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en.ce.cn 21 Jan, 2023 03:45 am

Experts at Davos urges energy supply security, green transition--China Economic Net

Leaders said that the energy crisis comes after a decade of under-investment in legacy energy sources, as well as slow investment in renewables.20 (Xinhua) -- Energy experts at the World Economic Forum (WEF) have emphasized the importance of securing energy supply and the green transition in tackling the energy crisis and building a clean, sustainable future.The current energy crisis is not the first for some countries, but it is the first at a truly global level, due to the interconnection of energy markets.Leaders said that the energy crisis comes after a decade of under-investment in legacy energy sources, as well as slow investment in renewables.

The world "has never seen an energy crisis of this depth and complexity," said Fatih Birol, Executive Director of the International Energy Agency (IEA).Energy leaders also highlighted the importance of the "Green transition", calling for the development of renewable energy in order to ensure supply and fight climate change.

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