La guerra in Ucraina rafforza la spinta cinese verso la transizione energetica. Interessata anche la Belt and Road Initiative. E qui si punta sul gas di Mosca.
The war between Russia and Ukraine is triggering a global energy crisis that might push the “green” transition off track. However, tackling climate change was a tough challenge even prior to the conflict. In fact, achieving a successful energy transition not only requires financial resources, but also political and social consensus, as well as policies to mitigate negative short-term effects.
The world’s three largest greenhouse gas (GHG) emitters – China, the United States, and the European Union – are tackling climate change in their own ways, implying that convergence on climate strategies is not in sight. Differing approaches to emissions reduction, carbon border adjustments, and nuclear power spell geopolitical challenges.
The transition to low-carbon energy systems has the potential to shift geopolitical power, as it will create winners and losers across countries. The clean energy business is certainly lucrative for its winners: the IEA estimates that the transition would create a $1.2 trillion market for clean energy.
The MED This Week newsletter provides expert analysis and informed insights on the most significant developments in the MENA region, bringing together unique opinions on the topic and reliable foresight on future scenarios. Today, we turn the spotlight on the Iran nuclear talks, focusing on the consequences of the last-minute requests raised by Russia in this crucial moment of the negotiations.
It is no secret that, contrary to prior beliefs and expectations, the EU has substantially failed to break its dependence on Russian oil and gas exports. Today, the European Union still relies on Russia for approximately 45% of its gas needs, with some EU countries – such as Italy – being more vulnerable than others. However, Russia’s ongoing war against Ukraine is forcing Brussels to make difficult choices.
The tense diplomatic crisis sparked by Russia’s military buildup on the Ukrainian border has forced Europe to undergo soul searching in search of its common identity and security as fissures have begun to show during its standoff with Moscow. As the European Union considers taking strong diplomatic measures against a militarily defiant regime, member states fear the costs to their citizens as Moscow could respond by turning off the gas pipeline, throttling Europe of its supply of natural gas.
With a target of reducing greenhouse gas emissions by at least 55% by 2030 and becoming climate neutral by 2050, the European Green Deal sets out the response chosen by the EU and its Member States to tackle climate and environmental challenges.
Egypt’s situation in terms of sustainability is far from excellent. The ecological footprint per capita is already 4.5 times higher than the country's biocapacity. Furthermore, Egypt is highly vulnerable to the threat of climate change on multiple fronts, including rising sea levels, heat waves, and water scarcity. Increasing the pace of decarbonization and energy diversification with low-carbon resources is an urgent priority for the country to achieve a more sustainable future.
The Mediterranean is among the regions that are most affected by climate change. According to the Intergovernmental Panel on Climate Change (IPCC), the region will face a “heightened risk of water shortages, coastal flooding and exposure to potentially deadly extreme heat”, with temperatures growing faster than the global average, impacting sectors such as agricul
With vast renewable resource potential and economic incentives to embrace clean power, Algeria is well positioned to play a major role in the energy transition of North Africa and beyond. Algeria can leverage renewable energy deployment to incentivize economic development while reducing greenhouse gas emissions and improving its fiscal health.