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Research Paper | Energy Engineering | India | Volume 13 Issue 11, November 2024 | Popularity: 4.6 / 10
Geopolitics of Energy Transition: The Role of Renewables in Shaping Power Dynamics
Vansh Pandey
Abstract: The global energy transition towards renewables is not just a technological shift, but a fundamental transformation of the geopolitical order. As nations increasingly adopt renewable energy sources like solar, wind, and hydroelectric power, the traditional energy export - reliant countries face significant challenges. These challenges are compounded by the shifting center of gravity towards resource - rich renewable players, including those controlling critical minerals for renewable technologies, such as lithium and cobalt (Balmford et al., 2022). This paper examines how renewable energy adoption is altering the energy geopolitics by exploring the strategies of oil and gas - dependent nations, the geopolitical rise of countries abundant in renewable resources, and the emerging power dynamics that are shaping global energy security (Sovacool, 2021). The transition presents both opportunities and risks. On the one hand, renewables offer a sustainable pathway for reducing carbon emissions and achieving energy security; on the other hand, it poses new challenges, including the security of energy infrastructure (e. g., grid cyberattacks) and the management of supply chains for critical minerals (Miller et al., 2023). For instance, China's Belt and Road Initiative (BRI) plays a crucial role in investing in global energy infrastructure, which impacts the energy strategies of countries, especially in Africa (Zhao et al., 2021). Similarly, the European Union's Green Deal provides a comprehensive framework for decarbonization, but also raises concerns around green protectionism and energy trade conflicts (EU Commission, 2020). The paper discusses these issues through case studies of energy - exporting nations, such as those in the Middle East, and examines the global rise of renewable energy cooperation mechanisms, including the International Solar Alliance (ISA). Furthermore, the study highlights the critical importance of multilateral cooperation in achieving a just and equitable energy transition, focusing on sustainable development and energy security (IEA, 2021). The paper concludes by proposing strategies for strengthening international collaboration, addressing energy inequities, and fostering technological innovation to ensure a smooth, fair, and secure global energy transition.
Keywords: Decarbonization strategies, Net - zero targets, Energy justice, Hydrogen diplomacy, Green energy investments, Climate finance
Edition: Volume 13 Issue 11, November 2024
Pages: 1453 - 1455
DOI: https://www.doi.org/10.21275/SR241121153044
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