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The Division of Energy Transformation leads ENR efforts to transform the global energy sector toward more diverse resources and stable systems. Energy diversification, including deployment of renewable energy and energy efficiency solutions, alternative fuels like natural gas, flexible grids, decentralized energy generation, and transparent electricity markets enhance global energy security and drives economic prosperity by providing an expanded, integrated, and market-based range of options for power generation and system operations.
In the near term, U.S.-sourced liquefied natural gas (LNG), can displace energy imports from unreliable or unstable sources, reducing geopolitical instability and promoting energy security. Longer-term, the International Energy Agency projects renewable energy will account for almost two-thirds of the expected $11 trillion global investment in power generation through 2040. Electricity generation from wind turbines and solar panels is often cost-competitive with traditional energy sources, such as coal and natural gas, and large-scale energy storage is becoming more viable. ETR follows the geopolitical implications of this global shift and identifies opportunities for engagement that showcase U.S. comparative advantage and best practices.
Key areas of engagement include Indo-Pacific Strategy/Asia Economic Development and Growth Through Energy (EDGE) and the Middle East Strategic Alliance. In addition, ETR is the U.S. representative at all International Renewable Energy Agency (IRENA) meetings, and closely monitors the impact of new technologies on upstream minerals and energy resources in source countries. ETR also monitors and engages with cities, states, and provinces in its bilateral and multilateral energy transformation work.