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Since the outbreak of the Iran conflict in February, European car shoppers have turned sharply toward electric vehicles (EVs), spurred by a rapid climb in petrol costs that has made plug‑in power appear markedly cheaper. Major online marketplaces report a pronounced uptick in EV interest. Germany’s leading platform, Mobile.de, recorded a greater‑than‑50% increase in electric‑car inquiries in March compared with February, while demand for petrol and diesel models fell during the same period. Hybrid queries edged up only 4%. In the United Kingdom, Spain and Germany, the buyer‑matching service Carwow logged 20%‑30% growth in EV inquiries between February and March, with the UK alone seeing a 23% rise in electric demand and a 19% jump for hybrids. French marketplace La Centrale observed a staggering 160% surge in EV searches from early March to early April, underscoring how sensitive drivers are to energy‑price volatility. AutoScout24, operating across Germany, Austria and Italy, noted that demand for electric cars climbed by roughly 40%, while interest in petrol and diesel vehicles remained flat or declined. Official registration data reinforce the trend. The Society of Motor Manufacturers and Traders (SMMT) reported that March battery‑electric registrations hit 86,120 units—a 24.2% year‑on‑year increase** and a record high for the month. Industry insiders attribute the shift to a combination of soaring fuel costs and supportive policy measures. In Germany, diesel prices have reached **€2.50 per litre**, and the government’s **€6,000 purchase subsidy** for electric cars further narrows the cost gap. "What the German energy transition couldn’t achieve, the economic reality has delivered," said Ajay Bhatia, CEO of Mobile.de, highlighting how market forces are now driving the zero‑emission push. Volkswagen’s ID.3 emerged as the most popular battery model, benefitting from both the subsidy and heightened consumer awareness. Nevertheless, experts caution that the surge may be partly transitory. Mobile.de’s Bhatia predicts the spike will settle at "a new, higher normal," while Autotrader’s Ian Plummer notes that previous fuel‑price spikes did not translate into lasting EV adoption, emphasizing the need for continued confidence in vehicle range and charging infrastructure. Guillaume‑Henri Blanchet of La Centrale added that the crisis has given many drivers their first real sense of total‑cost‑of‑ownership, making them more willing to accept higher upfront prices for lower long‑term operating costs. As Europe grapples with the dual pressures of geopolitical tension and energy inflation, the automotive market appears poised for a structural shift toward electrification, though the durability of this momentum remains to be fully seen.

Argentina's glacier law has been in effect since 2010, and was the first legislation in Latin America to protect glaciers. It has been a point of contention for mining companies and provincial authorities ever since.The law bans 'any activity' that can affect the 'natural condition' of a glacier or the periglacial frozen land surrounding it, or that results in 'its destruction, movement or interferes with its advance'. That includes the construction of infrastructure not for scientific purposes and any industrial activity. Mining companies, including Barrick, have previously sought to have the law deemed unconstitutional, but the supreme court rejected the challenge.However, a recent reform to the glacier law driven by the far-right government of Javier Milei will relax restrictions, paving the way for mines in high-altitude areas blanketed with ice and snow, which are sources of water. The new law, approved on Wednesday by 137 votes to 111, with three abstentions, will enable provincial authorities to decide which glaciers are protected and which are open for development based on whether they represent a 'relevant water function'.Environmentalists and community members such as Zeballos, a 51-year-old accountant turned activist, have long alleged that Veladero, owned by Canada-based Barrick Mining Corporation and China's Shandong Gold, is operating illegally in an area considered off-limits by Argentina's Ley de Glaciares – or glacier law. The reform has sparked a wave of protests, with Greenpeace activists staging a demonstration on the steps of the National Congress.'What is at stake is the protection of key water reserves in Argentina,' says Andrés Nápoli, a lawyer and executive director of the Foundation of Environment and Natural Resources (Farn), an environmental and human rights NGO. 'Saying that you have to destroy glaciers to guarantee the energy transition is an oxymoron.'About 7 million people, 16% of the population in Argentina, live in areas that depend on glaciers, according to environmental organisations. Glaciers don't just feed rivers; they balance fragile ecosystems hit hard by a heating planet. In Argentina's northwest, scientists say they have shrunk by 17% in the past 10 years.

Turkey has emerged as the world’s most aggressive adopter of grid‑scale battery storage, with more than 33 GW approved since 2022, according to a new Ember analysis. That figure dwarfs the total planned and operational capacity of leading EU nations such as Germany and Italy, which together sit at roughly 12‑13 GW.The surge reflects a 2022 mandate that grants preferential grid access to renewable projects that pair generation with an equal amount of storage. Of the 221 GW of battery projects submitted, Turkey has green‑lit 33 GW—equivalent to about 83% of its current wind and solar capacity. Only Romania in the EU shows a higher storage‑to‑renewable ratio.Policy analyst Ufuk Alparslan of Ember described the move as a “massive investment signal” that could make Turkey the backbone of a new, clean regional energy hub, especially ahead of the Cop31 climate summit in Antalya this November.Cost declines have been a key catalyst: the price of solar panels and battery packs has fallen by nearly 90% over the past decade, unlocking affordable, reliable power for countries in the global south. University of Wisconsin‑Madison researcher Greg Nemet noted that this price plunge creates “a tremendous opportunity for a cheap, clean and reliable energy system.”Despite the battery boom, Turkey’s energy mix remains heavily coal‑dependent, with coal accounting for 34% of electricity generation last year. The nation generates roughly one‑fifth of its power from wind and solar—higher than any Middle Eastern or Central Asian country but still below the European average.Turkey aims to boost installed wind and solar capacity to 120 GW by 2035, up from the current 40 GW. However, the 6.5 GW added in the most recent year fell short of the 8 GW needed to stay on track, highlighting implementation challenges.Alparslan cautioned that the ambitious battery pipeline faces hurdles, including permit bottlenecks and reliance on volatile spot‑market electricity prices. Moreover, Turkey’s extensive hydropower resources lessen the immediate need for large‑scale batteries compared with many European states.Nevertheless, the country’s decisive policy stance sends a clear message: even as the global fossil‑fuel crisis intensifies—exacerbated by geopolitical tensions such as the Iran‑Hormuz conflict—Turkey is positioning itself at the forefront of the clean‑energy transition.

Rachel Reeves, the UK Chancellor, is set to warn G7 nations that they must move faster on clean energy to insulate economies against global price shocks from oil and gas. This comes as she and Energy Secretary Ed Miliband meet with G7 finance and energy ministers.Reeves will emphasize that long-term energy security from renewables and nuclear is the only way to prevent future crises, in a rebuke to the Conservatives and Reform who have urged her to end the ban on new oil and gas licenses.“As we move faster on renewables and nuclear, our partners in the G7 must do the same – because staying stuck on the rollercoaster of global oil and gas prices will help nobody,” Reeves stated.Reeves will argue that the G7 nations should not “shift pressure on to partners or weaken collective resilience” – a veiled warning about easing sanctions on Russian energy or on new trade barriers.The UK government plans to implement the Fingleton review this year to speed up the delivery of new nuclear power.Reeves rejected calls from the Conservatives to issue new oil and gas licenses in the North Sea, stating they would not insulate the UK from further energy shocks or bring down UK consumers’ bills.

The deadly conflict in Iran has precipitated what the International Energy Agency describes as the worst oil crisis in history, creating a complex situation for global clean energy efforts. While climate advocates are calling for accelerated transition away from fossil fuels, the war simultaneously presents both opportunities and significant challenges for renewable energy development.US-Israeli strikes on Iran have critically disrupted supply routes through the Strait of Hormuz, a maritime channel through which 20% of global oil flows. The conflict has also seen direct attacks on fossil fuel infrastructure by all parties involved, creating additional market shocks and uncertainty.Interestingly, reduced reliance on oil and gas is proving beneficial for some regions navigating the ongoing fuel crisis. As Jan Rosenow, a professor of energy at Oxford University, explains: Electricity generated from wind and solar is largely insulated from fossil fuel price volatility – once built, the fuel is free.Countries with substantial renewable energy investments are demonstrating greater resilience. Spain and Portugal have witnessed electricity prices decline in recent weeks, while Pakistan has experienced a surge in rooftop solar installations over the past five years, helping the nation weather oil and gas market disruptions.The electric vehicle revolution is also providing some economies with protection against gasoline price increases. In China, more than 50% of all new cars sold are electric, while in Nepal, that figure reaches an impressive 70%.However, the war is creating near-term challenges that could impede clean energy growth. The conflict has disrupted transport routes for metals essential in solar panel construction, particularly aluminum. The Middle East accounts for approximately 9% of global aluminum production, and regional producers have begun scaling back operations amid the hostilities.Furthermore, the inflationary pressures stemming from the conflict pose significant hurdles for renewable energy projects, which require substantial upfront investment for construction, equipment, and installation.Paradoxically, the war and resulting energy shocks have provided a short-term boon for fossil fuels, including coal. Many Asian countries heavily reliant on imported liquefied natural gas (LNG) are burning more coal to meet energy demand as LNG supplies through the Strait of Hormuz become constrained.The conflict has also incentivized increased oil and gas drilling and exploration, as countries scramble to replace disrupted LNG supplies and higher prices make previously unviable projects economically viable. US company Venture Global recently announced a new five-year contract to supply LNG, while Canadian energy company TC Energy indicated that Iran war disruptions are increasing the likelihood of expanding a massive LNG export facility.The Trump administration has further incentivized oil expansion, recently announcing plans to pay a French company $1 billion to abandon offshore wind farm projects in favor of fossil fuel initiatives.Experts propose various policy responses to encourage the green transition during this crisis. Rosenow advocates for tax reform to reduce the disproportionate burden on electricity compared to gas. Professor Gregor Semieniuk suggests imposing windfall taxes on oil and gas companies during the war, while Lauren Pagel of Earthworks calls for ending fossil fuel subsidies and making polluters pay for their environmental impact.Despite the current challenges, Kingsmill Bond, a strategist for the energy thinktank Ember, maintains that this crisis could ultimately accelerate the clean energy transition: This is the first oil shock in history where oil faces a superior alternative. Solar, wind and EV are cheaper, local, faster to deploy, and huge.

The UK's green energy landscape is experiencing a significant shift as Jürgen Maier, the boss of GB Energy, joins other prominent renewable energy leaders in advocating for increased North Sea oil and gas production. This move comes as the UK government faces mounting pressure to address an impending energy cost crisis. Maier, in a social media post on LinkedIn, emphasized that while more North Sea oil and gas may not directly reduce energy costs, which have surged due to escalating tensions in the Middle East, it could bring substantial economic benefits, including more jobs and higher tax revenues. He described himself as “a supporter” of a well-managed energy transition that includes “all energy,” later clarifying in a separate post that he fully supports the government’s ban on new oil and gasfield exploration licences. Maier suggested that utilizing existing fields and tiebacks—allowing new deposits to be extracted from existing infrastructure—aligns with an 'All Energy' approach. This strategy, he argues, would give supply chain companies sufficient time to transition while renewables remain the long-term goal. The comments from Maier follow similar endorsements from other green energy leaders, such as Greg Jackson, the Octopus Energy boss, and Tara Singh, the new chief executive of RenewableUK. Jackson, who sits on the Cabinet Office board, told the Daily Telegraph that the UK needs more “sovereign energy,” which requires practical decisions, including leveraging North Sea resources. Singh argued that Britain should produce more energy “of every kind” and called for taking energy out of the culture wars. Despite these calls, Energy Secretary Ed Miliband has ruled out new licences for the North Sea, though decisions on the Rosebank and Jackdaw fields, which were licensed under the previous government, are still pending. Industry sources expect these fields to be approved soon, potentially beginning production by the end of the year, which could provoke backlash from green groups. The government recently dismissed warnings from Offshore Energies UK that failing to produce more North Sea oil and gas would increase the UK's reliance on imports amid rising global instability. A government spokesperson stated that new licences would not enhance energy security or reduce bills, highlighting that oil and gas prices are set internationally. A Great British Energy spokesperson reiterated the company's focus on driving the clean energy transition to deliver a more secure and independent energy system. They emphasized that oil and gas will remain part of the energy mix for decades, and preserving the skills of oil and gas workers is crucial for a clean energy future.

Revolut, the UK banking app, has reported a 57% increase in profits for 2025, but warned that its support for energy-intensive sectors such as crypto and AI could lead to a reputational risk. The fintech company, which can now launch as a fully fledged UK bank after a five-year wait for regulatory approval, offers crypto trading and has applied for a banking licence in the US.The company's annual report highlighted that cryptocurrency mining and AI datacentres demand large amounts of power, with competition for electricity supplies getting steeper since the US-Israel war on Iran sent energy prices soaring over the past month. Revolut's chief executive, Nik Storonsky, hailed another “landmark year” for the company, which has 68.3 million individual customers and 767,000 business customers.Revolut's growth has been rapid, with revenues climbing 46% to £4.5bn and a £1.7bn pre-tax profit for 2025. The company plans to offer a wider array of banking services in the future, such as lending and other products, and has launched mortgage refinancing in Lithuania. Despite the potential risks, Revolut believes its digital-first approach and emphasis on financial inclusion could lead to it being “relatively insulated and even benefit from an orderly energy transition, relative to traditional financial institutions”.

The recent developments in the Iran-US conflict have sparked concerns about the potential for a prolonged and devastating war. Iranian barrages have targeted Israel, Gulf Arab states, and northern Iraq, while Israeli and US warplanes have struck across Iran. The US has considered deploying troops on the ground, further escalating tensions.British Prime Minister Sir Keir Starmer has warned that the conflict may endure, and the economic risks are already crystallizing. Business activity growth in Britain has slowed, manufacturers' input costs have seen their sharpest rise since 1992, and home loans are becoming dearer as the war feeds into energy and inflation fears.The UK government is drawing up contingency plans, such as lowering speed limits to cut fuel use. However, Chancellor Rachel Reeves has ruled out universal household support for any 'Trumpflation' and insists help will remain within her 'iron-clad' fiscal rules. This approach has raised concerns about the government's ability to mitigate the economic impact of the conflict.The conflict has significant implications for global energy markets. Disruptions to oil and gas flows could lead to a structural shift in global energy use, with Europe potentially accelerating its green energy transition and Asia opting for increased coal use. The UK's clean energy transition may be impacted, with higher costs and disrupted supply posing challenges.In conclusion, the Iran-US conflict poses significant risks to global economic stability and energy markets. The UK government must navigate these challenges carefully, balancing the need for economic support with the imperative of maintaining fiscal discipline.