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

Energy
Energy

Energy
Europe

Energy
Climate Change

Latest Publication

Cost of Energy Review Thumbnail

Cost of energy review: independent report

October 25, 2017

Energy Publication

Independent review undertaken by Professor Dieter Helm CBE puts forward his proposals on how to reduce costs in the power system in the long-term whilst ensuring the UK meets its climate change targets.

Publications

  • Publication Energy Look to gas for the future
    March 24, 2011

    Peak oil—the idea that we have passed or are about to pass the physical peak of oil production—is again in fashion. It has been lent impetus by events in the Middle East and North Africa. Predictions abound of imminent price shocks, $200 dollars-a-barrel
  • Publication Europe Rethinking the Economic Borders of the State
    November 18, 2010

  • Publication Energy POLICY PAPER: Market reform: rationale, options and implementation
    October 18, 2010

    As a result of Ofgem’s Project Discovery and the DECC Market Assessment, and with the Climate Change Committee’s Fourth Climate Change Budget due in December 2010, the government is embarked on a market reform process, first through a consultation paper a
  • Publication Europe Energy and environmental policy: options for the future
    November 1, 2009

  • Publication Climate Change The Economics and Politics of Climate Change, OUP
    October 29, 2009

    Edited by Dieter Helm and Cameron Hepburn Includes contributions from leading climate change policy experts Highly topical and political subject that discusses the Stern Report and the international framework and negotiations for a post-Kyoto cli
  • Publication Climate Change EU climate change policy - a critique
    September 20, 2009

    Introduction Environmental issues in general, and climate change in particular, lend themselves to EU rather than national policy: many of the effects (such as acid rain and later pollution) are regional, and climate change is global. To date, the EU has
  • Publication Europe EU climate-change policy—a critique
    January 28, 2009

    Environmental issues in general, and climate change in particular, lend themselves to EU rather than national policy: many of the effects (such as acid rain and later pollution) are regional, and climate change is global. To date, the EU has had some nota
  • Publication Climate Change Climate-change policy: why has so little been achieved?
    November 1, 2008

    While the scientific evidence for climate change grows, the policy responses have so far had little or no impact on the build-up of emissions. Current trends in emissions are adverse. The paper considers why the disconnect between science and policy exist
  • Presentation Climate Change Climate-change policy: a tangled web?
    October 29, 2008

    The Beesley Lectures on Regulation, Series XVIII 2008, October 30th 2008
  • Presentation Climate Change Climate change, European Energy Policy and the Copenhagen Summit: Time for Realism?
    October 29, 2008

    Smith School Presentation, October 2008
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