Mideast Gulf War: Transition Gets Lift, Takes New Form

Elevated trade and geopolitical tensions are making projected cost declines of capex-intensive renewable technologies slower than we had previously expected. As part of Energy Intelligence’s proprietary modeling, we have revised up our long-term renewables LCOE projections. Nevertheless, renewables will still be cheaper than fossil fuels and we still The precise impact of the Mideast Gulf War on the energy transition is dependent on several variables, but five key shifts reshaping the trajectory are evident. In this special report, Energy Intelligence highlights pivotal trends that are emerging or consolidating because of the conflict:

• Changes in the energy narrative
• The empowerment of consumer action
• A boost to electrification rates
• The central role of emerging markets
• The changing shape of multilateral action around the transition