian Film Commissions Network (AFCNet)    Bollywood star Saif Ali Khan 'out of danger' after attack at home in Mumbai    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Circular Carbon Economy Program funds to reach $10 billion in 10 years Kingdom operates on three main axes: Energy security, economic growth, people's prosperity
The Saudi Gazette Published in The Saudi Gazette on 27 - 10 - 2021

RIYADH — Minister of Energy Prince Abdulaziz Bin Salman said on the second day of the fifth edition of the Future Investment Initiative (FII) here Wednesday that the Circular Carbon Economy (CCE) Program funds will reach $10 billion in 10 years.
The minister indicated that the CCE Program is considered the best humanitarian initiative that can be extracted from the Future Investment Initiative.
The biggest challenge facing Saudi Arabia now is climate change, as the Kingdom operates according to three main axes: energy security, economic growth, people' prosperity, the minister said.
He announced that the Kingdom is preparing to launch an energy strategy soon, as it will embody the Saudi Green Initiative and the Middle East Green Initiative.
The energy strategy will also embody programs related to decarbonization such as: raising energy efficiency and the hydrogen production transformation program and the renewable energy usage program.
It is noteworthy that Crown Prince Muhammad Bin Salman announced on Saturday that Saudi Arabia aims to reach Net Zero by 2060, through the Carbon Circular Economy approach.
For reducing emissions, Crown Prince Muhammad launched initiatives in the energy sector that will reduce carbon emissions by 278 million tons annually by 2030, thus voluntarily more than doubling the target announced, estimated at 130 million tons annually.

Clic here to read the story from its source.