World Economic Forum Panel Discusses Tripling Renewables by 2030
At the World Economic Forum in Riyadh, a panel of ministers and experts came together to discuss the ambitious goal of tripling renewables by 2030.
UAE Leading the Way in Solar Power
Minister of Energy and Infrastructure Suhail Mohamed Al-Mazrouei of the UAE expressed confidence in surpassing the goal of tripling renewables by 2030. He highlighted the UAE’s contributions to solar power and emphasized the importance of collaboration among countries to achieve this target.
China’s Remarkable Progress in Renewable Energy
President of Longi Green Energy Technology, Li Zhenguo, praised China’s efforts in developing renewables. He noted that China installed a significant number of solar power plants in 2023, leading the global capacity.
Saudi Arabia and UAE’s Ambitious Decarbonization Programs
CEO of ACWA Power, Marco Arcelli, commended the momentum in the region, particularly in Saudi Arabia and the UAE. He highlighted the leadership and vision driving decarbonization efforts, predicting an increase in solar-driven projects in the Kingdom by 2030.
Global Collaboration and Innovative Financing Key to Increasing Renewable Production
Kuwait’s Minister of Electricity, Water and Renewable Energy, Salem Alhajraf, stressed the importance of innovative financing to boost global production capacity of renewables. He emphasized the potential for small populations to meet their energy needs through solar power.
Accenture’s Approach to Addressing Sustainability Challenges
Stephanie Jamison, Chair of Accenture’s global Resources Industry Practices, highlighted the company’s focus on community engagement and nature transition. By fostering partnerships between companies and communities, they aim to tackle sustainability challenges effectively.