The war in Iran is accelerating the development of renewable energy as countries strive to reduce dependence on imported oil and gas, according to the International Energy Agency (IEA). Global renewable energy capacity is expected to increase by nearly 4,800 GW by 2031, and the share of renewable sources in global electricity production will reach 43% by 2031. Thus, South Korea is accelerating the implementation of its renewable energy development plans, and Egypt has postponed its goal of 45% renewable electricity from 2035 to 2028. Axios notes that exports of solar panels from China to Africa and Southeast Asia have also increased, while the pace of new installations in Europe remains extremely slow.

The war in Iran is accelerating the development of renewable energy as countries strive to reduce dependence on imported oil and gas, according to the International Energy Agency (IEA). Global renewable energy capacity is expected to increase by nearly 4,800 GW by 2031, and the share of renewable sources in global electricity production will reach 43% by 2031. Thus, South Korea is accelerating the implementation of its renewable energy development plans, and Egypt has postponed its goal of 45% renewable electricity from 2035 to 2028. Axios notes that exports of solar panels from China to Africa and Southeast Asia have also increased, while the pace of new installations in Europe remains extremely slow.