Saudi Arabia commits $2.5bn to Middle East green initiative

Crown Prince Mohammed bin Salman was hosting the summit, being held in tandem with the ongoing COP27 summit in Sharm El-Sheikh, alongside Egyptian president Abdel Fattah El-Sisi. (Screenshot)
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Updated 07 November 2022
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Saudi Arabia commits $2.5bn to Middle East green initiative

  • Second edition of summit convened leaders from across the world in Egypt on Monday
  • Saudi crown prince was hosting the summit, being held in tandem with ongoing COP27

SHARM EL-SHEIKH: The second edition of the Middle East Green Initiative Summit convened leaders from across the world in Egypt on Monday.

Hosted by Saudi Arabia's Crown Prince Mohammed bin Salman, the summit discussed climate challenges facing the region, and updated leaders on progress since the inaugural summit in 2021, while also announcing new programs accelerating climate action.

The crown prince was hosting the summit, being held in tandem with the ongoing COP27 summit in Sharm El-Sheikh, alongside Egyptian president Abdel Fattah El-Sisi.  

Prince Mohammed said the Kingdom would contribute $2.5 billion to the green initiative in the Middle East over the next 10 years, and host its headquarters.

The crown prince also said the kingdom's Public Investment Fund would aim for net-zero emissions by 2050.

The Middle East Green Initiative aims to reduce carbon emissions from regional hydrocarbon production by more than 60%.

It also plans to plant 50 billion trees across the Middle East and restore an area equivalent to 200 million hectares of degraded land. The initiative will help reduce global carbon levels by 2.5%.

Saudi Arabia plans to rely on renewables for 50% of its electricity generation by 2030, the prince said, removing 44 million tonnes of carbon emissions by 2035, the prince said.

Saudi Arabia had said last year it aimed to contribute 15% of the $10.4 billion required for the fund's clean energy projects.

- With Reuters


First Ramadan after truce brings flicker of joy in devastated Gaza

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First Ramadan after truce brings flicker of joy in devastated Gaza

  • Ramadan lanterns and string lights appear on streets lined with collapsed buildings and piles of rubble in Gaza City
  • The first holy month since the October ceasefire brings mixed feelings for the many still living in tents
GAZA CITY: Little Ramadan lanterns and string lights appeared on streets lined with collapsed buildings and piles of rubble in Gaza City, bringing joy and respite as Islam’s holiest month began — the first since October’s ceasefire.
In the Omari mosque, dozens of worshippers performed the first Ramadan morning prayer, fajr, bare feet on the carpet but donning heavy jackets to stave off the winter cold.
“Despite the occupation, the destruction of mosques and schools, and the demolition of our homes... we came in spite of these harsh conditions,” Abu Adam, a resident of Gaza City who came to pray, told AFP.
“Even last night, when the area was targeted, we remained determined to head to the mosque to worship God,” he said.
A security source in Gaza told AFP Wednesday that artillery shelling targeted the eastern parts of Gaza City that morning.
The source added that artillery shelling also targeted a refugee camp in central Gaza.
Israel does not allow international journalists to enter the Gaza Strip, preventing AFP and other news organizations from independently verifying casualty figures.

‘Stifled joy’

In Gaza’s south, tens of thousands of people still live in tents and makeshift shelters as they wait for the territory’s reconstruction after a US-brokered ceasefire took hold in October.
Nivin Ahmed, who lives in a tent in the area known as Al-Mawasi, told AFP this first Ramadan without war brought “mixed and varied feelings.”
“The joy is stifled. We miss people who were martyred, are still missing, detained, or even traveled,” she said.
“The Ramadan table used to be full of the most delicious dishes and bring together all our loved ones,” the 50-year-old said.
“Today, I can barely prepare a main dish and a side dish. Everything is expensive. I can’t invite anyone for Iftar or suhoor,” she said, referring to the meals eaten before and after the daily fast of Ramadan.
Despite the ceasefire, shortages remain in Gaza, whose battered economy and material damage have rendered most residents at least partly dependent on humanitarian aid for their basic needs.
But with all entries into the tiny territory under Israeli control, not enough goods are able to enter to bring prices down, according to the United Nations and aid groups.

‘Still special’

Maha Fathi, 37, was displaced from Gaza City and lives in a tent west of the city.
“Despite all the destruction and suffering in Gaza, Ramadan is still special,” she told AFP.
“People have begun to empathize with each other’s suffering again after everyone was preoccupied with themselves during the war.”
She said that her family and neighbors were able to share moments of joy as they prepared food for suhoor and set up Ramadan decorations.
“Everyone longs for the atmosphere of Ramadan. Seeing the decorations and the activity in the markets fills us with hope for a return to stability,” she added.
On the beach at central Gaza’s Deir el-Balah, Palestinian artist Yazeed Abu Jarad contributed to the holiday spirit with his art.
In the sand near the Mediterranean Sea, he sculpted “Welcome Ramadan” in ornate Arabic calligraphy, under the curious eye of children from a nearby tent camp.
Nearly all of Gaza’s 2.2 million residents were displaced at least once during the more than two years of war between Israel and Hamas, sparked by the latter’s unprecedented October 7 attack on Israel.
Mohammed Al-Madhoun, 43, also lives in a tent west of Gaza City, and hoped for brighter days ahead.
“I hope this is the last Ramadan we spend in tents. I feel helpless in front of my children when they ask me to buy lanterns and dream of an Iftar table with all their favorite foods.”
“We try to find joy despite everything,” he said, describing his first Ramadan night out with the neighbors, eating the pre-fast meal and praying.
“The children were as if they were on a picnic,” he said.