Yesterday’s News 2026 04 13

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Global energy intensity and energy mix

Hans Christensen: Oil War Boosts Renewable Energy

Many governments are now—perhaps not the US, but most other—looking for ways to push for a faster and more effective transition to non-fossil fuels. The IMF shows how previous oil shocks worked.

IMF (the International Monetary Fund) and World Bank’s spring meetings next week in Washington, DC will see economic policymakers from all over the world gather to assess the damage caused by Trump’s war on Iran has caused. …

International institutions are under pressure, again by Trump, but at least most of the main ones are still able to gather influential leaders, like the IMF does.

[From IMF video] So what hit us? A supply shock that is large, global, and asymmetric:

  • It is large because the world’s daily oil flow cut by some 13 percent, and its LNG flow by some 20 percent;
  • It is global because all of us now paying more for energy and with supply chains disrupted across the world;
  • And it is asymmetric because its impact depends on proximity to the conflict, whether you are an energy exporter or importer, and your policy space.


(Hans Christensen more…)


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