Saudi Arabia Reveals Plans to be Powered Entirely by Renewable EnergyAlternative Energy Monday, October 22nd, 2012
(The Guardian) Saudi Arabia, the world’s biggest oil producer, has plans to become 100% powered by renewable and low-carbon forms of energy, according to an influential member of the royal family.
But the process is likely to take decades, and some observers are sceptical as to whether it is any more than window-dressing.
Prince Turki Al Faisal Al Saud, founder of the King Faisal Foundation and one of the state’s top spokesmen, told the Global Economic Symposium in Brazil that he hoped the kingdom might be powered entirely by low-carbon energy within his lifetime – he is 67 – but that he thought it was likely to take longer.
However, he insisted Saudi was moving ahead with investment in renewable energy, nuclear power and other alternatives to fossil fuels and that it could use its vast oil reserves for other goods, such 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.”