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Opinion / #energy security
If the war in Iran does not end soon, the Malaysian government must have more arrows in its energy policy quiver.
The Iran war has reminded everyone, but especially Africans, of the structural instability of fossil-fuel prices. For African trustees, directors, asset managers, and other fiduciaries, the question is not whether capital should reposition, but whether institutions will act before events compel them to do so.
Energy shocks expose Asia Pacific's gas gamble, as plunging battery costs and flexible demand tools emerge as cheaper, more secure alternatives to ‘transition fuel’ liquified natural gas.
A system built on renewables introduces new risks, as critical bottlenecks shift to refining, processing, and mineral-supply chains.
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