The UAE's energy transition needs to be guided by science.
That's according to Mohammed Barkindo, Secretary-General of OPEC, who spoke exclusively to Dubai Eye 103.8's Business Breakfast at Gastech 2021.
He was critical of the "hype and distortion of facts" by interest groups that have tainted the reputation of the oil industry and has proved to be a challenge in the energy transition.
In light of climate change, oil and gas have gotten a lot of bad rap.
However, according to Barkindo, fossil-based fuel sources are still a vital part of the energy transition process, and it is not feasible to rule them out.
OPEC is still struggling to restore stability which they lost during the pandemic in 2020, and their focus is never on the prices.
He has reaffirmed OPEC's support to the Intergovernmental Panel on Climate Change (IPCC) that has contributed significantly to the cause and has done extensive scientific research into the issue.
The subject will be one of the critical issues at the UKCOP26 held in Glasgow in November and will take a holistic look into it, considering climate change and energy poverty.
Eight OPEC+ countries meeting on Saturday have agreed to a further accelerated oil output hike for June of 411,000 barrels per day, two sources told Reuters while an online meeting of the countries was under way.
The UAE Minister of Industry and Advanced Technology and Managing Director and Group CEO of the Abu Dhabi National Oil Company (ADNOC), Dr. Sultan bin Ahmed Al Jaber, visited Greece as the two countries enhance their comprehensive partnership.
Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive of Emirates Airline and Group, held talks with President of Global Markets at PayPal, Suzan Kereere, to collaborate within the dynamic digital payments landscape.
The sweeping new US tariffs has had no "negative impact" on DXB, airport's CEO Paul Griffiths said, but added that with the "volatility of the situation, it's far too soon to comment".
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