Renewables not a substitute for oil

(ISTANBUL) Renewable energy sources are no substitute for oil and natural gas, former Italian Prime Minister Lamberto Dini said yesterday at a session on “Energy and Economy, Ecology and Sustainable Development” at the 15th Eurasian Economic Summit in Istanbul.

Fossil fuels comprise some 80 percent of total energysupplies, according to Dini, who is also the current president of the Foreign Affairs Senate Committee.

“Thus, we should not think that renewable resources can substitute for oil and natural gas. This will not happen today or tomorrow,” he said, adding that the energy demands of Western countries had increased despite the economic slowdown.

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