Saudi energy minister blasts COP26 ‘lies’

Prince Abdulaziz bin Salman strongly defended Saudi Arabia’s track record in combating global warming. (AP Photo)
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Updated 18 November 2021
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Saudi energy minister blasts COP26 ‘lies’

  • Prince Abdulaziz bin Salman defends Saudi track record in combating ‘universal phenomenon’ of climate change

DUBAI: The Saudi energy minister hit out on Wednesday at “lies” and “fabrications” over the Kingdom’s stance at the COP26 climate change summit in Glasgow.

After a speech in which he strongly defended Saudi Arabia’s track record in combating global warming, Prince Abdulaziz bin Salman was asked about “serious allegations” that the Kingdom had been blocking negotiations at the meeting.

He replied: “These are not serious allegations, these are fabricated allegations.” Asked if the allegations amounted to lies, he said: “Absolutely.”

Greenpeace, the environmental activist group with a history of animosity toward the Kingdom, made unsubstantiated claims this week that Saudi negotiators had obstructed progress at key meetings in Glasgow. Saudi negotiators have told Arab News the claims were “baseless and inaccurate.”

In his COP26 speech, a defiant Prince Abdulaziz mounted a plea for an unbiased and objective assessment of possible solutions to the urgent issue of global warming. The world was facing a “universal phenomenon” that required “an international, shared and effective response,” he said. “That response should address three main pillars: Energy security, economic development for the benefit of humanity, and climate change. All of these pillars must be addressed in a holistic manner, without compromising one for the sake of another.

“It is imperative that we recognize the diversity of climate solutions, and the importance of emissions reduction as stipulated in the Paris Agreement, without any bias toward or against any particular source of energy.”

The Kingdom had taken radical steps in the past month to address climate change issues at home and internationally, Prince Abdulaziz said, with key 53 initiatives at a projected cost of $185 billion.

He said the Kingdom shared the view that efforts had to be renewed to reach the goals of the Paris Agreement, but “we all should keep in mind the principle of shared, yet distinct, responsibilities among different countries.

“Equally, we should all be conscious of the special circumstances of the less developed countries, and we should work together to help these countries mitigate the impact of climate change policies, without compromising their sustainable development.”

The Saudi Green Initiative and the broader Middle East Green Initiative aim to reduce regional emissions by more than 10 per cent of the total, a disproportionate amount given relatively small populations and economies in global terms.

The Kingdom has more than doubled the targets for emission reduction in the past decade, and set a target of net zero carbon emissions by 2060 — faster than some much bigger energy economies — via the framework of the Circular Carbon Economy.

Other initiatives include phasing out oil from domestic energy generation, billions of dollars of investment in renewable and alternative fuels such as solar and hydrogen, and a global campaign to provide clean cooking fuel to more than 750 million people around the world.

“This will help ensure that the Kingdom maintains and enhances its leadership role in promoting the security and stability of energy markets,” Prince Abdulaziz said.


Saudi Arabia, Japan trade rises 38% between 2016 and 2024, minister says

Updated 58 min 57 sec ago
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Saudi Arabia, Japan trade rises 38% between 2016 and 2024, minister says

RIYADH: Trade between Saudi Arabia and Japan has increased by 38 percent between 2016 and 2024 to reach SR138 billion ($36 billion), the Kingdom’s investment minister revealed.

Speaking at the Saudi-Japanese Ministerial Investment Forum 2026, Khalid Al-Falih explained that this makes the Asian country the Kingdom’s third-largest trading partner, according to Asharq Bloomberg.

This falls in line with the fact that Saudi Arabia has been a very important country for Japan from the viewpoint of its energy security, having been a stable supplier of crude oil for many years.

It also aligns well with how Japan is fully committed to supporting Vision 2030 by sharing its knowledge and advanced technologies.

“This trade is dominated by the Kingdom's exports of energy products, specifically oil, gas, and their derivatives. We certainly look forward to the Saudi private sector increasing trade with Japan, particularly in high-tech Japanese products,” Al-Falih said.

He added: “As for investment, Japanese investment in the Kingdom is good and strong, but we look forward to raising the level of Japanese investments in the Kingdom. Today, the Kingdom offers promising opportunities for Japanese companies in several fields, including the traditional sector that links the two economies: energy.”

The minister went on to note that additional sectors that both countries can also collaborate in include green and blue hydrogen, investments in advanced industries, health, food security, innovation, entrepreneurship, among others.

During his speech, Al-Falih shed light on how the Kingdom’s pavilion at Expo 2025 in Osaka achieved remarkable success, with the exhibition receiving more than 3 million visitors, reflecting the Japanese public’s interest in Saudi Arabia.

“The pavilion also organized approximately 700 new business events, several each day, including 88 major investment events led by the Ministry of Investment. Today, as we prepare for the upcoming Expo 2030, we look forward to building upon Japan’s achievements,” he said.

The minister added: “During our visit to Japan, we agreed to establish a partnership to transfer the remarkable Japanese experience from Expo Osaka 2025 to Expo Riyadh 2030. I am certain that the Japanese pavilion at Expo Riyadh will rival the Saudi pavilion at Expo Osaka in terms of organization, innovation, and visitor turnout.”

Al-Falih also shed light on how Saudi-Japanese relations celebrated their 70th anniversary last year, and today marks the 71st year of these relations as well as how they have flourished over the decades, moving from one strategic level to an even higher one.