Figure 1
Turning tensions into complementarities
ECONOMIC
SECURITY
DEVELOPMENT
CLIMATE CHANGE
Security-driven protectionism hurts
development and increases
social instability risks
Economic security creates
trade opportunities while
building new supply chains
Nationalistic approaches slow the
net zero transition while supply
chains are over-concentrated
Coordinated investments
accelerate transition while
reducing over-concentration
Clean energy trade creates economic
opportunities and lowers costs of transition
Climate impacts threaten development but
development increases emissions