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It's not a great time to be a country that relies on imports of oil and gas as the war with Iran disrupts global energy markets. But countries that have invested in technologies like solar energy, batteries, and electric vehicles are finding themselves less vulnerable to price shocks. Energy experts say renewables and EVs are also energy security solutions.
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California's cap-and-invest program works by placing a limit, or "cap," on greenhouse gas emissions and forces major polluters to buy allowances for greenhouse gas emissions.
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"This conflict will come to an end in the next few weeks, and we'll see a rebound in supplies and a pushing down of prices after that," Wright told ABC News' "This Week" on Sunday.
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