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 #234] – Transition in Australia 2024
[Episode #233] – Ending the Monopoly Utility
[Episode #232] – Smart Meters and Appliances
[Episode #231] – Five Times Faster
[Episode #230] – EV Charging Blues
[Episode #229] – US Distributed Solar Potential
[Episode #228] – Public Persuasion
[Episode #227] – FERC Order 1920
[Episode #226] – Load Growth Shenanigans
[Episode #225] – Demand Side Solutions
[Episode #224] – US Hydrogen Tax Credits
[Episode #223] – Fiscal Implications of the US Transition
[Episode #222] – Green Industrial Policy
[Episode #221] – Fossilflation
[Episode #220] – Climate Capitalism
[Episode #219] – Nuclear Illusions
[Episode #218] – Accelerating Decarbonization in the US
[Episode #217] – Passivhaus in Scotland
[Episode #215] – IEA’s New Oil & Gas Outlook
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