'The multiple crises are encouraging consensus on the need for public ownership and socialised management and control of energy sectors in the short and medium term.'
Energy is now considered a national security issue, opening new conflicts, and it is clear that each fossil fuel producing country asserts its rights to continue using fossil fuels. There are many cases of not just national but also municipally owned and managed energy sectors.
What we also need to understand is that embarking on energy transformation, will also be, and need to be, disruptive. The energy system is the foundation of industrialised economies, for transition to happen it needs to be overhauled for a phase-out of fossil fuels within a few decades. Huge industries like coal and oil will have to shrink or go through a period of phase-out, before they then disappear.
There is a class aspect to the questions—how, where and why fossil fuels will get left in the ground, and how, where and why the renewable energy sector gets built up and accelerated. It will be very difficult to plan a phase-out if the energy assets are not publicly owned and socially managed. At the same time, it must be ensured too that the social needs of economies relying on fossil fuels must be addressed.
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