Conflict in the Middle East risks pushing Pacific Island Countries into an energy crisis, with around 80% of their energy reliant on mostly imported oil products. A new analysis on the impact of the conflict on oil prices and Pacific Island economies, released today, estimates that Tonga's annual refined fuel import bill could rise by USD 55 million (9% of GDP). Fiji's annual refined fuel import bill could rise by USD 670 million, a 115% increase from 2025 levels, while Vanuatu's refined petroleum import costs could surge by USD 120 million (11% of GDP).
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Results for climate change renewable energy
Wednesday 1 April 2026
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Sydney, Australia
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Monday 16 September 2019
London, United Kingdom
The global transition from carbon-intensive fossil fuels to cleaner, more reliable renewables like wind and solar is already well underway. But the big question – for the 2020s and beyond – is how fast it will happen. A slow transition would mean that energy-sector incumbents continue to flourish, and we would all but certainly miss the emissions-reduction targets enshrined in the 2015 Paris climate agreement. But if the transition is rapid, incumbents will experience varying degrees of disruption – the price of keeping the Paris targets well within reach. As matters stand, both scenarios are possible, representing two paths that lie before us.
