Higher energy prices, war in Middle East: A boost for renewables?
The Straits Times
As the Middle East conflict sends oil and gas prices soaring, Green Pulse hosts discuss if geopolitics will break ASEAN’s fossil fuel addiction. Read more at straitstimes.com.
Synopsis: Every first and third Tuesday of the month, The Straits Times provides you with a South-east Asian perspective to global environmental challenges.
The war in the Middle East is causing energy prices around the world to spike, due to Iran’s closure of the Strait of Hormuz – an important shipping route for oil and gas – and attacks on fossil fuel production facilities.
For energy-importing nations, the volatility is no longer just an economic concern. It’s a matter of national security. Coming on the heels of the war in Ukraine, the latest crisis poses a difficult question: How can Singapore and its ASEAN neighbours insulate themselves from global shocks?
Green Pulse hosts Audrey Tan and David Fogarty discuss energy security and the role of renewables in this episode.
Highlights of conversation (click/tap above):
3:19 Everyone is scrambling for fossil fuel supplies. Is this the time to be talking about renewables?
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