Hormuz crisis exposes structural energy flaw, pushes electrification case: ETC

The closure of the Strait of Hormuz triggered a historic disruption to fossil fuel supplies, and should accelerate clean energy deployment, with governments and markets responding to disrupted oil and liquefied natural gas flows by fast-tracking renewable electricity, electric vehicles and heat pumps rather than locking in new fossil fuel infrastructure, the Energy Transitions Commission said in aThe closure of the Strait of Hormuz triggered a historic disruption to fossil fuel supplies, and should accelerate clean energy deployment, with governments and markets responding to disrupted oil and liquefied natural gas flows by fast-tracking renewable electricity, electric vehicles and heat pumps rather than locking in new fossil fuel infrastructure, the Energy Transitions Commission said in aRead More