The CEO said alternative energy sources have been unable to displace hydrocarbons at scale, despite the world investing more than $9.5 trillion.
  • BrikoX@lemmy.zipMEnglish
    1·
    8 months ago

    Saudi Arabia has one of the most aggressive targets for renewable energy. And they are actually investing and building the infrastructure instead of just talking about it. Just like with their other plans to diversify the economy, they know fossil fuels are unsustainable and that if they won’t be able to support their social welfare benefits, peaceful existence will end.

    It’s the same case as with Texas in US. They shout that renewable energy is bad to appease their fossil fuel donors, while they have the biggest capacity of renewable energy of the whole US.