Saudi Arabia\u2019s energy minister Prince Abdulaziz bin Salman said on Wednesday that Riyadh supported the final\u00a0COP28\u00a0deal as it leaves countries to decide for themselves on suitable pathways to transition to cleaner sources of energy.<\/p>\n
\u201cWhat is there now, the issue of immediate and gradual disposal (of fossil fuels) has been buried,\u201d Prince Abdulaziz said in an interview with Al Arabiya Business, adding that the deal would not affect the ability of the world\u2019s top oil exporter to sell its crude.<\/p>\n
\u201cThe pharaoh methodology of dictating things has been buried, and so people are free in their choices,\u201d he said, referring to a set time frame for phasing out hydrocarbons.<\/p>\n
Prince Abdulaziz thanked the UAE, saying there was full cooperation and coordination between the two countries.<\/p>\n
\u201cThere was a perfect cooperation between us, they did not leave us, we were always constantly coordinating and consulting, and we were given priority that I don\u2019t think I have ever seen it in any such conference,\u201d he said.<\/p>\n
Prince Abdulaziz referred to the text of the agreement which stipulates that countries transition according to their \u201cnationally determined manner\u201d and according to \u201cdifferent national circumstances, pathways and approaches.\u201d<\/p>\n
\u201cThey are mostly reaffirming our understanding of the climate change agreement, leaving countries without restrictions passed down from entities that are not party to your decision making is what is important,\u201d he said.<\/p>\n
OPEC Secretary General Haitham Al Ghais congratulated the UAE for \u201cthe consensual and positive outcome\u201d of COP28, in a joint statement with the Gas Exporting Countries Forum.<\/p>\n
\u201cWithout adequate levels of investment, the future of our industry is in jeopardy,\u201d it quoted Al Ghais as saying.<\/p>\n
\u201cPart of this effort entails ensuring a balanced narrative on energy transitions and, when necessary, correcting misguided messages related to both hydrocarbon fuels and our industry.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Saudi Arabia\u2019s energy minister Prince Abdulaziz bin Salman said on Wednesday that Riyadh supported the final\u00a0COP28\u00a0deal as it leaves countries to decide for themselves on suitable pathways to transition to cleaner sources of energy. \u201cWhat is there now, the issue of immediate and gradual disposal (of fossil fuels) has been buried,\u201d Prince Abdulaziz said in … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/bestinhongkong.discoverhongkong.com\/wp-json\/wp\/v2\/posts\/9413"}],"collection":[{"href":"https:\/\/bestinhongkong.discoverhongkong.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bestinhongkong.discoverhongkong.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bestinhongkong.discoverhongkong.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bestinhongkong.discoverhongkong.com\/wp-json\/wp\/v2\/comments?post=9413"}],"version-history":[{"count":1,"href":"https:\/\/bestinhongkong.discoverhongkong.com\/wp-json\/wp\/v2\/posts\/9413\/revisions"}],"predecessor-version":[{"id":9414,"href":"https:\/\/bestinhongkong.discoverhongkong.com\/wp-json\/wp\/v2\/posts\/9413\/revisions\/9414"}],"wp:attachment":[{"href":"https:\/\/bestinhongkong.discoverhongkong.com\/wp-json\/wp\/v2\/media?parent=9413"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bestinhongkong.discoverhongkong.com\/wp-json\/wp\/v2\/categories?post=9413"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bestinhongkong.discoverhongkong.com\/wp-json\/wp\/v2\/tags?post=9413"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}