Europe’s gas crisis has entered a scary new phase. Last week, the biggest pipeline carrying Russian gas into Germany was closed for maintenance. And many in Europe fear the Russians will keep Nord Stream 1 closed indefinitely – putting further pressure on gas supply in the colder months.
Europeans are burning more coal, scrambling for new sources of gas, and committing to lots of renewable energy in a frantic attempt to slash reliance on Russian fossil fuels. But there are real questions about how quickly those solutions will shift the balance of power.
Meanwhile, gas prices are soaring in markets around the world – leading to fears about recession and long-lasting economic impacts. What are the possible scenarios that could play out?
This week, host Jason Bordoff sits down with Anne-Sophie Corbeau and Dr. Tatiana Mitrova to explain the state of gas markets.
Anne-Sophie Corbeau is a Global Research Scholar at the Center on Global Energy Policy at Columbia University’s School of International and Public Affairs; Dr. Tatiana Mitrova is a Research Fellow at the Center on Global Energy Policy.
Together, they discuss how deeply the gas shocks will impact Europe, Russia, and the rest of the world.
Almost 30% of electricity in the western United States comes from hydroelectric dams. But what…
The Inflation Reduction Act, passed last year, aims to accelerate the clean energy transition, and…
States’ net zero and clean-energy goals are requiring the electricity sector to reduce emissions. Getting…
With Russian oil and gas deliveries a fraction of what they were before the war…
This report examines the prospects of supplying gas from the Eastern Mediterranean to Europe from a technical, geopolitical, and economic perspective.
Achieving the goal of net-zero greenhouse gas emissions by 2050 requires a substantial reduction in the share of high-emitting fossil fuels in primary energy consumption.
On October 11, 2022, Columbia University’s Center on Global Energy Policy convened a roundtable to discuss whether there is access to adequate financing for oil and gas assets to meet energy security and affordability needs during the transition to net-zero emissions.