Global fossil fuel use has grown alongside GDP since the start of the Industrial Revolution and currently makes up roughly 80% of global energy demand. But to meet our goals to limit global temperature rise to 1.5 C degrees, demand will need to drop sharply by 2050.
In June 2022, the European Commission allowed Spain and Portugal to decouple the price of gas from that of electricity for 12 months.
National oil companies (NOCs) produce about half of the world’s oil and own the bulk of oil and gas reserves. They are also large issuers of bonds held by international financial institutions. Their ESG risks should be a matter of great concern.
This report examines the prospects of supplying gas from the Eastern Mediterranean to Europe from a technical, geopolitical, and economic perspective.
On January 25, 2023, the Center on Global Energy Policy (CGEP), Columbia University SIPA, hosted...
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.
To reduce Germany’s energy consumption while shielding consumers from high energy prices, the government announced in September 2022 a “protective shield” for which up to €200 billion would be available.
Climate change is one of the central challenges of the 21st century. Building and linking the policies, technologies, financial systems, and markets needed to achieve climate goals is key to addressing this challenge.
Critical minerals—such as aluminum, copper, lithium, and cobalt—will require unprecedented investment in order to make a shift to a clean energy system. Leveraging the increased global demand for these minerals is critical to achieving net-zero targets.
Energy access is central to reducing poverty. Energy is also critical to developing country efforts to move towards broader prosperity, which are significantly increasing their demand for energy.
Energy justice works hand-in-hand with the energy transition—where fair and just policies for marginalized communities must be prioritized. Understanding how we define and measure energy and environmental justice is key to building a strong energy system.
Well-functioning energy markets are critical to the distribution of energy resources. Understanding how they work, how they can be improved, and how they are being impacted by the changes afoot in the energy sector is key to meeting energy and environmental goals.
Establishing energy policy solutions informed by rigorous research and dialogue is key to addressing climate change, increasing access to energy, and sparking innovation for a thriving global energy economy.
Improving public health is tied to quickly transitioning our energy supplies to clean, low-carbon energy sources. By developing and implementing solutions for clean energy systems as soon as possible, we can mitigate the damage to our global health.
Energy security has long been a central objective of energy policy, yet remains poorly understood and defined. Assessing energy security risks, and how they are evolving, is key for both the public and private sector.
The clean energy transition requires a substantial study and understanding of financial and economic tools. Leveraging funding is crucial to effectively invest in clean energy innovations—to cut air pollution, reduce dependence on fossil fuels, and fight climate change.
Energy has long been intimately tied to global geopolitics, power and foreign policies. The rapid pace of change in the energy sector is creating new sources of uncertainty and risk that require careful study and understanding.
As global climate change and greenhouse gas emissions reductions become increasingly urgent to counter climate change, many nations have announced net-zero emission targets as a commitment to rapidly reduce greenhouse gas emissions.
Industrial decarbonization and electrification leads to several benefits beyond slowing climate change, including dramatically improving air quality and reducing millions of early deaths globally. Building infrastructure to decarbonizing industries is crucial to mitigating carbon emissions.
Technological innovation has the potential to disrupt energy markets and influence energy policy around the world. It also plays an important role to improve access to energy sources in developing nations and to meet global environment goals.
The global gas market is undergoing a period of profound transformation as a result of new sources of supply, demand, changing trade patterns, and technological and policy shifts. The transition to a low-carbon economy and efforts to curb air pollution are also key policy aims that will impact the role of gas in the future energy mix.
Although it is a source of essentially carbon-free power, nuclear energy remains one of the most divisive components of the world’s primary energy mix. Its future rests largely on questions of cost, safety, waste management and proliferation-resistant technology.
Oil is the world’s most actively traded commodity, but forecasts vary as to whether it will start to wane in the decades to come. Understanding the changes that are sweeping through the oil industry and market today are key to understanding the outlook for economic growth, climate change, and geopolitical conflict.
Aging infrastructure, distributed generation, storage and new consumer technologies are precipitating reconfiguration of the power sector.
The rise of renewable energy resources is upending traditional energy markets, trade flows and presents a new set of challenges for policymakers, as well as new opportunities to address the challenge of climate change around the world.