The United Arab Emirates’ minister of state, Sultan Al-Jaber, said that the world needs to accept that global energy transition will take time.
The minister believes that the world is entering an oil supply crunch, and that 80 percent of energy demand still comes from fossil fuel. He added that the world was ‘underinvesting’ in hydrocarbons.
Al-Jaber is also the chief executive officer of the Abu Dhabi National Oil Company (ADNOC) Group.
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