New energy order in deglobalization

Although we are already behind the pandemic and the war in Ukraine has taken us far, I feel afraid of the staff, prominent political and economic leaders are worried about globalization. Putin’s war in Ukraine is a serious symptom of the slowdown in globalization, the last for now. The efforts to create a new world energy order that directs the internal connections of the global village do not stop environmental pollution. Contractions in production and expansion in prices lead us to recession -stagflation- and inflation. A bad birth that we hope doesn’t end in an abortion.

Europe cannot depend on Russian gas, American technology or Arab oil, Asian labor and microchips; on the contrary, oil producers fear losing their geopolitical influence before the energy transition is complete; China does not want to be dependent only on Western markets or their cheap labor. De-globalization promotes autarkic world regions in production, trade, military alliances, defense spending and above all energy. The need to reduce carbon emissions has gradually restructured the global energy order, and the war in Europe highlights the need to achieve energy security without chasing climate change containment.

Europe and other parts of the world are seeing demand for fossil power generation decline as solar and wind power increases its production and future generation and storage in hydrogen batteries. The world now uses much less energy per unit of gross domestic product; Both Russia and OPEC have limited oil and gas outputs to protect and raise prices. Faced with high prices in Europe and America, China, India and other countries have once again increased their coal production, which is still cheaper despite rising prices, but violating environmental targets.

“Neoliberal globalization has died as a victim of COVID-19. “The pandemic has made social problems more visible, from precarious jobs to marginalization, demonstrating the need for public service intervention,” he said. INFORMATION (2-X-2021). The monopolistic resistance of the fossil energy producers and Putin’s war has divided the globalization process into regions of the world with an autarkic mission. After Brexit, COVID, the Trump presidency and the occupation of Ukraine, the European Union has lent to stimulate the economic recovery, the Green Deal and Next Generation investments have revived the role of public administrations in organizing their own resource-based economy. energy; migrations, the asylum system and the rule of law as priorities; and the EU’s defense and foreign policy is now inevitable. G-8 downgraded to G-7; A divided G-20, a scaled-down Summit of the Americas, and the Security Council, hindered by vetoes, demanded that Europe’s political unity be accelerated, even in the swift and unified imposition of sanctions on Russia, despite Orbán’s Hungary. few years ago. In this context, Morocco and Algeria will have to define themselves if they want to continue to be partners of the European Union as a regional entity.

“Failures” in the energy market, where prices are rising despite decreasing demand, require greater intervention by governments and above all by supranational organizations to ensure energy security, including food security at its weakest; and also to avoid the worst effects of climate change. Identifying and building the infrastructure necessary for the energy transition, including ensuring the supply of “rare earths” of the 17 chemical elements used in the manufacture of technological products and weapons, is something the private sector cannot do on its own. It won’t even ship gas from the peninsula to Germany and Central Europe. France seems open to restarting the gas pipeline, called Midcat, which could also serve to channel hydrogen in the future. It even accepts electrical interconnects. The energy order at the door relies on the intervention of governments and supra-state organizations on an unprecedented scale.

Globalization is being broken by energy, but it makes it necessary to unite and strengthen global regional formations that seek to guarantee greater strategic autonomy.

Source: Informacion


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