About this episode

The episode discusses the severe energy crisis of mid-2026 and its implications on global economies, featuring insights from Clémence Dubois of 350.org.

In mid-2026 we're experiencing the largest energy crisis the world has ever faced. The sudden and prolonged disappearance of one-fifth of the global supply of oil and LNG, set in motion by the Iran war we covered in Episode #272 , has sent import costs soaring. World leaders are now confronting the risks of fossil fuel dependence as never before. The high costs and outright physical shortages of oil and gas are driving inflation across the global economy. But that's not all. The crisis is also weakening currencies in importing economies, deepening their debt, stalling growth, and transferring wealth on an enormous scale. By 350.org 's count, more than $150 billion has already moved from ordinary households into the balance sheets of oil and gas companies. A new report from 350.org , Out of Pocket: How Delaying Global Fossil Fuel Phase Out is Draining Households and Economies , puts hard numbers on the price of delaying the energy transition. In today's conversation, we welcome the lead author, Clémence Dubois, Global Campaign Manager at 350.org , to share its findings. Clémence explains how the delay imposes opportunity costs, economic and environmental justice costs, and…

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