VIDEO: Facing the energy trilemma while working toward a successful energy transition
Our executive vice president of Technology and Innovation to GWECCC delegates: No country nor any region must be left behind.
Ahmad O. Al-Khowaiter, executive vice president of Technology and Innovation speaking at the Global Water, Energy, and Climate Change Congress in Bahrain.
Hydrocarbons have provided key sources of economic development, not to mention being currently critical to many aspects of everyday life, from the water we drink to the food we eat, to the air conditioning in this room.
The world needs to develop the capacity of alternatives.
An orderly energy transition starts with accepting that we need to take two parallel tracks forward. We need to continue to leverage existing energy infrastructure by seeking ways to further reduce emissions of conventional energy sources.
We believe the energy trilemma of security, affordability, and sustainability need to be at the heart of any pragmatic energy transition.
And that is why Aramco, for our part, continues to invest in oil and gas to help the world mitigate unexpected shocks, while also seeking to reduce our emissions through technology and best-in-class engineering practices.
For the global energy transition to be truly successful, no country nor any region must be left behind; it must be multi-source, multi-speed, and multi-dimensional.