Putin calls for smoother transition to green technologies
ABC News
Russian President Vladimir Putin says that “the hysteria” engulfing European energy markets recently has been driven by insufficient investment in energy industries
MOSCOW -- Russian President Vladimir Putin said Tuesday that “the hysteria” engulfing European energy markets has been driven by insufficient investment in energy industries, arguing that the world needs a smoother transition to green energy technologies.
Speaking during a Cabinet meeting, Putin claimed that the current situation with soaring natural gas prices in Europe was partly rooted in the lack of investment.
“See what's going in Europe — there is hysteria and mess in the markets,” Putin said. “Why? Because nobody takes it seriously. Some speculate on the climate change issues, some underestimate certain things and some others start cutting investments in the mining industries."
He said Russia wouldn't repeat the mistakes others have made in adopting green technologies.
