Energy Transition Focuses on Security, Affordability Amid High Energy Prices: Execs
The recent increase in oil, natural gas and electricity prices in many markets globally has helped rebalance the energy transition conversation to focus on affordability, reliability and decarbonization which can be done with hybridization of power generation and industrial technologies, executives said.
"The debate around energy has rebalanced from being largely about climate change which remains imperative but with the Russian war there is more focus on energy security, reliability and affordability of price," Patrick Pouyanné, CEO of French major oil company TotalEnergies, said during the Reuters Global Energy Transition 2022 conference in New York City.