This program note explains NRGI's understanding of the challenges that the global move toward renewable energy presents to resource-rich countries, and previews related future programming.
The energy transition—the shift from the use of fossil fuels to cleaner energy in order to avoid climate-related disaster—is imperiled by three trends in resource-rich countries:
1. As the energy transition gathers pace, most oil and gas producers are doubling down on extracting fossil fuels
3. Countries with the critical minerals needed to make electric vehicle batteries and other clean technology are underprepared for coming production booms
Resource-rich countries have opportunities to break cycles of poor decision-making and build more resilient economies. NRGI will support resource-rich countries to manage the risks of dependence on oil, gas and minerals; navigate domestic energy transitions; and improve the governance of critical minerals.