Ukraine war chance for faster green transition but need Saudi Arabia: Albania PM

Ukraine war chance for faster green transition but need Saudi Arabia: Albania PM

The war in Ukraine provides a unique opportunity to initiate a faster green energy transition, but Saudi Arabia is needed for the shift, the Prime Minister of Albania Edi Rama said.

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The official made the comments in reference to the widespread disruption which was caused by sanctions imposed on Russia by Western powers following its invasion of Ukraine on February 24.

“This war has come also with an incredibly interesting… chance to make a faster green transition. Because not anymore by the goodwill but by the necessity, we could move much faster towards changing the whole nature of our energy production. But for this, we need Saudi Arabia,” Rama said during a panel discussion at the European Forum Alpbach in Austria, which began on Sunday and is expected to run until September 2.

He said he mentioning Saudi Arabia because of the “huge potential to create a corporation based on the vision 2030.”

Rama continued, “[Saudi Arabia] is sitting on oil, and they want to become self-sufficient in green energy and also net exporter of green energy. So, there are many issues that come together.”

The price of oil is largely driven