Some notes about Energy

There are three profound challenges facing the energy sector around the world. First, the great commodity super cycle has come to an abrupt end, leading to crashes in the oil, coal and gas prices - undermining the finances of the main producer countries and the companies. 

Secondly, the climate challenge is upon us, and if it is to be addressed, the fossil industries will have to close down over the rest of this century, with or without CCS.

Third, and partly spurred by the drive for low carbon forms of energy, technical change is bringing a transformation not seen since the nineteenth century. New forms of electricity generation, storage, smart infrastructures and radical changes to energy demand are already undermining the conventional technologies. Electric cars and the challenge of new materials to the petrochemical industries are playing their parts too in this great period of change.

These three great changes all fit together.

Energy

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Energy
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Climate Change

Latest Publication

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Climate change has not gone away - COP26, net zero and the coronavirus

April 3, 2020

Climate Change Publication

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...

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