Energy transition means that the only source of energy that will increase over time will have to be the least carbon intensive and renewable energy, according to Dr Sultan Al Jaber, President of COP28; the UAE’s Minister for Industry and Advanced Technology and Special Envoy for Climate; Chairman of Masdar; and CEO of Adnoc, has said in a CNN interview.

 

Speaking to CNN’s Becky Anderson at World Governments Summit in Dubai, he said: “We believe in the transition, we embraced the transition before anyone else. And we invested hundreds of billions of dollars in the transition and we will continue to do so.

 

“The transition will happen in different places and different places. We have to accept the fact that the world today consumes not less than 275 million barrels of oil equivalent. With this transition, we understand that the only source of energy that will increase over time will have to be the least carbon intensive and renewable energy.

 

“And that's why, for the first time, a comprehensive agreement came out of a COP with a very clear target of tripling renewable energy and doubling energy efficiency by 2030,” Dr Al Jaber said.

 

The World Governments Summit, titled 'Shaping Future Governments', brought together governments, international organisations, and private sector leaders to identify innovative solutions for future challenges in Dubai, UAE, from February 12-14.

 

On his role as COP 28 president, Dr Al Jaber said: “The challenge of addressing the global problem drove my motivation. The leadership saw me and my team as capable of tackling it. I did not want to miss out on this opportunity of showing the world what a young nation like the UAE can actually do as a true global citizen in addressing such a global challenge.”