Anne Jellema of 350.org discusses the devastating impact of the war on Iran and Lebanon on global economy and households, with potential costs exceeding $1 trillion in adverse scenarios. The fossil fuel crisis is draining households and economies worldwide, with $158-$166 billion already extracted due to soaring prices, highlighting the urgent need for a global shift towards affordable clean energy solutions to address energy poverty and reduce dependence on costly and unsustainable fossil fuels. Governments should implement windfall taxes on fossil fuel companies, shift subsidies towards renewable solutions, and accelerate the rollout of clean energy technologies like solar and wind to create a more stable, fair, and resilient energy system.
https://www.climatechangenews.com/2026/04/30/what-fossil-fuels-really-cost-us-in-a-world-at-war/