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Circular Carbon Economy Tops 'T20' Discussions

1/20/2020

 

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Circular carbon economy topped the discussions of the closing day of Think 20 (T20) Inception Conference organized by the King Abdullah Petroleum Studies and Research Center (KAPSARC) along with King Faisal Center for Research and Islamic Studies in the Saudi capital, Riyadh.

The two-day Inception Conference convened experts from all over the world to discuss a range of essential issues covering climate and energy, migration and youth, innovation and technology, multilateralism, economic development and finance, food security, and access to water.

On the second day of the conference, participants discussed the concept of a circular carbon economy as a new way to address the energy and climate challenges of a modern global economy. Recognizing the urgency to act on the climate while ensuring access to clean and affordable energy for all, the Kingdom of Saudi Arabia is promoting the ‘Circular Carbon Economy’ model as a sustainable, pragmatic and cost-effective approach for achieving ambitious climate goals.

The second day of the T20 Inception Conference discussed the various facets, stages, challenges and policy pathways to realize a circular carbon economy. Empowering women continues to be a priority for the global development sector. The panelists discussed the possible ways through which gender and generational gaps could be bridged, a crucial requirement for achieving inclusive and sustainable economic growth.

Given the social and economic diversities in various parts of the world, it is likely that countries may pursue specific sustainability objectives. Still, there remain some common areas of interests, including women empowerment, youth, and sustainability objectives. The participants discussed how similar questions could be approached from different perspectives but with a shared common vision. The diverse group of experts attending the T20 Inception Conference illustrated the richness of the engagement groups’ ecosystem.