Energy-importing countries scaling clean energy three times faster than exporters
Singapore, Oct. 7 -- The disruption to energy supply through the Strait of Hormuz is reinforcing governments' determination to reduce dependence on imported oil and gas. At the same time, exporting countries outside the Middle East are increasing production to compensate for disrupted supplies, whilst their own decarbonization journeys are increasingly slower compared to the rest of the world. As a result, the share of non-fossil energy in the primary energy mix of importing regions increased by 2.2 percentage points over the past five years, compared with just 0.7 percentage points in exporting regions. This means China, India, and Europe have collectively shifted towards non-fossil energy more than three times as fast as the Middle East, ...
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