Waterway Security and Climate: Intersection of Interests Accelerates Energy Transition

The World Resources Institute published a report based on IMF data, showing how waterway security concerns have converged with climate goals. The imminent danger to the Strait of Hormuz and its severe impact on oil prices convinced policymakers that the energy transition is a matter of survival security. This intersection led to the enactment of unprecedented European and American legislation imposing a gradual ban on gasoline cars, providing massive funding to support EV infrastructure and factories.