Some countries are better positioned than others to make the transition to a renewable energy future. India is investing heavily in the installation of wind turbines throughout the country.
Some countries are better positioned than others to make the transition to a renewable energy future. India is investing heavily in the installation of wind turbines throughout the country. iStock/Donyanedomam

Headline: Investigating the Systemic Impacts of the Global Energy Transition

The global energy transition brings with it fundamental and systemic changes that are transforming value chains and trade and financial flows. As this process unfolds, each country faces its own unique challenges. With fossil raw materials set to lose value within the foreseeable future, resource-rich countries will have to address the threat of "stranded assets". The countries of the Global South, on the other hand, must make up lost ground in the field of low-carbon technologies. Meanwhile, outside the OECD, investment in renewable energy infrastructure is concentrated in just a handful of countries, including China, India and Brazil. In a nutshell: Some countries are better positioned than others to make the transition to a renewable energy future.

Among other issues, the research group Systemic Implications of the Global Energy Transition addresses the following questions: What challenges must countries in the Global South, in particular, overcome as they transition towards low-carbon economies? What risks does the global energy transition present for countries less able to access capital? What conditions are necessary to facilitate the transfer of low-carbon technologies and drive economic value creation? What role can international initiatives play in this process, and what can be learned from other sectors, such as pharmaceuticals and digital innovation? How do decarbonisation pathways interact with geo-economic and geo-political issues in general, and economic and security ambitions in particular? The researchers are also investigating how various risks can be mitigated, obstacles avoided, and "transformation dividends" fairly distributed. To this end, they apply a transdisciplinary, multi-methodological approach that encompasses scenarios, quantitative analyses and qualitative national case studies."