Sharm El Sheikh, November 13, 2022, SPA -- Sharm El Sheikh yesterday hosted a panel discussion titled “The importance of climate action”, which was held as part of the second day of the Saudi Green Initiative Forum, organized on the sidelines of COP27. The session covered the importance of increasing mobility to decarbonize the region, the role of finance in enhancing climate action, and the necessity of joint regional and international cooperation to address the challenge of climate change. In reference to the Kingdom of Saudi Arabia's concern for sustainability, energy security, and economic success, Prince Abdulaziz bin Salman bin Abdulaziz, Minister of Energy, said: "The Kingdom of Saudi Arabia adopts a balanced approach to addressing climate change." He also discussed the significance of the Saudi and Middle East Green Initiatives from an environmental standpoint, highlighting the urgent need for such initiatives given the extent to which the region has been impacted by climate change. Prince Abdulaziz praised the hosting of COP27 to the second Middle East Green Forum and the Saudi Green Initiative Forum to highlight the Kingdom of Saudi Arabia's commitments and what it can offer in the field of climate change, noting that such initiatives provide a better opportunity for young people to achieve these aspirations and demonstrate their commitment to them and that the youth will especially benefit greatly from such endeavors. The minister also discussed how climate change is affecting the world economy, stressing the importance of mobilizing resources, using inclusive strategies, taking into account everyone's needs, and holding nations accountable for their commitments to address this crisis in order to create a better and more sustainable way of life. --SPA 19:19 LOCAL TIME 16:19 GMT 0024 www.spa.gov.sa/w1812788