Analysis
Multiple reputable studies warn that an abrupt, poorly planned phase‑out of oil, gas, and coal could destabilize economies reliant on fossil‑fuel revenues and push vulnerable populations into energy poverty. However, the same sources also stress that a well‑designed, gradual transition with supportive policies can mitigate these risks. Therefore, the statement is accurate about the potential danger but overstates its inevitability without qualifying the need for careful planning.
Background
The global energy transition aims to reduce carbon emissions, but many developing nations and oil‑dependent regions lack alternative energy infrastructure and fiscal buffers. Energy poverty—lack of access to affordable, reliable energy—affects over 700 million people worldwide, and sudden price spikes or supply cuts could exacerbate the problem. Policymakers stress an "orderly" transition to avoid such socioeconomic shocks.
Verdict summary
The claim that a hasty abandonment of hydrocarbons can threaten economic stability and increase energy poverty is supported by expert analyses, though the extent of the risk depends on how the transition is managed.