“This year alone, Asia is likely to contribute roughly 60% of the global economy growth and Asia consumes more than half of global energy supplies. Crucially, 84% of the consumption is still supplied by conventional energy. In short, Asia is vital to the global economy, our shared climate ambition and the hopes and dreams of billions of people.”
The president and CEO of Aramco says Asia’s priorities, like that of the Global South, are being ignored by the developed markets as they push ahead with the energy transition.
This is despite Asia accounting for “almost half” the world’s GDP as well as half the world’s population, says Amin Nasser, head of Saudi Arabia’s state-owned oil giant.
