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

Untitled design

Burn Out - The endgame for fossil fuels

August 1, 2017

Energy Publication

A summary of my new book published in March 2017 by Yale University Press.

Publications

  • Publication Climate Change Climate-change Policy
    May 5, 2005

    The threat posed by climate change has not yet been matched by international agreements and economic policies that can deliver sharp reductions in greenhouse-gas emissions. Although the Kyoto Protocol has now been ratified by Russia and hence come into le
  • Publication Climate Change Climate-change Policy - A survey
    May 5, 2005

    Climate change presents a challenge to policy-makers of an altogether different kind to the day-to-day business of intervention in the economy to correct market failures. It is characterised by major and multi-dimensional uncertainties (in the science, th
  • Publication Climate Change Climate-change Policy - A Introduction
    May 5, 2005

    The importance of climate change is now widely accepted. From being a research topic, it has moved to the political stage, and whilst most politicians have yet to see it as a 'greater threat than weapons of mass destruction', the main political parties of
  • Publication Climate Change Climate-change Policy - Credible Carbon Policy
    May 5, 2005

    Most developed countries have adopted targets for the reduction of carbon-dioxide (CO2) emissions. Some of these are aspirational, some are recorded in voluntary international agreements, others have the force of law and are enshrined in national legisla
  • Publication Climate Change Comments on Terms of Reference for the 2005-06 Review of the Renewables Obligation
    August 20, 2004

    The review of the Renewables Obligation (RO) is an important opportunity to take stock of the renewables policy and its contribution to the ambitious climate change objectives for 2010, 2020 and 2050.
  • Publication Climate Change The Assessment: Climate-change Policy
    September 1, 2003

    The paper provides a guide to climate-change policy, and, in particular, the three core components: targets, instruments, and institutional structures. First, the optimal path for reducing carbon-dioxide (CO2) emissions, and the role of the social cost of
  • Publication Climate Change A Greenhouse Gas Emissions Trading Scheme for the UK
    September 1, 2003

    Response to the DETR Consultation Document. The Greenhouse Gas Emissions Trading Scheme (GGETS) is an ill-thought out and badly designed mechanism to reduce emissions. It is unlikely to meet its objectives, and should be regarded as a scheme to subsidise
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