The ongoing Israeli attacks against Palestinians could once again shock oil markets, International Energy Agency chief says, which could lead to more urgency among countries to shift to renewables.
Concerted international action at the upcoming United Nations climate conference is needed to expand use of clean technologies, the IEA says. / Photo: Reuters
"Put these two things together, and no one can convince me that oil are gas are safe and secure energy choices for countries or consumers," Birol said ahead of the publication Tuesday of the IEA's annual world energy outlook, which analyses the global picture of energy supply and demand. Fossil fuel prices are down from 2022 peaks, but"markets are tense and volatile," said the IEA in the report.
"This time, we have all of the available technologies," Birol said."We have solar, wind, nuclear power, electric cars. They will extend significantly around the world and it will be an additional boost to the energy transition."
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