Naimi said energy is the key for economic development for all countries, so any agreement should lead to create some positive effects in the world energy markets, a condition that is expected to push our organization away from taking any biased and protectionist measures against fossil fuel, particularly petroleum products. He said the Kingdom has adopted a number of measures to score the announced goals for protecting the environment, citing its efforts to adopt the usage of technological alternatives, enacting regulations and legislations to reduce emissions, using oil associate and non-associate natural gas in the sectors of industry, power production and water desalination, establishment of King Abdullah City for Atomic and renewable Energy, led by solar energy, the accession of the Kingdom to the International Organization for Renewable Energy, and the establishment of King Abdullah Center for Rationalizing Energy Usage. Al-Naimi confirmed that the Kingdom of Saudi Arabia continues its efforts to achieve economic diversification and lessen its full-fledged dependence on exporting raw petroleum. We are in dire need to the help of the world community through the increase of investments and technology transfer, key means to alleviate the potential negative impacts for the policies of facing the climate change on our oil-depending countries, he concluded.
