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The availability of renewable energy is an important factor for future investment decisions in the chemical and steel industry. This is a key finding of our survey of 300 decision-makers from the chemical and steel industry. 92 per cent of the respondents anticipate that their company will relocate facilities as it seeks to decarbonize production. In addition to low-cost renewable energies, the respondents identify political support as a key factor in investment location decisions.

Researchers in the ISIGET project examined possible future scenarios for the energy transition in four country case studies in the Global South. Their aim was to identify leverage points and fields of action to advance their pathways into a sustainable and secure energy future.

Looking at global energy transition processes, we were keen to find out how countries of the Global South fare in their energy transitions and what factors influence these developments. To find out, we did a deep dive into stakeholder-based scenario building and conducted country case studies in four different global regions. What considerations are important when constructing scenarios and what was the role of stakeholders in the process?

The UN Climate Change Conference (COP26) in Glasgow is an important meeting for all countries. Research conducted at the Institute for Advanced Sustainability Studies (IASS) tackles many of the issues addressed in the negotiations. Some of our researchers attended the Climate Conference in person or virtually. We share some of their observations here.

The corona crisis is not only threatening our health; it’s also shaking our economic systems to the core. A fall of global stock markets by as much as35 per centin the first quarter of this year means that a recession is imminent. The energy sector is also affected, with the price of oil plummetingand renewable energies also facing difficulties. Coronavirus infections, prolonged curfews, short-time work, and border closures are all affecting the supply chains of wind and solar energy technologies. Investment has all but dried up. In this situation we can learn from the experience of tackling previous economic crises and should opt for a “green” stimulus package in a three-step government programme of relief, recovery and reform. To accelerate and bolster the energy transition, all of the measures implemented in these three steps need to be scrutinised for their long-term viability.

Follow developments at the UN Climate Change Conference in Madrid in the IASS liveblog!

Several countries’ national determined contributions (NDCs) highlight climate finance as a precondition for the ambitious action needed to achieve development paths compatible with limiting global warming to 1.5°C in 2100. Many hopes have been pinned on new market mechanisms in this context, but the trade-offs demanded by carbon trading schemes continued to be hotly debated at the UNFCCC last week, not least due to their political and economic implications.

Exhibiting the fastest growth among all fuels in the electricity sector, renewables are about to fundamentally change the energy system. This change is hoped to bring about important social and economic co-benefits, including sustainable and affordable energy for all, green job opportunities, and increased human health and wellbeing. But there may also be some fundamentally political implications of the low carbon shift. This is what a high level group of global leaders was tasked to look into, the result of which was published in their recent report titled A New World The Geopolitics of the Energy Transformation, published by IRENA, the international renewable energy agency.