Bloomberg reports that faced with energy poverty, costly fossil fuels, and cheap solar, developing economies are voting with their feet.
Energy is destiny. That’s an under-appreciated rule that applies across history, economics, and diplomacy. The countries with access to the best resources — whether the wind- and peat-powered 17th century Dutch Republic, coal-fired 19th century Britain, or the oil-fueled 20th century US — have always been good at dominating more energy-impoverished rivals. Those with an excess of domestic supply are... ...
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