Implications of War in the Middle East for Climate Policy & Green Transition - WCEREA Webinar

The World Council of Environmental and Resource Economists Associations (WCEREA), in collaboration with the IAEE, invites you to a webinar on how the war in the Middle East is reshaping climate policy and the green transition.

Closures of the Strait of Hormuz, through which a large share of the world's traded oil and LNG passes, have cut supply and raised energy prices. Yet the price response has been more muted than the scale of the disruption might suggest. The implications for climate policy are far from straightforward:

• Higher fossil fuel prices act like an implicit carbon price, but consumer-cushioning policies often work in the opposite direction.
• Energy security concerns can strengthen the case for cutting fossil dependence, but can also favor diversifying fossil supply. A transition built on critical minerals brings its own dependencies.
• A more conflict-ridden geopolitical climate may make international cooperation harder to sustain, just as coordinated action becomes more pressing.

The speakers will address questions such as:

• Why has the price response been so muted, and what does it say about how exposed energy systems remain to fossil fuel supply shocks?
• Do crises like this accelerate the transition, or do the policy responses they provoke slow it down?
• What do earlier oil shocks and Europe's move away from Russian gas after 2022 tell us about which effects persist once prices normalize?

September 25, 2026

15:00-16:30 CEST