The International Energy Agency (IEA) released a 10-point plan Friday to reduce global reliance on fossil fuels amid an historic worldwide oil supply crunch.
The IEA’s plan laid out a series of “practical actions by governments and citizens in advanced economies” that could be taken to lower the global reliance on crude oil reserves from hostile regimes. Russia’s grip on the global energy marketplace — the nation is the world’s largest exporter of natural gas and second-largest exporter of crude oil and condensates, according to U.S. data — has come into focus after Russian President Vladimir Putin ordered troops to invade Ukraine.
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