A joint World Energy Council-A.T. Kearney study provides a comparative analysis of key countries and highlights implications for the international energy debate.
The global energy sector faces fundamental structural changes, or energy transitions. Economies large and small find themselves forced to adapt as new sources of energy, new business models, and popular demand for environmental sustainability emerge. Some of the necessary adaptations grow out of market innovations but most are the result of governmental policy, designed to meet specific needs. Economies as diverse as Brazil, China, Germany, Saudi Arabia, South Africa, and the United States have differing priorities when setting energy policy. All seek to secure energy supply, but while China struggles to expand its capacity to keep pace with growing demand, Germany responds to declining public acceptance of nuclear power, and the United States looks to reduce its need for energy imports. This study examines the methods, priorities, successes, and failures of these six economies as they deal with fundamental energy transitions, and universalizes the lessons into learnings that can be applied the world over.