Overview
- Countries in the European Union, the United Kingdom, South Korea and the Philippines are moving to speed electrification and build more clean energy after war-driven jumps in oil and gas prices, according to new reporting.
- Governments describe renewables and nuclear power as the long-term way to shield their economies from swings in global fossil fuel markets.
- Faster decarbonization raises reliance on China for key inputs such as batteries, solar parts and processed minerals that underpin clean technologies.
- The report says Beijing controls the overwhelming share of clean-tech manufacturing and critical mineral supply, which deepens the leverage it holds over buyers.
- Allies facing higher energy costs that the reporting links to U.S. attacks on Iran now weigh lower fuel-price exposure against tighter ties to Chinese supply chains that could be disrupted or politicized.