Energy importing countries scaling clean energy three times faster than exporters

Energy importing countries are scaling clean energy three times faster than exporters, as governments seek to reduce reliance on imported oil and gas by expanding domestically produced power, according to the tenth edition of DNV’s Energy Transition Outlook.

The disruption to energy supply through the Strait of Hormuz is reinforcing governments’ determination to reduce dependence on imported oil and gas. At the same time, exporting countries outside the Middle East are increasing production to compensate for disrupted supplies, whilst their own decarbonisation journeys are increasingly slower compared to the rest of the world.