Breaking News
June 12, 2025 - Trent Alexander-Arnold Unveiled as Real Madrid Player: Live Updates June 11, 2025 - Challenges Ahead for Amtrak's Northeast Corridor with 2026 World Cup Hosting June 11, 2025 - Inter Miami's Strategy for Success: Resting Messi for Key Competitions June 11, 2025 - Sporting CP Demands Over €70m for Viktor Gyökeres Amid Man United Interest June 11, 2025 - Concacaf Gold Cup 2025: Team Previews and Key Players to Watch June 11, 2025 - Emma Raducanu and Katie Boulter Eliminated by Top Seeds at Queen's Club 2025 June 11, 2025 - Manchester City Signs Tijjani Reijnders from AC Milan to Enhance Midfield June 11, 2025 - USMNT Struggles Continue with 4-0 Loss to Switzerland Ahead of Gold Cup June 11, 2025 - United States vs. Switzerland: Live Coverage of International Friendly on ESPN June 11, 2025 - Liverpool Close to Signing Florian Wirtz from Bayer Leverkusen
  • HotRecentNews.com
  • World
  • Politics
  • Sports
  • Entertainment
  • Science
  • Technology
  • Health
HotRecentNews.com
Menu
  • World

  • Politics

  • Sports

  • Entertainment

  • Science

  • Technology

  • Health

Home / World / Gas Price Hike Expected in Europe: Prices to Fall, Says IEA Chief

Gas Price Hike Expected in Europe: Prices to Fall, Says IEA Chief

Gas Price Hike Expected in Europe: Prices to Fall, Says IEA Chief
No Comments 12
Facebook X
World January 12, 2025 12:21

amsterdam - IEA Chief Fatih Birol predicts a decrease in energy prices in the coming years due to a surge in solar energy, wind energy, and cheap gas.

IEA Chief Fatih Birol predicts a decrease in energy prices in the coming years due to a surge in solar energy, wind energy, and cheap gas. Birol, an energy economist from Turkey, highlighted the importance of securing energy and prioritizing climate concerns in Europe. He emphasized the need for adequate financial resources to support green technologies and sectors.

According to Birol, the majority of new energy facilities being built globally rely on renewable sources, with a small percentage coming from fossil fuels. The rapid growth in renewable energy capacity, especially driven by China, is reshaping the energy landscape. Europe faces the challenge of maintaining industrial competitiveness amidst high energy costs, but the influx of LNG from the US and Qatar is expected to drive gas prices down, benefiting businesses and households.

Birol also discussed the transition to clean energy, noting that sustainable energy is becoming cheaper and more viable. He stressed the importance of providing a clear vision and support to the public during this transition. Additionally, he commented on the potential resurgence of nuclear energy and its role in ensuring energy security and reducing CO2 emissions.

Despite global challenges, Birol remains optimistic about the rapid progress towards clean energy, driven by investments and technological advancements. He underlined the need for strategic planning and European leadership in areas such as offshore wind, batteries, and hydrogen production. While acknowledging potential hurdles, Birol emphasized the irreversible shift towards sustainable electricity generation.

Birol's insights shed light on the evolving energy landscape and the imperative of balancing economic interests with environmental concerns. The increasing competitiveness of alternatives to fossil fuels signals a transformative period in the energy sector, with renewable energy poised to take center stage.

NEW TikTok Removes #SkinnyTok Worldwide After Pressure from Brussels and Paris

Leave a comment Cancel

reload

Trending Now

  • Today
  • Yesterday
  • Month
  • Comments
  • 1

    Liverpool Pursuing Alexander Isak: Latest Transfer Rumors

    June 12, 2025
  • 2

    Marseille Agrees Transfer Deal for England Midfielder Angel Gomes

    June 12, 2025
  • 3

    Trent Alexander-Arnold to Join Real Madrid: Presentation Set for Thursday

    June 12, 2025
  • 4

    Liverpool Pursuing Newcastle's Isak Amid Transfer Rumors

    June 12, 2025
  • 5

    Trent Alexander-Arnold Unveiled as Real Madrid Player

    June 12, 2025
  • 1

    2026 World Cup Countdown: Messi vs. Ronaldo, New Stars, and U.S. Prospects

    June 11, 2025
  • 2

    Aston Villa Target Man United's Garnacho in Transfer Rumors

    June 11, 2025
  • 3

    Jorge Campos' Iconic '90s Goalkeeper Kits: The Story Behind the Designs

    June 11, 2025
  • 4

    Concacaf Gold Cup Teams: Key Players and Storylines

    June 11, 2025
  • 5

    EA Sports FC 25 Title Update No. 15 Introduces Gameplay Improvements

    June 11, 2025
  • 1

    Former Putin Advisor Accidentally Reveals Russian Military Losses in Ukraine War

    May 22, 2025
  • 2

    Gigantic 'Bird-Like Object' Spotted Near the Sun by Russian Astronomers

    May 26, 2025
  • 3

    Ukraine's Operation Spiderweb Strikes Russian Air Bases, Tensions Rise

    June 2, 2025
  • 4

    Polish Paradox: New President Karol Nawrocki's Eurosceptic Stance Challenges Brussels

    June 2, 2025
  • 5

    Spain Defeats France in Thrilling 9-Goal Match to Advance to Nations League Final

    June 5, 2025
Hot Recent News
The HOTRECENTNEWS.com is not responsible for the content of external sites.

SEARCH

  • World News

Back to Top