Russia's invasion of Ukraine and the subsequent stringent sanctions that have been levied on Russia have led to skyrocketing energy prices around the world. With OPEC and its oil-producing partners rebuffing President Biden's calls for increased production, we are once again reminded that the geographical distribution of energy resources, concentrated in regions such as the Persian Gulf, Caspian Basin, and the Gulf of Mexico, profoundly shapes patterns of international trade, wealth, and political development. On the other hand, the increasingly evident climate crisis and the international agreements that aim to address it, most notably the Paris climate agreement, are leading most countries to commit to green energy, and reduce their fossil fuel use. These fundamental changes will have wide-ranging geopolitical and economic consequences as power shifts away from fossil fuels. Moreover, the new geopolitics of energy will be increasingly determined by issues such as access to green technologies, rare earth materials, power lines, and storage capacity.
Join us to explore how the green energy transformation will shift the world’s geopolitics and power dynamics with Dr. Robert J. Johnston, Special Advisor on Energy and Climate to Eurasia Group & Mr. Reid Morrison, Global Energy Advisory Leader & Principal at PwC United States.
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