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The Energy Gang

Technology Podcasts

Bi-weekly discussions on the latest trends in energy, cleantech, renewables, and the environment from Wood Mackenzie. Hosted by Ed Crooks.

Location:

United States

Description:

Bi-weekly discussions on the latest trends in energy, cleantech, renewables, and the environment from Wood Mackenzie. Hosted by Ed Crooks.

Language:

English

Contact:

+1 646 661 1891


Episodes

The Energy Gang at Distributech 2024 in Orlando

2/28/2024
What AI means for the energy transition in the electricity industry Welcome to a special episode of Wood Mackenzie's The Energy Gang, recorded at the Distributech 2024 conference in Orlando. Distributech is the leading event in North America for the electricity transmission and distribution industry. It provides a fantastic opportunity to talk to the companies that provide technology for moving and managing electricity, and to the utilities and other companies that use that technology. The impact of artificial intelligence is one of the central themes of the conference, and host Ed Crooks has been meeting industry leaders to discuss the implications of AI and other new technologies for the future of electricity. From the need for more power to supply data centers for AI applications, to the potential for AI tools for managing the grid, to the possible breakthroughs in nuclear power that could be discovered using AI, the speakers explore a vast range of possibilities. Hussein Shel, chief technologist for AWS (Amazon Web Services), talks about both the opportunities and the challenges of the new types of AI. Zack Kass, a futurist who was formerly a senior executive at OpenAI, discusses the prospect of an age of “energy abundance” that could be unlocked by sophisticated AI. He argues that abundance, possibly provided by nuclear fusion power, will be the way that the world can meet the increased demand for power created by advanced AI systems. Quinn Nakayama, the senior director of Grid Research Innovation and Development at the California utility PG&E, talks about the practical decisions involved in adopting AI technologies in today’s utilities. Tom Deitrich, chief executive of Itron, a supplier of technologies for utilities and cities to manage energy, water and traffic, joins Ed to discuss the increasingly urgent need for more advanced technologies in grid management. And finally, Anthony Allard, the head of Hitachi Energy’s North American business, talks about what they have been hearing from their customers in terms of two critical issues in the industry: the progress of digitalization, and shortages of critical equipment in the supply chain. You can find us on most platforms: we’re @theenergygang. Subscribe to the show on Apple Podcasts or Spotify so you don’t miss the next one, out every second Tuesday. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Duration:00:57:24

2023 was a tough year for clean energy investment. Will 2024 be better?

2/20/2024
There are no two ways around it: 2023 was a difficult year for low-carbon energy investment, and 2024 has so far carried on in very much the same vein. Rising interest rates, fears around future energy policy, cost inflation in some sectors, and perhaps a correction to some earlier over-exuberance, have meant that shares in clean energy companies have generally under-performed the market. To take a couple of high-profile examples, Tesla shares have fallen about 55% from their peak in 2021, while Ørsted shares are down about 75%. Capital flows into climate-focused funds has also fallen sharply. Morningstar data suggested that climate-focused funds attracted about $38 billion of new investor money last year, down about 75% from 2021 levels. In the private markets, on the venture capital side, the flows into clean energy also seem to have fallen, if not quite as sharply. To examine the reasons why low-carbon energy investment is having a rough time of it at the moment, and explore some of the more positive indications in the outlook, host Ed Crooks and regular guest Amy Myers-Jaffe are joined this week by newcomer Dan Goldman, Co-Founder & Managing Partner of Clean Energy Ventures. They discuss the huge shortfall in terms of the investment needed to meet the goals of the Paris Agreement, and raise some ideas for closing the gap. And on the brighter side, they look at the healthy ecosystem of innovative companies working on new ideas that could solve the toughest problems in energy and climate. Mobilizing capital will be the key to tackling the threat of global warming. How can we make sure the money flows where it is needed? Plus, two specific ideas that could make big contributions to decarbonizing the energy system. Grid-enhancing technologies can help overcome transmission capacity bottlenecks that are obstacles to the deployment of renewable energy. Dan's firm Clean Energy Ventures has invested in a company called LineVision that has provides those technologies, and he and Amy explain why they are important. And finally, as the aviation industry continues to grapple with the best ways to cut emissions, Sustainable Aviation Fuel (SAF) is a popular potential solution. The gang discuss the potential of companies like OXCCU, which is backed by Clean Energy Ventures, and the fundamental scientific challenges inherent to producing e-fuels from hydrogen and carbon dioxide. Keep an eye out for an upcoming episode with an in-depth look at SAF and OXCCU, on our sister podcast The Interchange. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Duration:01:00:45

A pause in US gas export approvals: a big win for the climate?

2/6/2024
The US is the world’s largest exporter of liquefied natural gas (LNG), super-cooled to about -160 °C (or -260 °F) so it can be shipped in tankers. An investment boom means export capacity will soar over the next few years. But last month the Biden administration signaled it was putting the brakes on future growth, announcing a “pause” in new approvals for LNG plants to export to nations that don’t have a free trade agreement with the US. This decision is expected to stall future US LNG projects by preventing them accessing key global markets including the EU, China, Japan, and the UK. The pause could be an issue in November’s elections: former President Donald Trump has said he would immediately restart approvals if elected. On the show this week, Ed Crooks is joined by Melissa Lott, Director of Research at Columbia University’s Center on Global Energy Policy, and Emily Grubert, Associate Professor of sustainable energy policy at the University of Notre Dame, to discuss the implications of the pause for both the US and the global energy market. If the US is exporting less gas, what will that mean for buyers around the world? What will be the impact on global greenhouse gas emissions, and living standards in lower-income countries? And what are the Biden administration’s motivations in announcing the pause? The gang explore the issues. Also on the show, the fuel that could replace natural gas, at least for some uses: hydrogen. There has been a lot of excitement over hydrogen, especially over green hydrogen made by electrolysing water, which could in principle have zero carbon emissions. But how green is it really? The US Treasury and Internal Revenue Service (IRS) have had a go at answering that question, setting out practical rules for defining low-carbon hydrogen, so they can decide on eligibility for tax credits under the 2022 Inflation Reduction Act. Melissa, Emily and Ed debate whether these proposed rules make sense, and what they mean for the development of a low-carbon hydrogen industry in the US and around the world. The Energy Gang is partnering with Distributech, the premier annual event for energy transmission and distribution. This year it’s in Orlando, Florida, from Februrary 26th. We’ll be recording a special episode from the event, which will be out on Thursday the 29th as the event wraps up. Claim 20% off your registration with the code DTPART33. Articles referenced in this episode: www.energypolicy.columbia.edu/consequences-of-the-pause-for-us-lng www.energypolicy.columbia.edu/publications/advancing-corporate-procurement-zero-carbon-electricity-united-states-moving-re100-zc100/ iopscience.iop.org/article/10.1088/1748-9326/ac71ba/meta www.nytimes.com/2023/08/07/opinion/oil-fossil-fuels-clean-energy.html See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Duration:00:54:05

Is AI really a game-changer for energy?

1/23/2024
The World Economic Forum held its annual meeting in Davos, Switzerland, last week, bringing together leaders from business, finance, politics, academia and culture. Regular Energy Gang guest Dr Melissa Lott was there, talking about one of the meeting’s central themes: long-term strategies for the climate, nature and energy. On this week’s show, she shares with host Ed Crooks and guest Julio Friedmann – who’s chief scientist at the carbon management company Carbon Direct – what she learned there. The role of artificial intelligence was, inevitably, high on the agenda there, with some people arguing that it will turn out to be one of the most transformational innovations in human history. The world of energy is already being changed by AI, and the gang discuss how wide-reaching the effects could be. Julio recently co-authored a report titled the “Artificial Intelligence for Climate Change Mitigation Roadmap”, looking at all the different ways that AI could change supply and demand for energy and so have an impact on greenhouse gas emissions. The gang discussed this issue last year, when Ed took the sceptical view. He suggested the latest iterations of AI such as ChatGPT, known as large language models, could have huge implications for knowledge industries such as journalism or law, but were unlikely to make much difference to energy, which requires working with large volumes of particles, whether molecules or electrons. Julio disagrees, and he explains what he thinks are the important positive impacts that AI could have on energy and the climate, for example in managing complex systems such as road traffic and power grids, and in developing new materials. The gang then discuss some of the other questions that came up at Davos, and ask what these gatherings mean for the rest of the world. And finally, extreme weather in the US has again been in the headlines. Extreme cold gripped much of the country, and snow fell as far south as Mississippi and Louisiana. Has Texas learned the lessons from Winters Storm Uri in 2021, when blackouts lasted for days and hundreds died? How stable is the grid these days? And what are we learning about managing the risks created by climate change? For more information head to woodmac.com/podcasts. You can read Julio Friedmann’s report on AI here: https://www.icef.go.jp/roadmap/. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Duration:00:54:00

What does 2024 have in store for energy?

1/9/2024
Ed Crooks is joined by Amy Myers-Jaffe and Dr Melissa Lott to look ahead to 2024. They explore the people, places, and technologies that could have a big influence on energy this year. Amy kicks things off with a look ahead to the US elections in November. The results of that vote will have big impact on policy in the US, and there are several other elections coming up around the world that could also have significant consequences for energy. COP28 in Dubai may be only just behind us, but the world is already looking ahead to COP29, which will be held in Azerbaijan. With Brazil lined up for COP30 next year, that will make three consecutive UNFCCC COPs in large oil-producing countries. The gang discuss how that could shape the energy transition. Then there are the technologies to watch in 2024, including Melissa’s choice, enhanced geothermal power. Fervo Energy’s Project Red geothermal facility went online in December, marking a major milestone for an energy source with huge potential. As Melissa explains, there are not too many energy sources that can offer “clean firm power”: low-carbon generation that is available 24/7. Finally, the gang talk about their energy-related New Year’s resolutions, including one that has already been broken! See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Duration:01:08:49

COP28 - Ed's notebook

12/22/2023
Further conversations from this year’s summit. COP28 was the largest climate talks to date, with global industry leaders, governments, analysts, journalists and climate activists converging on Dubai for the summit. The Energy Gang's schedule was packed, and host Ed Crooks was joined by many interesting and influential people from the world of energy across 6 full days. In this episode, we bring you three new conversations that we couldn’t fit into the regular schedule. Kevin Kariuki is the Vice President for power, energy, climate and green growth at the African Development Bank. Laetitia De Marez is the Senior Program Director of the Climate Finance Access Network run by the thinktank RMI. Together they discuss ways to increase investment in cutting emissions and adapting to the impacts of climate change. Also, Ed explores a technology for reducing emissions with Mark Davis, the Chief Executive of Capterio, which works on solutions to stop gas being wasted by being burned off in flares. For our full COP28 coverage check out our other episodes and find out more at woodmac.com/podcasts See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Duration:00:51:36

Be of good cheer! Reasons to feel optimistic about the energy transition at the end of 2023

12/22/2023
As 2023 comes to a close, the Energy Gang reflects on the events and trends of 2023 that provided grounds for optimism about the transition to a lower-carbon world. On this week’s show, Ed Crooks is joined by Melissa Lott and Amy Myers-Jaffe as they share their reasons to be cheerful this holiday season. Ed chooses the precipitous drop in the cost of solar modules, making solar power ever more competitive against fossil fuels, and driving the adoption of solar energy on a global scale. Amy’s choice is the continued growth of EV sales. Despite all the negative commentary about electric vehicles in recent months, and some genuine setbacks for the industry, the long-term outlook still looks bright. Finally, Melissa chooses another important development in 2023: the start of construction for Form Energy’s new factory in West Virginia to make batteries for long-duration energy storage. The batteries use iron-air technology, an example of several advances in battery chemistry that are offering solutions to the problems associated with lithium ion storage. We wrap the show with the gang trying a not-so-secret Secret Santa, exchanging gifts for the festive season. We hope the show will lift your spirits and put you in the frame of mind to enjoy the holidays. Thanks to everyone who listened during the year. We look forward to seeing you again in 2024. As usual we are keen to hear thoughts and comments. You can find us on most platforms – we’re @theenergygang. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Duration:00:44:03

Was COP28 a huge success?

12/14/2023
The gang assess the outcome of the climate talks in Dubai. This year’s COP went to overtime, as countries argued over the wording of the concluding statement. They had to carry on the negotiations all through the night to do it, but finally they emerged with what was described as a “historic” agreement. For the first time, the need to accelerate the transition away from fossil fuels has been put on the record in a concluding statement from a COP. In our final show on COP28, the Energy Gang look back on the last two weeks of negotiations and debates, and as the dust starts to clear, they assess what it all means. Ed Crooks was present at the talks in Dubai, as were regular guests Dr Melissa Lott of Columbia University and Amy Harder of Cipher, and together they tackle one key question: can we call the conference a success? Some people have been hailing it as a triumph, others say it’s a disaster. Does the truth perhaps lie somewhere in the middle? Or is it not that simple? The Global Stocktake of climate action, agreed at COP28, calls for a “just, orderly and equitable” transition, “accelerating action in this critical decade, so as to achieve net zero by 2050”. Amy and Melissa explain what that means, and how it could change the world. Find all of our coverage of COP28 at http://www.woodmac.com/podcasts/the-energy-gang See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Duration:00:44:20

A nuclear COP?

12/11/2023
Nuclear energy has been in the headlines more in Dubai, than at any previous COP. Nuclear power has had more prominence at this year’s climate talks than at any previous COP. In fact, some people have even been calling it “the nuclear COP”. That’s partly because the hosts, the United Arab Emirates, have been a pioneer of nuclear power in the Gulf region, building four reactors to meet 25 per cent of its electricity demand. At this year’s COP, 24 governments set a goal to triple worldwide nuclear power generation capacity by 2050. To discuss the implications of this pledge, and analyse the current state of the nuclear industry globally, Ed Crooks is joined by Henri Paillere, who is head of the planning and economic studies section at the International Atomic Agency. He says there is now a much wider appreciation of the central role that nuclear power can play in tackling climate change. Nuclear technology is also seen as offering some big commercial opportunities. The EX-IM Bank, the US export – import bank, recently launched a package of measures intended to support sales of US Small Modular reactors – SMRs. Reta Lewis, chair of the Ex-Im bank came to the COP and spoke to the Energy Gang, to highlight the bank’s support for SMR investment around the world. SMRs are expected to play a key role in the future of nuclear energy, as Dr Sama Bilbao y Leon, who is the director-general of the World Nuclear Association, which represents the international nuclear industry, said when she joined Ed in the studio. We’ll be following the latest developments from COP28 right to the end of the summit, so subscribe and join the conversation – we’re @theenergygang. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Duration:00:46:35

COP28: What's the point of the COP?

12/8/2023
On day 9 of the climate talks, what do the experts think? As Simon Stiell, Executive Secretary of the UNFCC, said today, it’s go-time for governments at COP28 this week. To examine the latest stories Ed Crooks has assembled a panel of energy experts: regular Energy Gang guest Melissa Lott, who is Director of Columbia University’s Center on Global Energy Policy, Morgan Bazilion, Director of the Payne Institute for Public Policy and professor of public policy at the Colorado School of Mines, and Julio Friedmann, Chief Scientist at Carbon Direct. Together they debate the efficacy of an annual climate summit, the potential impacts of next year’s US and UK elections on global climate and energy policy and the latest key takeaways from the talks. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Duration:00:39:07

COP28: What’s happening with EVs?

12/8/2023
An interview with Kristen Siemen from General Motors On this bonus episode recorded live from COP28, Ed Crooks meets Kristen Siemen, Chief Sustainability Officer at General Motors. She sits down with Ed to discuss the current state of the EV market, GM’s plans for the industry and the key takeaways from the conversations at the summit. Subscribe to the show on your podcast platform of choice so you don’t miss any of these special episodes coming live from COP28, and join the conversation on social media: we’re @theenergygang. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Duration:00:13:54

COP28: Hydrogen headaches

12/7/2023
What are the barriers to cheap green hydrogen? As COP28 debates the future of fossil fuels, many people think low-carbon hydrogen could replace them for some uses. But, hydrogen has plenty of problems of its own: water use, public resistance to building infrastructure and above all, its cost. Ed Crooks talks to three leaders from politics and business, who are trying to find ways to cure these headaches. Michelle Lujan-Grisham, Governor of New Mexico has launched an initiative to provide a strategic water supply for the industry. Mark Newman is CEO of Chemours, a company that produces a crucial technology for the electrolyzers that can split water into hydrogen and oxygen. John Hartley is CEO of Levidian, a UK-based company that can use methane to make both hydrogen, and graphene – a valuable carbon product. They’ve all been at COP28, talking about how their solutions could help the world get off fossil fuels. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Duration:00:48:24

This year’s COP is breaking new ground

12/6/2023
At the halfway point of COP28 the focus is still on fossil fuel abatement. Ed Crooks is joined by Dr Melissa Lott, Director of Research at Columbia University’s Center on Global Energy Policy and Professor at the Climate School, and Michael Webber, the McKetta Centennial Energy Chair at the University of Texas. Together they examine the biggest themes that are dominating debate at COP28. The arguments and discussions are still going on, but as Melissa says, they’re not at the core of what’s happening at this year’s summit. The planning for a clean energy future is the key focus for a diverse collection of energy leaders and global citizens. Phase out vs phase down is still the big topic, and the team give their take on the future of fossil fuels. The pledge to triple renewable energy generation is also put under the microscope. What does it mean for financing in the energy transition? See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Duration:00:45:53

Will COP28 deliver a pledge to phase out fossil fuels?

12/5/2023
At the halfway point of this year’s climate negotiations at COP28, the focus is still on the proposal that the world’s governments should commit to phasing out fossil fuels. Discussion on the best way forward is still going on; fossil fuels are responsible for the majority of human-induced climate change, and so the world has to stop using them. But as concerns over energy security continue, some say that the debate should not be around fossil fuels v renewables, but rather low-emissions v high-emissions. Is CCUS the technology that will enable continued use of fossil fuels, or is our only option a world powered by 100% renewable and nuclear energy? To discuss this, and to analyze the biggest talking points of today’s talks, Ed is joined by Maria Mendiluce, CEO of the We Mean Business Coalition, which aims to mobilize and guide companies of all sizes on a path to net zero. Maria argues that a complete phase-out of fossil fuels is needed to get the world on course to limit global warming to 1.5 degees C. She wants the governments meeting at COP28 to agree on a commitment to achieve that. Kelly Sims Gallagher also joins the show. She’s the Dean of the Fletcher School at Tufts University, and has been following these climate negotiations since she attended COP2 in 1996. She explains what she expects from this year’s talks and where she thinks COP28 will come out on the future of fossil fuels. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Duration:00:47:10

Delivering on the promise of climate finance - at last

12/4/2023
The insight and debate from the Climate Co-Lab event at COP28 In 2009, developed countries jointly pledged to mobilise $100bn per annum to support climate action in developing countries. This target has never been met and the pledge will expire in 2025. It is estimated that approximately $5 trillion is required annually, just to avoid the worst impacts of climate change. The New Collective Quantified Goal (NCQG) intended to replace this pledge, is currently under negotiation, due to be finalised by the end of 2024. A successful agreement will unlock the finance needed for mitigation, adaption and loss and damage funds. The Climate Co-Lab event, at the Heriot-Watt campus and in collaboration with Wood Mackenzie and Edinburgh Science, was hosted by Ed Crooks on day 5 of COP28. Joining him to explore climate finance were: Patricia Espinosa Cantellano, Former UNFCCC Executive Secretary, Former Minister of Foreign Affairs of Mexico, Ambassador Emeritus of Mexico, and CEO and Founding Partner of onepoint5. Mohamed Sultan, Regional Lead Africa, Global Methane Hub Nigel Topping CMG, UN Climate Change High-Level Champion at COP26, Member UK CCC, NED at UKIB Together they explore what fundamental changes in global systems need to occur to scale and deliver on decarbonization. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Duration:00:36:42

The Energy Gang on the ground at COP28: the summit so far

12/4/2023
Part one of our coverage live from the conference Ed Crooks is joined by Amy Harder & Bill Spindle from Cipher, the publication supported by Breakthrough Energy – the clean energy network founded by Bill Gates. Amy and Bill have been in Dubai since the start of the conference, and they analyze the big stories to come out of the first few days. The loss and damage fund is the main focus; a few hundred million has been pledged to help developing nations deal with the impacts of climate change, but it’s a drop in the bucket for what’s needed. Also, COP28 itself: there’s debate on the effectiveness of these talks every year, but there have been positive stories already. The tripling of renewables, pledges on methane reduction and loss and damages have all been high on the agenda. Listen in as we kick off our special podcast series, live from Expo City in Dubai at COP28. Follow us on the socials – we’re @theenergygang See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Duration:00:23:27

What can we expect from COP28?

12/1/2023
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: Subscribe to the show so you don’t miss the special bonus episodes coming daily from the 4-8th December, and join the conversation by finding us on X; we’re @theenergygang. For more information visit woodmac.com/podcasts. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Duration:00:57:43

Thanksgiving Special: a family debate about energy

11/17/2023
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 makes the case for its importance in strengthening energy security, creating jobs, and cutting greenhouse gas emissions. Danny Rice is chief executive of NET Power, which is developing utility-scale power plants with its proprietary technology that uses natural gas while capturing more than 97% of its emissions. With Ed and Amy, they debate the case for gas as a climate solution. Is gas really any better than coal when full life-cycle emissions are counted? And even if it can reduce emissions, how much good is that when what we need is not lower carbon but zero carbon? How much does the case for gas rely on carbon capture and storage, which has no clear path to large-scale deployment? Join us at the Energy Gang table for a Thanksgiving debate on family, energy, and what we should be thankful for. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Duration:00:51:17

Will oil, gas and coal peak by 2030?

11/3/2023
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, is still open. Although if we carry on as we are, by 2030 it won’t be. Joining Ed Crooks to discuss the IEA’s views and progress in the transition away from fossil fuels are Dr Melissa Lott and Amy Myers-Jaffe. Regular Energy Gang guests, Melissa is Director of Columbia University’s Center on Global Energy Policy. Amy heads up NYU’s Energy, Climate Justice and Sustainability Lab. They debate whether this decade might witness the arrival of peak fossil fuel demand. What are the forecasts saying, and are they believable? The gang weigh up the recent tide of bad news about electric vehicles. Should we be preparing for an abrupt turn away from EVs? What could it mean for oil demand if it happened? And how should we interpret the two recent mega-deals in the US oil industry? Plus: offshore wind is in trouble. Rising interest rates and supply chain issues are driving up costs, and big projects in the US are being cancelled. Can the industry find a way out of its predicament? And finally, China’s share of global production of spherical graphite, used in battery anodes, is over 99%, putting it in a strong position in global supply chains. Now China has announced new export restrictions on several forms of graphite, raising questions about whether a new vulnerability has been exposed for US and European battery and EV manufacturers. It’s a packed show, and as always we are keen to hear your thoughts and comments. You can find us on most platforms as @theenergygang. Subscribe to the show so you don’t miss the next one, out every second Friday at 7am ET. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Duration:01:07:14

Fifty years since the first Oil Shock: how much has changed?

10/20/2023
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 Middle East today. Robbie is Senior Director of Modeling and Analysis at the think-tank Energy Innovation, and Amy is Director of NYU’s Energy, Climate Justice and Sustainability Lab. Together they discuss the implications for energy security in the US, and around the world, of the fighting that began with the Hamas terrorist attack on Israel. This month US oil production has hit a new all-time record high, at 13.2 million barrels a day. This surge in production means the US will be a net exporter of crude and oil products this year, to the tune of almost 2 million barrels a day. That sounds like it should help US energy security, but does it really? Despite surging production, US consumers remain vulnerable to fluctuations in fuel prices. Reducing oil consumption, as the gang discuss, could be the best way to strengthen energy security. Electric vehicles play a critical role in helping to break our addiction to oil. There have been some big changes in that industry this year, with most leading auto-makers, including Hyundai, Kia, Ford, GM, and others, adopting the North American Charging Standard developed by Tesla. That is a big win for Elon Musk, but more importantly it’s a big win for customers, who won’t have to worry about getting an EV with the right connection ports to find public chargers. It’s like Lightning cables versus USB-C, but with much more at stake. Finally, we look once again at the ever-evolving hydrogen sector. The Biden administration last week announced the seven Hydrogen Hubs selected to share $7 billion in government funding to accelerate the domestic market for clean hydrogen. The hubs are spread around the country, from the Pacific Northwest to south Texas, and are intended to catalyse more than $40 billion of private sector investment. The idea behind the hubs is that developing the industry in a few locations will make it easier to share infrastructure and a skilled workforce, helping to bring costs down faster. But questions still remain about how big a role hydrogen can play in the energy transition. It’s a packed show, and as usual we are keen to hear thoughts and comments. You can find us on most platforms – we’re @theenergygang. Subscribe to the show so you don’t miss the next one, out every second Friday at 7am ET. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Duration:01:02:06