Princess Noura Turki Al-Saud, wife of King Abdullah of Saudi Arabia, wants the private sector to step up its game when it comes to combating climate change, the Arab News reports.
"That in itself created the conversation that is wider than what's just happening within the negotiation rooms, which is a process in itself which takes, I would say more than decades," she said Tuesday at the 44th International Association for Energy Economics International Conference in Riyadh, Saudi Arabia.
But the princess, who is also a member of the advisory board of the World Wildlife Fund, says private companies need to step up their involvement in renewable and sustainable energy projects.
"That would really come with private sector involvement, and for the private sector to really be involved and putting that capital that is necessary to drive innovation and to scale up these technologies and to find the necessary solutions, you really need to have strong governance and transparency," she said.
The conference, which is being hosted by the King Abdullah Petroleum Studies and Research Center and the Saudi Association for Energy Economics, is being held in the Middle East and North African region for the first time.
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Social enterprise leaders throughout Europe are urging local authorities to use their powers to help the third sector grow. During a two-day European Commission event in Strasbourg, councils in member states are called upon to use a variety of methods to support the sector.