Wars Are Accelerating the Renewable Energy Transition
Major armed conflicts in Europe and the Middle East are accelerating the world’s transition to renewable energy by exposing existential vulnerabilities in the global energy ecosystem. In Europe, countries spent years becoming reliant on cheap natural gas imports from Russia before the Kremlin pulled the rug out from under them after the invasion of Ukraine and left them searching desperately for alternatives. Israel and the United States’ attack on Iran, and the subsequent closure of the Hormuz Strait was the final nail in the coffin as constrained oil supplies caused prices to surge. These factors are shining a light on…
