Should National Environmental Policy focus on developing more oil resources or developing renewable energy sources?

United Arab Emirates (UAE) is a nation which is gifted with abundant reserves of oil and natural gas, thus occupying seventh position in the world. Because of its vast reserves, the oil sector plays a pivotal role in running the economic system of nation. Though the country has been making steady progress in other industries such as real estate, tourism, aviation etc. the oil industry holds the key role in its sustenance and development. However, at the same time the world is threatened by the rapidly depleting natural resources like coal and petroleum. While on the other hand their demand is on a sharp rise, due to the constantly growing population and their needs. The capital city of UAE, Abu Dhabi too is witnessing a steeply rising population level due to several factors like immigration of expatriates. With the growth in population, the pressure on the available resources is increasing exponentially.