“Unlike during previous oil shocks, renewable power is now competitive with fossil fuels in many places. More than 90% of new renewable power projects worldwide in 2024 were cheaper than fossil-fuel alternatives, according to the International Renewable Energy Agency.”

[COMMENTARY] Many have criticized Europe’s obsession with renewable energy as misplaced. Yet, oil price shocks like the one we’re currently experiencing are a clear case for going there.
Energy fallout from Iran war signals a global wake-up call for renewable energy, by Aniruddha Ghosal, Anton F. Delgado, and Allan Olingo: March 20, 2026, AP, Yahoo! News, Vietnam.