Global energy transition 'unworkable, unaffordable': Aramco president calls for a 2.0 plan

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Global energy transition 'unworkable, unaffordable': Aramco president calls for a 2.0 plan - Channel News Asia

Quick Summary:

Speaking to CNA’s Elizabeth Neo at the Singapore International Energy Week (SIEW), Saudi Aramco’s Amin Nasser said current energy alternatives are not yet affordable for many developing nations.

He attributed this to several reasons, the most pressing of which being the overall affordability of renewables, especially for lesser developed countries.“Despite progress in the Global North, the Global South cannot afford massive investments in new energy, especially when many countries are only at the start of their development journey,” he said.

Global energy transition 'unworkable, unaffordable': Aramco president calls for a 2.