Tehran, Iran, Oct.16
Trend:
There is a possibility that Iran would shift from fossil fuel emissions to renewable energy in the future, Deputy Director of National Iranian Oil Company Reza Dehgan told Trend.
"In 2050, the market for renewable energy will be bigger, so the question is that we need to utilize our reserves sooner, or invest in other sources of energy," Dehgan said.
"We are likely to see the shift of fossil fuels to renewable energy. In particular, solar and wind energy have become cheaper, even cheaper than natural gas," he said on the sidelines of the 5th Iranian Petroleum and Energy Club Congress and Exhibition.
"The second reason for the shift is that these types of renewable energy are sustainable, they're also more reliable," he added.
"The environmental concerns is another factor," said Dehgan.
"Different countries around the world try to avoid fossil fuel emissions as much as possible, and that's why they are trying to shift to renewable energy," he explained.