Thursday, March 07, 2013

Saudi Arabia Makes Plans to Generate Renewable Energy



An article published on UPI.com titled “Saudis rev up plans for renewable energy” explains that Saudi Arabia has ambitious plans to develop renewable energy plans which will produce 54,000 megawatts of electricity but 2032. This is about 19 years in the future but considering the amount of energy they plan to produce from renewable sources, it is understandable. Unfortunately oil (a non-renewable energy source) will still be harvested here, but it will be sold to other countries instead of being used domestically.
                The King Abdallah Atomic and Renewable Energy (KA-Care)  was founded in 2010 in order to develop alternative energy sources to prevent the country from buring millions of barrels of oil a year creating power. The KA-Care published the strategy paper that outlines the initial phases of the kingdoms agenda for its energy future.  The paper provides a blueprint for sustainable energy projects but also lays out proposed targets for greater local participation in the workforce, according to the Middle East Economic Digest. Many think that this push for renewable energy is evidence that Riyadh is thinking about the country’s long term future and is aware that its hydrocarbons resources will not last forever. This plan will save 1.2 million barrels of oil per day by 2032, compared to the 10 million barrels produced per day currently in Saudi Arabia.
                Neighboring United Arab Emirates (which contain eight percent of the world’s proven oil reserves) are also embarking on renewable energy programs; they are focusing on nuclear and solar energy production. Arab states in the gulf (which have on fifth of the world’s oil reserves) are beginning a green revolution in order to transform their economies. MEED reported that “with peak power demand expected to rise by more than sixty percent in the next twenty years, Saudi Arabia is aware that it must swiftly move forward with power projects to avoid shortages…In addition to the environmental concerns of building new capacity by burning fossil fuels there will be major cost implications if the kingdom continues to use gas and oil.” Saudi Arabia has realistically accepted that alternative energy is a better option than non-renewable and laid out a plan to create renewable energy sources. 

Caroline Schenck
SOC202-01 
March 7, 2013 7:35 p.m.

http://www.upi.com/Business_News/Energy-Resources/2013/03/06/Saudis-rev-up-plans-for-renewable-energy/UPI-10491362593301/

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