Rosneft CEO criticizes green transition as an ’illusion’ that withdraws investments

The International Energy Agency has reported that investments in the green energy sector are expected to rise to $2 trillion this year. Meanwhile, Russian oil major Rosneft has warned against an overzealous approach to green energy. According to Rosneft’s CEO, a hasty transition could exacerbate current fuel deficits. The Global South also expresses skepticism, citing concerns that renewable energy sources are more expensive and less efficient than traditional fuels. We explored this issue with a panel of experts.