economy
March 13, 2026
Do we want to keep fixing the same issue? Unlearned lessons from the first big oil crisis
As energy prices tripled in the 1970s due to Middle Eastern wars, Scandinavia, France and the Netherlands sped up green transition
TL;DR
- The 1970s oil crisis prompted France, Scandinavia, and the Netherlands to invest in nuclear power, renewable energy, energy efficiency, and cycling infrastructure.
- These past investments reduced dependence on fossil fuels and autocratic regimes, but similar lessons appear unlearned as Europe currently prioritizes gas diversification over deep decarbonization.
- Denmark became a leader in wind power through government subsidies and feed-in tariffs, creating a market for turbine manufacturers like Vestas.
- The Netherlands implemented car-free Sundays and built extensive cycling infrastructure, shifting societal norms away from car dependence.
- France rapidly expanded its nuclear power program under the Messmer plan, prioritizing energy independence and industrial modernization.
- Nordic countries invested in district heating systems, utilizing waste heat and biomass, improving energy efficiency and reducing oil dependency.
- Experts argue that reducing fossil fuel dependency is the only way to ensure stable energy prices and avoid geopolitical constraints, advocating for government support to create demand for green technologies.
- The historical examples show that government commitment and financial incentives are critical for the successful large-scale deployment of new technologies to combat climate change.
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