"It is not a conflict of interest. It is our common interest to have an energy industry working together on the solutions the world needs“, he said at the India Energy Week conference in Bangalore.
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“A energy transition It will require every segment of society to work together in an inclusive effort, and that means, of course, including the efforts of the energy industry,” he added.
al jaber further said that the energy transition could bring “the biggest leap in economic prosperity since the first Industrial Revolution”, insisting that “the world still needs hydrocarbons and will need them as a bridge between the current energy system and the new one”.
“We cannot disconnect the current energy system before having built the new one. Therefore, we have to minimize its carbon footprint (and) only invest in the least carbon-intensive barrels,” he argued.
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al jaber promeYou use your experience and connections to “bring the entire energy industry together to speed things up.”
Climate activists criticized the decision to organize the COP28 in the United Arab Emirates, a major oil producer, as well as the choice of al jaber as president of the summit.
The Gulf monarchy, which will host the meeting in Dubai in November and December, claims that oil is still indispensable to the global economy.
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Organized last November in Egypt, the COP27 was concluded with a criticized text that included aid for low-income countries affected by climate change, but without adopting new targets for reducing greenhouse gas emissions.
“We have to eliminate energy poverty, while keeping 1,5°C alive,” he said al jaber, referring to the goal of maintaining the global warming below 1,5°C compared to pre-industrial levels. “And we have to move from talking about goals to doing the work,” she added.
(To AFP)
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