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  • 26-10-21

    Saudi Arabia announces 2 initiatives at cost USD10.39B to fight climate change

    (MENAFN) To fight climate change, Saudi Arabia's Crown Prince Mohammed bin Salman inaugurated the Middle East Green Initiative (MGI) Summit in Riyadh and proclaimed two initiatives at a cost of SR39 billion (USD10.39 billion) of which Saudi Arabia will be contributing about 15 percent of the entire cost.

    The Crown Prince declared that the assembly also was aiming to put a regional roadmap into place for fighting climate change.

    the Crown Prince further stated that “We gather today at this summit to join forces and coordinate our efforts to protect the environment, confront climate change, and develop a roadmap towards reducing carbon emissions in the region by more than 10 percent of global contribution, and plant 50 billion trees in the region, though the largest tree-planting program globally, this will contribute to achieving 5 percent of the global target for afforestation.”

    The Kingdom will be setting an investment fund for carbon economy solutions in the region, and a global initiative that adds to clean fuel solutions to feed over 750 million people worldwide, Crown Prince added.

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