Spain’s renewables build-out has structurally decoupled its electricity prices from gas markets.
Gas now sets the price in only 15% of hours, compared to 90% in Italy.
Countries that invested early in clean power are far less exposed to fossil fuel price shocks.
I’m just imagining future demand for Chinese solar panels, wind mills, batteries, and EVs as a result of the war. Given that China has an effective monopoly on this tech, countries aligned with China will be the only ones whose economies can develop going forward.