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Energy Gang

How the 2008 Financial Crisis Shaped Clean Energy

Energy Gang

Wood Mackenzie

Tech News, Environment, Sustainability, Innovation, Renewable Energy, Technology, Alternative Energy, Energy, News, Cleantech, Wind Energy, Business, Climate Change, Solar Energy

4.61.3K Ratings

🗓️ 26 October 2018

⏱️ 61 minutes

🧾️ Download transcript

Summary

Ten years ago this week, stock markets around the world cratered as fears grew that the global economy was headed into a deep, dark recession.

Alan Greenspan called it “a once-in-a-century credit tsunami.”

Today, we are still feeling the economic and geopolitical consequences of the financial crisis. Energy markets were also transformed as a result — often in surprisingly positive ways.

In this episode of The Energy Gang, we’ll discussing the impact of the 2008 market meltdown a decade on. Would clean energy have received the same kind of government support without the crisis?

Then, we’ll turn to biomass. Biomass is one of the world’s top renewable resources for heat and electricity, but it’s facing some serious challenges, particularly here in the U.S. We’ll detail some of those problems.

Finally, Canada is putting a national carbon tax in place. How will it work? And can Prime Minister Trudeau rally Canadians in conservative-leaning provinces behind it?

The Energy Gang is brought to you by GE's Reservoir, a modular lithium-ion energy storage system that can slash construction costs by 50 percent. Find out more about what Reservoir can do for your electric grid, solar plant, wind farm, microgrid, or thermal power plant.

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Transcript

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0:00.0

Well, Halloween is right around the corner. Let's get some costume ideas.

0:03.7

Catherine, what's your energy-themed Halloween costume this year?

0:06.4

Yeah, this may not be surprising at all, but I'm going to be a FERC rulemaking.

0:10.8

I'm going to have a sandwich board with Nooper, which is notice of proposed rulemaking, I'm going to have a sandwich board with NOPER, which is notice of proposed rulemaking

0:15.0

on the front with like distributed energy resource, energy storage, resilience, capacity performance,

0:21.0

and on the back it'll have orders like order

0:23.3

number 841 and 745 and 755 so I'm going all in.

0:27.8

Jaker what about yours?

0:29.8

Well what I'm actually going to be is a zookeeper because my son is obsessed with zoo animals right now and has decided to be an elephant for Halloween.

0:41.0

But if I had to pick an energy costume, I think I would pick a a biomass

0:49.7

bankruptcy expert. And what would that be?

0:53.6

Like how would you dress as a biomass bankruptcy expert?

0:56.6

I'm thinking something that like looks kind of like Indiana Jones, I like some twigs hanging out of your hat.

1:06.2

Yeah, exactly.

1:07.2

Like a green eye shade and a pen behind your ear.

1:10.1

Yeah, exactly. Well, we put out the call on Twitter for your best energy-themed

1:16.4

Halloween costumes and man are they creative. They're so good. We'll detail a few of

1:20.8

those at the top of the show. So I need a Halloween costume.

1:25.0

I need one that's fast and easy to get on something

1:27.8

that's flexible so I can do many things while in costume,

1:31.4

while at a party, something that's durable so it lasts.

1:34.8

You know what I can dress up as?

...

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