COP28, this year’s Conference of the Parties to the UN Framework Convention on Climate Change, started in Dubai on Thursday November 30. The Energy Gang will be there, bringing you all the latest news from the negotiations and explaining what it all means. As the climate talks get under way, Ed Crooks sits down in New York with Energy Gang regulars Dr Melissa Lott and Amy Myers-Jaffe to look ahead to the talks. On the show today, they explore the four key items on the agenda: The Global...

Thanksgiving is a special time in America when families across the country get together and argue. In honor of that tradition, host Ed Crooks and regular Amy Myers-Jaffe are joined by Danny and Toby Rice, two brothers who have both had very successful careers in energy but have gone in somewhat different directions.  Toby Rice is president and chief executive of EQT, the largest producer of natural gas in the US. He is an advocate for the benefits of exporting liquefied natural gas, and...

The International Energy Agency last week published its World Energy Outlook, which is its big annual review of everything that is going on in the world of energy. One of the headlines that has been attracting a lot of attention is the forecast that, on current trends, demand for all three fossil fuels – that is, oil, gas and goal – will peak before 2030. The IEA’s report states that the pathway to limiting global warming to 1.5 degrees C, the objective the world set in the Paris Agreement,...

This week marks 50 years, almost to the day, since the 1973 OPEC oil embargo on the US, which led to global oil prices soaring. Oil’s potential role as a political weapon was thrown into sharp relief, and the world woke up to a new awareness of the vital importance of energy security.  On the Energy Gang this week, Ed Crooks hosts Robbie Orvis and Amy Myers Jaffe, to explore the parallels between that first great oil shock and the economic and political issues arising from the conflict in...

The International Energy Agency last month held its first ever summit to discuss Critical Minerals and Clean Energy. It was attended by more than 50 countries, which came together to discuss ways to secure the critical minerals that are needed to make the transition to low-carbon energy. Whether it’s copper wiring in electricity systems, steel in a wind turbine, or lithium in an EV battery, metals are vital for low-carbon technologies, and demand is only going to increase over the next...

Host Ed Crooks brings you the second of two special episodes recorded live from Wood Mackenzie’s Hydrogen Conference. In the rapidly changing energy landscape, hydrogen has become a hot topic. For some, it represents a beacon of potential for meeting global net-zero ambitions. For others, it is a costly and ineffective blind alley. As the clean energy transition advances, hydrogen has seen a surge in interest and investment around the world. This episode delves into different facets of the...

Host Ed Crooks brings you the first of two special episodes recorded live from Wood Mackenzie’s Hydrogen Conference Industry leaders and energy analysts gathered recently for the second annual Wood Mackenzie Hydrogen Conference, where they debated the potential of hydrogen in the global energy mix. Join host Ed Crooks in the first of two special episodes from the conference, with part two coming out tomorrow. The conference provided a forum to discuss how hydrogen, with all its potential...

What’s Next for US Energy Policy? As part of Climate Week in New York, The Energy Gang recorded a special edition in partnership with New York University: an expert panel discussing the future direction of US climate policy and its implications for the energy transition. Amy Myers Jaffe, a regular contributor to The Energy Gang and director of the Energy, Climate, Justice, and Sustainability Lab at NYU, hosted the event, leading a conversation about the key steps that governments,...

Direct air capture and carbon sequestration – is it viable, and scalable? The U.S. Department of Energy announced in late August that it would be investing $1.2 billion in two direct air capture or DAC facilities. Direct air capture technology, which uses either chemical media (such as a liquid solvent or solid sorbents) or physical processes involving filters to remove C02 directly from the atmosphere. Carbon capture technologies - that capture CO2 at emissions point sources, like power...

It’s a little over a year since the US Inflation Reduction Act was passed into law. Solar was one of the main beneficiaries, thanks to an extension and expansion of the tax credits available to the industry. So why has the sector fallen out of favour with investors recently? August was a difficult month for the markets in general, but companies including First Solar, Sunrun, Sunpower and Sunnova (who have been featured on our sister podcast The Interchange) have had it particularly...

On the last Energy Gang we looked at the impact of record temperatures on the energy sector. This week, we discuss another impact of climate change: its effect on human psychology. We discuss how the way we talk about global warming affects how we respond to it. A recent study in the journal Global Environmental Change argued that scientists and media organizations need to rethink the way they talk about climate change. The study’s authors called on the media to emphasise potential solutions...

New challenges for our power supplies in a warming world. Global temperatures have been breaking records this summer. On some estimates, the earth is the hottest that it has been for about 125,000 years. In Phoenix, Arizona, temperatures have consistently reached over 110 degrees Fahrenheit, and people are being hospitalized with severe burns after falling on the ground. The heat is bringing other threats, including the wildfires that have been burning out of control in parts of southern...

Bidenomics’ is the new buzzword that the US administration is using to brand its industrial strategy. What does it mean for energy in the US, and around the world? Last week, President Joe Biden spoke in South Carolina about his economic vision: a strategy that he is calling “Bidenomics”, with the energy transition is right at the heart of it. By “turning the climate crisis into an opportunity”, the White House says, the US can create good-paying jobs in clean energy while also bringing...

This year’s climate talks have already drawn widespread criticism. Can they make progress? COP28, this year’s Conference of the Parties to the United Nations Framework Convention on Climate Change, is still five months away, but the discussion around it is already intense. The conference is being held in Dubai, a choice that has drawn criticism because the United Arab Emirates is one of the world’s leading oil-producing countries. Last year’s COP27, held in Egypt, was widely considered a...

The north-eastern US has taken on a post-apocalyptic appearance recently, blanketed by smoke from wildfires in Canada. Host Ed Crooks and regular guest Melissa Lott, Director of Research at Columbia University’s Center on Global Energy Policy, are both based in New York and saw first-hand the extent of the fires that have been burning in Quebec. In recent years we have seen huge fires up and down the west coast of North America, in Siberia, in central Greece, to name just a few regions that...

More money will be invested this year in the solar industry than in oil production.  So said Faith Birol, executive director of the International Energy Agency, last week. Amy Harder, executive editor of Cipher, attended the Cleanpower 2023 event in New Orleans and experienced at first-hand what it means for the Big Green energy industry to be rivalling the scale of Big Oil. The event has been dubbed the ‘Coachella of clean energy’ and as Amy recounts walking the half-mile long hall, full...

The excitement around ChatGPT and other large language models has put AI firmly in the spotlight in recent months. Public perception is that we’re entering a new age of AI; it is a brand-new technology that promises to change our lives. In the world of energy, though, AI is not a new concept. GE was developing its AI capabilities more than a decade ago. BP invested in an AI company in 2017 to support oil exploration and production. And so far, although you can see the impact of AI in many...

“Electrify everything” is turning from a slogan into reality

It’s a special edition of the Energy Gang this week. New York University’s 2040 Now event is an initiative focused on addressing the challenges posed by climate change, and this week the Energy Gang joined in. As part of the week of exercises, talks, exhibitions and discussions, regular Energy Gang member Amy Myers-Jaffe led a workshop on building energy transition scenarios, looking for ways to deepen our understanding of the present and strengthen our predictions about the future. The...

Alternative sources of power are moving into the spotlight. As the share of dispatchable power in our electricity system declines, with coal-fired plants giving way to variable wind and solar, maintaining reliable supplies to keep the lights on becomes more complex. Investment in wind and solar is still vital for making progress towards net zero emissions, but other sources of low-carbon power are also moving into the spotlight. Those can include nuclear and hydrogen generation, as well as...

It has been a turbulent month in the financial sector, which could have big implications for the world of energy. Mobilising capital is vital for achieving international goals to curb greenhouse gas emissions and to adapt to the impacts of global warming. As the global banking system shudders from the blow of Silicon Valley Bank collapsing, is long-term climate investment being pushed further to the fringes of the agenda?    The latest Assessment Report from the IPCC has delivered what’s...

Will permitting reforms make it easier to build infrastructure projects? A group called the REPEAT Project at Princeton University calculated last year that to unlock the full emissions reduction potential of the Inflation Reduction Act, the US needed to increase its total high-voltage transmission capacity by about 2.3% a year. That is more than double the pace achieved over the past decade. In Washington, reforms that could make it easier to build all kinds of energy infrastructure,...

The energy industry influences climate change, and climate change also influences the energy industry. Understanding the consequences of a warming world is essential for making the right decisions as trillions of dollars are invested in energy production around the world. While we work to mitigate climate change by cutting greenhouse gas emissions, we also need to adapt to the changes that we cannot prevent.   On the Energy Gang today, Ed Crooks and Melissa Lott are joined by Dr Sarah...

The US Clean Energy Boom: What Might Stop It? The US Inflation Reduction Act, signed into law by President Joe Biden last August, has transformed the outlook for low-carbon energy in the US, because of the array of tax credits and other policy support that has been put in place. Over at Wood Mackenzie we do regular forecasts for the outlook for renewable energy investment in the US and as a result of the Inflation Reduction Act, we have raised our forecast of new solar capacity...

What’s led the world to restart the stalled atomic engine? 2022 was a year of important milestones for nuclear power. The most significant piece of climate legislation in US history – the IRA – included tax incentives and investment for the nuclear industry. A $15 per megawatt-hour tax credit for production to keep existing plants competitive, as well as $700 million to build a domestic supply chain for modern reactors, was a statement of intent from a government seeking to increase...