JPMorgan’s calls for a “reality check” on the world’s energy transition goals and pathway is a “sensible,” the UAE’s energy minister told CNBC.
“We need always, whenever we put up predictions, especially long term ones, to have a reality check,” Suhail Al Mazrouei told CNBC’s Dan Murphy in Riyadh, Saudi Arabia on the sidelines of the World Economic Forum.
In a recent note to client, JPMorgan warned that the world needed a “reality check” on its efforts to move from fossil fuels to renewables, pointing out that it could take “generations” to reach net-zero targets.
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