The Kingdom of Saudi Arabia, the world’s largest oil producer has plans in the pipeline to end using fossil fuel energy.
The Kingdom wants to make a 100 per cent switch to clean energy, according to a member of the royal family, reports the Guardian.
Prince Turki Al Faisal Al Saud, founder of the King Faisal Foundation and one of the state’s top spokesmen, told the Global Economic Symposium in Brazil that he hoped the kingdom might be powered entirely by low-carbon energy within his lifetime – he is 67 – but that he thought it was likely to take longer.
The Prince said the Kingdom is interested in investment in renewable energy, nuclear power and other alternatives to fossil fuels and that it could use its vast oil reserves for other goods, such as plastics and polymers.
“Oil is more precious for us underground than as a fuel source,” he said. “If we can get to the point where we can replace fossil fuels and use oil to produce other products that are useful, that would be very good for the world. I wish that may be in my lifetime, but I don’t think it will be.”
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