How Renewables Ensure Energy Security for Countries
As volatility in the global energy sector forces countries to pay higher and higher prices for oil, natural gas, and other fossil fuels, pivoting to renewables could help nations fortify themselves against price and supply chain instability and ensure energy security. Despite concerted efforts to transition to renewables like solar, wind, and geothermal energy, most of the world still relies on fossil fuels for its energy needs. This means shocks or disruptions to the global energy supply chain, such as when Russia halted natural gas exports to Europe, often have major economic consequences on a global scale. The ongoing Israel-Iran…