Can higher oil prices affect green energy change?

Energy executives warned at an international conference in Houston on Monday that rising energy prices could lead to a “disproportionate transition” to low carbon-carbon futures.

High fossil fuels “could jeopardize development of renewable energy options” Patrick Poyyan, CEO of Total Energy SE, told the World Petroleum Congress, Bloomberg reports.

He adds: “Some Asian countries may be discouraged by high energy costs as they switch from coal to gas.

According to Bloomberg, Saudi Aramco CEO Amin Nasser said renewable energy supplies were not strong enough to put fossil fuels aside.


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