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24 September
September 2006
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Web coverage:
Tuesday, 19 September - Wednesday, 20 September - Thursday, 21 September
Highlights from Wednesday, 20 September
   

The second day of the First International Conference on the CDM in Saudi Arabia involved a continuation of the theme “The Kyoto Protocol and Saudi Arabia: (From) Observation (to) Acceptance (and) Fast Implementation.” In the morning, sessions were held on CDM frameworks, and on public/private partnerships, CDM project design and CDM projects under way in Saudi Arabia. In the afternoon, there was a panel on commercializing natural gas and the CDM, legal aspects, waste heat recovery and CDM projects in Egypt, and another panel on CDM opportunities in the Saudi Arabian energy sector, the Kuznets Curve and the environment, carbon capture and storage and carbon sinks. Chair Al Sabban concluded the sessions by providing a summary of the conference and some recommendations for the way ahead. In the evening, conference participants enjoyed a social function at an oasis on the outskirts of Riyadh.

   
Session 4: CDM Frameworks
   
   
Khalid Ahmad Zainal, Chairman, Zainal Group, Session Chair, suggested that cheap energy allowed industrial development in the US after the Second World War and that a higher price of oil in the 1950s allowed a similar development in the Gulf region.
 
 
   

Georg Borsting, Ministry of Environment of Norway, discussed issues relating to the institutional framework of the CDM, the roles of various CDM actors and the challenges they face. Majed Al-Mansuri, Department of Environment, State Environment Association of the United Arab Emirates, outlined the DNA's perspective of his country.

 
 

Lasse Ringius, World Bank, discussed the role of the World Bank in the carbon market, its objectives and the carbon funds operated by the Bank.

   
   

Georg Borsting (left); Elinar Telnes, Det Norske Veritas (DNV) (right), presented on DNV's experience as a DOE.

 
 
Session 5: Public-Private Partnerships, CDM Project Design, CDM Projects Under Way in Saudi Arabia
   
   
 

Seiichiro Nishida, Mitsubishi UFJ Securities, noted the great potential for CDM projects in the Middle East and the short supply of CERs as compared with their high demand. Session Chair, Adnan Shihab-Eldin, Former Acting Secretary General of OPEC, expressed pleasure that OPEC countries are taking the CDM seriously, particularly Saudi Arabia. Faisal Al Lamki, Petroluem Development Oman (PDO), explained that PDO seeks to be environmentally responsible in its operations, providing the example of its flaring method, which is now recognized under the relevant standard of the International Organization for Standardisation.

   

Rachad Itani, Xenel-Balderrie Project Finance & Advisory (left), discussed his experience with CDM-enhanced projects in Saudi Arabia and the Middle East. Abdul Aziz, MGM International (right), presented on how to identify, design and develop a successful CDM project and projects in MGM's carbon portfolio.

   
 
 
Session 6: Natural Gas and CDM, Legal Aspects, Waste Heat Recovery, CDM Projects in Egypt

 

 
 

Session Chair Nadhmi Al-Nasr, Saudi Aramco, highlighted that the outcomes of the Conference should be shared with industry chambers of commerce. El-Sayed Mansour, Egyptian DNA, presented on Egyptian experiences in the CDM, in particular, in relation to project approval and implementation, and DNA regulations

 
 
Ahmed Saleh Asser, Saudi Aramco, presented on greenhouse gas emission reductions through systematic waste heat recovery processes and elaborated on features of Saudi Aramco's energy management program. Andrew Mingst, Chevron Corporation (right), presented an overview of Chevron's greenhouse gas management program and underscored the need for finding reliable and affordable energy sources while reducing greenhouse gas emissions.
   
   

Paul Soffe, Eco Securities, provided an overview of their work including their activities in acquiring credits and commercializing the CDM and said that given the right business signals, the private sector can engage in providing new technologies and applications.

 
Session7: CDM Opportunities in Saudi Arabian Energy Sector, Kuznets Curve and teh Environment, Carbon Capture and Storage, Carbon Sinks
   
   
   

Mansur Masih, King Fahd University of Petroleum and Minerals (left), made a presentation entitled, “Does the ‘Environmental Kuznets Curve' Exist? An application of long-run structural modeling to Saudi Arabia.” Session Chair Saleh Bakhraiba, Advisor to the Governor, Electrical Services Control Organization (center)

 
 
Mahmut Sengul, Production Enhancement Manager, Schlumberger (left) , presented on dual benefits to industry from CCS. Yahya El Dool, Ministry of Agriculture of Saudi Arabia (right) , discussed the role of forests in carbon sequestration.
   
 

Abdulwahab Al Sadoun, Saudi Arabian General Investment Authority (SAGIA), noted that economic reforms and improved macro-economic management is enhancing the attractiveness of the investment environment in Saudi Arabia's energy sector.

   
Concluding Remarks
 
In his concluding remarks, Conference Chair Mohammad Al-Sabban said the conference was a milestone for the CDM in Saudi Arabia. He suggested that the CDM means the emergence of a new industry of its own, one based on consulting experts, environmental engineers and accountants able to integrate Kyoto aspects in their general ability to evaluate profit and loss, tax strategies, etc.
 
Miscellaneous Photos
   
   

 

Web coverage:
Tuesday, 19 September - Wednesday, 20 September - Thursday, 21 September
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