Affordable and Clean Energy
The energy sector has played a crucial role in achieving Saudi Arabia's SDGs and has contributed significantly to increasing GDP volume. Engaging in cleaner energy transitions and innovatively seeking sustainability and inclusivity, line with developing and diversifying the Saudi economy, is at the top of the national political agenda. Enormous investments in the development of infrastructure of the electricity sector, have effectively contributed to significant improvements the standards of living and in the delivery of electricity to all regions of the Kingdom of Saudi Arabia, including villages and hamlets. In addition to ensuring energy access for all, the Kingdom has continued to advance initiatives to improve rates of energy efficiency. In a bid to ensure continued sustainable development of the energy sector, the Kingdom seeks to further strengthen energy security through continued global collaboration, research, regional connectivity, local and international partnerships, alongside capacity building, knowledge transfer, the development of national skills and the promotion of innovation. Other essential factors to ensure the resiliency of our energy sector includes consistently seeking forward-looking, open, efficient, well-functioning, competitive and stable energy markets and to build an energy future characterized by moderate prices, reliability, and the sustainable use of all energy sources and technologies. The Kingdom is building on launched projects in the renewable sector, with the aim to exploit the Kingdom’s competitive advantages, ensure short-term and long-term energy security and make energy available at affordable and adequate prices for producers and consumers alike. Emphasis on investment in cleaner technologies and innovative tools to align with our nationally determined contributions to the Paris Agreement, is of exceptional importance to the Kingdom. This is reflected in principal projects for the Kingdom, such as advancing the Circular Carbon Economy (CCE) through Carbon Capture, Utilization and Storage (CCUS), and facilitating the use of blue and green hydrogen.