Competitive international renewable energy measures will interfere substantially with the power imbalance of giant oil producers. Decarbonization of big economies will obviously lead to less demand for fossil fuels. This is the direct challenge to the very base of revenue and geopolitical control of old fashioned petro states who are dependent on oil riches.
This change has a great economic risk to countries which are not diversified. Nations whose economies rely a lot on oil in their budgets, as well as their stability, are in great predicament when there is no fast adjustment. The global move towards hydrocarbon abandonment essentially denies them the power of influence that was based on energy exports.
Leading petrostates are placing sovereign wealth in diversification and renewable works. Achieving the task of turning oil-based economies around needs massive capital as well as major political and structural challenges. Their future global status will greatly depend on how quickly and efficiently they will make this adoption.
The total and immediate downfall of the significance of oil is not realistic. Some cushioning is offered by constant demand in tougher to abate sectors and a slower switching in developing economies. This eases (but does not cancel) the geopolitical shift of epic proportions taking place.
The situation on the world power map will alter. Countries that take too long to change risk being seriously dilapidated. The influence will be acquired by diversified economies and renewable technology leaders. Alliances will be reforged and other energy security issues will arise and international relations involving access to fossil fuels will change.
Conclusion:
Reckless renewable energy will radically reawaken world power by undermining both the economic and geostrategic resources of the states and nations that rely on oil. Although the transition gives an opportunity to adapt, a failure to diversify will result in a massive relative backwardness. Countries with advanced technology in the production of clean power and a diversified economy will rise changing the global pecking order that was structured using fossil power. The change is unstoppable.
