War in Gaza and Russian Gas Cutoff Could Accelerate Shift to Renewables, Says IEA Head, Drawing Parallels to 1970s Oil Shocks
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Tensions from war in Gaza could accelerate transition to renewables like solar, wind, and electric vehicles. IEA head sees parallels to 1970s oil shocks spurring change.
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Russia's natural gas cutoff adds more strain, underscoring oil and gas are not secure energy choices.
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Moderate oil price rises so far. But markets remain tense and volatile.
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In 1970s, government response included nuclear power and mileage standards. Now have more tools like solar, wind, EVs.
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China's energy demand could peak soon. Shift to clean energy there is "impressive." More effort needed globally.