RIYADH: The upcoming United Nations Climate Change Conference should discuss plans to fund poor regions to help achieve sustainability goals, according to Christian Bruch, CEO of Siemens Energy.
“It’s not about the promises but it’s about implementing them,” said Bruch while speaking at a virtual conference during the MEA Energy Week.
The conference, known as COP27, is set to be held in Sharm el-Sheikh, Egypt, from Nov. 7 to 18.
Bruch noted that leaders in the region have understood the necessity of stopping the use of hydrocarbons, but their usage should continue for some time to meet the energy demands.
According to Bruch, hydrocarbons should be used in the most sufficient and sustainable way to achieve the emission targets.
He added that the ongoing tensions between Russia and Ukraine have negatively impacted the sustainability journey. The top official made it clear that a long-term plan should be formulated to achieve net-zero goals.