WHAT IS THE PRIVATE SECTOR SOLUTION TO DECARBONIZATION?

The discussion revolves around decarbonization efforts and the roles of the private and public sectors. Manish from Saudi Electric Company emphasizes the importance of stable policy, bold investment, and deep collaboration for successful energy transition. He highlights Saudi Arabia's progress under Vision 2030 and its investments in technology and infrastructure. Eric Ringwald from VCM underscores the paradox of growth and the necessity of carbon markets to address current emissions. He points out the rapid development of the Saudi Voluntary Carbon Market. Christophe from Climeworks discusses the need for carbon dioxide removal due to the world's overshoot of CO2 levels. He explains how Climeworks offers carbon removal credits and sees a future transition from voluntary to compliance regimes. The panelists agree on the importance of public-private partnerships and the need for sustainable and permanent solutions.