But it also indicated a high level of ambiguity amid the escalation of conflicts in the Middle EastRussia Oil and gas producers and with elections held in countries that represent half of global energy demand in 2024.
The Executive Director of the International Energy Agency said, Light pyrrolin a statement attached to its annual report: “In the second half of this decade, the prospect of more abundant, or even surplus, supplies of oil and natural gas, depending on how geopolitical tensions develop, would push us into a very different energy world.”
Birol added that surplus fossil fuel supplies would likely lead to lower prices, and may enable countries to devote more resources to clean energy and move the world into the “age of electricity.”
There is also the possibility of reduced supplies in the near term if conflict in the Middle East disrupts flows Oil.
She said International Energy Agency Such conflicts highlight the pressures on the energy system and the need for investment to accelerate the transition to “cleaner and safer technologies.”
The International Energy Agency said that a record high level of clean energy was pumped into the global grid last year, including more than 560 gigawatts of renewable energy.
About $2 trillion is expected to be invested in clean energy in 2024, which is nearly double the amount invested in fossil fuels.
