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IEA Sees Russia Crisis Accelerating Transition to Clean Energy

Wind turbines at a wind farm in Villafranca del Cid, Spain.

Wind turbines at a wind farm in Villafranca del Cid, Spain.

Photographer: Angel Garcia/Bloomberg

The upheaval in oil and gas markets triggered by Russia’s invasion of Ukraine could accelerate the world’s transition away from fossil fuels, said the International Energy Agency.

Western nations are looking for ways to quickly wean themselves off Russian energy exports. The U.K. and the U.S already announced bans on oil imports from the country and the IEA will publish a report later this week advising its members on how to curb short-term fuel demand.