Energy, Power and Transition

Indeed, that crisis played a critical role in the renewal of the United States power over global finance, because it resulted in the convertibility of US dollars to gold, and it led to the reproduction of the petrodollar, which enabled the flow of money from USs multinational banks to non-oil producers and less developed countries. [...] The influence and the propaganda system that Israel is able to organise to maintain the support of the US government is related to US militarism, which is very much tied to the history of oil. [...] Global financial markets and structural power in renewable energy in the African continent The volume of capital seeking profitable investments in financial markets has increased enormously since the 1980s.4 The pressure on profitability in the productive sector in the industrialised countries, redistribution in favour of wealth-owning social groups and the turn to pension systems based on capital. [...] The core of the reform is the unbundling of Senelec, the national electricity company and off-taker – the purchaser of electricity in renewable energy projects, and the strengthening of private actors in energy production.14 IPPs tender for production rights, while the regulator’s long-term energy planning offers investors a stable basis for long-term investment decisions. [...] These include the spill of brine from desalination plants into the sea or groundwater, the use of rare freshwater reserves as planned by the German government-funded Daures project, the use of national park sites for the Hyphen project, and the huge impact of the planned infrastructure, such as ports and plants on terrestrial and marine ecosystems.