It is critical to ensure investment flows to the lowest-cost, lowest-carbon oil and gas resources, UAE Industry Minister Sultan al-Jaber said at the Munich Security Conference, the state news agency WAM reported on Saturday.
For the latest headlines, follow our Google News channel online or via the app.
The world will need to continue using all energy options for a long time, said al-Jaber, who is also the Abu Dhabi National Oil Company (ADNOC) chief executive officer and UAE special envoy for climate.
“We should acknowledge that the energy transition is exactly that: a transition, and transitions take time,” he said.
Read more: India, UAE eye $100 bln in annual trade after signing trade pact
