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| Thu, 16th Apr 2020 17:09:00 |
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Renewables and geopolitics: Who will ‘win’ the energy transition? |
The losers in a world which no longer runs on fossil fuels are obvious but the dividend from shrugging off hydrocarbon dependency will be spread around most of the world so it is the nations which are winning the cleantech manufacturing and intellectual property race which appear best positioned for the future.
It is easy enough to pinpoint the geopolitical losers from a successful energy transition to renewables, with heavily hydrocarbon-dependent nations such as Brazil, Nigeria, Russia, Saudi Arabia and Venezuela at risk of crippling economic blows.
Picking winners in a clean energy world, however, is more tricky, according to the authors of a review of how the energy transition could shape global geopolitics.
Indra Overland and Roman Vakulchuk, from the Norwegian Institute of International Affairs, and Daniel Scholten, from Delft University in the Netherlands, have produced the paper Renewable energy and geopolitics: A review, published in Renewable and Sustainable Energy Reviews and on the ScienceDirect website.
The academics posit the idea multiple nations will enjoy a geopolitical windfall by freeing themselves from dependency on fossil fuel imports produced by an exclusive group of hydrocarbon-exporting nations. That alone, however, will not be enough to come out on top in a clean energy world.
Read original full article
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