Saturday, October 21st, 2017

Clean energy risks over oil price fall: French minister

French minister for Ecology, Sustainable Development and Energy Segolene Royal says low oil prices pose a threat to efforts to boost renewable energy useThe fall in oil prices poses a threat to global efforts to boost renewable energy use and lower carbon emissions, France's ecology and energy minister said Monday. "There is a real risk of the re-orientation of consumption towards fossil fuels, the ones that cause global warming and thus very severe climatic changes," Segolene Royal said on the sidelines of an energy conference in Abu Dhabi. Royal told AFP the challenge to switch to cleaner forms of energy was "not insurmountable". "We must take regulatory, fiscal and strategic decisions to ensure that this decrease (in oil prices)… can provide new flexibility to invest in renewable energy and energy savings," she added.


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