Published on October 20th, 2012 | by Nathan14
Saudi Arabia Unveils Plan to be Powered Entirely by Renewable Energy
One of the state’s main spokesmen, Prince Turki Al Faisal Al Saud, said that he was hoping that Saudi Arabia would be powered completely by low-carbon energy within his lifetime. He made the groundbreaking statement during the Global Economic Symposium in Brazil. He did acknowledge, though, that it was likely to take longer, as he is already 67.
Realistically, the process would take at least a few decades, and that’s if the country is serious about it. There have been some observers expressing skepticism about the purpose of the announcement, suggesting it may just be greenwashing.
The Saudi prince expressed that the country was most definitely moving forward with investment renewables, nuclear power, and other undefined alternatives to fossil fuels. Noting that their vast oil reserves would still be in demand for their use as plastics and polymers.
“Oil is more precious for us underground than as a fuel source,” he said. “If we can get to the point where we can replace fossil fuels and use oil to produce other products that are useful, that would be very good for the world. I wish that may be in my lifetime, but I don’t think it will be.”
Joss Garman, political director of Greenpeace, said: “It speaks volumes that a Saudi prince can see the benefits of switching to clean energy sources when [UK chancellor] George Osborne seemingly cannot, but Saudi Arabia will only truly be a green economy when it leaves its fossil fuels in the ground.”
Currently, Saudi Arabia’s energy is provided nearly completely by burning fossil fuels, nearly two-thirds from oil and the rest from natural gas. It produces around 12 million barrels of oil every day. That’s more than 12% of the entire world’s production, and the country has at least 1/5 of the world’s proven oil reserves, according to the US government’s Energy Information Administration. And because of how artificially-low oil prices are kept within the kingdom, the per capita energy use there is quite high.
As noted by Prince Turki, though, the kingdom has an equally vast potential for solar power. “The cost of solar energy is now 15% of what it was 20 years ago,” he noted.