Economy

World is now in ‘age of electricity’, energy agency chief says

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 13/11/2026, 07:50:25 UTC.

Briefings

The International Energy Agency's Fatih Birol stated that the world has transitioned from fossil fuels to electricity, with over twice the electricity generation added to the global economy in the next decade compared to the previous period. This shift occurred as nations secured energy supplies against volatility, specifically citing the Iran war as a supply shock example. The finding marks a significant change in global energy dynamics, though the exact timeline of this transition remains a subject of analysis.

Key points

• Fatih Birol, executive director of the International Energy Agency (IEA), declared the world is now in the 'age of electricity'.

Context

This finding comes from an exclusive report published on 2026-11-13, where Birol noted that countries are scrambling to secure energy supplies against fossil fuel price volatility and supply shocks like the Iran war.

Limitations

The evidence is limited to a single statement from an energy economist at an energy summit. Specific dates for the transition period are not fully defined, and the exact scale of the shift beyond 'twice as much' generation remains a subject of analysis.

Generated by Bittrees-hosted qwen35-2b sha256:aaf42c8b7c3c on 13/11/2026, 07:51:18 UTC. Based on publisher-provided feed evidence; may not cover the full original article. Check the source for details.

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