Chapter 3 Geopolitics of the Energy Transition

Abstract

The global energy scenario is undergoing an unprecedented transition. In the wake of enormous challenges—such as increased population, higher energy demands, increasing greenhouse gas emissions, depleting fossil fuel reserves, volatile energy prices, geopolitical concerns, and energy insecurity issues—the energy sector is experiencing a transition in terms of energy resources and their utilization. This modern transition is historically more dynamic and multidimensional compared to the past considering the vast technological advancements, socioeconomic implications and political responses, and ever-evolving global policies and regulations. Energy insecurity in terms of its critical dimensions—access, affordability, and reliability—remains a major problem hindering the socioeconomic progress in developing countries. The Handbook of Energy Transitions presents a holistic account of the 21st-century energy transition away from fossil fuels. It provides an overview of the unfolding transition in terms of overall dimensions, drivers, trends, barriers, policies, and geopolitics, and then discusses transition in terms of particular resources or technologies, such as renewable energy systems, solar energy, hydropower, hydrogen and fuel cells, electric vehicles, energy storage systems, batteries, digitalization, smart grids, blockchain, and machine learning. It also discusses the present energy transition in terms of broader policy and developmental perspectives. Further, it examines sustainable development, the economics of energy and green growth, and the role of various technologies and initiatives like renewables, nuclear power, and electrification in promoting energy security and energy transition worldwide. Key Features Includes technical, economic, social, and policy perspectives of energy transitions Features practical case studies and comparative assessments Examines the latest renewable energy and low-carbon technologies Explains the connection between energy transition and global climate change