The director of the International Energy Agency (IEA), Fatih Birol, has cited as causes the increase in the price of crude oil, various meteorological incidents and stoppages in gas distribution.
The International Energy Agency (IEA) has decoupled the rise in gas, electricity and coal prices from the energy transition. Moreover, it has underlined how Causes the increase in the price of crude oil due to the post-COVID world economic recovery, various meteorological incidents and stoppages in gas distribution.
The director of the International Energy Agency (IEA), Fatih Birol, said this Wednesday at a press conference that those who link the rise in prices to the energy transition to renewables are very wrong: “It is a wrong characterization.”
“There were floods that hampered energy production in some countries (…) In others, such as China or Brazil, they suffered droughts that affected hydropower production that led to more gas imports, for example,” he explained.
As for gas, it has regretted the interruptions in its distribution, which have been 40% higher than in other years.
According to Fatih Birol, it is necessary to reduce the demand for fossil fuels by increasing renewables. In his opinion, investing in them will pay off both economically and for the environment.
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