ABU DHABI: Scaling up renewable energy in GCC states would reap multiple benefits, according to a report released today by the International Renewable Energy Agency (Irena).

‘Renewable Energy Market Analysis: The GCC Region’ finds that GCC countries could save 11 trillion litres of water withdrawal (a 16 per cent decrease when compared to current levels), save 400 million barrels of oil in the power sector (a 25 per cent decrease), create more than 200,000 direct jobs and reduce the per capita carbon footprint by 8 per cent in 2030, if their plans and targets are achieved.

“The GCC region has long been a global leader in energy production and can further strengthen this role through the development of its vast renewable energy resources,” said Irena Director-General, Adnan Z. Ameen. “In doing so, the region can reduce carbon dioxide emissions and save precious water resources, all the while meeting its fast-growing energy needs sustainably.”

The report provides

in-depth insights into the policy, project development and finance driving the GCC’s transition towards a more sustainable energy system.

Increasing renewables to meet national plans and targets will cut fuel use in the power and water sectors by 50 per cent in the UAE, 23 per cent in Saudi Arabia and 21 per cent in Kuwait.

It would also reduce the region’s per capita carbon footprint by 8 per cent.

What these achievable renewable targets will do, in a water-scarce region, is decrease water withdrawals in the energy sector by 16 per cent, since renewables, in particular solar photovoltaics, can be less water intensive than fossil fuel technologies.

Desalination now accounts for a substantial share of total energy consumption in most GCC countries. Switching to solar desalination could offer a reliable, cost-effective and environmentally-sustainable way to address the rising demand for water in the long-term, the report found.

Beyond energy, water, and emission savings, achieving set renewable targets in the region would create nearly 210,000 direct jobs in the power sector by 2030.

Research indicates that the renewable-energy sector creates more jobs than the conventional energy sector on the basis of units of energy produced and dollars invested. Most jobs created will be in solar photovoltaics, with the UAE and Saudi Arabia representing the largest employers.

“The economic and social rationale for the energy transition in the GCC region has never been stronger,” said Ameen. “By maintaining their leadership in the energy sector and embracing their region’s abundance of renewable energy resources, GCC countries can ensure their own long-term economic and social prosperity through a clean energy future.”

2030

UAE and Saudi Arabia

Would create the most jobs in solar PV by renewables increase

GCC: Scaling up renewables could by 2030 save

11 trillion litres of water withdrawal (16% decrease), 400 million barrels of oil (25% decrease) and

create more than 200,000 direct jobs. It will

reduce the per capita carbon footprint by 8 per cent