Europe and the world need to draw the right lessons from today’s natural gas crisis.

Today, Europe finds itself at the heart of an international energy storm. Understanding the causes of this crisis and drawing the right lessons from it is essential for the transition to more sustainable, secure and affordable energy supplies in the future.

"We are once again seeing claims that volatility in gas and electricity markets is the result of the clean energy transition. These assertions are misleading to say the least. This is not a renewables or a clean energy crisis; this is a natural gas market crisis" says Fatih Birol, Executive Director at International Energy Agency (IEA).