Fifty-five million dollars was allocated for the Renewable Energy and Energy Efficiency Organization (Satba) in this Persian calendar year (March 2020-2021) and will be doubled next year to $102 million, a deputy energy minister said.
The increase in funding is to help boost renewable energy and curb use of fossil fuels, Mohammad Satkin, who also is the managing director of Satba, said.
“Environmental pollutants due to fossil fuel use for electricity production are indeed warning us that if we do not rewrite renewable energy development plans soon we will face bigger challenges,” Mehr News Agency quoted him as saying.
Generating electricity from renewable sources including solar and wind is much more eco-friendly than consuming fossil fuels.
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