The UAE oil potentials amounted to 8.5 per cent of global oil wealth, ranking fifth at the international level while its natural gas deposits which approximately account for 3.3 per cent of the world’s total proven gas resources have pushed the UAE government to think of renewable energy to benefit from the rise in prices of hydrocarbon resources, said Sultan Al Jaber, CEO of Masdar at his lecture entitled: “The UAE and sustainable energy leadership” which was held at the Crown Prince’s Court on Monday.
Al Jaber said that this has prompted the UAE government to think of renewable energy to produce electricity to meet the rise in demand.
“In 2011, demand on electricity was 25 gigawatt while it is be more than doubled in 2030 to 54 gigawatt. On the other hand, demand on water has recorded 3 billion gallons per day in 2011 while it is expected to be more than 6.8 gallons per day by 2030,” added Al Jaber.
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