Story perspectives

China's Renewables Surge Amid Global Oil Turmoil

3/21/2026

Center

China's Renewable Surge

China generated over a third of its electricity from renewables in 2024, reducing oil's share to about 20%.
The war in Iran disrupted oil exports, pushing prices higher; experts urge a switch to renewables.
China's renewables investments have lessened its reliance on imported oil and strengthened its position amid tensions.
India relies on coal and Russian oil, while poorer Asian and African nations face rising fuel costs.

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Asia's Fuel Crisis

The ongoing conflict in the Middle East has disrupted oil and gas supplies, affecting Asia most.
Over 80% of the oil transiting the Strait of Hormuz is destined for Asia.
India and Pakistan face fuel shortages, leading to rationing and unrest.
Reliance on liquefied petroleum gas remains high despite a growing renewable energy sector.
Gulf investments in Africa's renewable sector continue, driven by long-term economic strategies despite current disruptions.

History

Historical Context

The 1973 Oil Crisis began when the Organization of Arab Petroleum Exporting Countries (OAPEC) imposed an embargo in response to Western support for Israel during the Yom Kippur War. This led to a 400% surge in oil prices, severely impacting nations like Japan, which relied on Middle Eastern oil for 90% of its supply. Today, as China shifts towards renewable energy, the historical reliance on oil is being challenged.

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China's Renewable Surge

China generated over a third of its electricity from renewables in 2024, reducing oil's share to about 20%.
The war in Iran disrupted oil exports, pushing prices higher; experts urge a switch to renewables.
China's renewables investments have lessened its reliance on imported oil and strengthened its position amid tensions.
India relies on coal and Russian oil, while poorer Asian and African nations face rising fuel costs.

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