2020 was one of the most tumultuous years for global energy in modern history — what does this mean for the energy transition and the path to net zero? The BP Statistical Review of World Energy 2021 revealed that the COVID-19 pandemic had a dramatic impact on energy markets, with both primary energy demand and carbon emissions falling at their fastest rates since World War II. Nevertheless, renewable energy continued to grow, with solar power recording its largest ever increase.
Hosted by Mark Finley, fellow in energy and global oil at the Baker Institute's Center for Energy Studies, this webinar featured a presentation of the 2021 Statistical Review’s key findings by Michael Cohen, chief U.S. economist and head of oil analysis at BP. An audience Q&A and discussion followed Cohen’s presentation.
This year marked the 70th anniversary edition of the Statistical Review. Since it was first published in 1952, the Review has provided a constant source of objective, comprehensive — and, most importantly — trusted data to help industry, governments and commentators make sense of developments in global energy markets. A link to the 2021 report can be found here.
Slides from the presentation can be viewed here.
10:00 a.m. — Presentation
10:30 a.m. — Q&A
Registration has closed.
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Michael Cohen is the chief U.S. economist and head of oil and refining in BP’s Strategy and Sustainability group. In this role, he is responsible for short-, medium- and long-term oil market and U.S. policy analysis that informs BP’s leadership team, the BP Energy Outlook and the Statistical Review.
Prior to joining BP in May 2019, Cohen was Barclays’ global head of commodities research and was responsible for preparing and delivering differentiated research on commodities markets to Barclays’ global corporate and institutional investor client base. He worked for a decade in the public sector as an economist with the U.S. Energy Information Administration, the Department of Energy’s Office of Policy and International Affairs, and as a senior member of the Oil Markets Division at the International Energy Agency. Prior to government service, Cohen worked on electricity market design for LECG (now Navigant) and as a trading desk analyst for American Electric Power.
Cohen serves as a nonresident fellow at the Colorado School of Mines and frequently lectures on energy, oil markets and geopolitics at several universities. He graduated Phi Beta Kappa with dual undergraduate degrees in business and political science from The Ohio State University and a master’s in international economics from Johns Hopkins School of Advanced International Studies.