656 vol. 38(2) May/Aug 2016 Steeves & Ouriques
Fundamental changes in the global energy system occur more easily during the de-
cline of a great power and when the international system is in disarray (Podobnik 2006),
as in the current situation of the relative economic decline the United States and the rise of
China (Arrighi 2008). e role of the accumulation of resources and state power is evident
in hegemonic transition periods, as were the two previous transitions in the 19
th
and 20
th
Centuries. Now, China is emerging as a global economic power in the 21
st
Century. is
hegemonic transition prompts competition and innovation around the globe (Podobnik
2002), not just between the powers in transition. Energy security is no exception. Devel-
oped countries and developing countries spend billions of dollars annually incorporating
renewables into their energy security policies and for the last eight years there has been a
growing trend for larger investments by developing countries.
In recent years, China has led the world in investment in renewable energy, followed
by the United States. Four developing countries were among the 10 largest investors in
renewable energy in 2012: China, India, Brazil and South Africa, four of the ve BRICS
nations. ese nations’ billion-dollar investments place them at the level of major powers,
like the United States, Germany, Japan, Italy, the U.K. and France. Russia, the remaining
BRICS nation, is an exporter of energy that is also incorporating renewable energy into its
national policies. Competition for energy resources also seems to be spurring the develop-
ment of renewable energy as conventional energy prices continue to rise (Podobnik 2002).
History shows that a crisis in a dominant source of energy was mitigated by the transition
to another energy source, such as the transition from coal to oil in Great Britain during
the 19
th
Century. Podobnik (2006) suggests that the inevitable oil crisis today will, in part,
cause a shi towards renewable energy sources.
e last two centuries show two major transitions of power during periods of indus-
trial growth: the shi from charcoal to coal in the mid-19
th
Century, and when oil became
the dominant world energy source in the mid-20
th
Century. Many countries appeared to
be self-sucient in energy until around 1950, when they began to become increasingly
dependent on energy imports, leading to the transition to oil. Due to the fact that the
major powers did not have signicant oil reserves, energy needs were underpinned by
imports. is strategy does not seem tenable for future energy needs and also seems to
be prompting new, and in some cases, more, investments in renewable energy options.
Perhaps the energy transition of the 21
st
Century will be dened by a shi from non-
renewable fossil fuels to renewable energy sources.
Hegemonic advancement can be seen during the energy transition periods, including
the transitions of 1750-1850 from peat and charcoal to coal, and the 1900-1950 transition
from coal to oil. Coal and steam power, in combination with capital and empire, increased
ownership and led to an ecological surplus resulting in food, labor, and cheap energy. e
cheap coal, and later (aer 1945), cheap oil led to increased consumption and a signicant
expansion of consumer markets. In addition, cheap raw materials, that is, vital goods such
as food, raw materials, and energy were instrumental in the creation and maintenance of
large waves of accumulation because this ecological surplus reduces production costs and
increases the rate of prot (Moore 2013).