Environmental Networking Platform for Children and Youth by SAMSUNG E&A
Stay connected with Eco-generation :
| Share 
| 
- Home >
- Our Actions >
- World report
5
Comments
MENA Moves Towards Achieving Its Renewable Energy Agenda |
|---|
|
It is a fact that the Middle East and North Africa (MENA) – a region that is home to half of the world?s proven oil and gas reserves – is right at the heart of a global shift to renewable energy today. The need for energy security amid rising populations and growing economies, as well as a desire to ensure long term economic prosperity through resource exports, creates a solid case for the region?s commitment to renewables.
To achieve its stated commitments, The MENA will need to invest more than US$50 billion into technology, deployment, research and training by the end of the decade. And the work has already begun. In the Kingdom of Saudi Arabia (KSA) for example, the King Abdullah City for Atomic and Renewable Energy (K.A.CARE) recently announced its plans to build solar power plants in five regions across the KSA by the end of 2015. This is just the beginning for a nation that has earmarked US$109 billion to the development of 54GW of renewable energy by 2032. Like much of the region, its needs are clear. The world?s largest oil exporter risks becoming a net energy importer within 20 years without rapid diversification of its domestic energy supply. Securing growth and prosperity across the region through the widespread adoption of renewables is one of the most significant commercial opportunities of this generation. In uniting leaders, policy makers, technologists, academics and investors, we move closer to the realisation of an unprecedented economic opportunity. Image Credits-Google Images |
|
|
|
|
|
Previous : Warming of Indian Ocean may we...
5 Comments
Indeed, Humaid, it has become a necessity to advocate a shift to renewable energy even for large oil exporting regions like MENA. It is a now-or-never situation.Thanks for your commendable words.
Posted 19-10-2014 19:57
Great to know the Largest oil producers are shifting to Renewable forms of energy.
It has now become a necessity that everyone shifts to more sustainable forms of energy such as Solar Energy.
Thanks for the info Manav :D
Posted 18-10-2014 02:10
Yes, it is great news indeed.
Thanks for your valuable comments Christy and Rohan.
Posted 13-10-2014 23:01
Good news! Considering the fact that major oil exporters are considering promoting renewable energy sources is great.
The future belongs to Solar energy for sure.
The need is to develop more & more cheaper, effective & long lasting sources of energy.
Posted 13-10-2014 21:14
What a great news! Then, we can enjoy further developed technologies and infrastructure for renewable energy by the end of the decade. 50 billion is that big number! Great step forward for more sustainable MENA region :) Thank you for the informative report, Manav!
Posted 09-10-2014 00:18