Disrupted Energy Markets: Fossil Revival or Renewable Opportunity?

Climate One

Social Sciences, News Commentary, Science, Earth Sciences, News

4.7 • 585 Ratings

🗓️ 3 June 2022

⏱️ 54 minutes

🔗️ Recording | Apple Podcasts | RSS

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Summary

As Russia’s invasion of Ukraine and other economic pressures disrupt global energy markets, even insiders are scrambling to make sense of this moment. Ahead of the midterm elections, the Biden administration has signaled it wants more oil and gas now to ease the pain of surging fuel prices while maintaining support for cutting carbon emissions. Oil and gas aren’t the only commodities affected by market chaos. The supply chain, including for clean energy technology, has also been disrupted. How are surging fossil fuel prices, changes in policy, and supply chain turmoil affecting US climate goals? Guests: Kate Larsen, Partner, Rhodium Group David M. Turk, Deputy Secretary, US Department of Energy Justin Guay, Director, Global Climate Strategy, Sunrise Project Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hear that? It's your big McDonald's hunger calling, because the big arch is back, and this time
0:05.3	is here to stay with juicy beef, cheddar cheese and that big arch sauce. Hungry? You are now.
0:11.6	Order delivery on the McDonald's app.
0:15.2	Serve from 11am. Upcharges and fees apply to delivery orders. Subjects availability, price and participation may vary.
0:20.0	Hi, it's Greg Dalton.
0:21.4	I'd like to hear your comments on the show,
0:23.4	topics we should cover, and guest suggestions.
0:25.9	You can reach me at Greg at climate one.org.
0:29.3	This is Climate One. I'm Greg Dalton.
0:31.9	The energy industry is used to wild cycles of boom and bust.
0:36.1	But even for veterans, today's markets are gut-wrenching.
0:39.8	Europe is looking to phase out both Russian oil and gas,
0:43.8	both critical to current European industry,
0:48.4	heating homes and businesses, and generating electricity.
0:52.7	The Russian invasion of Ukraine has forced Europe to totally rethink how it handles its own energy needs.
0:59.2	And we're seeing now a lot of supply chain challenges, including for key, key clean energy technologies.
1:04.6	And how is all this energy market chaos impacting U.S. climate goals?
1:08.9	There is any given day of the week, an administration official loudly arguing for more oil and gas,
1:15.4	and any other day of the week, an administration official pondering openly whether or not
1:19.7	clean energy is actually the true path of peace, security, and freedom.
1:23.6	Disrupted energy markets. Up next on Climate One.
1:31.5	As Russia's invasion of Ukraine and surging inflation disrupt global energy markets, even insiders are scrambling to make sense of this moment.
	...

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