The report was launched by the Commission at IRENA’s ninth Assembly in the presence of ministers and senior policy makers from more than 150 countries.
Political and business leaders from around the world have outlined the far-reaching geopolitical implications of an energy transformation driven by the rapid growth of renewable energy. A report recently launched by the International Renewable Energy Agency (IRENA) says that the geopolitical and socio-economic consequences of a new energy age may be as profound as those which accompanied the shift from biomass to fossil fuels two centuries ago. In short, the consequences may include changes to relative positions of states, the emergence of new energy leaders, more diverse energy actors, changed trade relationships, and the emergence of new alliances.
The IRENA report – authored by the Global Commission on the Geopolitics of Energy Transformation – suggests that the energy transformation will change energy statecraft 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 renewables and increasingly integrate their electricity grids with neighbouring countries, new interdependencies and trade patterns will emerge.
Read more on Leonardo-Energy website.