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You are here : World News – Russian opinion» Economy» Spending tens of millions on propellers and photo voltaic panels gained’t make solar brighter or wind stronger, Russian envoy tells EU on vitality disaster

Spending tens of millions on propellers and photo voltaic panels gained’t make solar brighter or wind stronger, Russian envoy tells EU on vitality disaster

Posted By Russian Opinion. Under Economy  Tags: 'tells, brighter, crisis, Energy, envoy, millions, panels, propellers, Russian, Solar, spending, stronger, Wind, won’t  

Duty for the outcomes of the European Union’s vitality insurance policies can’t be positioned on Moscow, says Russia’s everlasting consultant to the bloc, Vladimir Chizhov.

“Russia shouldn’t be accountable for Europe’s vitality disaster, it lies on these folks accountable for the vitality coverage,” Chizhov informed RT on the sidelines of the 14th Eurasian Financial Discussion board in Verona, Italy.

In response to the envoy, EU officers additionally blame the inadequate charges of introducing renewable vitality for galloping gasoline costs.

“Like when you pump a couple of extra million euros into these propellers and photo voltaic panels, the solar will shine brighter and the wind will blow in the fitting course and with the fitting pace, however that’s actually not the case,” he stated.

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Chizhov highlighted the necessity to have the reserve capacities for these international locations which might be opting to eliminate nuclear vitality and coal because the central focus of their vitality coverage.

“For the foreseeable future and for the long-term perspective, for these sad days when the wind shouldn’t be blowing, and there’s no solar, they may want pure gasoline,” he identified.

Chizhov’s feedback come amid surging costs for gasoline, coal, oil and electrical energy not solely in Europe, however world wide. The present vitality disaster is usually attributed to the post-pandemic rebound of the worldwide financial system, and the rising demand that the under-invested vitality sector shouldn’t be ready to deal with.

For extra tales on financial system & finance go to RT’s enterprise part

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