The global energy crisis may get worse, IEA’s Birol warns.
A global squeeze on energy supply that’s triggered crippling shortages and sent power and fuel prices surging may get worse, according to the head of the International Energy Agency.
Like the oil crises of the 1970s, which saw huge gains in fuel efficiency and a boom in nuclear power, the world may see a jump in energy policies that speed the transition to cleaner energy, Birol said. In the meantime, the security of oil and gas supplies will continue to pose a challenge for Europe, and also for other regions, he said.
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