China Is Set To Become The World’s Renewable Energy Superpower, According To New Report
The continuing growth in renewable energy around the world is set to boost the power of China while undermining the influence of major oil exporters such as Russia and Middle East states like Saudi Arabia, according to a new report on the geopolitical implications of the changing energy landscape.With a leading position in renewable energy output as well as in related technologies such as electric vehicles, Beijing now finds itself in an influential position which other countries may struggle to counter.
“No country has put itself in a better position to become the world’s renewable energy superpower than China,” says the report, which was issued by the Global Commission on the Geopolitics of Energy Transformation – a group chaired by a former president of Iceland, Olafur Grimsson.
The commission was set up by the International Renewable Energy Agency (IRENA) last year and its findings were published on January 11 in Abu Dhabi, at IRENA’s annual assembly.
The report argues that the geopolitical and socio-economic consequences of the rapid growth of renewable energy could be as profound as those which accompanied the shift from biomass to fossil fuels two centuries ago. The changes are likely to include the emergence of new energy leaders around the world, changing patterns of trade and the development of new alliances. It could also spark instability in some countries which have grown dependent on oil and gas revenues.
Posted by admin
on Jan 22 2019. Filed under Renewable energy.
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