4.4 • 796 Ratings
🗓️ 9 October 2020
⏱️ 19 minutes
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How will the energy transition transform geopolitics? Which countries will be the winners and losers?
The answers may not be as obvious as you might think - not at least according to Jason Bordoff, a former energy advisor to President Obama, and director of Columbia University's Center on Global Energy Policy.
In a long interview with Manuela Saragosa, he explains why the future may not be so bleak for oil producers, how the transition could be bumpy and last decades, and why even once the world has finally weaned itself off fossil fuels, a future energy based on clean renewable energy could bring a whole new series of risks with it.
Producer: Laurence Knight
(Picture: Old oil tankers; Credit: timnewman/Getty Images)
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0:00.0 | Hello and welcome to Business Daily from the BBC. I'm Manuel Zaragoza. In this edition, |
0:07.0 | a clean energy world. What might it look like? |
0:09.9 | You won't have the same sort of global dominant players in a clean energy economy from a geopolitical |
0:15.5 | standpoint. It's going to be a world that's much more electrified, also probably more digitized. |
0:20.2 | It sounds great, but getting there could take decades and could prove to be a very bumpy ride. |
0:26.3 | That's coming up here in Business Daily from the BBC. |
0:33.1 | The climate is changing. |
0:35.5 | The issue is what's the cause and what do we do about it? |
0:40.2 | President Trump has made it clear that we're going to continue to listen to the science. |
0:43.6 | Climate change was high on the agenda this week in the vice presidential debate between Mike Pence there and the Democrat contender, Kumala Harris. |
0:51.4 | Let's talk about who is prepared to lead our country over the course |
0:55.7 | of the next four years on what is an existential threat to us as human beings. Joe is about saying |
1:02.1 | we're going to invest that in renewable energy, what's going to be about the creation of millions of |
1:05.7 | jobs. Joe has a plan. Scientists don't doubt that tackling climate change involves weaning the world off |
1:12.3 | its dependence on polluting fossil fuels like oil. And the transition to that kind of zero carbon |
1:18.8 | future will have profound implications on who holds power in the world. Jason Bordoff knows all about |
1:24.6 | that. He's a former senior director of staff at the U.S. National Security Council. |
1:29.3 | He's also a former special assistant to President Obama and now the founding director of the Center for Global Energy Policy at Columbia University. |
1:38.7 | We have certainly seen, yes, that countries who are rich in natural resources derive some measure of geopolitical influence. |
1:46.3 | I think we should be clear about where that comes from and how it comes about. |
1:49.3 | And I do think it was different several decades ago where countries were dependent on long-term contracts between buyer and seller. |
1:55.7 | If the seller were to hold back supply, it would create shortages. |
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