The geopolitics of renewables: New board, new game

Scholten, Daniel; Bazilian, Morgan; Øverland, Indra; Westphal, Kirsten

doi:10.1016/j.enpol.2019.111059

Cited by 92 publications

(52 citation statements)

References 23 publications

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“…However, it has been the research traditions of international relations, international political economy and policy studies that have led the way, rather than geographical political economy. There is, for example, rapidly emerging new work on the geopolitics of energy system transformation that considers the geopolitics of renewables and incumbent fossil fuel producers (and consumers) in the context of growing carbon constraints (Bazilian et al., 2020; Overland et al., 2019; Scholten et al., 2020; Scholten and Bosman, 2016; Vakulchuk et al., 2020). Consequently, research on the political economy of transition has continued for the most part to focus on the national state as the primary spatial unit, via a focus on logics of inter-national competition, collaboration and coordination (but see Kuzemko, 2019).…”

Section: Geographical Political Economy and The Geographies Of Energymentioning

confidence: 99%

New energy spaces: Towards a geographical political economy of energy transition

Bridge

Gailing

2020

Environ Plan A

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Section: Geographical Political Economy and The Geographies Of Energymentioning

confidence: 99%

New energy spaces: Towards a geographical political economy of energy transition

Bridge

Gailing

2020

Environ Plan A

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“…This connects institutions to geopolitics, in which the strategic realities, policy considerations, and energy-related cooperation and conflict patterns between the countries play significant roles (Table 4) 21–24. As discussed in this paper, Turkey’s strategic realities about energy necessitate the government of Turkey to increase its domestic electricity generation preferably from renewable sources.…”

Section: The Role Of An Integrated Energy Market On the Regional Environmentmentioning

confidence: 93%

“…The growing literature on the geopolitics of renewable energy questions how geographic and technical features of renewable energy influence international or bilateral energy relations 21–24. Because of its geographical position, Turkey shares electricity interconnections and river basins both with the EU member and non-member European countries.…”

Section: Introductionmentioning

confidence: 99%

Turkey’s energy trade relations with Europe: The role of institutions and energy market

Sakal

2020

Energy & Environment

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Globally, the level of electricity grid interconnectedness between neighboring countries varies depending on the level of regional cooperation enabled by institutions. As suggested by previous research, in transboundary river basins, this variation affects the environment and the management of transboundary waters. In regions where all electricity utilities are connected and function at a synchronized frequency, and where integrated electricity market mechanisms function, the stress on the shared water resources tends to be less. Turkey shares river basins and power transmission lines in Europe both with the members of the European Union (EU) and with non-member states. The aim of this paper is to contribute to the literature on the geopolitics of renewable energy by comparing the level of Turkey’s electricity trade integrity with its EU-member European neighbors and with its non-EU-member neighbors and discuss the potential impacts of the transboundary electricity trade on the environment and the shared water resources. The main argument in this paper is that the higher level of electricity trade between Turkey and its EU-member neighbors is facilitated and boosted by Turkey’s membership to the European Network of Transmission System Operators for Electricity (ENTSO-E). The higher level of electricity interconnection leads to a higher level of cooperation in water and environment issues in the shared river basins between Turkey and Europe through the facilitating role of established institutions.

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“…Second, if pension funds were to divest from fossil fuels, where do they reinvest the freed capital? Renewables sound like a solid alternative, but reallocating this immense financial capital to other sectors could also bear significant adverse ecological (and social) consequences [81]. In an analogous case in the Global Environment Outlook in 2019, scholars stressed that ecological damage is quickly approaching its tipping point even with 'sustainable' agricultural practices.…”

Section: Conclusion and Policy Implicationsmentioning

confidence: 99%

Conflicting commitments? Examining pension funds, fossil fuel assets and climate policy in the organisation for economic co-operation and development (OECD)

Rempel

Gupta

2020

Energy Research & Social Science

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The 2015 Paris Agreement on Climate Change implicitly calls for leaving 80% of coal, 50% of gas and 33% of oil reserves underground. This paper studies the scarcely addressed relationship between investors like pension funds and climate policy implementation by addressing the question: what is the extent of pension fund investments in the fossil fuel sector, what is the range of actions that pension funds take to address environmental issues, and what does this suggest about pension fund commitments to ambitious climate targets through leaving fossil fuels underground? A small sample of pension funds alone manages at least €79 billion in liquid fossil fuel assets, suggesting that OECD pension funds may jointly manage between €238-828 billion. Sustainability reports reveal that pension funds engage in five actions to implement climate policies: 1) divestment; 2) direct engagement; 3) carbon footprint calculations; 4) investing in 'green' alternatives; and 5) engaging in climateoriented coalitions. However, their use of these actions is so far ineffective and counterproductive to taming the fossil fuel sector. Pension funds are not fully committed to leaving fossil fuels underground, which de facto renders them not yet committed to meeting ambitious climate targets. Forthcoming policies must target investors like pension funds to improve the prospects of meeting such targets and protect vulnerable countries from inheriting the risks of stranded assets.

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The geopolitics of renewables: New board, new game

Cited by 92 publications

References 23 publications

New energy spaces: Towards a geographical political economy of energy transition

New energy spaces: Towards a geographical political economy of energy transition

Turkey’s energy trade relations with Europe: The role of institutions and energy market

Conflicting commitments? Examining pension funds, fossil fuel assets and climate policy in the organisation for economic co-operation and development (OECD)

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