Saudi to cut reliance on fossil fuels in half
50 per cent of energy will come from renewable by 2030 - officials
In an attempt to end its reliance on fossil fuels, Saudi Arabia is aiming to cut its use of crude oil and natural gas in half, by investing in renewable resources.
Speaking at a conference in Riyadh, Khalid Al Sulaiman, vice president for renewable energy at King Abdullah City for Atomic and Renewable Energy, said that the Kingdom is seeking to develop a more sustainable mix of energy supply, as power demand is set to triple in the next twenty years.
“Energy not derived from fossil fuels such as oil and gas will make up more than half of the Kingdom’s supply mix by 2030,” Al Sulaiman said.
Saudi Arabia has 20 per cent of the world’s oil reserves, and is following the lead of other countries in the region to add renewable generation to its energy portfolio, in a bid to retain more raw material for export.