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The September Sessions Episode 4 | Daniel Yergin, Vice Chairman of S&P Global and Author of “The New Map”
Sep 30, 2023
Daniel Yergin, Vice Chairman of S&P Global and author of The New Map, discusses the complexities of the energy transition, the growing demand for critical battery metals, market signals and challenges in permitting processes, the slow flow of finance to the global south, and the approach and roadmap needed for the energy transition to achieve net zero. The conversation also touches on COP 28 and the focus on pragmatic solutions for addressing climate change.
34:13
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Quick takeaways
- The energy transition is complex and diverse, taking different shapes and timings in different countries.
- The Inflation Reduction Act in the United States is increasing demand for critical battery metals, but competition with China and global supply chain dominance pose challenges in meeting the growing demand.
Deep dives
The Importance of Recognizing Multiple Energy Transitions
The podcast episode emphasizes that there isn't a one-size-fits-all approach to the energy transition, and that it will take different shapes and timings in different countries. The former petroleum energy minister of India pointed out that there are energy transitions, plural, rather than a singular transition. This highlights the complexity and diversity of the energy transition worldwide.
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