The World Commission on the Geopolitics of Energy Transformation in its report ‘A New World‘ exposes how the new era of renewable energies will change the power relations between countries, readjusting the forces of power, security, energy independence, and prosperity.
According to the study, the geopolitical consequences of the energy transformation of this new era that is about to begin can be as profound as those that occurred with the passage of biomass to fossil fuels two centuries ago, such as changes in the relative position of the states, the emergence of new energy leaders, more diverse energy actors, different commercial relationships and the birth of new alliances.
The transformation of the energy sector will change the landscape as we know it. Unlike fossil fuels, renewable energy sources are available in one form or another in most geographic locations. This abundance will strengthen energy security and promote greater energy independence for most states. At the same time, as countries develop new renewable projects and increasingly integrate their electricity grids with neighboring countries, new interdependencies and business patterns will emerge.
The energy transformation will also create new energy leaders. For example, China has improved its geopolitical position of energy transformation, taking the lead in this race to become the largest producer, exporter, and installer of solar panels, wind turbines, batteries and electric vehicles in the world. In our case, in Spain, we have clearly accelerated along the way with the Law on Climate Change, the Ecological Transition, and the Renewable Energy Directive, but we still have a long way to go.
With energy at the heart of human development, renewables can help provide universal access to energy, create jobs, boost sustainable economic growth, improve food and water security and improve sustainability, climate resilience, and equity.
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Source: El periódico de la energía.
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