Several factors contribute to this complex scenario. The war in Ukraine has disrupted traditional energy supplies, leading to increased scrutiny of fossil fuel dependence. Fatih Birol, director of the International Energy Agency, pointed out that this conflict could erode trust in fossil fuels altogether. In response, countries like France and the UK are ramping up their commitments to renewable sources.

Key facts:

• France aims to reduce its fossil fuel share from 60% to 30% by 2035.
• The UK targets a remarkable 90% renewable energy share by 2030.
• China’s exports of green energy technologies surged by 70% in March 2026 compared to the previous year.

The European Union has allocated an additional €24 billion for fossil fuel imports since the crisis began—a stark reminder of the existing dependencies. Meanwhile, the global electricity production from renewable sources surpassed that from coal for the first time in 2025, marking a significant milestone.