Global power generation from fossil fuels fell in the first month since the start of the Hormuz blockade, with the fall in gas-fired generation offset by large increases in solar and wind power, rather than coal.
Putin managed to do something similar before. The issue is that high fossil fuel prices also mean massive profits for fossil fuel companies. Since green technologies take time to deploy, this means fossil fuel companies have a lot of money for corruption.
The good news is that there are tipping points. Things like fossil fuel jobs are cut and companies leave countries. For example the UK has no longer coal power plants. So the coal lobby is going to be extremely weak in the UK.
Putin managed to do something similar before. The issue is that high fossil fuel prices also mean massive profits for fossil fuel companies. Since green technologies take time to deploy, this means fossil fuel companies have a lot of money for corruption.
The good news is that there are tipping points. Things like fossil fuel jobs are cut and companies leave countries. For example the UK has no longer coal power plants. So the coal lobby is going to be extremely weak in the UK.