Why oil-rich Gulf Arab countries turn to renewables
Risk of oil price fall is pushing producers to maximise earnings by exporting more crude instead of burning it
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Dubai
SOLAR power is getting so cheap that even Gulf Arab states awash in crude oil are embracing the renewable resource. Their motive is as much to keep selling fossil fuels as it is to rein in their carbon emissions.
With almost 30 per cent of the world's oil reserves and some of the lowest costs of production, Arab countries in the Persian Gulf will probably rely for years to come on crude exports as a pillar of their prosperity.
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