In his latest monthly column for Energy Connects, Gaurav Sharma dives deep into how the remarkable transformation of the US from being a net importer to the world’s leading energy producer is ushering in profound market shifts
Crude’s month-long rally, which propped up Brent futures by almost US $10/barrel to a nine-week high settlement of $87.43/barrel on July 4, split the market between bulls predicting $90 and sceptics saying seemed like a stretch.
The sites of the latest three UN climate talks – COP27, COP28 and COP29 – outline a triangle about 2,000 kilometres long on each side, that contains almost half the world’s oil and gas reserves. Sharm El Sheikh in 2022, Dubai in 2023, and Baku in Azerbaijan, coming up this November, have nevertheless delivered or aim to deliver serious and real progress on climate, not the fossil fuel stitch-up many campaigners feared. As climate talks on the Caspian concludes this trio, what can we look forward to?
It might be time to ask whether we severely underestimated the economic toll of going green. The world has set ambitious goals for expansion of renewable power and low-carbon technologies to fight climate change. From the International Energy Agency's Net Zero by 2050 roadmap calling for renewables to reach nearly 90% of global electricity, to the EU's target of cutting emissions by 55% this decade – nations are racing to reshape their energy systems. However, concerns are mounting that the costs of this massive transition are proving much higher than anticipated just a few years ago. Did policymakers, businesses, and consumers grossly underestimate the hidden costs?
In his exclusive monthly column for Energy Connects, Gaurav Sharma catches up with the use case reality of hydrogen and explores what it would take to deploy green hydrogen as a heat source at scale. He writes that green hydrogen accounts for less than 1% of total global hydrogen production. This must change for it to play a key role in a future net zero economy.
As an intense, above-average hurricane season approaches this year, Robin M. Mills analyses the possible scenarios and the potential impact on the oil and gas infrastructure along the US Gulf coast, and on the international energy industry, in his exclusive monthly column
In his exclusive monthly column, Lorenzo Totaro outlines how a skills and talent gap across the energy industry can hamper its shift toward renewables. The quality of education, investments, and recruitment processes is key as it is an innovative culture of policymakers and managers, while excessive incentives can lead to misallocations and potentially derail the whole transition, according to experts.
In his exclusive monthly column for Energy Connects, Gaurav Sharma writes that building and upscaling battery storage is mission critical for expanding the world’s renewable energy footprint
In her exclusive monthly column for Energy Connects, Vandana Hari analyses the outlook for global oil market and why crude might be headed for a period of relative calm
In his exclusive monthly column for Energy Connects, Robin Mills weighs in on the doubts and prospects for electric vehicles (EVs) to surpass petrol and diesel cars in the near future, and demonstrates why the destination is clear - even if, like a bad Google Maps direction, the journey takes longer than advertised.
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