13 Jun 2024
In a recent discussion, industry experts gathered to address the challenges and strategies for global decarbonization and the energy transition. Key points included the need for infrastructure development to alleviate bottlenecks and enable resource utilization. Emphasis was placed on technology-agnostic financing for projects that reduce carbon emissions. Innovative approaches in Saudi Arabia were highlighted, such as leveraging carbon markets and Islamic finance to fund decarbonization. The profitability of decarbonization projects was affirmed, with a focus on combining technology, efficiency, and supply chain to attract substantial capital investment. The role of policy and legislation in supporting industry development was also acknowledged, alongside a call to focus on emission reduction rather than demonizing energy forms.