It is becoming clear for those who follow Saudi Arabia’s economic reform, that the Kingdom has grand plans to become the top supplier of hydrogen in the region and the world. This is driven by Saudi Arabia’s quest to diversify its export, build a new renewable industry, lower its carbon footprint, and address climate change goals. Saudi Arabia, which has clear advantages on
It goes without saying that issues surrounding sustainability and climate change are the center of world attention. However, the debate continues on how best to hit sustainability and decarbonization targets and how to balance this with energy security concerns. Many companies, including oil and gas firms, have set net zero targets. Some are already reducing or offsetting
The World Economic Forum’s recent annual meeting was held against the backdrop of a post-COVID-19 economic rebound, the Russia-Ukraine war, higher global energy prices, and energy supply shortages in Europe. This is creating an interesting debate among delegates in Davos, Switzerland over the pull between the need for energy security and sustainability at the same time. The
As international air travel ramps up following the COVID-19 pandemic, Saudi Arabia hosted the inaugural Future Aviation Forum this week in Riyadh. The two-day event was an opportunity for regional government and business leaders to meet international CEOs and regulators, as the industry aims to resolve issues arising from the health crisis and shape the future of air travel.
The UN’s third Intergovernmental Panel on Climate Change was published earlier this month with a stark warning that climate change is causing more frequent severe storms, floods, droughts, wildfires, and other extreme weather events. It said that current plans by governments around the world to address climate change are not enough to limit warming to 1.5°C above