IEA: Global energy crisis can boost global energy transition

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For the first time, global demand for each of the fossil fuels shows a peak or plateau across all WEO scenarios, with Russian exports in particular falling significantly as the world energy order is reshaped

The global energy crisis triggered by Russia’s invasion of Ukraine is causing profound and long-lasting changes that have the potential to hasten the transition to a more sustainable and secure energy system, according to the latest edition of the IEA’s World Energy Outlook. Today’s energy crisis is delivering a shock of unprecedented breadth and complexity. The biggest tremors have been felt in the markets for natural gas, coal and electricity –... ... More: Official Press Release IEA

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IEA; global, energy crisis, energy transition, oil, gas, Russia, Ukraine, renewable energy, government, policy, reshape, future