NewsDialy
Green energy is pulling in capital that once leaned toward oil.
With the war involving Iran continuing to weigh on oil demand and the Middle East conflict showing no clear end, China is directing money through its Belt and Road Initiative (a government-run program Beijing uses to finance infrastructure and investment in partner countries around the world) into renewable energy deals, as appetite for alternatives to fossil fuels rises.
Why conflict in the Middle East changes where energy money goes Oil demand, in plain terms, is how much petroleum the world consumes.
It rises and falls with economic activity, but it also shifts when conflict in oil-producing regions makes the fuel feel less reliable. The war involving Iran is doing exactly that.
Keep reading