NAVIGATING THE ENERGY TRANSITION: OPEC, CLIMATE CHANGE AND THE FUTURE OF RENEWABLE ENERGY LAW

Abstract

The global energy landscape is undergoing a significant transformation in response to the pressing challenge of climate change. As a major player in the energy sector, the Organisation of Petroleum Exporting Countries (OPEC) plays a crucial role in shaping the future of global energy. This paper explored the intersection of OPEC, climate change and renewable energy law and identified the challenges and opportunities inherent in the energy transition. Through doctrinal analysis of existing laws, policies and literature, this research examined the historical context of OPEC, the causes, threat and dynamics of climate change. Findings highlighted the need for coordinated global response to climate change, with OPEC’s role being critical in facilitating the transition to a low-carbon economy. The analysis revealed some inconsistencies in OPEC’s rhetoric on climate change and underscores the imperative of robust legal framework to support the growth of renewable energy. These findings necessitated recommendations including the need for more collaborative approach from OPEC and other stakeholders to accelerate the energy transition. The paper further emphasised the essentials for a coordinated effort to mitigate the impacts of climate change and promote a sustainable energy future.