Energy markets are in transition. The oil market is in the midst of one of its steepest price collapses in history, the first-ever shipment of US LNG from the lower 48 recently set sail, renewable costs are falling dramatically and nearly 200 nations came together in Paris to agree to change the energy mix as we know it. On top of these changes the global economic outlook is as uncertain as ever. How are we to make sense of all these changes and what they mean for the future of the energy landscape? To help answer that question, host Jason Bordoff sat down with Christof Ruhl, Global Head of Research at the Abu Dhabi Investment Authority, on the latest episode of Columbia Energy Exchange.
This interview was originally recorded on February 21, 2016.
It has now been just over a year since the US signed into law the Inflation Reduction Act and already, it has been followed by more than US $110 billion in clean energy investments.
Rising debt levels and the ravages wrought by climate change present acute threats to achieving sustainable development goals in emerging market and developing economies.
As the world races to transition to cleaner energy sources, there exists a substantial gap between the financing required for this transition and the actual investments being made.