De-risking, decoupling, and the consequences for net zero
07-Dec-2023
Global Energy Forum at COP28 - As the world pursues a net-zero energy system, geopolitics are dividing the global economy into rival camps. Relations between the United States and China continue to sour, introducing ruptures to clean energy supply chains. Meanwhile, sanctions against Russia are creating parallel markets between the Global North and South. Policymakers in the democratic world are at a crossroads, between ambitions to “de-couple” new energy supply chains in the name of security, and a more moderate philosophy to “de-risk,” which seeks to diversify supply chains and re-shore certain critical industries. This session will address the relationship between the United States, China, Russia, and the rest of the world, and the trade-offs associated with these two approaches.
ORIGINAL AIRDATE: 12/07/23