Saudi Arabia backs 'affordable price' for energy: Saudi Energy

  • 11/1/2021
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This requires that all these pillars be taken into account together, without prejudice to one for the other Saudi Minister of Energy Prince Abdulaziz bin Salman stressed the importance of providing energy at affordable costs to all, based on the G20 initiative, SPA reported. The minister also stressed the importance for everyone to understand that the world needs various sources of energy, indicating that there are three basic pillars on which the energy sector depends, namely energy security, economic development that ensures the well-being of people, and addressing the challenges of climate change. This requires that all these pillars be taken into account together, without prejudice to one for the other, whatever the circumstances, he said. The G20"s last session in Italy focused on three main areas, smart, flexible and sustainable cities, recovery and opportunities offered by innovative technological energy solutions, and financial flows compatible with the Paris Agreement, bin Salman bin Abdulaziz told SPA. The summit confirmed building on the qualitative initiatives adopted under the Kingdom"s presidency of the group in 2020, he said. The session focused on the importance of a commitment to collective action to reduce the effects of climate change by promoting the full and effective implementation of the Paris Agreement by all parties, he said.

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