‘Energy turmoil’ looms unless demand is checked, says Cop28 president

illuminem summarizes for you the essential news of the day. Read the full piece on The Guardian or enjoy below:

🗞️ Driving the news: Sultan Al Jaber, president of last year's Cop28 summit, emphasized the urgent need to balance the energy transition by addressing both supply and demand sides to avoid "energy turmoil."
• He highlighted the necessity for massive investments in zero-carbon alternatives and new grid infrastructure
• Al Jaber also called for transparency about the costs and trade-offs of the energy transition.

🔭 The context: As the chief executive of the Abu Dhabi National Oil Company (Adnoc), Al Jaber is overseeing a significant investment in oil and gas to meet continuing demand, even as he advocates for a transition to cleaner energy sources
• His comments reflect the broader challenge of balancing energy demand with the need to reduce carbon emissions

🌍 Why it matters for the planet: The global demand for energy is expected to rise, making it crucial to reduce this demand to meet carbon reduction targets
• Al Jaber's call for action aligns with the "UAE consensus" from the Dubai summit, which included transitioning away from fossil fuels for the first time

⏭️ What's next: Countries are urged to update their climate plans, known as nationally determined contributions (NDCs), to reflect ambitious goals
• This comes amid warnings from figures like John Kerry that current plans are insufficient to meet these targets, highlighting the global challenge of transitioning away from fossil fuels in an equitable and science-aligned manner

💬 One quote: "We must now turn an unprecedented agreement into unprecedented action and results," Al Jaber said, emphasizing the need for concrete steps to achieve climate goals.

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