Why Are the World’s Largest Oil Producers Leading the Transition to Clean Energy?

The decarbonization of America’s energy system requires significant near-term investment that will likely only benefit future generations. However, some nations are investing in renewables to ensure a secure energy supply. Paradoxically, nations like Saudi Arabia and the United Arab Emirates are now preparing to invest or already investing heavily in renewables for energy security and human capital development. Why would some of the world’s most resource-rich nations invest in renewables?