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Opinion / #regulation
While tensions around the Strait of Hormuz are rattling global oil markets, energy security is no longer defined solely by access to fossil fuels. What China has understood, and Europe has not, is that security now depends on electricity systems that can deliver low-cost power at scale and support heavy industry.
An advisory opinion from the International Court of Justice last year left no doubt that states have a legal obligation to prevent significant harm to the climate system, and that a failure to do so carries legal consequences. Now, a new United Nations resolution seeks to put this ruling into practice.
The Indian government should take a leaf out of the Mahakumbh playbook, ensuring adequate budget allocation for the establishment of waste treatment and waste-to-energy generation facilities in all Indian metros.
Vietnam has limited room for manoeuvre on the energy front as supply tightens, but is proactively playing the hand it has been dealt.
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