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RIYADH: The United Nations is ready to help Saudi Arabia invest in clean energy programs to meet carbon emission targets, according to a UN official on Monday.
The UNs resident coordinator in Saudi Arabia, Riyad Musa Al-Ahmad, said the United Nations Development Program (UNDP) is ready to support the launch of Clean Development Mechanism (CDM) activities in the Kingdom.
Al-Ahmad, who is also the resident representative of the UNDP office in Riyadh, was opening a workshop on CDM opportunities in the waste and water sectors at the UN house in Riyadh. The event was the second of three workshops organized by the Ministry of Petroleum and Mineral Resources CDM authority.
The first workshop, which addressed challenges and opportunities in the cement and heavy industry sectors, took place in Jeddah on Saturday. The third event on emission reductions in the petrochemical sector took place on Tuesday.
“We stand ready to work with our partners to support the entry of the Arab region into the global CDM market,” Ali-Ahmad said.
“The entry of Saudi Arabia into the global carbon market holds the benefit of the country playing its part in achieving global goals under the UN Framework Convention on Climate Change and the Kyoto Protocol, and attracting new foreign investments to achieve new national goals for the expansion of clean energy.”
UNDP has been present in Saudi Arabia since 1965, with current cooperation focusing on climate change and environment, national development planning and poverty reduction policy, as well as economic diversification, trade and corporate social responsibility and public administration reform.
“With the recent launch of a National CDM office in Saudi Arabia, UNDP stands ready to work with national partners in engaging the benefits of carbon finance for achieving Saudi Arabias clean energy goals,
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