The Future of the Oil Industry in Light of the Global Trend Towards Alternative And Renewable Energy "A Case Study of the Chinese Experience"

Abstract

This study aims to highlight the importance of the future of the traditional oil and energy industry, especially in light of the environmental and economic challenges and constraints it faces, and many countries of the world and China are seeking to move and expand the use of renewable and clean energy sources in order to preserve the environment and adapt to the repercussions of climate change.

The study was based on the Chinese experience in the volume of huge investments in solar and wind energy projects that exceed the investments of the countries of the world combined, in order to diversify energy sources that ensure sustainability in economic development and environmental friendliness.  This puts it in a position to lead the energy transformation of the world.