Former energy advisor to President Obama, Jason Bordoff, discusses the geopolitics of the energy transition, highlighting the challenges and complexities of shifting towards clean energy. He explains why the future may not be bleak for oil producers, the bumpy transition ahead, and the risks of a renewable energy-based future.
Transition to clean energy will reshape global geopolitics.
Challenges in stable electricity grid and cybersecurity in electrified world.
Deep dives
Transition to Clean Energy Economy
The podcast discusses the transition to a clean energy economy and how it may reshape global geopolitical dynamics. The move towards clean energy is envisioned to bring about a more electrified and digitized world. Transitioning from fossil fuels to renewable energy sources is emphasized as essential in tackling climate change and creating millions of new jobs.
Geopolitical Implications of Energy Transition
The podcast highlights the geopolitical implications of the energy transition, particularly focusing on the changing landscape of power dynamics among oil-producing nations. Countries like Saudi Arabia and Russia, with their unique positions in the global oil market, are examined in terms of their ability to influence prices and production levels. The shift towards clean energy sources is expected to alter the traditional dominance of certain nations in the energy sector.
Challenges and Opportunities in the Energy Transition
The podcast delves into the challenges and opportunities presented by the energy transition, including the impact on oil demand, production, and prices. It explores the potential for temporary price spikes in oil markets due to shifts in demand and investments. Additionally, the podcast raises questions about the future stability and resilience of the electricity grid in a more electrified world, while also considering cybersecurity risks and grid disruptions.
How will the energy transition transform geopolitics? Which countries will be the winners and losers?
The answers may not be as obvious as you might think - not at least according to Jason Bordoff, a former energy advisor to President Obama, and director of Columbia University's Center on Global Energy Policy.
In a long interview with Manuela Saragosa, he explains why the future may not be so bleak for oil producers, how the transition could be bumpy and last decades, and why even once the world has finally weaned itself off fossil fuels, a future energy based on clean renewable energy could bring a whole new series of risks with it.
Producer: Laurence Knight
(Picture: Old oil tankers; Credit: timnewman/Getty Images)
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