‘Private, public sector tie-up for energy projects essential for dev’
Kuwait needs to adopt concept of green buildings: study
KUWAIT CITY, July 10, (KUNA): A specialized economic study has stressed the importance of encouraging the partnership between the Kuwaiti public and private sectors in the field of energy projects as a necessity to promote the growth of the local economy.
The study, entitled “The Future of Oil with Alternative Energy Patterns for the State of Kuwait” and prepared by the Kuwait Economic Society in cooperation with ‘Marmore Mena Intelligence’, said encouraging this partnership would promote the growth of the traditional and renewable energy sector by attracting more private investment and increasing the efficiency of project implementation.
The study pointed out that Kuwait needs to adopt the concept of green buildings to rationalize energy consumption, which is based on the idea of effective exploitation of resources and wealth without a negative impact on the environment.
It added that the installation of solar panels on the roofs of buildings helps to ensure the amount of energy consumed by the building to become closer to self-sufficiency with the need to link procedures with obtaining building permits to meet one of the components of environmental sustainability.
It pointed to the importance of investment in energy storage projects, which it considered an important element in the transformation towards renewable energy as the missing link in achieving the integration of renewable energy at the level of the electricity network and allowing it to store renewable energy and connect it to the network to become more reliable.
It stressed the importance of investing in the development of infrastructure for the management of electric vehicles in order to encourage reliance on them because these vehicles play a major role in reducing the consumption of fossil fuels.
It explained that encouraging the reliance on electric vehicles allows the government to use energy for other productive purposes, pointing out that the reduction of fuel subsidies will contribute to encouraging His Highness the Amir Sheikh Sabah Al-Ahmad Al-Sabah’s representative, National Assembly Speaker Marzouq Al-Ghanim attended on Monday the inauguration of the Turkish President Recep Tayyip Erdogan. A number of presidents and senior officials have attended the ceremony that was held in the Presidential Complex in the Turkish capital Ankara. (KUNA)