War in Iran accelerates the global transition to renewable energy
Kyiv • UNN
U.S. and Israeli strikes on Iran on February 28 caused a spike in oil prices. Governments are accelerating the transition to green energy for the sake of security and autonomy.
The war in Iran is accelerating the transition to renewable energy as governments seek to reduce supply chain vulnerabilities, said Simon Stiell, Executive Secretary of the UN Framework Convention on Climate Change. This was reported by Bloomberg, according to UNN.
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"Those who tried to keep the world hooked on fossil fuels are inadvertently accelerating the global renewable energy boom," Stiell said in Paris at a high-level meeting of UN and International Energy Agency representatives dedicated to preparations for the COP31 summit.
Following the US and Israeli strikes on Iran on February 28, the sharp rise in oil and gas prices forced governments to reconsider energy security policies. The International Energy Agency stated that the conflict in the Middle East has already significantly altered global oil consumption forecasts, with demand gradually shifting toward alternative energy sources.
Stiell noted that this shock has only accelerated existing trends. According to him, last year, investments in clean energy were already double those in fossil fuels. He emphasized that renewable energy is safer, cheaper, and less dependent on geopolitical conflicts and logistical risks.
A similar view was expressed by former Australian Prime Minister Kevin Rudd, who stated that rising fuel and electricity prices could push countries toward a faster transition to clean energy, especially against the backdrop of instability in the Strait of Hormuz region.
Experts note that the current situation is increasingly forcing governments to invest in energy autonomy, economic stability, and the development of renewable energy sources.
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