equivalent to more or less 18 years of current global emissions .
“ There are many ways to respond to the immediate energy crisis that can pave the way to a cleaner and more secure future ,” Birol said . “ I believe the world does not need to choose between solving the energy crisis and the climate crisis – and it cannot afford to ignore either of them .”
Finding common ground Joe Kaeser , Chairman of the Supervisory Board , Siemens Energy , is optimistic that the ripple in global politics and economy might also accelerate the global energy transition , noting resilience and partnerships would bloom in the tumultuous time .
“ To begin with , our economies need to be much better prepared for scenarios where energy supply is disrupted . We need to make our energy systems more resilient ,” he said . “ Another angle we should consider is that green energy partnerships are becoming increasingly important .”
According to the upcoming IEA analysis for our World Energy Investment 2022 report , global net income from oil and gas production in 2022 is projected to be nearly $ 2 trillion higher than in 2021 .
“ If the global oil and gas industry were to invest this additional income in low emissions fuels , such as hydrogen and biofuels , it would fund all of the investment
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