He wrote in the Financial Times:
“A quite different version of “energy security” involves reliance on the power generated by renewable devices – wind turbines, solar cells – that are manufactured in the country itself.
“What you make is yours, forever.
“Provided a country has abundant resources of renewable energy – wind, water, sunshine – making itself independent in power needs by manufacturing its energy systems is the best guarantee of long-term (as well as medium-term) security.
“By contrast, continuing dependence on fossil fuels (even alternatives such as shale oil or gas) locks a country in to eventual diminishing returns.
“Adopting the alternative “security through manufacturing” approach has the convenient aspect that it would help to revive manufacturing centres . . .
“And it has the added convenient feature that it reduces the country’s carbon emissions”.
Professor Mathews currently holds the Eni Chair of Competitive Dynamics and Global Strategy at LUISS Guido Carli University, in Rome, and Chair of Strategy, Macquarie Graduate School of Management, Macquarie University, in Sydney.