RUS | ENG | All
Enter the email or login, that you used for registration.
If you do not remember your password, simply leave this field blank and you will receive a new, along with a link to activate.

Not registered yet?
Welcome!

2022-01-14 11:54:00

ENVIRONMENTAL PROTECTION INVESTMENT

ENVIRONMENTAL PROTECTION INVESTMENT

AN- January 13, 2022 - International banks will only fund major projects if they have green credentials, Saudi Arabia’s environment minister has warned.

Speaking at the Future Minerals Forum in Riyadh on Thursday, Abdulrahman Al Fadley talked up the importance of protecting the natural world while simultaneously diversifying the Kingdom’s economy.

Saudi Arabia is on a journey to move away from an over-reliance on oil as the driver for economic growth, as part of its Vision 2030 initiative.

Addressing delegates, Al Fadley said: “There is no contradiction to remaining committed to environmental demands and the economical growth.

He added: “The international banks determine the protection of the environment as one of the main requirements for funding major projects.”

Al Fadley was keen to emphasize the important role the private sector has in both helping Saudi Arabia diversify its economy and protecting the environment.

“The ministry wants to reinforce the effective partnership for the quality of life and the protection of the environment for this generation and coming generations," he said, adding: “Protecting the environment and limiting pollution and protecting the ecosystems is a very important matter and to achieve sustainable growth with social and economical dimensions for the good of coming generations.”

The Future Minerals Forum is a special event bringing together ministers, organisations and mining leaders from more than 30 countries.

Hosted by the Saudi Ministry of Industry and Mineral Resources, is aimed at highlighting the role of mining in Saudi Vision 2030, after the government identified it as the third pillar of the Kingdom’s economy.

 

-----


Earlier:

ENVIRONMENTAL PROTECTION INVESTMENT
2022, January, 13, 13:50:00
SAUDI ARABIA RENEWABLES 15 GW
Saudi Arabia plans to generate 15109 gigawatt hours of electricity from renewable sources by 2024, supplying 692,557 houses with energy, the Kingdom's Gastat said on its website.
ENVIRONMENTAL PROTECTION INVESTMENT
2022, January, 12, 10:25:00
GLOBAL CLIMATE 2021: THE HOTTEST
The EU's Copernicus Climate Change Service (C3S) said in a report on Monday that the last seven years were the world's warmest "by a clear margin" in records dating back to 1850 and the average global temperature in 2021 was 1.1-1.2C above 1850-1900 levels.
ENVIRONMENTAL PROTECTION INVESTMENT
2021, December, 20, 12:20:00
GLOBAL CLIMATE POINTS: 50,000 YEARS
The important message is that the earth has experienced a major tipping point approximately every 50,000 years.
ENVIRONMENTAL PROTECTION INVESTMENT
2021, November, 22, 12:05:00
GLOBAL CLIMATE: +2 C INEVITABILITY
History suggests political performance never exceeds the pledge. 2°C is therefore inevitable.
ENVIRONMENTAL PROTECTION INVESTMENT
2021, November, 11, 15:10:00
CLIMATE: NO ONE-SIZE-FITS-ALL-SOLUTION
The narrative that the energy transition is from oil and other fossil fuels to renewables is misleading and potentially dangerous to a world that will continue to be thirsty for all energy sources.
ENVIRONMENTAL PROTECTION INVESTMENT
2021, November, 9, 17:10:00
GLOBAL CLIMATE +2.4C
"Even with all new Glasgow pledges for 2030, we will emit roughly twice as much in 2030 as required for 1.5°C,"
ENVIRONMENTAL PROTECTION INVESTMENT
2021, October, 26, 13:05:00
SAUDI ARABIA ZERO EMISSIONS 2060
Saudi Arabia also intends to develop carbon capture use and storage (CCUS), and to reduce global methane emissions in 2030 by 30% relative to 2020 levels. It will focus on energy efficiency in industry, building and land transportation and plans to retrofit the entire pool of public and governmental assets and facilities.
All Publications »
Tags: INVESTMENT, CLIMATE, ENVIRONMENT, ENERGY TRANSITION