Energy trade-offs: What’s prompted the global shift towards renewables over fossil fuels?
Recent energy shocks, including the Iran war, present a complex scenario for clean energy. While past crises spurred adoption, current inflation and supply disruptions could hinder progress. Last year saw record renewable installations driven by cost, and geopolitical events highlight renewables' security benefits. However, new obstacles like supply chain issues and rising interest rates threaten investment. Despite these challenges, there's a growing global political and public shift towards clean energy, recognizing fossil fuel dependence as unreliable. Nations like South Korea are accelerating initiatives. Ultimately, the era of fossil fuel security is ending, making clean energy security paramount.
LiveMint · mint · May 1, 2026 at 8:30 AM