100 billion dollars Gulf countries investments in renewable energy

<p style=";text-align:left;direction:ltr"><span style="line-height: 1.6em;">ArabiaWeather.com - The <strong>GCC</strong> countries allocate about $100 billion annually; To be invested in <a href="http://www.arabiaweather.com/content/حجم-الاستثمار-بالطاقة-المتجددة-في-العالم-سيصل-إلى-7-ترليون-دولار"><strong>renewable energy</strong></a> projects in the Gulf region over the next 20 years.</span></p><p style=";text-align:left;direction:ltr"></p><p style=";text-align:left;direction:ltr"> <span style="line-height: 1.6em;">The Electricity Interconnection Authority in the Council confirmed that the Authority is studying the expansion of electrical trade exchange with European countries, and at the level of other regions in addition to the Gulf interconnection.</span></p><p style=";text-align:left;direction:ltr"></p><p style=";text-align:left;direction:ltr"> <span style="line-height: 1.6em;">The study will include the possibility of importing clean energy at a lower cost from African countries that produce hydropower, as well as studying the possibility of exporting energy to European countries and other regions, according to the CEO of the authority, Ahmed bin Ali Al-Ibrahim.</span></p><p style=";text-align:left;direction:ltr"></p><p style=";text-align:left;direction:ltr"> <span style="line-height: 1.6em;"><strong>Solar energy</strong> is one of the energy sources that need investments in the Gulf countries, whether in the private or public sectors. In addition, investment <strong>in renewable energy</strong> worldwide amounted to about $330 billion in 2015.</span></p><p style=";text-align:left;direction:ltr"></p><p style=";text-align:left;direction:ltr"> <span style="line-height: 1.6em;">The Authority works to link the <a href="http://www.arabiaweather.com/content/مقاطعة-نمساوية-تولد-الكهرباء-فيها-بالكامل-من-الطاقة-المتجددة"><strong>electric power</strong></a> networks between the GCC countries by providing the necessary investments for the exchange of electric power. To cope with the inability to obstetric in emergency cases.</span></p><p style=";text-align:left;direction:ltr"></p><p style=";text-align:left;direction:ltr"> <span style="line-height: 1.6em;">It also works to reduce the generation reserve in electrical systems, improve the economic reliability of electric power systems in the member states, and provide the basis for the exchange <strong>of electric energy</strong> between those countries in a way that serves the Gulf economy, according to the Emirati &quot;Al-Iqtisadi&quot; website.</span></p><p style=";text-align:left;direction:ltr"></p><p style=";text-align:left;direction:ltr"> <span style="line-height: 1.6em;">It is noteworthy that the Gulf countries have the opportunity to secure their needs of advanced technologies in the field of <strong>renewable energy</strong> after its lower cost compared to the cost of oil and gas production, according to the Executive Secretary of the United Nations Framework Convention on Climate Change, Christiana Figueres.</span></p><p style=";text-align:left;direction:ltr"></p><p style=";text-align:left;direction:ltr"> <span style="line-height: 1.6em;">About $500 billion will be spent annually in the coming years in the global <a href="http://www.arabiaweather.com/content/أسباب-ستدفعك-لاستخدام-الطاقة-الشمسية"><strong>renewable energy</strong></a> sector, to rise to $1 trillion from 2020 to 2030.</span></p><p style=";text-align:left;direction:ltr"></p>