Saudi Energy Minister Prince Abdulaziz bin Salman has voiced his support for the final deal reached at COP28, which signals consensus among participating countries in transitioning away from fossil fuels to reach net zero. Prince Abdulaziz stated that the agreement would not impact Saudi Arabia’s hydrocarbon exports, as it provides alternatives without affecting the country’s ability to sell. He expressed gratitude to the UAE for hosting the UN climate summit and highlighted the cooperation between the two nations throughout the event.
COP28 delivered significant outcomes, including the operationalization of Loss and Damage, securing early pledges totaling $792 million, establishing a framework for the Global Goal on Adaptation, and institutionalizing the role of the Youth Climate Champion to promote youth inclusion at future COPs. The Saudi energy minister emphasized that the final agreement aligns with the essence of the Paris Agreement, with a focus on countries determining their own pathways. He appreciated the fact that the text does not impose anything but aims to strengthen participation based on each country’s unique circumstances.
Prince Abdulaziz also highlighted the inclusion of hydrogen in the agreement, noting that it is now considered not only green but also clean hydrogen. He reiterated that the Kingdom of Saudi Arabia is transitioning because it aligns with their national interest. The agreement provides several alternatives for countries to transition, with none of them being imposed.