Deep Dish on Global Affairs
Energy Insecurity: Where Climate Change Meets Geopolitics
Oct 5, 2023
Energy expert Jason Bordoff and geopolitics specialist Meghan O'Sullivan discuss the complexities of energy insecurity in the context of climate change and geopolitics. They explore the challenges of the global energy transition, the risks of energy insecurity on clean energy efforts, the importance of diversifying critical minerals and supply chains, and the need for a broader approach to tackling climate change through cooperation and partnerships.
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Quick takeaways
- Diversification of critical mineral supply chains is crucial for the clean energy transition, considering the increasing demand for minerals and China's dominance raises concerns about vulnerability and geopolitical influence.
- Transitioning to renewable energy sources requires grid flexibility to handle their intermittent nature, and managing this transition requires scaling up renewable energy deployment, synchronizing investment in supply and demand, and strengthening grid infrastructure.
Deep dives
Challenges of the Global Energy Transition
The global energy transition from fossil fuels to non-carbon sources is not going to be a smooth and incremental process, and it will create new geopolitical challenges. Remaking the entire energy system, involving changes in how we use, store, transport, and generate energy, is a massive undertaking that needs to be accomplished within a generation. Transitioning to a clean energy economy also requires addressing energy security concerns and ensuring popular support for expensive changes. The transition poses risks of supply-demand imbalance, price volatility, and geopolitical leverage for traditional fossil fuel producers.
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