Over 1 million pilgrims benefit from golf cart service at Grand Mosque during Ramadan    Visitors welcomed with Eid initiative at Thee Ain Heritage Village in Al-Baha    Tebuk emir reviews rain response in Tayma    Saudi Arabia considers rent cap as part of major real estate reforms    Messi's bodyguard banned from touchline at Inter Miami games    Screen time in bed linked to insomnia, study finds    Le Pen vows to appeal political ban, calls verdict a 'denial of democracy'    Death toll from Myanmar earthquake rises to 2,719 as rescue efforts continue    Russia, Ukraine trade blame over new energy strikes    Putin orders Russia's largest military call-up in over a decade    Albania hosts MWL chief for Eid sermon at largest mosque in the Balkans    Haramain High-Speed Railway transports over 1.2 million passengers during Ramadan    Saudi Transport Authority says passengers can ride for free if taxi meters are off    Ministry of Education forms 425 community partnerships with SR653 million impact    Mexico bans junk food in schools to fight childhood obesity epidemic    Sweet sales surge ahead of Eid as Saudi chocolate imports top 123 million kg in 2024    Saudi creatives shine at Jeddah's Fawanees Nights with art, fashion, and storytelling    T1 CEO confirms Gumayusi's return for LCK Spring after lineup shakeup    100 Thieves claim Marvel Rivals Invitational NA crown as 2025 scene heats up    Bollywood actress vindicated over boyfriend's death after media hounding    Saudi Arabia hold Japan to goalless draw in Saitama to stay in World Cup hunt    Grand Mufti rules against posting prayers and preaching in mosques on social media    King Salman prays for peace and stability for Palestinians in Ramadan message King reaffirms Saudi Arabia's commitment to serving the Two Holy Mosques and pilgrims    Bollywood star Saif Ali Khan 'out of danger' after attack at home in Mumbai    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.



Crown Prince opens MGI summit in Egypt
Published in The Saudi Gazette on 07 - 11 - 2022

SHARM EL SHEIKH — Crown Prince and Prime Minister Mohammed Bin Salman opened the second edition of the Middle East Green Initiative (MGI) Summit on Monday in Egypt.
The summit, which is being held in conjunction with the COP27 was co-hosted by President Abdel Fattah El-Sisi of Egypt.
In his opening remarks, Prince Mohammed said that the MGI ambitious goals require regional cooperation and effective contributions from member states to contribute to achieving climate goals.
He announced that Saudi Arabia will establish and host a dedicated MGI secretariat and will allocate $2.5 billion to support MGI projects and governance.
"We seek to make renewable energy account for 50 percent of our energy consumption in 2030."
"The Kingdom aims to find solutions in order to provide more sustainable energy systems," Prince Mohammed said.
He announced that Saudi Arabia's Public Investment Fund (PIF) aim to reach net zero by 2050, the first sovereign wealth fund in the Middle East and one of the first globally to do so. "This will be achieved by financing projects that support the green transition and encourage further innovation."
In October 2021, the Crown Prince held the inaugural MGI Summit in Riyadh. Leaders from more than 20 nations participated in the summit's first-ever regional climate dialogue, which made it clear that cooperation and coordination are required to tackle climate change.
The MGI Summit lays out an ambitious and clear plan for regional climate action, assuring coordinated efforts and a cohesive approach to addressing the impacts of climate change on the regional countries.
The initiative also enables the development of significant economic opportunities in the region, which supports the advancement of economic diversification, job creation, and sustainable development, all of which will benefit present and future generations and open up opportunities for a green future.
The countries taking part in the MGI Summit 2022 aim to accomplish the regional objectives set forth by the Kingdom at the initiative's inaugural summit.
These include planting 50 billion trees in the region as part of the world's largest tree-planting initiative and reducing carbon emissions in the region by more than 10% of global contributions.


Clic here to read the story from its source.