POLITICAL ECONOMY OF ENERGY TRANSITION: WINNERS AND LOSERS

Author(s): Naryshkina A.A.

Rubric: Economics of sustainable development

DOI: 10.21777/2587-554X-2025-4-77-84

Release: 2025-4 (55)

Pages: 77-84

Keywords: energy transition, political economy, energy security, critical minerals, renewable energy sources, just transi- tion, geopolitics

Annotation: This article examines the political economy of the global energy transition, identifying new groups of winners and losers. It analyzes the transformation of the concept of energy security, the geopolitical role of critical miner- als, and the socioeconomic consequences of the transition at the regional level. It is revealed that the transition is generating not only technological and environmental changes, but also profound structural changes in the distribution of resources, wealth, and power, creating new lines of geoeconomic cleavage and social inequality. The battle for leadership in the new energy sector is a battle to attract “green” capital and technologies, not just for market share in oil and gas. A large-scale capital shift toward sustainable (“green”) investments is gradu- ally taking place. Companies and countries that dominate the value chains for renewable energy technologies, batteries, and digital networks are gaining a strategic advantage. The conclusion is drawn that for traditional energy powers (including Russia), a concept based solely on the possession of fossil fuel reserves is becoming strategically untenable.

Bibliography: Naryshkina A.A. POLITICAL ECONOMY OF ENERGY TRANSITION: WINNERS AND LOSERS // Economics and Management. – 2025. – № 4 (55). – С. 77-84. doi: 10.21777/2587-554X-2025-4-77-84