IEA Warns That Geopolitical Tensions Threaten Energy Security

10/21/2024 11:07:29 PM

(MENAFN- Investor Brand Network) The International energy Agency (IEA) says rising geopolitical tensions are
threatening global energy security
and emphasizing the need for a speedy transition to clean energy. Economic and military tensions surging across many regions of the world have exposed major weaknesses in the world's
energy system
and created significant risks for climate action and energy security.

IEA Executive Director Fatih Birol says geopolitical tensions could affect green energy supplies and the prospect of surpluses through the second half of the 2020s. Excess supply of liquefied natural gas (LNG), oil, and clean energies such as solar panels and batteries is projected to reduce energy prices through...

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