After several decades of stagnation, the recent discovery of significant natural gas deposits in the Mediterranean, which could supply Israel’s energy needs for the coming decades, and the introduction of domestic renewable energy generation could signal a rapid energy transition for Israel. Noam Segal explains.
40 years after the upheaval of the 1973 oil crisis the energy transformation has entered the global lexicon, perhaps most famously through the German term “Energiewende”. Both devastating and inspiring, the 1973 oil crisis presented an opportunity to make a change. Like the Fukushima Daiichi nuclear disaster in March 2011, it opened a rare door through which public opinion and policy makers could meet with the common purpose of emerging from a crisis. Looking back today, Aurelia Rochelle Figueroa identifies the 1973 oil crisis can be seen as a turning point in the energy policy debate and the genesis of the ongoing energy transformation.