Publications

• Publication Climate Change Climate change has not gone away - COP26, net zero and the coronavirus
  April 3, 2020
  
  The coronavirus virus has now taken centre stage, and climate change policy developments are being postponed. There will be inevitable delays for the EU’s package and for the 6th carbon budget in the UK, and COP26 too. In the circumstances...
• Publication Energy What are the implications of falling oil and gas prices? The Burn Out scenario.
  March 10, 2020
  
  The most interesting question to ask about oil prices is: why have they taken so long to fall? Now that they have, and with a bang, it is time for the oil and gas companies, the wider energy market participants and the politicians to think through...
• Publication Energy Power cuts and how to avoid them
  August 19, 2019
  
  Whatever the approximate causes of the particular power cuts in mid-August this year, the very idea that the electricity system could be brought to its knees just because a couple of power stations dropped off at short notice should send alarm bells...
• Publication Energy Why aren’t electricity prices falling?
  February 1, 2019
  
  The costs of renewables are falling, oil and gas prices have fallen back, and demand is soft. Why then are electricity prices being pushed up, rather than falling back?
• Publication Energy Nuclear lessons for energy policy
  January 23, 2019
  
  The Hitachi decision has been a long time coming and is not at all surprising. It comes at a crossroads for the energy sector. Government has decided (rightly) to exit coal. It has tried and so far failed to back gas as an interim replacement...
• Publication Energy The Nuclear RAB Model
  June 12, 2018
  
  If the government decides to invest in further nuclear power station projects, it should obviously try to do so at minimum cost. The Secretary of State, Greg Clark, has suggested...
• Publication Energy BREXIT and its implications for the British energy market
  April 24, 2018
  
  Of all the contributions Britain has made over the four decades of membership, the creation of the Internal Energy Market (IEM) stands out....
• Video Energy The Cost of Energy Review and Technical Change
  April 18, 2018
  
  Presentation for BEIS "Towards Successful Commercialisation" event
• Video Energy Burn Out - The endgame for fossil fuels
  March 6, 2018
  
  A summary of my new book now available in paper back. March 2018 by Yale University Press.
• Video Energy Peak oil demand and long run oil prices by Dale and Fattouh: a critique
  February 12, 2018
  
  The challenge of climate change has left the oil companies on the back foot. What do they do? They are beholden to their shareholders, who look to their dividends and in many cases treat them as proxies for utilities. Those dividends are built on oil...