Spike in energy prices not a result of green transition problems - IEA's Birol

COPENHAGEN, Oct 28 (Reuters) - The current spike in energy prices was not prompted by problems with the green transition, the director of the International Energy Agency (IEA) Fatih Birol said on Thursday.

"Some people are trying to portray the current high energy prices as the first crisis of the clean energy transition. This is completely wrong," Birol said at a conference in Copenhagen.

He warned that such views could risk slowing down important policy actions at the COP26 climate summit in Glasgow.

"The current situation on the energy market has nothing to do with the clean energy transition. If there is one link, it is not because there is too much clean energy, but there is too little," Birol said.

Reporting by Jacob Gronholt-Pedersen; Editing by Kirsten Donovan Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

A shift to the later stages of gold and silver bull markets

Gold stocks plunge on metal drop

Gold stocks still up after pullback late in the week

US regional bank slump goes global, driving market into gold

Gold stocks weaker but outperform slump in other sectors