Economies in north Africa have suffered a sharp drop in direct foreign investment since last year’s Arab uprisings, and they have been hit hard by the eurozone crisis. What can they do to rekindle investors’ interest?
Friday, 19 October 2012
Saudi Arabia reveals plans to be powered entirely by renewable energy | Environment | guardian.co.uk
Saudi Arabia, the world's biggest oil producer, has plans to become 100% powered by renewable and low-carbon forms of energy, according to an influential member of the royal family.
But the process is likely to take decades, and some observers are sceptical as to whether it is any more than window-dressing.
Prince Turki Al Faisal Al Saud, founder of the King Faisal Foundation and one of the state's top spokesmen, told the Global Economic Symposium in Brazil that he hoped the kingdom might be powered entirely by low-carbon energy within his lifetime – he is 67 – but that he thought it was likely to take longer.
But the process is likely to take decades, and some observers are sceptical as to whether it is any more than window-dressing.
Prince Turki Al Faisal Al Saud, founder of the King Faisal Foundation and one of the state's top spokesmen, told the Global Economic Symposium in Brazil that he hoped the kingdom might be powered entirely by low-carbon energy within his lifetime – he is 67 – but that he thought it was likely to take longer.
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