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, security of oil and gas supplies will continue to pose a challenge for Europe, and also for other regions, he said.
“This winter in Europe will be very, very difficult,” Birol said. “This is a major concern, and this may have serious implications for the global economy.”The fallout for the global energy sector as the US and allies challenge President Vladimir Putin over the war in Ukraine and seek alternatives to Russian exports have highlighted the need to reduce dependence on fossil fuels, US Energy Secretary Jennifer Granholm told the same forum.
“Our move to clean energy globally could be the greatest peace plan of all,” she said. “We want and need to move to clean.” In the transition to cleaner power, reliance on China has become “something we all need to think about from an energy security perspective”, Birol said. The nation controls about 80% of the global supply chain for solar, which is set to rise to 95% by 2025, he said.
“China has big-footed a lot of the technology and supply chains, and that could end up making us vulnerable if we don’t develop our own supply chains,” Granholm said at the conference after signing a deal to cooperate with Australia on renewables technology. “It is imperative that nations that share the same values develop and our own supply chains.”
Yeaaah! And guess what? We're all going to end in a massive implosion. Now, since we're all this stupid and allow for politicians and lawyers to do as the please, can we rather get on with proper, impenetrable solutions? And write about it? And f*kc these so called le💩ders!
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Speaker wants parliament kept in the loop on energy crisis interventionsNational Assembly speaker Nosiviwe Mapisa-Nqakula wants deputy president David Mabuza to ensure parliament is kept abreast of energy crisis interventions. Ok no problem with that…gvt own eskom they hire and fire,and let people that steal 1 million rand every month out on bail for R500,so it should be quick response,the bosses must know what’s going on Thanks so much I received my profit, I Really appreciate may God bless you and your family for the Good you have done for me, now I have enough money to do what I want, thank you so so much Mike_Rosehart It's bad to have such a useless cabinet.
Source: SowetanLIVE - 🏆 13. / 63 Read more »
Speaker wants parliament kept in the loop on energy crisis interventionsNational Assembly speaker Nosiviwe Mapisa-Nqakula wants deputy president David Mabuza to ensure parliament is kept abreast of energy crisis interventions.
Source: SowetanLIVE - 🏆 13. / 63 Read more »
POLITICAL WEEK AHEAD: SA waits for Ramaphosa to act on energy crisisAs the country heads into a fourth week of deep power cuts, South Africans will be looking to political leaders for a solution to the worsening energy crisis Being the head of the home isn't easy, you are expected to provide for the home, I lost my job during the pandemic and relied on the little money I had,things were hard until I met Allison_Grillo and started Bitcoin trading, I earned R150,000 in 3 weeks thanks Allison_Grillo. I was scammed through Bitcoin couple of months ago, I started hating Bitcoin until I was introduced to Allison_Grillo, and I gave Bitcoin trading another try, I successfully withdrew $35,000 after two weeks of trading, am so grateful Allison_Grillo thank you. I won’t hold my breath
Source: BDliveSA - 🏆 12. / 63 Read more »