Renewables Alliance: Renewables Action Plan

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Energy crises keep recurring because the energy system remains stuck in the past. From the oil shocks of the 1970s, to the Gulf War of the 1990s, to the 2022 gas crisis after Russia’s invasion of Ukraine, to today’s conflict in the Middle East, the same vulnerability is exposed: dependence on imported; volatile fossil fuels leaves economies highly susceptible to price spikes, supply disruptions and economic and political instability.

The current crisis is a stark reminder of the inherent hazards of fossil fuel dependence and why governments must accelerate the shift to homegrown renewable energy. Wind, solar, hydropower, geothermal and other renewables rely on local resources and have stable operating costs, reducing exposure to global fuel price volatility. Countries that have invested in higher shares of renewables, grids and storage have proven more resilient.

Just as the preceding energy crises triggered stronger international cooperation on energy security, today’s crisis should drive a coordinated push toward renewable, electrified and resilient energy systems.

Source: Wikipedia