“Everything up in the air”: LNG, the Strait of Hormuz, and Central & Eastern Europe’s energy future
"LNG shipments to Central & Eastern Europe are reliable as long as those gas markets are not overly dependent upon one supplier."
Professor of Environmental Economics at the University of Oxford
Getting the global energy system to net-zero – a state in which it emits no more greenhouse gases than it absorbs – means deploying clean energy infrastructure at a pace without historical precedent. The ripple effects of this transition are already apparent in business, geopolitics, and in people’s daily lives.
Increasing public concern over climate change and breakthroughs in clean energy technology have rendered this challenge more achievable. But turning this momentum into tangible progress will require careful policymaking and implementation, across all levels of government.
How might the clean energy transition reconfigure the global economy? What levers can policymakers pull to accelerate it? And what emerging solutions are already changing the outlook for net zero?
Today we’re re-running host Jason Bordoff’s interview with Cameron Hepburn about the economics of the climate crisis.
Cameron is a Professor of Environmental Economics at the University of Oxford and Director of the Smith School of Enterprise and the Environment. He also serves as the Director of the Economics of Sustainability Programme, based at the Institute for New Economic Thinking at the Oxford Martin School. Cameron has over 30 peer-reviewed publications spanning economics, public policy, law, engineering, philosophy, and biology.
In a summer of both heightened climate ambition and heightened alarm over climate change, this conversation was held in the aftermath of the COP27 climate summit. Jason and Cameron discussed how technology developments are accelerating the energy transition and how to scale their impact.
It’s been a head-spinning day in the Iran war. Earlier today, following a temporary truce between Lebanon and Israel, Iran announced that the Strait of Hormuz would be...
With an April 21 deadline looming, the Middle East remains suspended in a volatile state of war and peace. Regional mediators are scrambling to broker a second round...
Energy abundance means different things in today’s global context than it did even a decade ago. It is about expanding electricity access while meeting rising energy demand. It...
The conflict in Iran is a reminder of how quickly global energy markets can be disrupted. It also underscores why advances in things like battery technology — from...
The Pentagon’s new $200 billion private equity fund would harm the critical industries it aims to support.
The decline of domestic fossil fuel production in the United States poses serious economic risks for communities that rely on fossil fuel industries for jobs and public revenues. Many of these communities lack the resources and capacity to manage those risks on their own. The absence of viable economic strategies for affected regions is a barrier to building the broad, durable coalitions needed for an equitable national transition to cleaner energy sources.
Models can predict catastrophic or modest damages from climate change, but not which of these futures is coming.
On November 6, 2025, in the lead-up to the annual UN Conference of the Parties (COP30), the Center on Global Energy Policy (CGEP) at Columbia University SIPA convened a roundtable on project-based carbon credit markets (PCCMs) in São Paulo, Brazil—a country that both hosted this year’s COP and is well-positioned to shape the next phase of global carbon markets by leveraging its experience in nature-based solutions.