“And it must not be condescending in nature. We need to understand and set priorities and make them serve the tasks of minimising climate change.”
The session at the St. Petersburg International Economic Forum was moderated by Sergey Brilev, President of the Global Energy Association.
The Saudi minister said a separate analysis was needed for the taxation implications of the energy transition. If leading countries want to introduce a carbon text, we need to have a clear understanding of how this money is going to be spent, he said.