One leading cause of energy crisis revealed

Transition to renewables should not be forced through artificially abandoning traditional energy sources, Russian Deputy Prime Minister Alexander Novak said, Report informs.

Novak noted that one of the main reasons for the energy crisis, which is observed not only in Europe, but also in Asia, is an unbalanced planning approach, pressure to abandon traditional energy sources.

“It is necessary to plan everything more carefully, to ensure a smooth transition, not a directive one, but from the point of view of a market transition, taking into account the cheapening of new technologies, their gradual development, those new energy sources that will hold a higher level in the balances in the future,” Novak said in an interview with the Rossiya 24 channel.

“But it is impossible to promote them artificially and forcibly today, thereby abandoning traditional sources of energy,” the deputy prime minister noted.

As a consequence of the unbalanced approach, Novak named the situation that has been observed this year. In a number of countries, due to the lack of wind and a small number of sunny days, the balance of supply and demand wasn’t observed. At the same time, long-term contracts for the supply of traditional energy resources weren’t concluded.