Energy geopolitics has become a central issue in today’s world, and it is especially important in the era of sustainability, where the struggle for power and influence in global energy markets is intensifying. In this article, we will examine the new world order taking shape in the energy arena, with a particular focus on the 2030 Agenda for 30 Sustainable Development Goals and the struggle for supremacy between the US dollar and the Chinese yuan.

Plan 30 sustainability goals 2030

In September 2015, United Nations member states adopted the 2030 Agenda of 30 Sustainable Development Goals, a global action plan to eradicate poverty, protect the planet and ensure prosperity for all. The Agenda sets out 17 goals and 169 targets to be achieved in the coming years, with a focus on economic, social and environmental sustainability.

One of the key goals of the Agenda is number 7: Affordable and clean energy. The goal seeks to ensure access to affordable, reliable, sustainable and modern energy for all, while reducing greenhouse gas emissions and promoting innovation and energy efficiency.

In order to achieve this goal, steps must be taken to increase the share of renewable energy sources in the global energy mix, reduce dependence on fossil fuels and improve energy efficiency in all sectors. It is also important to encourage international cooperation for the exchange of technology and knowledge and to support the development of cleaner and more efficient energy systems around the world.

Fossil fuel energy and its impact on sustainability

Although the 2030 Agenda of 30 Sustainable Development Goals aims to reduce dependence on fossil fuels, they still represent a large part of the global energy matrix. Fossil fuels such as oil, gas and coal are the main source of energy for most countries and are often used to generate electricity and drive vehicles and machinery.

However, the use of fossil fuels has a significant impact on sustainability, as they emit large amounts of greenhouse gases that contribute to climate change and affect air and water quality. In addition, the extraction, production and transportation of fossil fuels can cause serious environmental and social impacts, such as deforestation, water pollution and human rights violations.

Therefore, it is important to move towards a more sustainable energy future and reduce dependence on fossil fuels. This implies increasing investment in renewable energy and clean technologies, improving energy efficiency and promoting the transition to more sustainable transport systems, as well as public policies aimed at strengthening climate justice.

The struggle for supremacy between the US dollar and the Chinese yuan

Another key aspect of the new world energy order is the struggle for supremacy between the US dollar and the Chinese yuan. For decades, the dollar has been the dominant currency in international energy markets, used for most oil and gas transactions globally. However, in recent years China has actively worked to challenge the hegemony of the dollar and promote the yuan as a viable alternative.

In 2017, China launched its own oil exchange, the Shanghai International Energy Exchange, which allows investors to buy and sell crude oil in yuan. In addition, China has signed agreements with several countries, including Russia and Iran, to use the yuan in oil and gas transactions. These moves are seen as China’s strategy to diversify its international reserves and reduce its dependence on the US dollar.

Nevertheless, the United States remains the world’s leading producer of oil and gas, and its economy remains the largest in the world. In addition, the dollar remains the world’s reserve currency and is widely accepted in international markets. Therefore, it is unlikely that the yuan will soon replace the dollar as the dominant currency in energy markets.

Conclusion

In conclusion, the new world energy order is being shaped by a number of factors, including the 2030 Agenda of 30 Sustainability Goals, the fight for sustainability and the transition to cleaner and more efficient energy systems. There is also a struggle for supremacy between the US dollar and the Chinese yuan, with China actively working to challenge the dollar’s hegemony and promote the yuan as a viable alternative in international energy markets. As we move towards a more sustainable and equitable future, it will be important to face these challenges and work together to create a fairer and more sustainable global energy system for all.