Putin Blames Europe Energy Market ‘Hysteria’ on Green Transition

Russian President Vladimir also called for the sustainable development of the oil, gas and coal sectors and said it was important that was not neglected.

Reuters

Russian President Vladimir Putin blamed the transition to green energy and low investment in the extraction industries on Tuesday for what he said were “hysteria and some confusion” on European markets where energy prices are surging.

Russia, a major oil and gas exporter, is facing pressure to commit to a “net zero” emissions target ahead of the United Nations’ Climate Change Conference (COP26), which starts in Glasgow next month and is aimed at agreeing new policies to fight climate change.

Putin has not yet said whether he will attend.

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