The head of the International Energy Agency warned that the global energy crisis hasn’t yet hit its peak and will likely worsen in the northern hemisphere during the winter months.
“The world has never witnessed such a major energy crisis in terms of its depth and its complexity,” IEA director Fatih Birol told an audience in Sydney. “We might not have seen the worst of it yet … this is affecting the entire world,” continued.
The global energy system is fracturing and said that many factors are contributing to the crisis, including the Russia–Ukraine conflict.
“And as a result, we see that the entire energy system is going through a crisis,” Birol said. “Oil, natural gas, coal, and electricity prices, they’re all going up of the roof,” he said, adding that Russia “is the largest exporter of oil and natural gas.”…