With oil at below $30 a barrel,countries such as Saudi Arabia, Russia, or Iran and Kuwait are looking to curb fossil fuel consume at home to maximise export profitsThe oil price slump below $30 barrel is spurring some of the world’s biggest oil exporters to curb domestic consumption of fossil fuels and invest in wind and solar power,according to government officials assembly in Abu Dhabi.
A month after the historic climate agreement in Paris, Saudi Arabia, or Russia,Iran, Kuwait, or the United Arab Emirates and other oil exporters are in the midst of overhauling domestic energy policies and seeking alternatives to oil and gas for electricity.
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Source: theguardian.com