Saudi Arabia’s leadership in global clean energy advocacy stressed at COP28 

Jean-François Gagne, head of the secretariat at the Clean Energy Ministerial, emphasized the significance of regional harmonization in advancing climate change ambitions. AN Photo
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Updated 30 January 2024
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Saudi Arabia’s leadership in global clean energy advocacy stressed at COP28 

DUBAI: Saudi Arabia is poised to take a leadership role in global forums, leveraging its presence in the G20 and the Clean Energy Ministerial to spotlight regional knowledge and environmental concerns on the world stage, according to a senior executive.   

During the UN Climate Change Conference, COP28, in Dubai, Jean-François Gagne, head of the secretariat at the Clean Energy Ministerial, emphasized the significance of regional harmonization in advancing climate change ambitions.    

“Saudi Arabia has the advantage of being at the G20 table, allowing it to play a leadership role in bringing regional knowledge and environmental concerns to the international table. This is crucial because we need all regions of the world to move forward together,” Gagne told Arab News.     

He added: “When you have regional champions, it really helps making sure that there’s no one that gets left behind in terms of advancing our clean energy goals.”    

Gagne also explained two ways in which regional collaboration can help accelerate ambitions related to climate change. The first involves creating higher demands for common products and technologies.  

“We know there’s going to be a need for brand-new technologies to be able to be deployed more broadly. When you have industry and governments working together in terms of defining what these new technologies will be, you need to be able to show that there will be enough demand for the investment in terms of bringing these new technologies forward,” he said.  

The second involves reducing the costs associated with deploying these technologies.  

“Making sure that the markets between different countries don’t create hurdles to the deployment is going to be important. Regional harmonization plays a significant role in bringing down the cost of deploying those technologies. This, in turn, makes it much easier for policymakers to increase their climate ambition because they know that the technologies will be there at a cost that is reasonable,” he continued.  

Underscoring the importance of harmonization and collaboration, Gagne explained ways in which the private sector could engage more with the public sector.   

“First of all, they need to make sure that when they look at these questions, they don’t look only at their own individual companies’ benefits, but they look at this in terms of a sectoral approach to finding the right solutions,” he said.  

Gagne added: “The second, they can engage in dialogue with governments in terms of what are the real feasible opportunities for governments to drive the demand for these new technologies.”   

During a session discussing the crucial role of regional coordination, Steve Kukoda, vice president and executive director at the International Copper Association, stated that collaboration is crucial to advancing ambition.   

“Regional harmonization really is critical to accelerating actual ambition, and we talked about the first cost barrier. This is a way to bring the cost down, but on multiple levels,” Kukoda said.   

He added: “If you manufacture an air conditioner, you now can sell the same product in 10 countries. You don’t have to have different types of the same air conditioner just to meet the standards of individual countries. So that increases the scale of production and brings down costs.”   

As part of Saudi Arabia’s Vision 2030’s prominent projects, Richard Bush, chief environment officer at NEOM, underlined the giga-project’s mission, as articulated by the chairman, Crown Prince Mohammed bin Salman. The mission is straightforward: to construct the world’s first sustainable and highly livable city.   

“Every city we’ve built has created an unreasonable impact on the environment and an unacceptable level of pollution. And what I’d like to say about this project is that it’s completely transformed,” Bush said.   

He added: “The way we think we’re going to design, live, and function into the future. There is nothing we do on a daily basis that resembles anything we’ve experienced before.”


Egypt, Qatar’s Al Mana Holding sign $200m sustainable aviation fuel deal 

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Egypt, Qatar’s Al Mana Holding sign $200m sustainable aviation fuel deal 

RIYADH: Egypt has signed a $200 million agreement with Qatar’s Al Mana Holding to develop a sustainable aviation fuel plant in the Suez Canal Economic Zone, marking the first Qatari industrial investment in the area. 

The project, located in the Ain Sokhna Integrated Zone, will be built on a 100,000-sq.-meter site and have an annual production capacity of 200,000 tonnes, according to a post on the official account of the Egyptian Cabinet Presidency. 

The facility will produce sustainable aviation fuel and by-products, including biopropane and bionaphtha, using refined used cooking oil. 

Al Mana Holding has secured a long-term supply agreement with Shell for the full output of the project, with deliveries of sustainable aviation fuel expected to begin by the end of 2027. 

The project aligns with Egypt’s national plans to support the aviation sector in line with environmental sustainability standards, amid strong global growth expectations for cleaner aviation fuels.  

“This project is a new addition that enhances the capabilities of the economic zone in keeping pace with the global trend toward relying on renewable energy sources, especially in supporting the promising aviation sector,” Egypt’s Prime Minister Mostafa Madbouly said. 

Madbouly added that the signing of the contract, which coincided with the Egyptian-Qatari Business Forum in Cairo, reflects recent improvements in bilateral relations and the desire of both countries’ leaderships to translate political cooperation into increased investment and trade. 

Waleid Gamal El-Dein, chairman of the SCZONE, said environmental sustainability is a core pillar of the zone’s strategy. “The project will lead to a reduction in harmful emissions by rates ranging between 50 to 80 percent compared to conventional fuel,” he added. 

He said securing a long-term offtake agreement with Shell would help boost exports from projects within the SCZONE and support Egypt’s broader plans to increase exports and reduce imports. 

The total number of companies established in the SCZONE has reached 457, including 296 formed since the start of the 2022/2023 fiscal year, with total issued capital of $785 million from investors across multiple countries, according to Gamal El-Dein. 

Abdulaziz Al-Mana, CEO of Al Mana Holding and chairman of Green Sky Capital, said the company was pleased to partner with the SCZONE, praising Egypt’s investment environment and government support in facilitating project implementation.