Trump promoted fossil fuels. His war is pushing the world away from them.
As oil prices spike, governments are slashing fuel use and eyeing renewables — threatening to erode global demand for fossil energy.
Executive Director, International Energy Agency
2022 was a landmark year for the energy transition. The world added a record amount of renewable energy, expanding the global installed capacity by nearly 10%. Electric vehicles also had a record year, reaching 10 million sales worldwide, a stunning 55% increase over the previous year. Yet despite this tremendous progress, the world is still not on track to meet its climate goals, with oil and gas demand predicted to be higher in 2030 than today.
Meanwhile, volatility in global energy markets is continuing to drive uncertainty over the future of the energy transition. Imbalances between supply and demand drove energy prices to dizzying heights last year, and 75 million people around the world lost access to electricity as a result.
What will it take to bring clean energy deployment in line with climate goals? What does the energy transition mean for the future of fossil fuels? And how can world leaders protect energy reliability in the transition to net zero?
This week host Jason Bordoff talks with Fatih Birol.
Fatih is the executive director of the International Energy Agency, the intergovernmental organization tasked with providing data and policy analysis regarding the global energy sector. He spent more than 20 years at the IEA prior to becoming executive director. Most recently, he served as chief economist, in charge of the organization’s flagship publication, the World Energy Outlook. Before joining the IEA, Fatih worked for OPEC, the Organization of Petroleum Exporting Countries.
This episode of the Columbia Energy Exchange is a recording of a live, in-person conversation that took place on April 12th during the Columbia Global Energy Summit 2023.
While US and Israeli forces have significantly degraded Iran’s military and nuclear capability, the global energy landscape remains in a precarious position. For weeks, the Strait of Hormuz...
During President Trump’s second term, the administration has taken unprecedented action in the US private sector. The federal government’s investments in critical mineral mining and chip manufacturing are...
Today marks the last day of CERAWeek, the annual energy industry conference sometimes described as the Davos of energy. As oil and gas CEOs and government officials gathered...
The Iran conflict has rapidly expanded, drawing in actors across the Middle East and raising concerns about broader regional escalation.
The Iran war will accelerate the region’s economic transformation.
On March 20, Governor Kathy Hochul proposed significant changes to New York’s Climate Leadership and Community Protection Act (CLCPA), the landmark climate law passed in 2019.
The oil shock triggered by the crisis in the Persian Gulf has pushed crude above $100 per barrel, reviving familiar fears of economic turmoil in the United States driven by surging gasoline and diesel prices.