Global energy transition towards clean energy amidst rising demand for fossil fuels, insights from CERAWeek conference, navigating challenges of decarbonization and energy security, impact of geopolitics and elections on energy sector, exploration of oil, gas, and commodity markets, accelerating shift to renewables and balancing national interests in renewable energy sources.
Limiting global warming requires significant emission cuts by 2030, while companies emphasize oil and gas alongside clean energy investments.
Geopolitical conflicts test the energy transition pathway and affect public perception, urging pragmatic strategies amid climate challenges.
Deep dives
Oil and Gas Industry's Focus on Profitable Proximity Investments
The industry concentrates on oil and gas expertise for profitable investments, distancing itself from renewables. Limiting global warming requires significant emission cuts by 2030. Despite energy transition discussions at energy conferences, companies are emphasizing oil and gas, alongside clean energy investments.
Debate Surrounding Energy Transition and Realistic Expectations
Discussions highlight the gap between ambitious climate goals and realistic energy transition timelines. Shifts in political attitudes may slow transition efforts. Balancing industry roles and environmental concerns is key, urging pragmatic strategies amid climate challenges.
Impact of Challenges on Energy Transition and Public Perception
Geopolitical conflicts test the energy transition pathway and affect public perception. Rising energy costs and slower transition pace risk climate goal achievements. Balancing environmental impact, energy prices, and supply security proves crucial for successful transition.
Forecast and Challenges in Global Energy Markets
Fossil fuel demand continues to rise despite transition efforts. Challenges in peaking coal and gas demand intensify with increasing environmental concerns. Industry strategies focus on oil and gas investments, impacting climate progress. Investment in clean energy sources faces competition and policy complexities.
To limit global warming to 1.5°C above pre-industrial levels, emissions should already be decreasing and need to be cut by almost half by 2030. Although this target is just six years away, fossil fuels experienced continued demand and revenue growth in 2023.
At CERAWeek by S&P Global, one of the world’s largest annual energy conferences, the energy transition is at the forefront of conversations. But energy security and different pathways to net-zero goals is also the theme of the conference, and many companies are recommitting to their traditional oil and gas businesses even as they invest more in clean energy.
How do we navigate the path to a clean energy future? What is the outlook for energy prices and markets? What impact will today’s geopolitical challenges have on the transition? And what effects will the many elections around the world have on the energy sector?
This week host Jason Bordoff is at CERAWeek talking with Javier Blas about the path to a clean energy future.
Javier is an opinion columnist for Bloomberg covering energy and commodities. He was previously at the Financial Times, where he held various positions, including his roles as the Africa editor and the commodities editor. Javier is a coauthor of the book The World for Sale: Money, Power and the Traders Who Barter the Earth’s Resources released in 2021.
Get the Snipd podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered podcast player
Listen to all your favourite podcasts with AI-powered features
Discover highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share & Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered podcast player
Listen to all your favourite podcasts with AI-powered features
Discover highlights
Listen to the best highlights from the podcasts you love and dive into the full episode