A new age of energy will alter the distribution of power, a report from the International Renewable Energy Agency says.
The report states the effect of the rapid growth in renewable energy on geopolitics and socio-economics may be as significant as the impact of fossil fuels two centuries ago.
This could mean the redistribution of power, the formation of new alliances and lead to the emergence of new energy leaders. The transformation, the report says, will “change energy statecraft as we know it”.
“Fundamental changes are taking place in the energy system that will affect almost all countries and will have wide-ranging geopolitical consequences,” the report says. Continue reading “Renewable energy shift ‘could change distribution of power’”