Saudi Arabia aims to have renewable energy account for 15% of domestic energy consumption in the next five years, its chief climate change negotiator said Thursday.
Saudi Arabia
aims
to have renewable energy account for 15% of domestic energy consumption in the
next five years, its chief climate change negotiator said Thursday.
Mohammad Al-Sabban, also the senior economic advisor to the minister for
petroleum resources, said energy demand at home is growing rapidly and it wants
to increase solar power energy in
Saudi
Arabia
to free up more oil supplies
for export.
"We can do both oil and renewable energy," Al-Sabban told Dow Jones
Newswires on the sidelines of the on-going United Nations-sponsored COP17
climate talks in
Durban
,
South
Africa
.
Country representatives are meeting in
Durban
to
try and reach an agreement over what to do about emission reduction after the
Kyoto Protocol expires at the end of 2012. The talks also aim to finalize and
raise money for a $100 billion Green Climate Fund.
Saudi Arabia
said
it supports the fund but won't pay into it, and is against forming a new
binding emission program outside what already exists.
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