Saudi energy minister says focusing only on renewables a mistake

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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.

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“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.

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