Energy and Environment

“Reality matters more than consistency” on energy transition

Andy Mayer quoted in City AM

IEA Chief Operating Officer and Energy Analyst Andy Mayer has been quoted in City AM discussing criticism of energy companies for ramping up fossil fuel production, despite promising to use greener energy sources.

Andy argued that transitioning away from fossil fuels would make little sense when demand for them is so high, regardless of the promises previously made.

He added:

“dealing with reality matters more than consistency.

“Without security of supply prices rise. If energy prices rise all activity including decarbonisation becomes more expensive and slows down. The companies deserve to be criticised for their prior incaution with words, not their current wisdom with new investments,”

The full article can be read here.