Here are 10 major energy & climate trends I’m watching in 2022. A quick thread: 🧵
1) BBB: make or break
If BBB climate provisions become law, US has a shot of meeting its 2030 goals. Without them, it’s very hard.
With the right policy, green industrial policy can reduce GHG at home, spur economy & cement US leadership globally. foreignpolicy.com/2021/03/15/bid…
If BBB climate provisions become law, US has a shot of meeting its 2030 goals. Without them, it’s very hard.
With the right policy, green industrial policy can reduce GHG at home, spur economy & cement US leadership globally. foreignpolicy.com/2021/03/15/bid…
2) Volatile energy prices
Risk ahead: Oil price spikes. Mismatched energy supply investment & demand will prompt market crunch. With SPR already used once & dwindling OPEC spare capacity, fewer antidotes exist. Energy crises this winter were not one off.
foreignpolicy.com/2021/09/24/ene…
Risk ahead: Oil price spikes. Mismatched energy supply investment & demand will prompt market crunch. With SPR already used once & dwindling OPEC spare capacity, fewer antidotes exist. Energy crises this winter were not one off.
foreignpolicy.com/2021/09/24/ene…
3) Fraught energy geopolitics
⚫As Russia threatens Ukraine, Western response is constrained by Russian gas position
⚫ Energy crises build momentum for LNG projects, inclusion of limited gas role (& nukes) in EU taxonomy
⚫ Tighter markets boost OPEC+
foreignpolicy.com/2021/06/03/big…
⚫As Russia threatens Ukraine, Western response is constrained by Russian gas position
⚫ Energy crises build momentum for LNG projects, inclusion of limited gas role (& nukes) in EU taxonomy
⚫ Tighter markets boost OPEC+
foreignpolicy.com/2021/06/03/big…
Continued:
⚫Critical mineral prices bite as demand rises & China dominates supply chain as CCP threatens Taiwan
⚫EU carbon border adjustment raise global trade tensions
⚫Economic & geopolitical risks of poorly managed transition become growing concern
foreignaffairs.com/articles/world…
⚫Critical mineral prices bite as demand rises & China dominates supply chain as CCP threatens Taiwan
⚫EU carbon border adjustment raise global trade tensions
⚫Economic & geopolitical risks of poorly managed transition become growing concern
foreignaffairs.com/articles/world…
4) Loss and damage
As COP27 heads to Africa, increased tensions betw developed & developing nations over louder calls for climate finance to deal w climate damages from historic emitters, along with calls for energy needed for meaningful prosperity.
foreignpolicy.com/2021/10/29/cop…
As COP27 heads to Africa, increased tensions betw developed & developing nations over louder calls for climate finance to deal w climate damages from historic emitters, along with calls for energy needed for meaningful prosperity.
foreignpolicy.com/2021/10/29/cop…
5) All-of-the-above on climate tech
As the window for climate action narrows, governments will expand their technological toolkits: carbon removal and capture, hydrogen, advanced nuclear, and more.
foreignpolicy.com/2022/01/03/nuc…
As the window for climate action narrows, governments will expand their technological toolkits: carbon removal and capture, hydrogen, advanced nuclear, and more.
foreignpolicy.com/2022/01/03/nuc…
6) Electric vehicle tipping point?
Significant production bottlenecks remain, but US & global demand for EVs growing rapidly. EV investment is way up. But that doesn’t mean falling oil demand. SUV sales way up too, most oil use not cars & long lead times for fleet to turn over
Significant production bottlenecks remain, but US & global demand for EVs growing rapidly. EV investment is way up. But that doesn’t mean falling oil demand. SUV sales way up too, most oil use not cars & long lead times for fleet to turn over
7) Cyber threats
Significant cybersecurity risks to energy infrastructure remain, as tensions w Russia, Iran, China, etc grow. Governments need to boost critical energy infrastructure’s resilience to increased risks--cyber, natural disasters and more.
foreignpolicy.com/2021/05/17/col…
Significant cybersecurity risks to energy infrastructure remain, as tensions w Russia, Iran, China, etc grow. Governments need to boost critical energy infrastructure’s resilience to increased risks--cyber, natural disasters and more.
foreignpolicy.com/2021/05/17/col…
8) Climate impacts
Carbon budget for 1.5 dwindles yet GHG rising. Expect worse storms, floods, droughts & extreme weather, raising pressure to confront climate ambition & reality gap. I’m excited to keep building the first Climate School @columbiaclimate
Carbon budget for 1.5 dwindles yet GHG rising. Expect worse storms, floods, droughts & extreme weather, raising pressure to confront climate ambition & reality gap. I’m excited to keep building the first Climate School @columbiaclimate
https://twitter.com/Columbia/status/1384200845495967750?s=20
9) Climate activism
In the face of worsening climate impacts and political inaction, expect a growing wave of activism to reach critical mass esp from the next generation. My immensely talented special assistant (& fmr student) @danieljpropp explains:
latimes.com/opinion/story/…
In the face of worsening climate impacts and political inaction, expect a growing wave of activism to reach critical mass esp from the next generation. My immensely talented special assistant (& fmr student) @danieljpropp explains:
latimes.com/opinion/story/…
10) Equity and just transition
Expect growing focus on disproportionate climate impacts on historically disadvantaged communities. And growing urgency to find solutions for communities & workers who rely on high-carbon industries for economic well-being.
energypolicy.columbia.edu/what-climate-j…
Expect growing focus on disproportionate climate impacts on historically disadvantaged communities. And growing urgency to find solutions for communities & workers who rely on high-carbon industries for economic well-being.
energypolicy.columbia.edu/what-climate-j…
Follow along @ColumbiaUEnergy @columbiaclimate @SabinCenter @LamontEarth @ColumbiaSocEnt @CEEC_CU @climatesociety & much more @Columbia for research, insights & analysis to make sense of the rapidly changing & turbulent energy and climate landscape in 2022.
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