Not dead yet: World can’t quit fossil fuels yet, Egyptian minister says -
In an exclusive interview with The Washington Times, Mr. El Molla acknowledged the transition to renewable power has picked up momentum in recent years, in part because of a concerted effort to bring all stakeholders — including major oil-and-gas companies — to the table.
“You wouldn’t talk with any single oil-and-gas company that would deny the importance of the transition,” he said. “The idea is, they are saying just give us a reasonable time frame so we will be able to transit with you” and develop new energy sources. And the Russia-Ukraine conflict has cast a bright spotlight on the continued importance of fossil fuels and the disruptions that war can bring for producers, pipelines and markets. European nations have been among the loudest in calling for a worldwide transition to clean energy, yet many of those countries remained heavily dependent on Russian oil and gas for decades.
But the world’s No. 1 polluter, China, has made much more modest promises. As part of the Paris deal, Beijing vowed to cap its emissions by 2030. Chinese President Xi Jinping later added that the country would achieve carbon neutrality by 2060 and argues China is still a “developing country” that shouldn’t be held to the same standards and deadlines as the already industrialized West.
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