The world needs smarter policies for the carbon transition to succeed, Crescent Petroleum CEO tells Abu Dhabi Sustainability Week panel.

The world needs smarter policies for the carbon transition to succeed, Crescent Petroleum CEO tells Abu Dhabi Sustainability Week panel.

Sharjah, United Arab Emirates (AETOSWire) — The energy supply crunch in Europe, Asia and the US this past year has underscored the need for smarter carbon-transition policy, Majid Jafar, the CEO of Crescent Petroleum, the oldest private oil & gas company in the Middle East, told industry and policy leaders gathered for a virtual panel at Abu Dhabi Sustainability Week. To make lasting progress, carbon transition policy must be tailored to each country’s needs and dynamics while addressing the limitations of renewable energy like intermittency and lack of storage. “Any…