Saudi Arabia to Benefit from Efficiency Improvements

A GE study revealed that an 8% improvement in energy efficiency would aid Saudi Arabia to save more than $1.3 billion over 10 years.

Added to this, the study also notes that a 10% reduction in oil consumption by 2030 can be reached through other energy efficiency improvements allowing another 255 million barrels of oil to be available for export - this would add another $28 billion annually.

General Manager of GE Saudi Innovation Center, Dr. Mohammad Khorsheed, revealed these findings during the “Partners in Energy Supply Efficiency” strategic forum yesterday.

Using energy efficient and other efficiency technologies, greenhouse gas emissions will also be cut. This is an important aspect according to the study as about 452 million metric tons of CO2 were emitted in 2010, with a per capita emission of 16.5 tons.

Picture of Mecca by Basil D Soufi (Own work) [CC-BY-SA-3.0], via Wikimedia Commons

Wednesday 22nd January 2014

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