And the worsed growth at that, as it makes oil and gas cheaper. The Iran war and also Ukraine war were really good pushed for going green and hit the sectors of the economy relying on fossil fuel the most, the hardest. It is said, that this needs wars though.
Iran closing the Strait of Hormuz increases the price of oil and gas. That was also the case, when the West sanctioned Russian energy after Russia invaded Ukraine. At the same time green technologies, like solar, wind turbines, heat pumps, evs and so on are getting cheaper. So when you get a price shock, you end up with reduced emissions.
If Iran would have a regime change favorable to the US, then the Strait of Hormuz would be opened and oil and Iranian oil and gas would no longer be under sanctions. That would reduce the price of that. At the same time Western technology would end up in Iran increasing production.
And the worsed growth at that, as it makes oil and gas cheaper. The Iran war and also Ukraine war were really good pushed for going green and hit the sectors of the economy relying on fossil fuel the most, the hardest. It is said, that this needs wars though.
What? Please restate clearly
Iran closing the Strait of Hormuz increases the price of oil and gas. That was also the case, when the West sanctioned Russian energy after Russia invaded Ukraine. At the same time green technologies, like solar, wind turbines, heat pumps, evs and so on are getting cheaper. So when you get a price shock, you end up with reduced emissions.
If Iran would have a regime change favorable to the US, then the Strait of Hormuz would be opened and oil and Iranian oil and gas would no longer be under sanctions. That would reduce the price of that. At the same time Western technology would end up in Iran increasing production.