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Transcripts for BBCNEWS World Business Report 20211027 04:46:00

growth and energy crisis, these were some of the topics that dominated day one of the fii summit here in riyadh. the top bosses of goldman sachs, blackrock, blackstone in a panel discussion underlined the fact that the world is going through an energy crisis and it s important to recognise that, because that could lead to higher inflation. and they also didn t rule out that oil could touch $100 a barrel, which could be a bigger crisis, especially at a time when there is an energy shortage. the other thing that has been discussed is climate change and talking about achieving net zero carbon emissions. saudi arabia just announced two days ago that they are aiming to reach there by 2060, but at the same time have been highlighting the fact that it s important to recognise, given the scenario right now where there is an energy crisis that fossil fuels cannot be demonised completely because they are needed and they are not going away anytime soon. it is important to adopt a balanced approac

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