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Senate Energy Chair: Transition to alternatives vital
Former Minister of Petroleum and Mineral Resources and Chair of the Energy and Environment Committee at the Senate, Engineer Osama Kamel, affirmed that the shifts in the global energy market and rising oil prices necessitate giving utmost importance to transitioning toward a diverse mix of energy sources. He emphasized that relying on a single source poses significant risks to national energy security. Kamel pointed out that Egypt has taken measures to enhance the stability of supplies and move towards utilizing various sources such as solar energy, nuclear energy, and wind energy to reduce dependence on fossil fuels. He explained that strategies for diversifying energy sources help decrease reliance-related risks and promote sustainable production, especially with improved prospects for exploring gas and oil within Egypt, a reduction in funding and investment challenges, and the need to review legislation to bolster investment in the renewable energy sector.
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