Von der Leyen: Energy prices are our biggest concern
Brussels, November 5 (Hibya) - European Commission President Ursula von der Leyen stated that energy prices are the biggest concern for citizens and businesses, announcing that they are coordinating with G7 countries on the release of oil reserves.
Coordination underway on oil reserves
European Commission President Ursula von der Leyen announced that last week the European Commission held a strategic dialogue with refineries to help increase production during this critical period.
Von der Leyen stated that she and International Energy Agency (IEA) Executive Director Fatih Birol are working to coordinate joint action on the release of oil reserves agreed upon by the G7.
Renewable and nuclear energy emphasized in the EU's energy future
Emphasizing that the European Union's energy future lies in electrification supported by domestically produced clean energy, von der Leyen noted that both renewable energy sources and nuclear energy would play important roles in this process.
Von der Leyen also stated that they would work with partners to accelerate electrification as part of COP31, which is scheduled to take place in Antalya.
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