More Info:
Important words:
geopolitics
comparative advantage: ability to produce a good or service with a lower opportunity cost than a competitor/trading partner
energy transition framework (chart) - when do renewables overtake fossil fuel consumption
Peter - what are we transitioning away from? What is there at stake in terms of geopolitics?
The US is the largest producer of fossil fuels
~21 US tariffs on import of polysilicone + solar panels manufactured using them based on forced labor camps → for the first time in a long time, price of solar panels went up in the US
The US will have an ambassador to the arctic soon
“Arctic Council”
US is usually reactive with global policy - except for some of the new stuff