The Geopolitics of Energy Transition: Opportunities for the Global South

Hung Q. Tran

No 2413, Policy briefs on Commodities & Energy from Policy Center for the New South

Abstract: In September 2024, scientists at the European Union’s Copernicus Climate Change Service reported that summer 2024 was the hottest on record globally, and the previous twelve months posted a average global temperature that was a record 1.64 degrees Celsius (2.95 degrees Fahrenheit) above the average during the pre-industrial period, 1850-1900. This was triggered by a combination of a warmer El Niño cycle and the effects of human-caused warming. While it will take more years of such scorching global temperatures to confirm that the world has failed to keep the temperature increase below 1.5 degrees Celsius, the currently hot weather has given a clear warning that efforts need to be significantly accelerated to meet the key target of keeping global warming below 2 degrees Celsius (3.6 degrees Fahrenheit), agreed at the COP21 in Paris in 2015. Exceeding the 1.5 degrees Celsius limit increase now appears to be unavoidable.

Date: 2024-11
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