How the Iran war will reshape the future of energy | Zero: The Climate Race

The long-term impacts of energy shocks, particularly in Asia, are examined, focusing on how the closure of the Strait of Hormuz affects energy markets and policies. Bloomberg Opinion columnist David Fickling joins the conversation, bringing insights on Asian energy market evolution. Australia's high diesel consumption due to geography, subsidized diesel policies, and the structure of its mining-dependent economy is discussed. China's rapid electrification of heavy trucks and the potential for developing countries to transition from diesel-powered public transport, like jeepneys in the Philippines, to e-mobility are also highlighted. The conversation further explores how the energy crisis is pushing Asian industries away from natural gas and towards solar, using Pakistan's solar boom as a case study.