IEA warns of ‘Biggest Oil Supply Shock’; publishes 10-Point Plan
The International Energy Agency publishes a 10-point plan to cut oil use.
Insight Bureau: The Head of International Energy Agency expressed fear that the world may be facing its ‘biggest oil supply shock in decades’ due to the ongoing Russia-Ukraine conflict.
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The International Energy Agency publishes a 10-point plan to cut oil use, which includes:
Car-free Sundays in large cities
Employees working from home 3 days a week
Reducing speeds on highways
Make Public Transport Cheaper; incentivise micro-mobility, walking and cycling
Alternate Private Car use in large cities
Car sharing and related practices to decrease fuel use
Promote efficient use of freight trucks and goods delivery
Hasten adoption of electric and more efficient vehicles
Avoid business travel when alternatives exist
Prefer high-speed and night trains to planes where possible
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