Comment by citrin_ru

In a long run - maybe but in a short run high oil/gas/diesel prices push CPI up, as a reaction central banks are rising rates, bonds yields are rising even faster in anticipation of future rate hikes - this makes credit expensive and most green energy project depend on credit so investments into green energy going down too AFAIK. At least clean energy stock indexes are falling for the last few months because of high credit interest rates. So paradoxically Iran war is slowing energy transition.