?Orderly exit: on India and energy transition issues

? Global energy shocks are not new. The world has seen them before — in the early 1970s after the Yom Kippur War; in 1979 following the Iranian Revolution; in 1990-91 after Iraq’s invasion of Kuwait, and in 2022 after Russia’s invasion of Ukraine. Yet, the present crisis triggered by American-Israeli strikes on Iran is materially different. While Russia’s war with Ukraine sharpened the geopolitical use of natural gas, the current conflict has simultaneously disrupted oil and gas flows. This disruption comes at a moment of profound transition in the global energy system. The International Energy Agency has underlined that…