It's not the Nobel Peace Prize but it's a peace prize, nonetheless.

Jordan's King Abdullah II has been awarded the Westphalian Peace Prize in Germany for his efforts in mitigating the refugee crisis in the Middle East. German President Joachim Gauck said Abdullah "set standards for humanity," for hosting around 635,000 Syrian refugees.

The annual prize, which was launched in 1998 to commemorate the Peace of Westphalia, a series of treaties in 1648 that ended the Thirty Years' War in Central Europe.

"The Peace [of Westphalia] was not perfect, but the promise was there," said King Abdullah during his speech .

"If we close our eyes to the worst global refugee crisis in human history, and let a 'lost generation', millions of young people, come of age without hope?" he added.

"If we let the future belong, not to law, but to outlaws: mass murder, persecution, the abuse of children, the enslavement of women, videoed executions of those who disagree?"

"No. To such a future, we must say no."

Jordan hosts 2.7 million refugees, the largest refugee population in the world. The kingdom and neighboring Lebanon host over 20 percent of the world's refugees.

Although Lebanon officially hosts 1.5 million registered refugees, many believe the number to be higher (around 2 million) as many Syrian refugees do not register with the United Nations out of fear of backlash.