Daniel Yergin - Vice Chairman, S&P Global

In Riyadh, the FII Conference focuses on energy, highlighting Saudi Arabia's commitment to green energy and sustainability. The Kingdom aims to lead in sustainability, leveraging its cheap electricity and promoting solar energy. They emphasize carbon capture and are actively working on retraining their workforce to support this transition. The Kingdom's strategy includes maintaining its oil production while expanding renewable energy sources. Energy security remains a concern, especially with geopolitical tensions, but the transition to sustainable energy is underway, albeit at a slower pace than desired.