Following from the December COP28 climate summit, we find ourselves at a pivotal juncture with the world’s governments clearer than ever about “transitioning away from fossil fuels.” Now, what is next for the oil sector and for all of us—the consumers of oil? Is COP’s sweeping announcement setting a ceiling for the global ambition on climate, or merely a floor?
As oil is phased out sector-by-sector, how can the electrification of vehicles handle demand for road transport? And what about the sectors where substitutes are still a work in progress, like petrochemicals, aviation and shipping? Is it really feasible to phase out oil completely, as we discussed with the IEA in the previous episode?
In this episode, we explore these questions with Anand Gopal, the Executive Director of Policy Research at Energy Innovation, an energy transition think tank based in San Francisco. We review the findings from several of Energy Innovation’s recent reports, we discuss the outlook for oil demand, and we get Anand’s first-person observations from this year’s COP.
[Episode #166] – IEA’s Climate Scenarios
[Episode #165] – Oil & Gas in Transition
[Episode #164] – Political Economy of Energy Transitions
[Episode #163] – Transition in Russia Part 2
[Episode #162] – Transition in Russia Part 1
[Episode #161] – Expanding Transmission
[Episode #160] – Coal Plant Buyouts
[Episode #159] – The Cost of Decarbonization
[Episode #158] – Global Energy Crunch
[Episode #157] – Market Design for the Energy Transition
[Episode #156] – 6-Year Anniversary Show
[Episode #155] – Marine Energy
[Episode #154] – Japan’s Nuclear Dilemma
[Episode #153] – Grid-forming Inverters
[Episode #152] – No Limits
[Episode #151] – Best of ETS Vol. 1
[Episode #150] – Resilient and Reliable Power
[Episode #149] – Green Hydrogen and Carbon Prices
[Episode #148] – Energy and Emissions after COVID
[Episode #147] – Hydrogen Innovations and Applications
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