Echoing statements made by HRH the Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud at the original announcement of Saudi Green Initiative, the UK’s Prime Minister Boris Johnson has said the world must go “further and faster” to combat climate change by the middle of the century. In a statement to the inaugural Middle […]
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Posted inEnergy Transition
BlackRock CEO Larry Fink: ‘Next 1,000 unicorns will be sustainable companies’
Speaking at the Middle East Green Initiative Summit in Riyadh, BlackRock chairman and CEO Larry Fink predicted the next 1,000 global companies valued at more than one billion dollars will be sustainable companies. Mr Fink said: “It’s my belief that the next 1,000 unicorns – companies that have a market valuation over a billion dollars […]
Posted inNews
US Special Envoy John Kerry urges public and private sector to work together on climate action
John Kerry, the US Special Presidential Envoy for Climate, has urged governments and the private sector to work together on climate action while speaking at the Middle East Green Initiative in Riyadh. Special Envoy Kerry said today: “I would just say to everybody, that this is not about politics. This is not about strategic balance […]
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OPEC Fund and Asian Infrastructure Investment Bank to provide funding in Egypt
The OPEC Fund for International Development and Asian Infrastructure Investment Bank (AIIB) have signed a US$200 million loan agreement with the National Bank of Egypt (NBE), Egypt’s largest commercial bank, to support the bank’s on-lending to hard and soft infrastructure sub-projects. The financing package includes a US$150 million loan from AIIB and a US$50 million […]
Posted inEnergy Transition
QatarEnergy and H2Korea to cooperate on hydrogen projects
This is part of a series of agreements recently signed by QatarEnergy expanding its international presence
QatarEnergy and Korea’s Hydrogen Convergence Alliance (H2Korea) signed an agreement to cooperate on hydrogen projects. The agreement provides a framework of cooperation between developing hydrogen energy sectors in both countries, and to share ideas and specific plans to encourage the growth of the hydrogen industry and the expansion of the hydrogen energy supply, in addition […]
Posted inEnergy Transition, News
Saudi Aramco aims to achieve net zero emissions by 2050: CEO
This follows the Saudi Crown Prince's announcement of the ambition for KSA to achieve net zero emissions by 2060
Saudi Aramco is aiming to achieve net zero emissions by 2050, the company’s President and CEO Amin Nasser said at the Saudi Green Initiative Forum on Saturday. The announcement came after HRH the Crown Prince Mohammed bin Salman Al Saud revealed that Saudi Arabia aims to achieve net zero emissions by 2060 through the Carbon […]
Posted inEnergy Transition
UN praises Saudi climate action plans as kingdom officially submits emissions pledge
Saudi Arabia is aiming to achieve net zero emissions by 2060
Saudi Arabia’s “bold” climate action plans have been praised by the United Nations after the Kingdom officially submitted its Nationally Determined Contribution (NDC) emissions pledge. Earlier, HRH Crown Prince Mohammed Bin Salman Al Saud announced that Saudi Arabia aims to achieve net zero emissions by 2060 through the Carbon Circular Economy approach. This is based […]
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Mit-PFN Energy Co. and PGS to develop AI solutions for subsurface structure analysis
PGS will contribute seismic data from its global MultiClient data library along with technical expertise. and Mit-PFN Energy Co. will lead the AI algorithmic development
Mit-PFN Energy Co. and PGS have signed a Memorandum of Understanding (MoU) to jointly develop and commercialize Artificial Intelligence (AI) driven solutions to image subsurface structures. Analysis of subsurface images is required across the energy sector including oil and gas, carbon capture and storage, as well as in areas of the renewable energy sector, such […]
Posted inEnergy Transition
KSA Crown Prince sets national net zero emissions goal for 2060
Crown Prince Mohammed bin Salman Al Saud has launched the first set of Saudi Green Initiatives
Crown Prince Mohammed bin Salman Al Saud, the Head of the Higher Committee for the Saudi Green Initiative (SGI), launched the first set of SGI environmental initiatives at its inaugural annual forum. SGI will also monitor the impact of initiatives that have been previously announced. In his opening remarks, HRH the Crown Prince announced a […]
Posted inNews
GCC cooperation integral to industrial sector growth
He explained that achieving comprehensive industrial development in the GCC states will reflect in enhanced production efficiencies and higher quality outputs
Dr. Sultan bin Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, expressed the UAE’s desire to deepen cooperation, coordination and knowledge exchange in support of the GCC’s economy, especially in the efforts to integrate advanced technology, innovation and 4IR technologies into its industrial sector. His Excellency Dr. Al Jaber also commended the cooperation […]
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