Cause and Effect: Economic Transition and Implications for the Energy Mix

By Newsroom - Modern Diplomacy - December 25, 2024

The book contends that the transition is primarily economic rather than energy-related and is happening on a global scale, impacting the energy mix, food systems, and geopolitical/military dynamics. The author notes that the period from 2019 to 2022, characterized by the pandemic, war, reciprocal sanctions, and resentment from developing countries, defined the boundaries of major economic blocs. This era saw the increasing influence of Middle Eastern oil producers, China, and the evolution of the BRICS. The author argues that the Westphalian order (Peace of Westphalia, 1648), established in Europe in the 17th century after the Thirty Years’ War and extended globally after World War II, is now being challenged worldwide. 

The author links global demographic trends to the energy density provided by fossil fuels, which he describes as the “food for the machines” that drive global GDP, economy, and industry. This fundamental relationship is explored through three scenarios that examine the economic and social effects of the availability of energy sources. The book emphasizes the significance of each component of the energy mix, the factors influencing their costs, the current state of technology and research, and the 30 to 40 years required for the widespread adoption of innovative alternative technologies by consumers.

With this book, Yannis Bassias concludes a seven-year period of continuous presence in Greece, during which he delved into the energy issues of Europe and the Southeastern Mediterranean, including Greece. 

Cause and Effect: Economic Transition and Implications for the Energy Mix - Modern Diplomacy