Geopolitics affects the life and prosperity of countries and people across our globe with spillovers to the economy and financial markets. Especially now, with the coming US presidency of Donald Trump in combination with the conflicts in the Middle East and Ukraine, the eyes of many are on geopolitical issues. It may seem like other priorities such as climate change and energy transition have dropped down from the agenda of politicians. However, geopolitics and climate change mutually impact one another. Any substantial green transition will dramatically redistribute the geopolitical balance of power. As countries with resources that are crucial for the energy transition and the associated technologies gain greater influence, the countries that have leveraged their fossil energy resources over the last century may need to adapt in the geopolitical powerplay. Investors need to position themselves in this changing landscape of powers and priorities and access the risks and opportunities associated with the energy transition.

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