DAVOS. Switzerland (Reuters). The international energy (IEA chief Fatih Birol) said Monday that the Ukraine’s energy security crisis should not result in a stronger dependence on fossil-fuel fuels.

Birol stated at the World Economic Forum that the right investments in nuclear and renewable energy, particularly, will ensure the world does not have to choose between energy scarcity and climate change accelerated by fossil fuel emissions.

Birol, a Swiss diplomat, stated that while fossil fuels are necessary in the near term, we shouldn’t use the present situation to justify some investments. “Time-wise, it doesn’t work, and morally, it doesn’t work,” Birol said.

Paris’s IEA is a leading energy watchdog. It warned investors not to finance new oil, coal, and gas supply projects last year. This was in order to achieve net zero emissions by the middle of this century.

Birol explained that short-term energy demand means the world cannot immediately wean itself from traditional energy resources. However, he said that producer countries capable of exporting more energy will make a “positive contribution”.

The OPEC+ alliance, which includes oil exporters, has slowly released oil into the markets. However top producers Saudi Arabia (and possibly other countries) have reneged on their commitment to tapping all of its full production.