IEA Chief: The energy squeeze in Europe has nothing to do with the continent’s energy transition plans European utilities are stocking up on coal in anticipation of lower renewable energy output volumes during the winter Spain has warned the European Union that its energy transition plans may not survive the test of sky-high electricity prices The energy squeeze in Europe has nothing to do with the continent’s energy transition plans, the head of the International Energy Agency Fatih Birol told the European Parliament’s energy and environment committees. “It is inaccurate and unfair to explain these high energy prices as a result of clean energy transition policies. This is wrong,” Birol said, as quoted by Reuters. Further, he added that EU governments needed to keep their eyes on reducing global warming, even when times are volatile, referring to the sky-high gas prices in Europe. The official did not miss the […]