Fossil fuel addiction – the biggest threat to energy transition says Octopus Energy CEO
“We should not forget that without fossil fuels, Putin would not have the leverage or the finances to have attacked Ukraine,” said UK’s Octopus Energy CEO Greg Jackson.
Jackson, speaking in the opening keynote at Enlit Europe in Frankfurt after D-TEK project manager Vadym Utkin, was highlighting the risks our existing energy system has created by encouraging an overreliance on fossil fuels, and in turn, giving regimes power.
What’s the role of fossil fuels in the future? “Maybe there isn’t one,” said Jackon.
“Ukraine would not be suffering today if we weren’t so addicted to fossil fuels,” said Jackon, who stated that the war has been funded by fossil fuel purchases from the Russian regime…
Related Knowledge Center: Climate diplomacy
Talks are well underway in preparation for the next major international meeting on climate change, 28th Conference of the Parties (COP28), scheduled to begin Nov. 30 in the United Arab Emirates.
Much like last year’s COP27, finances — specifically, aid to developing nations — will be at the center of conference deliberations.
The conference faces an even greater sense of urgency brought on by the Sept. 8, 2023, release of the first global stocktake, which calls for accelerated action to meet the goals set in the 2015 Paris Climate Agreement (COP21).
Climate diplomacy: COP 27 | Climate diplomacy: COP 28 | Climate diplomacy: COP 29