The energy crisis triggered by Russia's invasion of Ukraine could transform the global energy landscape for decades and accelerate the transition to renewable energy, the International Energy Agency said on Thursday.

In its latest annual World Energy Outlook, the IEA said that the energy crisis was "causing profound and long-lasting changes that have the potential to hasten the transition to a more sustainable and secure energy system."

While Russia used to be the largest fossil fuel exporter worldwide, the IEA reported that the country won't be as involved in the global energy supply after its invasion of Ukraine, with its share falling from 20% in 2021 to 13% by 2030.

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