Oil crisis fuels calls to speed up clean energy transition
- Oil prices have surged due to the U.S. and Israel's conflict with Iran and Tehran closing the Strait of Hormuz, prompting increased calls to end reliance on fossil fuels.
- Minister Murat Kurum stated that the current energy crisis highlights the urgent need to accelerate the transition to clean energy.
- The upcoming COP31 summit in Turkey aims to build on progress made at a prior conference to speed up the global shift away from fossil fuels.
- U.N. climate chief Simon Stiell said the fossil fuel crisis is accelerating renewable energy adoption globally, benefiting countries rich in renewables by protecting them from energy costs.
21 Articles
21 Articles
Oil price shock from West Asia conflict accelerating shift to renewables: UN
Fossil fuel advocates have unwillingly given a boost to renewable energy as the war in the Middle East has triggered an oil price shock, UN climate chief Simon Stiell said Thursday. "The fossil fuel cost crisis now has its foot on the throat of the global economy," Stiell said at a meeting on the energy transition hosted by the International Energy Agency (IEA) in Paris.
Oil crisis fuels calls to speed up clean energy transition
The oil crisis triggered by the Middle East war has underscored the need for the world to accelerate the clean energy transition, the COP31 president-designate and the UN's climate chief said Thursday.
Politicians will now receive more concrete, research-based support in their efforts to implement a transition from coal, oil and gas to renewable energy sources.
In recent weeks, we are witnessing a new ‘oil crisis’ that is much more than an economic or energy crisis; it is geopolitical, technological, and also deeply social. ‘Petroleum: the liquid (and black) future of energy?’, the new episode of ‘De viva voca’ focuses today to analyze what is really happening, what factors condition markets and what is the future of energy from the hand of Enrique Parra, Professor of Fundamentals of Economic Analysis …
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