https://arab.news/wj8m3
- 鈥淪olving sustainability problems requires technology and China has contributed greatly by increasing technical progress and making the cheapest energy available to the world鈥�
DUBAI: A panel of ministers and experts gathered at the World Economic Forum in Riyadh on Sunday to discuss the road map for tripling renewables by 2030.
The UAE鈥檚 Minister of Energy and Infrastructure Suhail Mohamed Al-Mazrouei said his country鈥檚 goal would not only be reached but possibly exceeded by 2030.
鈥淭he UAE has been offering solar power to aid the world in reaching the goal of tripling renewables,鈥� he said. 鈥淲e have very few years until 2030, we need to work alongside and encourage countries to make the achievement by then.鈥�
Li Zhenguo, president of Longi Green Energy Technology, said the Chinese government had been at the forefront of efforts to develop renewables.
鈥淚n 2023, China installed 216 solar power plants, which is more than 50 percent of the global capability,鈥� he said.
鈥淪olving sustainability problems requires technology and China has contributed greatly by increasing technical progress and making the cheapest energy available to the world.鈥�
Marco Arcelli, CEO of Saudi-based ACWA Power, said he was surprised by the momentum in the region.
鈥淪audi and UAE have the most ambitious decarbs programs in the world. There is a speed and dimension you don鈥檛 see much elsewhere,鈥� he said.
鈥淭here is leadership with a vision, there is cheap energy available and I believe you will start seeing greenshoring in the Kingdom by 2030. Lots of upcoming projects in the country, be it NEOM or others, will be solar driven and using renewable energy.鈥�
Kuwait鈥檚 Minister of Electricity, Water and Renewable Energy Salem Alhajraf said there was a need to increase global production capacity.
鈥淚nnovative financing is key,鈥� he said. 鈥淲e need to move from small giga-sized projects to deploying renewables. Cities or towns with small populations can possibly have all their needs met by solar power.鈥�
Stephanie Jamison, global Resources Industry Practices chair at Accenture, said her company had been developing guidelines for community engagement and nature transition.
鈥淏y conducting surveys and interviewing various CEOs, it has become clear that companies understand the impact they are making on nature. And so, partnerships between companies and proactive partnerships between companies and the community is one way to tackle challenges.鈥�