Back to the complete issue
Thursday, 10 November 2022

KSA introduces 66 new climate programs

KSA unveils 66 new climate programs to scale climate action: Saudi Arabia presented 66 new initiatives designed to scale climate action as part of the Saudi Green Initiative (SGI) launched at COP26, Arab News reports. The new programs are classified according to four thematic areas, SGI project manager Albaraa Aldhahri told the news outlet: The circular carbon economy; extending vegetation coverage and reducing degraded land; protecting wildlife habitats and biodiversity; and promoting sustainability.

New targets announced: The SGI is aiming to reduce emissions by 278 mn tons/year by 2030, Aldhahri is quoted as saying. It aims to plant 10 bn trees “in the coming decades” and increase protected coastal areas and land by “more than 30% of the total area of Saudi Arabia,” he added. The vast majority of the approved initiatives will extend vegetation coverage or reduce degraded land, he’s quoted as saying.

About the Saudi Green Initiative: The SGI’s overall goal is to promote programs that support environmental protection, energy transition and sustainability, to “rapidly scale climate action,” its website notes. It does this by bringing together Saudi government ministries, the private sector, and non-Saudi players, facilitating collaboration, the website adds.


ALSO FROM THE POLICY FRONT-

GHG emissions will be fully tracked: Climate Trace, an online platform monitoring and publishing greenhouse gas emissions for the top 72k polluters worldwide across 20 sectors, will monitor power plants, steel mills, oil and gas fields, cement and aluminum producers, among other contributors to climate change across the world, according to a statement. Founded by a group of research NGOs, backed by former US Vice President and longtime climate activist Al Gore, it is the first platform identifying and tracking the most prominent emission producers, using AI to help its fleet of experts analyze and calculate emissions that previously-used methodologies would have missed. Catch more in EnterprisePM.

Big corporate is on board for carbon neutrality efforts: Bechtel, General Electric, General Motors, Honeywell, Invenergy, and Johnson Controls launched their Corporate Coalition for Innovation & Technology toward Net Zero Initiative to help countries achieve their net-zero ambitions, according to a statement. The initiative will provide nations with a platform for cost-effective tech solutions to realize climate targets and raise awareness on public and private sector partnerships to achieve decarbonization and net zero goals.

  • The clean energy transition is “good for business” with wealthy countries standing to make huge economic, social and environmental gains by relying on cheaper power, UN climate chief Simon Stiell said, according to Reuters.
  • New regulations from the UAE’s Department of Energy will require 60% of Abu Dhabi’s electricity demands be sourced from renewable energy sources by 2035, according to WAM.

MEANWHILE, OUTSIDE COP LAND-

China will curb peak building-related emissions in 2030 — years after its cement and building materials industries, Bloomberg reports. The country’s cement and building materials industries have set targets for 2023 and 2025 respectively, allowing China to ensure its growth remains on course even as it makes the transition to clean energy. China invested in expanding its coal-fired power capacity earlier this year as it aggressively expands its renewable capacity in tandem in order to source a third of its electricity from renewables by 2025.

Enterprise Climate is available without charge thanks to the generous support of HSBC (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; and Infinity Power (tax ID: 305-170-682), the leading generator and distributor of renewable energy in Africa and the Middle East. Enterprise Climate is delivered Mon-Thurs before 4 am UAE time. Were you forwarded this copy? Sign up for your own delivery at climate.enterprise.press. Contact us on climate@enterprisemea.com.