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.
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[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
[Episode #146] – Why Local Solar Costs Less
[Episode #145] – A Slow Take on the Texas Blackout
[Episode #144] – Investing in Energy Transition
[Episode #143] – Hydrogen Economy 2.0 Part 2
[Episode #142] – Hydrogen Economy 2.0 Part 1
[Episode #141] – Making Climate Policy Work
[Episode #140] – Methane Leakage
[Episode #139] – Vehicle-Grid Integration
[Episode #138] – Transition in China
[Episode #137] – Energy and Climate in the Biden Administration
[Episode #136] – The Economic Superorganism
[Episode #135] – Internalizing Climate Risk
[Episode #134] – Storage Grows Up
[Episode #133] – Stranded Assets
[Episode #132] – The Future of Solar
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