Even if the Iran war ends, the next fossil fuel shock is already on its way
Countries that accelerate the transition to decentralised renewable energy systems will be insulated from future fossil fuel shocks.
The lesson from the US-Israel war on Iran is that the economic insecurity created by fossil fuel dependence persists long after the headlines fade.
The conflict has exposed a structural vulnerability in the global economy: as long as countries depend on fossil fuels, instability anywhere can create economic pain everywhere.
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