The economic benefits of renewable energies: a geopolitical perspective

Gonzalo Escribano and Lara Lázaro‑Touza

Chapter 12 in Handbook on the Economics of Renewable Energy, 2023, pp 251-283 from Edward Elgar Publishing

Abstract: The transition towards a renewable regime implies a shift in geopolitical and geo-economic balances. This chapter seeks to analyse the international implications of renewables, as well as their linkages with climate geopolitics and the role of the main renewable powerhouses (China, the US and the EU). It also explores the new geographies of renewables and reviews the literature on their geopolitics. The chapter focuses on the bi-directionality linking geopolitics and renewables, which is key to assessing the geo-economic benefits of the latter. Geopolitics has an economic impact because it might make cross-border renewable cooperation economically prohibitive between rivals. However, the renewable regime is thought to be less conflict-prone and more cooperative, offering new opportunities for economic and political cooperation. The chapter concludes that this requires clear and transparent governance mechanisms to avoid replicating the governance and market failures of the fossil regime.

Keywords: Economics and Finance; Environment; Law - Academic; Politics and Public Policy (search for similar items in EconPapers)
Date: 2023
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