Riyadh, Oct. 25, 2021, SPA -- His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince and Deputy Prime Minister, inaugurated in Riyadh today the “Middle East Green Initiative Summit”, with a wide international participation, led by heads and leaders of countries and decision-makers of the world. The initiative, presented by the Kingdom of Saudi Arabia, is designed to draw a regional map to preserve and raise the quality of life and make a global difference in preserving the nature, humans and animals, and face the challenges of climate change. At the outset of the summit, HRH the Crown Prince delivered the following speech: Your Highnesses, Excellencies Honourable attendees, We welcome you today, in your second country, the Kingdom of Saudi Arabia, to the inaugural Middle East Green Initiative Summit. We gather today at this summit to join forces and coordinate our efforts to protect the environment, confront climate change, and develop a roadmap towards reducing carbon emissions in the region by more than (10%) of global contribution, and plant (50) billion trees in the region, though the largest tree-planting program globally, this will contribute to achieving (5%) of the global target for afforestation. Today, in the first edition of this summit, we aim to work together to develop a regional roadmap and a framework to enable the achievement of these ambitious targets. Honorable attendees, The Kingdom of Saudi Arabia believes that traditional energy sources were the primary reason for the transformation underwent by the regional and global countries from traditional agricultural economies to globally active economies and the catalyst towards the fastest economic growth ever known to mankind. Today, we are ushering a new green era for the region; in which we are collectively leading and reaping its fruits. in our joint belief that the effects of climate change are not limited to the natural environment only, but also to the economy and security of our nations. Despite that, we believe that climate change is an economic opportunity for our citizens and the private sector, which, stimulated by the Middle East Green Initiative, will create quality jobs and encourage innovation in the region. Distinguished guests There are gaps in the regional climate action system. And through coordinating regional efforts and sharing experiences and technologies, we can accelerate achievements in our initiatives. To enable this, the Kingdom announces that it will establish a Cooperative Platform to implement the concepts of Circular Carbon Economy (CCE), establish a regional hub for climate change, develop a regional centre for Carbon Capture, Utilization, and Storage (CCUS), a regional centre for early warning of storms; a regional centre for sustainable development of fisheries; and a regional cloud seeding program. These centres and programs will play a major role in establishing the necessary infrastructure to protect the environment, reduce emissions and raise the level of regional coordination. And in continuance of the Kingdom’s leading role in the development of global energy markets, we announce of the establishment of a fund to invest in Carbon Circular Economy technology solutions for the region, in addition to a regional initiative that contributes to providing solutions for “clean” energy sources for cooking to more than (750) million people in the world; these two initiatives are valued at roughly (39 Billion) Riyals, and the Kingdom will contribute to roughly (15%) in funding that. We will also work with countries, regional and global development banks to discuss funding and execution solutions to these initiatives. As we are keen to raise the level of coordination, we announce the establishment of the Green Initiative Foundation, as a non-profit organization to support the agenda of the summit. In conclusion, facing climate change requires us to jointly work towards developing advanced technologies and creating the appropriate environment to finance them, preserving our region’s natural treasures, and strengthening our cooperation. I now invite the delegations to participate in the summit’s agenda and to deliver their speeches, wishing our summit all the success. Peace, God's mercy and blessings be upon you. The summit was attended by Prince Abdulaziz bin Salman bin Abdulaziz, Minister of Energy; Prince Turki bin Mohammed bin Fahd bin Abdulaziz, Minister of the State and Cabinet Member; Prince Abdulaziz bin Saud bin Naif bin Abdulaziz, Minister of Interior; Prince Abdullah bin Bandar bin Abdulaziz, Minister of National Guard; Prince Faisal bin Farhan bin Abdullah, Minister of Foreign Affairs; Dr. Majid bin Abdullah Al-Qassabi, Minister of Commerce, and Eng. Khalid bin Abdulaziz Al-Falih, Minister of Investment. --SPA 18:45 LOCAL TIME 15:45 GMT 0032 www.spa.gov.sa/w1641286