The global energy transition presents complex and unique challenges that must be addressed for a sustainable and secure energy future. The Scotia Group and RAND Europe convened a series of Majlis Dialogues to help better understand how policies, investments and international cooperation can help overcome these challenges. Key themes from the dialogues and subsequent discussions formed a roadmap of principles to inform a global energy transition.

A roadmap for the global energy transition

Cecilia Ang, Hans Pung, Magdalena Douleva

ResearchPublished Nov 2, 2023

The global energy transition presents a complex set of unique challenges that must be addressed to achieve a sustainable and secure energy future. To better understand how policies, investments and international cooperation could help to overcome these challenges, the Scotia Group and RAND Europe jointly convened a high-level series of Majlis Dialogues to debate and highlight ideas and potential solutions that can help push forward the energy transition efforts, and to facilitate the required policy sequencing for its global implementation. From these dialogues and subsequent discussions, four key themes emerged, which provide an outline roadmap of principles to inform a successful global energy transition in all its aspects.

Key Findings

  • The global energy transition needs to use a holistic, systems-based approach.
  • We need to understand and prepare for the energy transition from a technology and infrastructure perspective.
  • The developing world faces particular challenges around access to energy transition finance; recapitalised and empowered multilateral development banks can play a key role in mitigating these.
  • Political will and geopolitics will ultimately determine the success of the energy transition.

Topics

Document Details

Citation

RAND Style Manual
Ang, Cecilia, Hans Pung, and Magdalena Douleva, A roadmap for the global energy transition, RAND Corporation, CF-A3045-1, 2023. As of October 10, 2024: https://www.rand.org/pubs/conf_proceedings/CFA3045-1.html
Chicago Manual of Style
Ang, Cecilia, Hans Pung, and Magdalena Douleva, A roadmap for the global energy transition. Santa Monica, CA: RAND Corporation, 2023. https://www.rand.org/pubs/conf_proceedings/CFA3045-1.html.
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