WCEREA Webinar – The implications of the ongoing war in the Middle East for climate policy and the green transition
The World Council of Environmental and Resource Economists Associations – WCEREA in collaboration with the IAEE, is pleased to announce the webinar on “The implications of the ongoing war in the Middle East for climate policy and the green transition” to be held on September 25, 2026 at 15:00 – 16:30 CEST
The Webinar
The war in the Middle East that began in early 2026 has substantially disrupted global oil and gas markets, as closures of the Strait of Hormuz, through which a large share of the world’s traded oil and LNG passes, have reduced supply and raised energy prices. Yet the price response has so far been more muted than the scale of the disruption alone might suggest. The implications for climate policy and the green transition are not straightforward. Higher fossil fuel prices act much like an implicit carbon price, yet the policy response to energy price shocks has often been to cushion consumers in ways that work in the opposite direction. Energy security concerns may strengthen the case for reducing fossil fuel dependence, but they can also favor diversification within fossil supply, and a transition built on critical minerals brings its own dependencies. Meanwhile, a more con ict-ridden geopolitical environment may make international cooperation on climate harder to sustain, even as the need for coordinated action becomes more pressing.
Several questions follow. Why has the price response been so muted, and what does that suggest about how exposed today’s energy systems still are to fossil fuel supply shocks? Do crises of this kind accelerate the transition, or do the policy responses they provoke slow it down? And what do past episodes, such as earlier oil shocks or Europe’s diversi cation away from Russian gas after 2022, tell us about which e ects persist once the prices normalize? In this webinar, we gather distinguished scholars from several regions and elds to present their views on these pressing questions.
Invited speakers
- Lutz Kilian – Lutz Kilian
- Anne Neumann – Anne Neumann – NTNU
- Toshi H. Arimura – Toshihide (Toshi) Arimura Laboratory
Register here






