YGRN - Underinvestment in energy is leading to a 'bumpy ride' - IEA

Many questions have surfaced in recent weeks over the pace of the energy transition as an energy crunch takes shape across the globe. While many arguments are covering specific policy details or green efforts, all appear to be in agreement that the world is not spending enough on future energy needs. Some of those risks were detailed in the new World Energy Outlook from the IEA, which advises governments on energy policy. Deeper dive into the global energy crisis. Quote: "There is a looming risk of more turbulence for global energy markets," said IEA Executive Director Fatih Birol. "Spending on oil and natural gas has been depressed by price collapses in 2014-15 and again in 2020. As a result, it is geared towards a world of stagnant or even falling demand. If the supply side moves away from oil or gas before the world's consumers do, then the world could

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Underinvestment in energy is leading to a 'bumpy ride' - IEA