“We are in the middle of the first global energy crisis.”
Dr Fatih Birol, executive director of the International Energy Agency, was not mincing his words at the annual meeting of the World Economic Forum at Davos in May.
Summing up the scale of the problem facing great swathes of humanity, Birol told delegates: “In the seventies, it was the oil crisis. Now we have an oil crisis, a natural gas crisis and a coal crisis. All prices are skyrocketing. Energy security is a priority for many governments, if not all.”