In particular, the transition itself will drive power shifts away from those controlling and exporting fossil fuels, and toward those mastering the green technologies of the future. For example, phasing out fossil fuels will significantly improve the EU’s strategic position, not least by reducing its reliance on energy imports. In 2019, 87% of our oil and 74% of our gas came from abroad, requiring us to import more than Euro 320 billion ($386 billion) worth of fossil-fuel products that year.

Moreover, with the green transition, the old strategic choke points – starting with the Strait of Hormuz – will become less relevant, and thus less dangerous. These seaborne passages have preoccupied military strategists for decades. But as the oil age passes, they will be less subject to competition for access and control by regional and global powers.

Phasing out energy imports will also help to reduce the income and geopolitical power…

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