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
Fri, Oct 27, 2017 - 5:50 AM
Electric lights illuminating shoppers in Avenues shopping mall in Kuwait City. The Ministry of Electricity and Water foresees a tripling of domestic energy demand by 2030.
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...