Ukraine War Drove Countries Towards Power Efficiency: Energy Body
NDTV
According to the IEA research, governments, industry and households invested a record $560 billion this year in energy efficiency measures.
Russia's invasion of Ukraine has driven countries across the world to boost energy efficiency, creating "huge potential" to tackle high prices, security and climate change, the IEA said on Friday.
Governments have scaled up fossil fuel subsidies to cushion the impact of rising energy costs on households in the wake of the Ukraine conflict, which has disrupted gas supplies and stoked prices.
But a new report from the International Energy Agency found that it had also prompted policymakers and consumers to shrink their power use, causing record investment in energy efficiency measures, like building renovations, and infrastructure for public transport and electric cars.
IEA executive director Fatih Birol said after the oil shocks of the 1970s, governments pushed "substantial improvements" in energy efficiency, particularly in cars, appliances and buildings.
