The worst energy policy in the world
2026-08-27
The Iran war could serve as a turning point in accelerating the global transition away from fossil fuels: Every additional day that oil and gas prices are high and future supplies are uncertain, wind and solar power—cheaper and more scalable than ever before—grow all the more appealing. But nearly half of the world’s countries have adopted emergency subsidies that research shows will make this transition slower, more expensive, and less equitable.