The war on Iran shows the dangers of dependence on fossil fuels, Stern said.
On Thursday, U.S. President Donald Trump threatened Iran to stop charging fees to tankers passing through the Strait of Hormuz if the country is doing so.
“There are reports that Iran is charging fees to tankers going through the Hormuz Strait — They better not be and, if they are, they better stop now!” Trump wrote on his social media platform Truth Social.
A day earlier, Trump said he is weighing to set up a “joint venture” with Iran to charge tolls from vessels passing through the crucial waterway through which about 20 percent of global oil is transported, calling it “a beautiful thing.” He also stated that “big money” could be made by the U.S. “helping with the traffic buildup in the Strait of Hormuz.”
Iran demands oil tankers pay a transit toll of US$1 U.S. per barrel for passing through the strait. Marine traffic in the strait remained at a trickle.
For the first time since the ceasefire was reached on Tuesday, two non-Iranian oil tankers were tracked crossing the strait, The New York Times reported on Thursday, citing ship-tracking firm Kpler.
The War on Iran Reveals the Dependence on Fossil Fuels
On Friday, Nicholas Stern stated that the U.S.-Israeli war on Iran shows again the dangers of dependence on fossil fuels “for economies and security” and urges to “accelerate and maintain” the energy transition.
The renowned British economist, who is author of the book “The Growth Story of the 21st Century: The Economics and Opportunity of Climate Action”, spoke to the media after a meeting with Spain’s Minister for the Ecological Transition, Sara Aagesen.
In the current context, he noted that the war in Iran “has once again shown the dangers to our economies and our security of depending on fossil fuels, oil and gas.”
“There are very powerful environmental arguments for change. The next two decades will be absolutely decisive for the direction of the world in terms of climate and biodiversity,” Stern stressed.
“There are also great opportunities for growth, which are already being demonstrated here in Spain with the transition. And there is also the aspect of economic and energy security.”
If the arguments “were already overwhelming before the war, and now they are even more so in this context. It is vital that the world comes to that conclusion.”
teleSUR/ JF
Sources Xinhua – EFE
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