IEA chief warns Europe lagging in electrification: FT

LONDON, July 12 — Europe has made a major mistake by failing to reduce its reliance on imported fossil fuels quickly enough since the 2022 energy crisis, Executive Director of the International Energy Agency (IEA) Fatih Birol has recently warned.

According to a report published by the Financial Times (FT) on Saturday, Birol said Europe’s relatively low level of electrification is undermining the bloc’s competitiveness and economic sovereignty.