Money Talks: Power in the 21st century
Money Talks from The Economist
The Economist
4.4 • 1.2K Ratings
🗓️ 22 September 2020
⏱️ 32 minutes
🧾️ Download transcript
Summary
Oil fuelled the 20th century, but now a huge energy shock is catalysing a shift to a new world order. Charlotte Howard, The Economist's energy and commodities editor, and host Rachana Shanbhogue investigate why this oil slump is different. They ask Spencer Dale, BP's chief economist, whether the world has passed peak oil. Daniel Yergin, author of “The New Map” and “The Prize”, explains how cleaner energy will reshape geopolitics. And Kevin Tu, of Beijing Normal University, on China's new role as a global powerhouse of electrification.
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Transcript
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| 0:00.0 | This is a passenger announcement. You can now book your train on Uber and get 10% back in credits to spend on Uber eats. |
| 0:11.0 | So you can order your own fries instead of eating everyone else's. |
| 0:15.0 | Trains, now on Uber. its economy and its geopolitics. |
| 0:35.0 | Now a huge energy shock is accelerating a shift |
| 0:38.0 | to a new order. |
| 0:41.0 | I'm Ratch Neshanbogue, the Economist Finance Editor, and you're listening to Money Talks |
| 0:46.2 | our weekly podcast on the markets, the economy and the world of business. |
| 0:50.4 | This week, 21st century power. |
| 0:54.0 | Demand for fossil fuels has collapsed. |
| 0:56.0 | Could the world have passed peak oil? |
| 0:59.0 | Renewables are penetrating the energy system |
| 1:02.0 | more quickly than any fuel ever seen in history. |
| 1:05.1 | How will this transition redraw the geopolitical map? |
| 1:08.6 | It changes the whole way the world economy has operated since the beginning of this century. |
| 1:13.0 | And could the next chapter in energy history be written by China? |
| 1:17.0 | On the one hand is the largest carbon emitter. |
| 1:19.0 | On the other hand, it's the clean energy market. Energy market. |
| 1:24.0 | Charlotte Howard is our energy and commodities editor, |
| 1:30.0 | and she wrote this week's cover story. |
| 1:32.8 | Economist radio fans will know her from our sister podcast, Checks and Balance |
| 1:36.9 | on American politics and the run-up to the presidential election. |
| 1:40.1 | And if you haven't heard it yet, I highly recommend it. |
... |
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