RIYADH: Saudi Energy Minister Prince Abdulaziz bin Salman emphasized the importance of balancing economic growth, energy security, and climate change mitigation as he met with G20 counterparts in Brazil, the Saudi Press Agency reported. Prince Abdulaziz joined the 7th Energy Transitions Working Group, the 15th Clean Energy Ministerial, and the 9th Mission Innovation Ministerial meetings. Sustainable energy policies, just energy transitions, and cooperation to address climate change were discussed at the gatherings. The last meeting, in Foz do Iguaçu, concluded on Friday. Prince Abdulaziz highlighted the Kingdom’s leadership in carbon technologies and its ambition to become a global leader in circular carbon economy technologies and clean energy production and export. The Kingdom is progressing well to up its renewable energy capacity to 44 gigawatts by the end of 2024. Saudi Arabia is also establishing a hydrogen production center in Ras Al-Khair Industrial City and launching a large-scale carbon capture and storage project with an annual capacity of 9 million tons by 2027. The Saudi initiative line up with the G20 goals of promoting sustainable energy transitions, energy security, and environmental sustainability.