Clean Energy in Saudi Arabia

Developing Clean Energy in Saudi Arabia
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Institution
Table of Contents
Introduction………………………………………………………..3
Changing Oil Production and Consumption Trends………………..3
Golden Wing-GW, Saudi Arabia……………………………………6
Feasibility Analysis………………………………………………….6
Conclusion………………………………………………………….7
Bibliography…………………………………………………………9
Developing Clean Energy in Saudi Arabia
Introduction
Global warming, environmental pollution, and the exhaustion of the world’s natural resources are some of the most serious challenges of the 21st century. The industrial revolution wave that hit Europe in the 19th and 20th centuries encouraged high energy consumption rates in industries and in the transport sector. For over two centuries, the world’s oil and coal reserves have been under increasing pressure to satisfy increasing energy demand in various areas of the economy, following rapid technological inventions over this period. However, fossil fuels are non-renewable, and will soon run out. To avoid energy shortage in future, there is need to explore and exploit renewable energy sources. This research proposal discusses the potential of Saudi Arabia to develop a reliable renewable energy system and avoid its oil dependence. The realization of this goal will contribute toward environmental conservation, create a stable economy, reduce global warming and promote healthy living.
Changing Oil Production and Consumption Trends
It would be expected that oil producing countries, of which Saudi Arabia is the world’s leading exporter, can withstand any energy crisis. However, oil market analysts warn of potential peak oil crisis in light of global consumption trends against production rates. Thus, the world needs a long tern renewable energy plan to achieve oil independence. Like most major oil producing countries, Saudi Arabia has been experiencing a natural decline in oil production since over the years, and the Saudi government has recognized that its vast reserves of the “black gold” will not last forever, and has taken notice of the infinite potential of alternative energy sources. Other big consumers like India and China are buying surplus supply in the market to increase their strat...