UN climate chief Simon Stiell warns against doubling down on fossil fuels in response to spikes in oil and gas prices caused by the Iran war, emphasizing the economic irrationality of new investments compared to the benefits of renewable energy. The current crisis is seen as a crucial moment to ramp up pressure against fossil fuels and prioritize renewable energy investments. Europe's dependence on fossil fuel imports is highlighted as a vulnerability, but the rollout of new wind and solar power capacity since the Green Deal in 2019 has saved billions of euros. This shift towards renewables is crucial for reducing reliance on fossil fuels and mitigating climate change.
UN climate chief attacks “delusional” fossil fuel investments
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