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Crown Prince Announces Mega SR39 Billion Initiatives To Fight Climate Change
World leaders gathered in Riyadh at the Middle East Green Initiative (MGI) Summit, which was launched by Crown Prince Mohammed Bin Salman.
Speaking at the summit, the Crown Prince announced two initiatives to combat climate change at a cost of SR39 billion ($10.39 billion). Saudi Arabia will be contributing approximately 15% of this.
Other major announcements were also made by the Crown Prince including one in which he mentioned that 50 billion trees will be planted in the region, through the world’s largest tree-planting program.
This program alone is expected to contribute 5% of the global target for afforestation.
Closing the Middle East Green Initiative Summit, HRH the Crown Prince highlighted the “big opportunity” for global leaders to lead the new era of climate action. “We will stand proud in front of the whole world with our Middle East achievements,” he says. pic.twitter.com/LVjdPDsaY4
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— Saudi Green Initiative (@Gi_Saudi) October 25, 2021
Also announced at the summit were regional centers for climate change, Carbon Capture, Utilization, and Storage (CCUS), early warning systems and sustainable fisheries development.
“20 nations equal about 80% of all emissions,” says US Special Presidential Envoy for Climate @JohnKerry at #MGISummit. “We need to come together in order to get this done.” pic.twitter.com/6tf5BWwvDj
— Saudi Green Initiative (@Gi_Saudi) October 25, 2021
In attendance at the summit were Pakistan’s Prime Minister Imran Khan, Crown Prince of Jordan Hussein bin Abdullah II and U.S. Special Presidential Envoy for Climate John Kerry among a host of other diplomats.
Saudi Arabia proudly hosted world leaders at the #MGISummit, taking collective action to responsibly meet current & future environmental challenges, which have always been a cornerstone of #SaudiVision2030 since its inception.#MiddleEastGreenInitiative https://t.co/whKnaJbZ0M
— رؤية السعودية 2030 (@SaudiVision2030) October 25, 2021
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