Business Quote by Fatih Birol
“Energy is significantly underpriced in many parts of the world, leading to wasteful consumption, price volatility and fuel smuggling. It's also undermining the competitiveness of renewables.”
About This Quote
Source Report: International Energy Agency World Energy Outlook, 2022
Cheap energy fuels wasteful use, price swings, and smuggling, while hurting renewable competitiveness.
In simple terms: Low energy prices cause waste and hurt renewables.
Key Takeaway
Reprice energy to reflect true costs.
Themes
energy policy
economics
environment
renewables
market distortion
Mood
concerned
urgent
analytical
Type
policy
analytical
When to use this quote
- government pricing reforms
- corporate sustainability planning
- consumer awareness campaigns
Key Concepts
price elasticity
externalities
energy security
sustainability
Questions to Reflect On
- What incentives can align prices with sustainability?
- How to protect vulnerable consumers during price adjustments?
A Different Perspective
Political resistance may block price reforms.
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