Global Energy Group Asks Citizens To Sacrifice Amid Worldwide Crisis
Climate Change,Energy,Economy And Jobs,Environment,Oil,Oil Prices,OPEC,Russia,Sustainability,Ukraine War,World
The International Energy Agency (IEA) released a 10-point plan Friday to reduce global reliance on fossil fuels amid an historic worldwide oil supply crunch.
The IEA’s plan laid out a series of “practical actions by governments and citizens in advanced economies” that could be taken to lower the global reliance on crude oil reserves from hostile regimes. Russia’s grip on the global energy marketplace — the nation is the world’s largest exporter of natural gas and second-largest exporter of crude oil and condensates, according to U.S. data — has come into focus after Russian President Vladimir Putin ordered troops to invade Ukraine.
“We can also take action on demand to avoid the risk of a crippling oil crunch,” IEA Executive Director Fatih Birol said during a news conference Friday. “Our 10-Point Plan shows this can be done through measures that have already been tested and proven in multiple countries.”
Among the suggestions, the IEA plan called for lower speed limits, more remote work, not using cars on Sundays in cities and avoiding business air travel. Mandating three days of remote work would save 500,000 barrels of oil per day.
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