New Delhi, March 20 (IANS). Amidst the growing crisis in the Middle East, the International Energy Agency (IEA) on Friday suggested several important measures to reduce the impact of the energy crisis. These measures include many important steps like adopting work from home and avoiding air travel, so that fuel demand can be reduced.
IEA said that wherever possible, people should work from home, which can reduce the fuel consumption used in commuting to office. Especially in jobs where remote work is possible, this solution can be very effective.
The report also suggests that people adopt modern cooking options to reduce dependence on LPG. Gas consumption can be reduced by promoting options like electric cooking.
IEA Executive Director Fatih Birol said the ongoing war in the Middle East is creating the largest supply crisis in the history of the global oil market. If it is not resolved soon, its impact on the energy market and the economy could be more serious.
It has been told in the report that governments, companies and common people can together take such steps so that the impact of this crisis can be reduced.
Many measures have also been suggested in the field of road transport, such as working from home, reducing the speed of vehicles on the highways, increasing the use of public transport instead of private vehicles and imposing some control on the use of vehicles in big cities.
Apart from this, fuel can also be saved by car sharing, better driving and increasing efficiency in freight transportation.
The report says that where alternatives are available, air travel should be reduced, which will reduce the demand for jet fuel. Also, LPG should be used preferably only for essential purposes like cooking.
IEA also said that change is necessary in the industry sector also. Where there is shortage of LPG, companies can use other alternatives like naphtha, so that gas can be available for essential needs.
Governments should also set an example and make people aware through rules and schemes and should provide assistance only to the needy people.
The report said past experience shows that well-targeted aid schemes are more effective and economically sound than blanket subsidies.
According to the IEA, this war has caused major disruption in global oil supply. Traffic through the Strait of Hormuz, where about 20 percent of the world’s oil is supplied, has reduced significantly.
Normally, about 20 million barrels of crude oil and other petroleum products pass through this route every day, but in the current situation it has been significantly affected.
–IANS
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