The IEA reported on Friday that the global response to Russia’s invasion of
Ukraine has resulted in “great potential” to address high pricing, security
concerns, and climate change.
According to a recent study by the International Energy Agency, however, it
has also prompted policymakers and consumers to reduce their power
consumption, leading to record investment in energy efficiency measures
like building renovations and infrastructure for public transport and
electric vehicles.
Governments have ramped up fossil fuel subsidies to cushion the impact of
growing energy costs on consumers in the wake of the Ukraine crisis, which
has disrupted the gas supply and increased prices.
Ukraine has resulted in “great potential” to address high pricing, security
concerns, and climate change.
According to a recent study by the International Energy Agency, however, it
has also prompted policymakers and consumers to reduce their power
consumption, leading to record investment in energy efficiency measures
like building renovations and infrastructure for public transport and
electric vehicles.
Governments have ramped up fossil fuel subsidies to cushion the impact of
growing energy costs on consumers in the wake of the Ukraine crisis, which
has disrupted the gas supply and increased prices.
