Financial Times FT.com

IEA warns of ongoing energy crisis

By Carola Hoyos in London

Published: November 7 2006 21:01 | Last updated: November 7 2006 21:01

The world is on a course that will lead it “from crisis to crisis” unless governments act immediately to save energy and invest in nuclear and biofuels, the International Energy Agency warned on Tuesday.

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In an apocalyptic forecast, Claude Mandil, the agency’s executive director, said that our current path “may mean skyrocketing prices or more frequent blackouts; can mean more supply disruptions, more meteorological catastrophes – or all these at the same time”.

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