
Europe may have been spared from an extreme energy crisis this year, but the head of one of the world’s largest banks is worried about what’s next.
Through a mix of unseasonably warm weather so far this winter and low energy demand, European countries seem to have averted a much-feared energy crisis this year. “This winter, it looks like we are off the hook,” IEA executive director Fatih Birol said at a press conference earlier today.