"8 out of 10 people live in countries that import fossil fuels so for most people in the world it's it's a huge benefit to have their own energy source." 11/
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"When you think about the geopolitical shake-up, US hegemony is coming to an end. We can see that insofar as currency and the petro dollar. What else do you see insofar as a new world order?" 20/
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"Energy determines geopolitics. Therefore, a new energy environment will mean a new geopolitical environment."
19/"The most interesting aspect of this shift to a new energy source is that it's led by China. So, it's clearly another pillar in the rise of China to greater global power." 21/
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"It's very notable then whilst the US has been going backwards under its current President, China has been moving forwards and has been implementing both leading these technologies but also they have a number of very clever policies." 22/
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"For example, the Belt and Road is a way of expanding Chinese path through land-based system." 23/
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"The Belt and Road is a series of infrastructure, transport, and energy initiatives whereby Chinese capital and Chinese expertise is going to a series of countries in order to expand their infrastructure links." 24/
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More context on the Belt and Road Initiative from wikipedia: https://en.wikipedia.org/wiki/Belt_and_Road_Initiative … 25/
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"Sea power has been intrinsic to the dominance of the US in order to protect fossil fuel transport. Now, if it's electricity which will be the dominant source of links and transmission of energy between countries, it will be land power." 26/
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"It's been quite impressive how China is using the Belt and Road to increase its land power to its neighbors." 27/
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"One error that's very, very often made is people will say, 'Well, we're a very long way from renewables being 100% of all energy, therefore when it's 100%, wake me up.' Well, of course, that's not how the world works. The world works on marginal change, basically." 28/
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"It's very notable that when we switched from wood to coal after 1800, coal doesn't become largest global energy source until 1905. But the whole of the 19th C was the working out of the consequences of the rise of those countries which exploited this new energy technology." 29/
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"So, if you are looking at the percentage share and thinking that's going to protect you from the transition, you are being delusional." That last sentence may be my favorite.
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