The geopolitical landscape is likely to be significantly modified by the energy transition from fossil fuels to renewable and low-carbon resources, both on the global and sub-national level, experts said during the University of Texas Energy Week’s second day of sessions. In a keynote address, Paul Hudson, president of Blackstone Group’s General Infrastructure investment firm and former Public Utility Commission of Texas chairman, identified climate change, greenhouse gas emissions and the environment as dominant factors in energy markets over the past few years. Over the past 10 years, almost $2.7 billion in “clean energy” asset financing has taken place, Hudson noted, and coal-fired generation’s share of the US power generation mix has dropped from 45% […]