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FinancialNews


  • 07-06-21

    Saudi Arabia to be part of development of renewable fuel sources

    (MENAFN)The vow is just the newest Saudi move into the key area of renewable and technology in the campaign to accomplish climate change targets under the Paris deal.

    The Kingdom is going to join a core group of 23 nations and international bodies that registered for an initiative known as Mission Innovation 2.0 in an event in the Chilean capital Santiago. The group is estimated to add USD250 billion of investment into renewable energy innovation over the coming decade.

    “Saudi Arabia is committed to promote technologies and solutions that address greenhouse gas emissions under the Circular Carbon Economy platform through accelerating research, development, deployment and dissemination of such technology,” according to Saudi Energy Minister Prince Abdul Aziz bin Salman.

    Saudi Arabia is set to play an important role in the development of renewable fuel sources and clean energy technology.

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