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 #54] – Resource Limitations
[Episode #53] – Electrifying Heating
[Episode #52] – 2-Year Anniversary – Destination Unknown
[Episode #51] – Climate Science Part 6 – Emissions Scenarios
[Episode #50] – Siting Long Distance Transmission Lines
[Episode #49] – Climate Science Part 5 – Business As Usual
[Episode #48] – Climate Science Part 4 – Teaching the Carbon Cycle
[Episode #47] – Transition in Europe
[Episode #46] – Is 100% Renewables Realistic?
[Episode #45] – Climate Science Part 3 – Paleoclimate
[Episode #44] – Different Strokes
[Episode #43] – Legal Challenges of PURPA and FERC
[Episode #42] – Can Renewables Power the World?
[Episode #41] – Generator Survival Strategies
[Episode #40] – Climate Science Part 2 – Taking Planetary Temperatures
[Episode #39] – Transition in Australia
[Episode #38] – Getting from Here to There
[Episode #37] – Corporate Buyers of Renewables
[Episode #36] – Climate Science Part 1 – Climate Change Overview
[Episode #35] – Green Bonds
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