- South Korean President Lee Jae Myung has warned of a severe global energy crisis, attributing it to the US-Israeli war against Iran and urging a rapid shift to renewable energy.
- He described the situation as "worse than you think," highlighting the chaos caused by energy issues and South Korea's reliance on imported fossil fuels.
- The crisis is primarily driven by Iran's closure of the Strait of Hormuz, which has significantly disrupted global oil and LNG supplies, particularly affecting energy-dependent Asian economies like South Korea, Japan, and India.
- This disruption has led to a temporary reversal in climate policies, with countries like South Korea, Japan, and India increasing their reliance on coal-fired power to meet energy demands.
- Despite the short-term return to coal, these nations are simultaneously accelerating their clean energy initiatives, with South Korea pushing for faster electric vehicle adoption and Japan exploring nuclear power to reduce Middle Eastern energy dependence.
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