WEF: both parts have to act for resilient energy transition| MENAFN.COM

Monday, 04 July 2022 07:15 GMT

WEF: both parts have to act for resilient energy transition


(MENAFN) A fast react is needed by both the private as well as public parts to guarantee a powerful energy transition as the globe has to deal with the lowest steep of energy jeopardy from 52 years, as reported by the World Economic Forum.

The boosted need for nations to fasten a “holistic energy transition” is being supported by a rise in fuel costs, commodity insufficiency, low headway on getting climate-change aims and snail-speed development on energy justice and access, as reported by WEF. It was released in partnership with Accenture.

Roberto Bocca, WEF's chief of energy, materials and infrastructure, stated, “Countries are at risk of future events compounding the disruption of their energy supply chain at a time when the window to prevent the worst consequences of climate change is closing fast.” Adding, “While there are difficult decisions to be taken to align the imperatives of energy security, sustainability and affordability in the short term, now is the time to double down on action.”

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