The Iran War Is Fueling a Boom in Clean Energy
3 Articles
3 Articles
The Iran War Is Fueling a Boom in Clean Energy
The Iran war might have done exactly what President Trump was trying to avoid: turning the world away from fossil fuels to alternative energy sources, because of the wide range of vulnerabilities it has exposed in the international energy system. Restrictions on trade through the Strait of Hormuz have underscored just how dependent many countries are on this waterway for fossil fuel imports, prompting governments to seek alternative suppliers an…
The US and Israel attack on Iran exposed the fragility of fossil trade in the Strait of Ormuz and accelerated the global turnaround for renewables. The International Energy Agency estimates that the peak in oil consumption reaches 2026, three years ahead of schedule.
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