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we start with more from the cop27 summit in egypt. as you ve been hearing, developing countries have urged richer nations to provide financial support to combat the effects of climate change. but many countries face huge challenges in keeping energy supplies flowing, and the energy crisis has moved the focus from renewables and the transition to green energy to energy security at any cost. opec now says the world will hit peak oil demand later than expected because countries are prioritising energy security over net zero emissions. speaking at his first international appearance since taking office, the british prime minister rishi sunak said the energy crisis shouldn t be a barrier to the green transition. climate security goes hand in hand with energy security. putin s abhorrent war in ukraine and rising energy prices across the world are not a reason to go slow on climate change. well, let s discuss these points with atul arya, chief energy strategist at s&p global, w ....
Long term game, it is not going to be a revolution. we think about the energy system more as hardware systems and not software, so the change takes years and decades, not a few minutes, which we are generally used to on our phones and mobile devices. the move to renewables and low carbon and low emission sources is here to stay. we are seeing some bumps in the road and we need to keep in the road and we need to keep in mind that security is paramount and i am reminded of what churchill said a long time ago, winston churchill, that security comes from variety and variety alone which is what europe forgot while relying on russian gas to a large extent. 0k. atul arya from snp global, thank you for your analysis and thoughts on that. and needless to say that in sharm el sheikh there is a packed agenda and we ....