Countries are rethinking U.S. fossil fuels after Iran war

⭐ Join our community and access the best we offer!

illuminem summarises for you the essential news of the day. Read the full piece on The Washington Post or enjoy below:

🗞️ Driving the news: Countries across Asia and Europe are reconsidering long-term reliance on imported fossil fuels following the energy disruption triggered by the conflict between the United States and Iran

🔭 The context: The war disrupted oil and gas shipments passing through the Strait of Hormuz and rattled global energy markets
• Countries that had increasingly relied on U.S. liquefied natural gas (LNG) are now exploring ways to reduce dependence on imported fuels

🌍 Why it matters for the planet: The shift away from imported oil and gas could reshape global emissions pathways. Some countries are accelerating renewables, nuclear power and electrification — which could reduce long-term greenhouse gas emissions

⏭️ What’s next: Several countries are fast-tracking alternative energy projects, including solar-and-battery systems in the Philippines, nuclear and offshore wind in Vietnam, and hydropower and small modular reactors in Indonesia
• These governments seek to shield their economies from future fossil fuel supply shocks

💬 One quote: “The world has just been traumatized by the geopolitical risk of oil and gas.” — Jason Bordoff, Center on Global Energy Policy

📈 One stat: About 20% of global oil supply normally passes through the Strait of Hormuz, making disruptions there a major driver of global energy shocks

See on illuminem's Data Hub™ the sustainability performance — carbon credit purchases, total emissions, and climate targets of thousands of companies

Click for more news covering the latest on energy transition