The Chinese economy is undergoing major reforms in the aftermath of the 2008 financial crisis. These reforms aim to help the Chinese economy maintain its previous growth trends. Yet in a low oil price environment, some challenges arise with regards to China’s energy security.
Energy
The hot climate of Bahrain, together with the rising rate of population growth, rapidly rising incomes and the dependence on the hydrocarbon sector, have caused energy consumption to rise sharply over the past couple of decades. According to the Bahrain Central Informatics Organization…
Bahrain currently produces all of it electricity from fossil fuel sources: around 85% of electricity is produced from natural gas, and 15% is produced from oil, with five power stations being used (Figure 1).
One the most important developments in the field of energy in the current decade is the sharp and sustained improvement in the economic feasibility of the technologies used in renewable energy generation.
Our region is considered one of the best in terms of solar irradiation and its annual frequency, which renders the GCC countries capable of producing large amounts of solar energy, as well as being a leader in the area.