Agence France-Presse Sep 12, 2019 13:31:36 IST
In the vast-air-conditioned Halls of Abu Dhabi conference center, the world's much-vaunted transition to clean energy is the buzzword in
But many executives and officials from oil-dependent Gulf states are still in the process of being left alone climate change.
The World Energy Congress with many officials calling for accelerating the process of moving to clean power sources and minimizing carbon emissions.
Speakers addressed issues like the role of nuclear, hydrogen gas and other non-conventional sources of energy as a substitute for fossil fuels.
However, these are arguably the reasons for the transition to clean energy sources.
Abu Dhabi Oil Co. Sultan al-Jaber said: "About $ 11 trillion of investment in oil and gas is […] more than 400 CEOs.
Energy from renewable resources has quadrupled globally in just a decade, 10 percent, a UN Report said last week.
"All energy transitions – including this one – take decades, with many challenges along the ro "The long-term nature.", Nasser said
Addicted to oil
Oil is still the lifeline for the Gulf states, contributing at least 70 percent of national revenue across the region which has been
Dubai has launched the world's largest solar energy project.
Gulf has had tens of thousands of clean energy projects, mainly in solar and nuclear.
But critics say the addiction to oil is a tough one to kick, especially when sup plies remain abundant and the massive investment in infrastructure necessary to switch to renewables is daunting.
"A global shift from dirty fossil fuel to renewable energy is economically, technically and technologically feasible … All that is missing is political will!" said Julien Jreissati from Greenpeace in the Middle East.
He said while the United Arab Emirates has put plans into action, "Saudi Arabia has always made big announcements regarding their renewable energy ambitions on paper.
"There is no doubt that the world wants leave oil behind.
The current issue is about to become a reality. "
The Abu Dhabi conference called calls for accelerated innovation and "disruptive" technology to speed up the transition to the world for global energy demand between 2020 and 2025, according to the World Energy Council.
Wednesday the Council said
Estonian President Kersti Kaljulaid argues that sustainable and environmentally friendly energy practices must be aligned with
"It makes more economic sense to apply all gre CO2-free energy users 5 or 10 or 20 years quicker, "she told the conference.
" I prefer that market forces, pushed by smart policymaking and legal space-
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