Saudi energy minister says only focusing on renewable power is a mistake

The minister said a narrow focus on renewable power sources is a mistake and that a lack of investments have caused energy prices to rise.
1 min read
21 February, 2022
Prince Abdulaziz bin Salman said the world may not be able to produce the energy needed for economic recovery after Covid-19 [Getty]

The Saudi energy minister said on Sunday that focusing only on renewable power sources was a mistake and that the world may not be able to produce all the energy needed for economic recovery from the coronavirus pandemic.

"The pandemic and the recovery underway have taught us the value of caution," said Prince Abdulaziz bin Salman during an energy event in Riyadh.

He added that a lack of investments had caused energy prices to rise, but that Saudi Arabia was continuing to invest in production capacity. 

(Reuters)