Saudi Aramco has called for a new energy transition strategy that addresses the needs of Asia and the Global South, amid concerns over the current plan’s uneven progress.

Speaking at the Singapore International Energy Week, Aramco President and CEO Amin H. Nasser emphasized the need for a “Transition Plan 2.0,” placing Asia at the forefront of global energy efforts.

“This may be Asia’s century. But Asia’s voice and priorities, like those of the broader Global South, are hard to see in current transition planning, and the whole world is feeling the consequences,” said Nasser.

He stressed that the current transition is “far slower, far less equitable, and far more complicated than many expected,” urging a more pragmatic approach to emissions reduction.