World 'faces first truly global energy crisis', report says
The Paris-based agency calculated the value of government spending to protect customers from price rises currently stands at $550bn worldwide, and is set to rise further, particularly in the UK and Germany.
The IEA predicts that Russia's share of global energy trade will fall from 20% currently to 13% by 2030. It points out that while the pain is spread around the world - stoking the rising cost of living and creating inflationary pressures - it's the poor who will suffer the most because they spend more of their income on energy . Many will lose access to electricity altogether.It gives short shrift to the idea that investment in "clean" energy such as renewables might be partially responsible for high prices.
France Dernières Nouvelles, France Actualités
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