Stranded Assets and Global Energy Dynamics

In 2015, a vigorous response to climate change seemed possible: even fossil fuel companies talked about transitioning to cleaner energy. But exploration and exploitation of oil and gas reserves have continued unabated, and in 2024, annual temperatures surpassed the 1.5ºC limit set by the Paris Agreement. In a recent piece, Brett Christophers describes the global shift from active policymaking to acceptance and surrender. He joins Tom to discuss the roles of Europe, the US and China in climate change, why solutions like ‘carbon capture’ are futile and where there’s room for cautious optimism.

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