One supply scare pushed China into renewables. Two real crises still haven’t woken Europe up

In 2003, Hu Jintao's concerns over the 'Malacca dilemma' led China to prioritize supply-chain resilience, influencing its shift towards clean technology. Xi Jinping recently praised this foresight amid disruptions in Middle Eastern oil flows, highlighting green growth as a solution to geopolitical uncertainties. A new paper from the London School of Economics argues that clean tech enhances economic resilience without reliance on imports. While some governments advocate for increased fossil fuel imports to diversify supply chains, the paper counters that oil and gas markets remain vulnerable to price shocks. The analysis contrasts responses to supply shocks between political systems, noting China's proactive energy policy transformation.