Author: WEB ONE PR & BRANDING Agency
Accra–Ghana, West Africa (21st November 2022)—Fossil fuels, such as coal, oil, and gas, are by far the largest contributor to global climate change, accounting for over 75 percent of global greenhouse gas emissions and nearly 90 percent of all carbon dioxide emissions.
Renewable energy sources, which are available in abundance all around us, provided by the sun, wind, water, waste, and heat from the Earth, are replenished by nature and emit little to no greenhouse gases or pollutants into the air.
According to statistics from the UN, to avoid the worst impacts of climate change, fossil emissions need to be reduced by almost half by 2030 and reach net-zero by 2050.
It is within this direction that the Chief Executive Officer (CEO) who also doubles as the Chairman of the Star Finance Group based in the USA, Mr. Chaim Muskat, has added his voice advocating for an end to the world’s over-reliance on fossil fuels.
Mr. Muskat called for more investments to be channeled into alternative sources of energy that are clean, accessible, affordable, sustainable, and reliable.
Chairman Chaim Muskat was speaking in a media interview with AMAGHANAONLINE.COM.
“Western countries are encouraging clean and green energy and are discouraging fossil fuels.
This is a delicate balancing act because the flip side of encouraging green energy is that they are discouraging the production and exploration of natural gas and oil,” he said.
Touching on the current petroleum crisis biting around the world, he had this message to share as the best remedy within the short term.
“If countries would have more relaxed and easier permitting and production regulations that would encourage greater production of oil and gas and that would bring the prices down,” Mr. Chaim Muskat clearly pointed out.
He further explained: “I am not taking sides here and there is merit to both sides of the argument, clean and green renewable energy is important, but to have the greater supply of oil and gas that will bring down the prices is also an important factor.”
About STAR Finance Group
STAR Financial LLC is active in providing Project Financing to the Energy, Infrastructure, and Resource space. We work closely with our contacts in Investment Banking, Sovereign Wealth Funds, Pension Funds, and Private Equity space to provide Project Finance funding for Energy, Infrastructure, and Resource projects.
Its subsidiary STAR Wealth Management LLC provides cutting-edge current tax planning, Trust and Estate Planning, and Estate Tax planning to the HNW, UHNW, and Family Office space.
STAR Wealth Management also provides Planned Charitable Giving Advisory, cutting-edge insurance solutions, private placement life insurance, and offers tax-advantaged investment platforms.