GCC likely to pump $200bn into renewable energy plans

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The choice of the UAE as the location of the International Renewable Energy Agency (Irena) will provide a strong push to efforts by Gulf and other Arab countries to develop such resources, said officials and analysts.

Although Gulf countries have the biggest conventional hydrocarbon resources, they need to develop other sources to meet a steady growth in domestic consumption and save those resources for future generations.

While they are among the poorest nations in water wealth, the Gulf Co-operation Council (GCC) countries control massive renewable energy potential given their desert nature, which makes them ideal for solar energy generation.