Eon boss warns of energy shortages

Speaking at the Copenhagen climate change conference Eon Renewables chief executive Frank Mastiaux stated that continued rising costs of oil, coal and gas made the case for development of renewables such as wind power.

"I believe that looking after the climate is vital. But as a company that provides energy as its core purpose, I have the supply element in the front of my mind. We've seen situations in Europe where shortage of gas creates panic in the market. More people want energy – more people on the planet and the planet will get under stress."

"There are still climate sceptics out there," commented Mastiaux. "They should do the math: work out people on the planet versus resources and just get renewables on your patch as soon as possible."

Eon plans to develop one third of its energy supply from renewable sources.