JPMorgan’s calls for a reality check on energy transition are sensible, UAE energy minister says
Publishing timestamp: 2024-04-29 02:03:02
Summary
UAE's energy minister agrees with JPMorgan's call for a "reality check" on world's energy transition goals. Higher interest rates, inflation, and ongoing conflicts are hindering efforts to move from fossil fuels to renewables. Different countries have varying financial capabilities to undertake energy transition goals. Scotland scrapped its 2030 climate target due to budgetary restrictions. Major oil companies have also trimmed back on climate targets.
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Keywords: united arab emirates, alternative and sustainable energy, energy, environment, business news, jpmorgan drn,