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Iraq shall not replace fossil oil with more renewable resources, expert opines DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Iraq shall not replace fossil oil with more renewable resources, expert opines

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Iraq shall not replace fossil oil with more renewable resources, expert opines Empty Iraq shall not replace fossil oil with more renewable resources, expert opines

Post by RamblerNash Mon Jul 26, 2021 9:13 pm

Iraq shall not replace fossil oil with more renewable resources, expert opines 1627295543595
2021-07-26 04:11

Shafaq News/ Iraq shall not replace fossil oil with solar energy to produce electricity, Energy and Oil expert Hamza al-Jawaheri said on Monday.

In an interview with Shafaq News Agency, al-Jawaheri said, "solar energy is efficacious in remote areas or agricultural fields that are not located anywhere near rivers in order to draw water from wells."

"However, in urban areas, they are useless and four times more expensive than fossil oil," he added.

"Iraq is an oil-producing country. It supplies 12% of the world's needs. It is not in its best interest to adopt renewable energy resources," he continued, "Iraq's economy is rentier that relies on oil to fund its treasury. Promoting alternative energy is not the optimal choice to address the power issue in Iraq."

Renewable energy is useful energy that is collected from renewable resources, which are naturally replenished on a human timescale, including carbon neutral sources like sunlight, wind, rain, tides, waves, and geothermal heat. This type of energy source stands in contrast to fossil fuels, which are being used far more quickly than they are being replenished and with more serious damage to the ecosystem.

Renewable energy capacity additions in 2020 expanded by more than 45% from 2019, including a 90% rise in global wind capacity and a 23% expansion of new solar photovoltaic installations.

https://shafaq.com/en/Economy/Iraq-shall-not-replace-fossil-oil-with-more-renewable-resources-expert-opines
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