Minister of Petroleum and Energy participates in Roundtable on Securing Financing for Energy Transition
Houston
Mr Mohamed Ould Khaled, Minister of Petroleum and Energy, participated in a high-level roundtable on financing the energy transition and ensuring equity in the process, as part of the GasTech conference and exhibition in Houston, United States of America.
The roundtable was organised with the participation of a number of ministers, actors, economists, industrialists and politicians, including John Kerry, White House Presidential Envoy for Climate Change and former US Secretary of State, and international experts from Wood Mackenzie, an energy consulting firm.
Addressing the roundtable participants, the Minister stressed the importance of securing the necessary funding to achieve a fair and equitable energy transition that takes into account the specificities of each country, highlighting the ambitious green hydrogen projects in Mauritania and calling on everyone to contribute to the efforts to mobilise funding and resources to enable these projects to get off the ground.
He also highlighted that Mauritania enjoys the stability and security necessary for the success of large-scale investment in the field of energy, in addition to its great potential and advantages in the field of renewable energies that attract the interest of all parties, enabling it to produce large amounts of clean energy to contribute to securing a safe global path for the energy transition.
He added that there are major logistical challenges that need to be addressed jointly, especially in the field of infrastructure such as roads and ports.
The discussion is part of the dialogue initiated at the Global Energy Transition (GET) conference in July, which provided an opportunity for international stakeholders – governments, multilateral institutions, corporations, banks and investors – to work together to drive a just transition in emerging economies.
The conference focused on policies and strategies that can increase the availability of clean energy, technologies that offer cost-effective solutions to reduce emissions, the role of governments in creating enabling environments for clean energy investment, accelerating the deployment of low-carbon energy globally through knowledge and technology transfer, channelling international capital flows to support investment in low-carbon energy in emerging economies, and managing the social and economic impacts of the energy transition.
H.E. the Minister is participating in this conference with an important delegation from his sector, including advisors, managers and representatives of the Mauritanian Hydrocarbons Company. Mauritania is also organising its own pavilion at the exhibition to showcase its capabilities in the fields of oil, gas and renewable energies.