‘Europe learned the wrong lesson’ by doubling down on fossil fuels while India and China went green
‘Europe learned the wrong lesson’ by doubling down on fossil fuels while India and China went green
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The ongoing war in Iran is disrupting global oil exports, particularly through the Strait of Hormuz, leading to increased energy prices and economic strain, especially in Asia and Europe. The crisis highlights the urgency for a transition to renewable energy, which is becoming more competitive with fossil fuels. Countries like China and India are expanding their renewable energy capacities, but challenges remain, particularly for poorer nations that are heavily reliant on imported fuels. The situation calls for strategic investments in clean energy to ensure long-term energy security.
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