Abstract
Fossil fuels have been at the center of the modern industrial economy since its inception. The Industrial Revolution went hand in hand with the discovery of new uses of carbon-based energy resources from coal to oil and natural gas. However, this is now quickly changing. As renewable energy resources such as wind, solar, and hydropower gradually displace fossil fuels, it is becoming clearer that the world economy is going through an energy transition, which is crucial for tackling global warming and pollution caused by fossil fuels. However, the implications of this energy transition go beyond its environmental effects. It has the potential to bring about serious economic, political and geopolitical consequences. This paper discusses how a renewable energy revolution might transform the world economy and redraw the geopolitical map.
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