EnlargeDong Energy
The 1970s oil crisis, and how the countries impacted by it responded, has several lessons for modern countries looking to transition to renewables, according to the authors of a new paper. In 1973, the Arab countries in the Organization of Petroleum Exporting Countries (OPEC), stopped exporting oil to nations that supported Israel in the Yom Kippur War. The results saw oil shortages and prices in many nations—including parts of Europe, the United States, and Canada—skyrocket. In response, some began moving toward renewables.
However, there’s a political price to be paid for adopting policies that transition away from fossil
→ Continue reading at Ars Technica