SINGAPORE - The global energy crisis that has triggered soaring fossil fuel prices and inflation will accelerate the green transition and the end result will be a more secure and cleaner energy future, said the head of the International Energy Agency .
He said that while the crisis was painful, he was optimistic that clean energy investment will continue to rise, based on recent plans adopted by big greenhouse gas polluters, such as the United States and the European Union. A surge in renewable energy investment has largely offset what would have otherwise been a rise in global carbon dioxide emissions this year because of higher liquefied natural gas and coal use, the IEA said last week.
But for many in the developing world, he said, the feeling was that it was a fight between the West and Russia that is causing energy prices to go up.
IEA It will lead to more unrest
IEA … with more efficiency and moderation/sobriety in the uses.