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Clean energy offers massive potential for GCC to maintain global energy leadership and reap substantial fossil fuel savings: report

  • Renewable energy (RE) plans for region’s electricity sectors could result in overall savings of USD 55 to 87 billion 
  • Fossil fuel savings in power and water sectors could peak at around 400 million barrels of oil equivalent by 2030 
  • Savings for Saudi Arabia, the region’s largest consumer of fossil fuels for power production, at 170 million