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Saudi Arabia allocates $2.5 billion to Middle East Green Initiative

Central to Saudi Arabia’s strategy for addressing climate change is the implementation of afforestation programs
Saudi Arabia allocates $2.5 billion to Middle East Green Initiative
"As the world's largest oil producer, the Kingdom feels a responsibility toward the climate," Al-Jubeir stated (Image: SPA)

Saudi Arabia has made a significant allocation of $2.5 billion to the Secretariat of the Middle East Green Initiative, which has garnered the attention and participation of numerous countries. More countries have expressed interest in joining this initiative, making it the largest green initiative globally.

During his participation in a panel discussion titled ‘Saudi Arabia’s Efforts in Climate Change’ during the National Greening Forum, Adel bin Ahmed Al-Jubeir, Minister of State for Foreign Affairs, Cabinet Member, and Envoy for Climate Affairs, emphasized Saudi Arabia’s commitment to environmental protection through the fund allocation and several other initiatives.

Afforestation and climate change mitigation

Central to Saudi Arabia’s strategy for addressing climate change is the implementation of afforestation programs. Al-Jubeir emphasized that these efforts are not only crucial for environmental sustainability but also essential for achieving the ambitious goals of the Saudi Vision 2030. Recognizing the interconnectedness of environmental health and societal well-being, Saudi Arabia prioritizes initiatives that promote clean air and a healthy environment.

“As the world’s largest oil producer, the Kingdom feels a responsibility towards the climate and aims to lead efforts in combating climate change, not only by adhering to international standards but also by shaping them,” Al-Jubeir stated.

Saudi Arabia’s role in climate action

Al-Jubeir underscored Saudi Arabia’s recognition of its interconnectedness with the international community. Moreover, he emphasized that global events profoundly impact the Kingdom and vice versa. By leading efforts to combat climate change through initiatives like the Middle East Green Initiative, Saudi Arabia aims not only to adhere to international standards but also to shape them, leveraging its position as the world’s largest oil producer to drive meaningful change on the global stage.

Economic implications

Highlighting the direct economic impact of climate change, Al-Jubeir emphasized the importance of mitigating environmental risks to ensure stability and prosperity. Disasters and floods resulting from climate change disrupt supply chains, shipping and transportation, ultimately affecting consumers and leading to higher commodity prices. Addressing climate change is thus not only an environmental imperative but also an economic necessity for sustainable development.

Read: UN body adopts human rights protections for carbon market mechanism

Middle East Green Initiative

Al-Jubeir concluded by reaffirming Saudi Arabia’s commitment to environmental leadership through initiatives such as the Saudi and Middle East Green Initiatives. Launched by H.R.H Crown Prince, these initiatives aim to harness the Kingdom’s expertise in circular carbon economy, combating desertification, and land rehabilitation. By promoting tree planting and reducing carbon emissions, Saudi Arabia seeks to lead the region towards a sustainable and resilient future.

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