There is a country that has the richest petromonarchy on the entire planet. This country has begun to make a perfect transition to a cleaner future, one that will make it stop depending on oil. Instead, it will focus on a source of energy that Argentina has in abundance.
Saudi Arabia and its Cleaner Future Vision: End of Petromarchy
It’s an energy turn in what has always been the main source of resources in Saudi Arabia, and also for the world economy. Saudi Arabia is known worldwide for its oil, but it’s now betting on a plan to diversify its economy and contribute to a more sustainable future. The initiative, called Vision 2030, has the objective of making 50% of the country’s electricity come directly from clean and renewable sources, such as the sun, by 2030. This strategy not only seeks to guarantee the environmental sustainability of the country but also improve its economic situation and release oil for export.
Solar Energy: The Great Bet of Saudi Arabia
Although Saudi Arabia is well known for having oil, it has something better – it’s located in a perfect area with good solar radiation for most of the year, making it one of the most prone places to take advantage of the sun as a source of energy. Argentina has proven to be a country that has a lot to say about solar energy, especially in the northern provinces. However, Saudi Arabia has begun to take the lead in the investment and implementation of large-scale solar technologies, taking advantage of both the climate and the low costs.
Energy Change in Action is Stomping
Saudi Arabia has launched some of the largest solar projects in the world. While Argentina is also advancing in this regard, the rhythm and investments of Saudi Arabia are much greater. By 2030, the Saudi kingdom plans to install solar plants with the capacity to generate more than 50 gigawatts of energy, a capacity that could supply millions of homes and reduce dependence on energy sources such as oil.
The implications of this change are planetary. Countries that are oil producers, such as Saudi Arabia, are not only focused on extracting natural resources but also on being leaders in clean energy. This could modify the oil market, with the country exporting it while decreasing its internal consumption towards cleaner sources. Saudi Arabia, the richest oil country on the planet, is being a leader in the transition to a cleaner and more sustainable future.
