LONDON: The drop in Russian fossil fuel exports after its Ukraine invasion this year will transform the global energy landscape for decades and can help to hasten a green energy transition, the International Energy Agency said on Thursday .
"Energy markets and policies have changed as a result of Russia's invasion of Ukraine, not just for the time being, but for decades to come," said IEA executive director Fatih Birol. The strongest candidates are projects with"short lead times" which rapidly bring oil and gas supplies to market without locking in dependency.
Russia's supply of internationally traded energy will fall to 13 per cent by 2030 from about 20 per cent in 2021, the IEA projects.
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