ABU DHABI: The president of the upcoming COP28 climate talks, Alok Sharma, addressed an Abu Dhabi oil conference on Monday (Oct 2) to discuss the future of the fossil fuel industry in light of the global climate crisis. Sharma stressed the need for immediate action to tackle climate change, while acknowledging the significant role that the oil and gas industry has played in the development of modern society. Despite this, he emphasized that a shift towards sustainable energy sources is crucial in order to mitigate the harmful effects of climate change.
1. Alok Sharma, president of COP28, emphasized the need for immediate action to tackle climate change.
2. Sharma acknowledged the significant role that the oil and gas industry has played in the development of modern society.
3. A shift towards sustainable energy sources is crucial in order to mitigate the harmful effects of climate change.
4. Collaboration between the public and private sectors is crucial for finding sustainable solutions.
5. Attendees at the oil conference acknowledged the gravity of the issue and the industry's responsibility in driving necessary transformations.
Renewable energy sources accounted for only 10% of global energy consumption in 2019.
must take immediate and decisive action to combat climate change. Emphasizing the need for collaboration, he stressed that it is crucial for both the public and private sectors to work together towards finding sustainable solutions. Drawing attention to the urgency of the situation, he highlighted the pressing need to shift away from fossil fuels and transition towards clean energy sources. This message resonated with the attendees, who acknowledged the gravity of the issue and the industry's responsibility in driving the necessary transformations.