Red Tape Is Strangling The Clean Energy Transition
The global energy crisis could be fomenting a massive surge of clean energy tech adoption and innovation as countries around the world scramble to replace the fossil fuel imports they typically depend on. Thanks to the lengthy closure of the Strait of Hormuz – Tehran's response to the United States' and Israel's attack on Iran – the cost of oil and gas has skyrocketed in global markets as competition heats up over increasingly scarce supplies. This market shock is providing fresh incentive for a rapid clean energy transition, as home-grown…