The Energy Transition and Its Macroeconomic Effects

Americo Alberto (), Johal Jesse and Upper Christian
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Americo Alberto: 30225 Bank for International Settlements , Basel, Switzerland
Johal Jesse: Independent Scholar, Kelowna, Canada
Upper Christian: 30225 Bank for International Settlements , Basel, Switzerland

The Economists' Voice, 2024, vol. 21, issue 2, 249-274

Abstract: The energy transition will have profound and varying effects across the globe. We provide an evidence-based qualitative analysis and assess how clean technologies are evolving – mainly wind, solar and electric vehicles – and the challenges and opportunities the transition poses for fossil fuel and metals and minerals producers in the short and long term. We describe the likely macroeconomic consequences of the energy transition and identify the countries that are most positively and negatively exposed. A small number of fossil fuel-producing countries are likely to be severely hit. Meanwhile, a concentrated group of minerals producers should experience large net benefits. Fuel importers – that is, most of the world – should benefit to varying degrees.

Keywords: energy transition; transition risks; macroeconomics (search for similar items in EconPapers)
JEL-codes: O30 Q30 Q40 Q50 (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1515/ev-2023-0062

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