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

current 1775005 1280

BREXIT and its implications for the British energy market

April 24, 2018

Energy Publication

Of all the contributions Britain has made over the four decades of membership, the creation of the Internal Energy Market (IEM) stands out....

Publications

  • 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
  • Publication Europe Caps and Floors for the EU ETS: a practical carbon price
    October 13, 2008

    Central to any efficient climate change policy, and to the EU’s approach, is the establishment of a credible, long-term carbon price. The EU has chosen to achieve this via the indirect route of the EU Emissions Trading Scheme (EU ETS), rather than by sett
  • Publication Climate Change OXREP Climate Change Special Issue
    September 1, 2008

    Special issue of the Oxford Review of Economic Policy
  • Publication Europe Energy Security without the North sea - time to think European
    March 1, 2008

    Security of supply - along with climate change - has taken centre stage in energy policy debates...
  • Publication Climate Change Too Good To Be True? The UK's Climate Change Record
    December 10, 2007

    At first glance Britain has one of the best records in Europe on climate change; greenhouse gas emissions fell in the 1990s and it has already surpassed its 2012 Kyoto target. This paper examines whether the claimed superiority of Britain's approach is so
  • Publication Europe The Russian dimension and Europe's external energy policy
    September 3, 2007

    A striking feature of Europe's energy mix is its growing dependency on imported gas, and in particular its dependency on Russia as a source of supply. For some, this trend poses few new and special difficulties... For others, oil dependency is not quite s
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