23 Apr '12, 9am

How the Middle-East Revolutions Push Renewable Energy Forward

How the Middle-East Revolutions Push Renewable Energy Forward

Since December last year, a wave of demonstrations has been taking place in many parts of the Middle East. Rulers have been forced from power and regimes have been brought down. The revolutions have also caused drastic changes in the economy, not only in this region, but all over the globe. How does the Arab Spring in the Middle East drive forward the development of renewable energy? Rising Oil Prices Several of the countries that have been involved in the Arab Spring are big oil exporters, but the destruction in the political and economic system has had a massive impact on how much oil these countries can produce and distribute. Take Libya, for example — revenues have dropped by about 84% since war broke out. Syria, Egypt, and Tunisia have also taken big financial hits from the Arab Spring. At the Singapore International Energy Week conference in late 2011, United Arab Em...

Full article: http://cleantechnica.com/2012/04/23/how-the-middle-east-r...

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