HRH Minister of Energy Meets with US Secretary of Energy and They Sign a Roadmap for Cooperation in the Field of Energy
EOA’s Main Takeaway
This meeting has nothing to do with oil nor OPEC+. It is about cooperation in clean energy. Secretary Granholm traveled to the region for the Net Zero Groupe meeting.
Riyadh, May 15, 2024, SPA -- His Royal Highness, Prince Abdulaziz bin Salman bin Abdulaziz; Minister of Energy, met in Riyadh today, with Jennifer M. Granholm; United States Secretary of Energy.
Within the context of the Partnership for Advancing Clean Energy Agreement, signed by the Kingdom of Saudi Arabia and the United States of America, in Jeddah on July 15, 2022, the Ministers discussed ways to enhance cooperation between the two countries in various energy fields, including carbon management, clean hydrogen, nuclear energy, electricity and renewables, innovation, energy sector supply chain resilience, and energy efficiency.
The two Ministers also addressed the Kingdom's efforts to tackle climate change through local and regional initiatives based on Circular Carbon Economy, including the “Saudi Green Initiative” and the “Middle East Green initiative”.
After the meeting, HRH Minister of Energy and HE U.S. Secretary of Energy signed a roadmap for cooperation in the field of energy between the Kingdom of Saudi Arabia and the United States of America. The roadmap represents the joint implementation plan for energy cooperation, under the Partnership Framework for Advancing Clean Energy signed between the two countries in Jeddah on July 15, 2022, and sets a timeline that outlines critical projects for collaboration.
Both sides have agreed to implement the roadmap through several workstreams, including exchanging knowledge on policies in the areas covered by the roadmap, including policies related to standards and regulatory frameworks, enhancing joint research and development, especially in the field of new technologies, and building human capital through training and exchange of expertise.
The partnership framework covers cooperation in various fields and projects including clean energy, clean hydrogen, Circular Carbon Economy, Carbon Capture, Utilization and Storage technologies, clean cooking solutions, emissions reduction, research and development, and clean electricity generation technologies. The partnership framework also allows for further cooperation in other areas, in alignment with both countries' policies, laws, and international commitments.
-- SPA
