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Illustration: Gabriella Turrisi/Axios
There's new evidence that the Iran war is boosting global clean energy uptake, Axios' Ben Geman reports. 🇨🇳 China's solar exports soared in March, per think tank Ember and energy research firm BloombergNEF. 🇰🇷 South Korea's domestic EV sales more than doubled last month year over year, Bloomberg reports. Solar panel imports were up nearly 140%. 🇪🇺 March EV sales also surged in the EU, with larger year over year growth than in either of the prior two months.
- European leaders say they're going to get even more aggressive on electrification.
Reality check: Solar and EVs were already growing fast in many places, making it tough to suss out the war's true impact.
- Coal is also rising in some places, like South Korea.
🛢️ Some countries are sticking with oil and gas, but importing it from regions outside the Gulf.
- Norway is reopening North Sea gas fields, while U.S. oil and petroleum exports have surged amid the war.
The bottom line: Tatiana Mitrova, a fellow at Columbia's Center on Global Energy Policy, tells Axios that it's "still too early to say that the Iran war is clearly accelerating the whole transition."
- "But there are already concrete signs that it's making solar, storage and electrification-related choices more attractive through an energy-security lens."
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