Dr. Mahmoud Mohieldin described Saudi Arabia’s initiatives to preserve the environment and support a green economy as major steps towards sustainable development, as the Kingdom announced at the Green Middle East Summit recently hosted by Riyadh that it will establish three regional centers: Changes and the Regional Dust Storm Early Warning Center And the regional cloud seeding program as an initiative of Saudi Arabia to preserve the local and regional environment and support the efforts of countries in this aspect, noting that the Kingdom has launched many initiatives for peace, environment , intercultural dialogue, assistance and reconstruction.
And based on the interests of His Highness Crown Prince Mohammed bin Salman in the field of sustainable development and clean energy, as the Kingdom believes in the transition from a traditional economy to a globally efficient economy, which is embodied in the Kingdom’s vision until 2030.
The consequences of climate change
The Executive Director of the International Monetary Fund warned of the severity of the impacts of climate change, which require serious international action and the translation of recommendations and promises into actions and policies on the ground, noting that the climate summit to be held in Egypt next November will be an implementation summit, not only rhetoric and promises. To the importance of implementing the international commitments made at the Paris summit, including the promise to spend $100 billion at the Copenhagen summit, of which only 79% was spent. a billion package is just a drop in the ocean and is no longer enough to address climate change, which requires $3.5 trillion to $5 trillion, and he said $100 billion is a commitment that needs to be met, with major industrial developed countries are responsible for the harmful emissions and harsh climate events that affect developing countries.
funding programs
He indicated that the International Monetary Fund is seeking to launch $130 trillion in climate change financing programs around the world to align funding and implementing agencies. Dr. Mahmoud Mohieldin said:
