Current trends depict an irreversible momentum for a global energy transformation. Renewables have moved to the centre of the global energy landscape. Technological advances and falling costs have made renewables grow faster than any other energy source. Many renewable technologies are now cost-competitive with fossil fuels in the power sector, even before taking into account their contributions to the battles against air pollution and climate change. These trends are creating an irreversible momentum for a global energy transformation leading to shifts that will affect almost all countries and will have wide-ranging geopolitical consequences.
This report published by IRENA's Global Commission on the Geopolitics of Energy Transformation with support from the Norwegian Ministry of Foreign Affairs, the United Arab Emirates Ministry of Energy & Industry, and the German Federal Foreign Office looks into these developments from a foreign policy perspective.