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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