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FINANCIAL NEWS
GCC commit to implement more renewable energy schemes
23 Dec 2015
(MENAFN) The COP21 climate change deal, inked in Paris, settles that the leaders of 200 nations are now committed to embracing renewable energy as an important tool to limiting the rise of the ambient temperature on earth.
Basically, the vital international deal has the potential to fundamentally change forever the way the world generates and utilizes electricity, especially countries that rely excessively on petrol to meet its energy needs.
There’s no doubt that GCC nations are currently working hard to obtain the tools to deliver a sustainable energy strategy for future generations without compromising on employment creation and economic development.
As an example for GCC commitment, there’s UAE’s ACWA Power which has this year secured contracts on two record beating projects in the UAE with Dubai Water & Electricity Authority (DEWA), one solar and the other clean coal.
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