Last week, the CEO of Saudi Aramco announced that the global clean energy transition is “not going smoothly.” Underinvestment in fossil fuels has led to soaring prices across the globe. To make the energy transition work properly, the world needs to find a balance between renewable and fossil fuel investment, at least in the short to medium term. In the statement that launched a thousand headlines last week, the CEO of Saudi Aramco announced that the global clean energy transition is “not going smoothly.” Amin Nasser said that in order for the transition to avoid some of the turbulence and pitfalls it has been experiencing in recent months, simultaneous investment in both fossil fuels and renewable energies will be necessary. It’s true that already installed renewable energy is not yet even close to reaching the kind of capacity necessary to support the world’s energy needs. What’s more, installing renewable […]