Energy vs IEA Oil and Gas Scenarios
12/04/23 • 61 min
Published each year, the International Energy Agency’s (IEA) World Energy Outlook (WEO) is a leading source of scenario-based analysis of global energy demand and supply. This year, as the global energy crisis shows signs of calming, the WEO finds a peak in fossil fuels before 2030 across all scenarios. The result has been met with skepticism by some politicians in Canada, with Alberta’s Premier Danielle Smith going so far as to question the credibility of the organization.
A follow-on special report from the IEA on the oil and gas industry in net zero transitions, released on November 23, offers additional insights on the role of oil and gas producers in achieving a decarbonized global energy sector.
David, Sara, Ed, and the International Energy Agency’s Chief Energy Economist, Tim Gould discuss the findings of these IEA reports and the implications for Canada and its natural resources on Season 5, Episode 6 of Energy vs Climate.
EPISODE NOTES
@3:20 – World Energy Outlook 2023
@6:10 – Oil and gas industry faces moment of truth – and opportunity to adapt – as clean energy transitions advance
@9:45 – Electric Vehicles
@10:53 – China’s electric vehicle surge will shock global markets
@14:06 – Oil demand to begin long-term decline this decade, according to new Pembina report
@24:01 – Oil Companies Are Preparing for a Lucrative Decline
@24:26 – Building Momentum Toward Net Zero
@29:05 – Canada’s Energy Future 2023
@32:50 – The Place of Energy Security in the National Security Framework: An Assessment Approach
@42:26 – Canada introduces framework to cap greenhouse gas pollution from oil and gas sector
@45:34 – Minister Guilbeault announces Canada’s draft methane regulations to support cleaner energy and climate action
@46:40 – World Energy Investment 2023
@56:26 – Economic Research: Climate Change Will Heighten Output Volatilit
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Energy vs Climatewww.energyvsclimate.com
Published each year, the International Energy Agency’s (IEA) World Energy Outlook (WEO) is a leading source of scenario-based analysis of global energy demand and supply. This year, as the global energy crisis shows signs of calming, the WEO finds a peak in fossil fuels before 2030 across all scenarios. The result has been met with skepticism by some politicians in Canada, with Alberta’s Premier Danielle Smith going so far as to question the credibility of the organization.
A follow-on special report from the IEA on the oil and gas industry in net zero transitions, released on November 23, offers additional insights on the role of oil and gas producers in achieving a decarbonized global energy sector.
David, Sara, Ed, and the International Energy Agency’s Chief Energy Economist, Tim Gould discuss the findings of these IEA reports and the implications for Canada and its natural resources on Season 5, Episode 6 of Energy vs Climate.
EPISODE NOTES
@3:20 – World Energy Outlook 2023
@6:10 – Oil and gas industry faces moment of truth – and opportunity to adapt – as clean energy transitions advance
@9:45 – Electric Vehicles
@10:53 – China’s electric vehicle surge will shock global markets
@14:06 – Oil demand to begin long-term decline this decade, according to new Pembina report
@24:01 – Oil Companies Are Preparing for a Lucrative Decline
@24:26 – Building Momentum Toward Net Zero
@29:05 – Canada’s Energy Future 2023
@32:50 – The Place of Energy Security in the National Security Framework: An Assessment Approach
@42:26 – Canada introduces framework to cap greenhouse gas pollution from oil and gas sector
@45:34 – Minister Guilbeault announces Canada’s draft methane regulations to support cleaner energy and climate action
@46:40 – World Energy Investment 2023
@56:26 – Economic Research: Climate Change Will Heighten Output Volatilit
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Energy vs Climatewww.energyvsclimate.com
Previous Episode
Energy vs Carbon Removal
We are excited to bring you a special live taping of Energy vs Climate from November 22, 2023 at the Ampersand in Calgary.
Energy vs Carbon Removal is a dive deep into this still relatively new climate mitigation pathway. The IPCC and other bodies increasingly view Carbon Dioxide Removal (CDR) as a critical tool to reduce CO2 concentrations in the atmosphere and bring warming back down to 1.5C by century’s end.
It seems like new carbon removal start-ups are springing up weekly. But the barriers to commercializing CDR tech remain daunting. Will CDR live up to its hype or fail to launch?
EvC partnered with carbonNEXT’s series Carbon Talks for this live show.
EPISODE NOTES
@5:00 – What is Carbon Removal?
@6:00 – What's the least bad way to cool the planet?
@8:35 – Carbon Engineering
@9:45 – What is Ocean Alkalinization?
@9:45 - Enhanced Rock Weathering
@12:52 – Climeworks - Orca
@16:25 – CCUS Investment Tax Credit - PRIMER (Spring 2023)
@17:30 – US power sector carbon capture and storage under the Inflation Reduction Act could be costly with limited or negative abatement potential (Grubert & Sawyer, 2023)
@21:50 – Occidental and 1PointFive, King Ranch Reach Lease Agreement to Support up to 30 Direct Air Capture Plants on Leased Acreage
@26:00 – Decarbonizing Cement
@33:00 – Carbon Removal Canada - Reports & Resources
@38:22 – What You Need to Know About Article 6 of the Paris Agreement
@50:15 – Lessons From California’s Carbon Dioxide Removal Policies
@53:35 – Greengate Travers Solar
@1:01:53 – The State of Carbon Dioxide Removal Report
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Energy vs Climatewww.energyvsclimate.com
Next Episode
Stranger than (Climate) Fiction
What is the role of literature in the climate policy and technology discussion? How does the genre allow us to explore uncomfortable climate scenarios, including those to do with heat death and direct action? While ultimately successful, the path laid out in the book is very bumpy, volatile, and rife with violence – strikingly different from the smooth and orderly transition often offered up by politicians and techno-optimists.
On S5E7 of Energy vs Climate, David, Sara, Ed, and New York Times bestselling author Kim Stanley Robinson (of The Ministry for the Future) discuss how science fiction can help us explore different climate scenarios and solutions.
EPISODE NOTES
@0:21 – Kim Stanley Robinson
@0:21 – The Ministry for the Future - Kim Stanley Robinson
@3:13 – How hot is too hot for humans? Understanding wet-bulb temperatures
@9:00 – Carboncoin
@10:25 – The unprecedented Pacific Northwest heatwave of June 2021
@13:55 – Karl Popper
@18:45 – How to Blow Up a Pipeline - Andreas Malm
@20:32 – Dave Foreman
@21:30 – Climate protesters throw tomato soup on Van Gogh’s ‘Sunflowers’
@27:50 – Who is Wiebo Ludwig? A thunder storm wrapped in the flesh of a man. Part 1
@30:52 – Glacier geoengineering to address sea-level rise: A geotechnical approach (Lockley et al, 2020)
@31:50 – Solar Geoengineering - should we go there?
@39:25 – Empowering Female Climate Change Activists in the Global South: The Path Toward Environmental Social Justice - Peggy Ann Spitzer
@44:05 – The Hottest Year
@46:10 – Utility of the blockchain for climate mitigation (Chen, 2018)
@49:05 – Overshooting 1.5 C limit 'looks inevitable' with record CO2 emissions from fossil fuels
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Energy vs Climatewww.energyvsclimate.com
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