What is the reason for the gulf countries to turn to renewable energy?
Traditional energy countries in the gulf cooperation council (GCC) are embracing renewable energy at an unprecedented rate as global leaders see it as a way to address the climate change crisis, according to the international renewable energy agency (IRENA).For the gulf states, renewable energy enhances energy security, supports economic diversification, and offers countries with abundant renewable energy resources the opportunity to fully tap their economic potential and become energy leaders for a second time. So what is driving the gulf's rapid embrace ofrenewable energy?There are five reasons for the following analysis 1. Renewable energy is the most practical and accessible climate solution.According to IRENA's analysis, the accelerated deployment of renewable energy in gulf countries could reduce carbon dioxide emissions by 136 million tons. 2. Renewable energy is the most competitive way to generate electricity in the region.The business case is a central mo...