These include the launch of a circular carbon economy knowledge hub as well as a regional centre to advance emissions reduction, said Prince Abdulaziz bin Salman, Saudi Arabia’s Minister of Energy after the project launch today (November 12) on the second day of the Saudi Green Initiative (SGI) Forum being held on the sidelines of COP27 at Sharm El Sheikh in Egypt.

 

As part of its commitments to the Middle East Green Initiative (MGI), the kingdom is launching the circular carbon economy (CCE) knowledge hub.

 

This platform will facilitate regional collaboration in CCE technologies, and share the information, best practices and learnings that will support the region-wide implementation of NDCs, helping achieve the ambitious targets set under MGI, stated Prince Abdulaziz.

 

Also the kingdom is working with the United Nations Economic and Social Commission for Western Asia (ESCWA) to set up a regional centre to advance emissions reduction. 

 

This unit will provide opportunities for regional collaboration to accelerate emissions reduction and facilitate the implementation of the CCE. It will also be a powerful platform to represent regional voices, influencing global narratives and developing a roadmap to lower emissions.

 

The Saudi energy minister said the country was also working with UNFCCC to host the next Mena Climate Week in 2023. 

 

Taking place in the lead up to COP28 (being held in the UAE), this event will bring together key regional and global stakeholders to explore challenge and opportunities, showcase innovation and solutions, and advance climate action.-TradeArabia News Service