MANAMA, Bahrain, November 30, 2023 (Globe Newswire) — Bahrain today announced its National Energy Strategy. This is a clear, reliable and responsible path to achieving the climate goal that Saudi Arabia pledged to achieve at COP26: a 30 percent reduction in energy use. This strategy is rooted in his twin goals of decarbonizing Bahrain’s economy while ensuring reliable and affordable access to the energy the kingdom needs to sustain and indeed accelerate growth. . This is one of his six priority sector strategies under Saudi Arabia’s forward-looking economic recovery plan.
Recognizing that there are many ways to tackle decarbonization, with some countries focusing on regulatory approaches and others on industry-led initiatives, Saudi Arabia is leveraging the advantages of its small size to develop a partnership model. Selected. This strategy is the result of true collaboration between government and industry. This was an effort to leverage the latter’s expertise and know-how to build a comprehensive, cross-disciplinary plan that maximizes synergies and scale-up opportunities. By working together from the beginning, government and industry are taking a co-ordinated approach to future planning on skills requirements, infrastructure and other issues that require collaboration.
This strategy involves optimizing energy demand to reduce energy intensity and consumption, diversifying the country’s electricity mix to include cleaner energy sources, and decarbonizing hard-to-reduce sectors. It relies on three measures: the introduction of reduction technologies; Each measure includes a carefully designed and sequenced set of measures to ensure that Bahrain maximizes the environmental benefits resulting from its implementation while minimizing the overall cost of transition. Includes initiatives. Saudi Arabia sees economic opportunity in the plan. Bahrain’s size, strategic location, favorable regulatory environment and agile government make it uniquely positioned to serve as a regional hub for the development and testing of innovative clean technologies.
His Highness Shaikh Nasser bin Hamad Al Khalifa, His Majesty’s Representative for Humanitarian Work and Youth Affairs, commented on the National Energy Strategy: “Under the wise leadership of His Majesty King Hamad bin Isa Al Khalifa and with the support of Crown Prince and Prime Minister, Crown Prince Salman bin Hamad Al Khalifa, the Kingdom of Bahrain is committed to innovation. We are embarking on a transformational journey towards a more sustainable future, where energy security fostered by It provides a realistic pathway to achieve energy transition goals and help us achieve our national net zero commitments by 2060.”
For more information, please contact the National Communication Center of the Kingdom of Bahrain at communication@ncc.gov.bh.