Through the Middle East Green Initiative (MGI), Saudi Arabia aims to bring together regional stakeholders to collectively achieve more than a 60% reduction in emissions from regional hydrocarbon production. The MGI target to reduce emissions by 670 million tons of CO2e constitutes the nationally determined contributions (NDCs) from all countries in the region. This represented 10% of global contributions at the time the target was announced in 2021.
To achieve this, MGI will facilitate collaboration at the highest levels of government to enable businesses and civil society to scale up carbon capture, invest in the green economy and encourage innovation and growth in renewables.
Saudi Arabia believes that MGI can enable a new era of cooperation and knowledge transfer between countries to catalyze tangible positive global impact. To this end, MGI is working to promote climate-friendly policies and investments, and expand the infrastructure and capacity for climate action within the region.
Uniting regional leaders towards the shared goal of creating a better future for people and planet.
At CO27, Saudi Arabia announced the launch of the CCE Knowledge Hub, a platform that will facilitate regional collaboration in CCE technologies.
The Kingdom is working with the United Nations Economic and Social Commission for Western Asia (ESCWA) to establish a regional center to advance emissions reduction.
Working alongside MGI partner countries to establish a regional carbon capture, utilization and sequestration (CCUS) hub.
Enabling access to clean fuel sources for cooking will help improve the lives of millions of people while reducing emissions.
Initiating a regional fund dedicated to investing in Circular Carbon Economy technology solutions will spur a new era of green innovation.
The Middle East and Africa’s involvement in the fight against climate change is critical not just for the region, but for the world.
The goals set under the Middle East Green Initiative are inspiring countries to do more to make a carbon free future possible, engendering global impact.
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