Energy crisis can accelerate green transition: IEA

Sakshi Education

The International Energy Agency, IEA, has said that energy crisis triggered by Russia-Ukraine conflict could transform the global energy landscape for decades and accelerate the transition to renewable energy.
In its latest annual World Energy Outlook reports, the IEA said that the energy crisis was causing profound and long-lasting changes that have the potential to hasten the transition to a more sustainable and secure energy system.
The IEA executive director Fatih Birol in a statement said that energy markets and policies have changed as a result of Russia-Ukraine conflict, not only for the time being, but for decades to come.
The energy world is shifting dramatically. Mr. Birol said that governments' responses around the world promise to make this a historic and definitive turning point towards a cleaner, more affordable and more secure energy system.
According to IEA's forecast, investments into renewable energy will increase by 50 percent to 2 trillion dollar per year by 2030.

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