Session I:
An in-depth discussion on carbon pricing in the the first AEON & EUI workshop shed light on the opportunities and limitations of carbon pricing as a policy tool, particularly in the context of Saudi Arabia. The discussion and consensus of experts underscored the need to view carbon pricing within the broader framework of low-carbon technology and policy solutions for reducing and capturing carbon emissions.
Session II:
This session explored other enablers of Saudi Arabia’s low-carbon transition such as internationally recognized standards; robust monitoring, reporting and verification (MRV); sustainable finance; relevant key technologies and value chains for potential circular carbon pathways, particularly carbon capture and utilization (CCU) and carbon capture and storage (CCS). The need for public and private sector collaboration to co-create sustainable solutions to this end was also articulated.