Global leaders met in Dubai this month for the 28th annual United Nations Conference of the Parties on climate change — known as COP28. In the lead-up to the conference, our expert panel broke down the key political and policy issues at play.
Mark Finley, Kristian Coates Ulrichsen, Jim Krane, Rachel A. Meidl, Joe BarnesNovember 29, 2023
Almost all of the progress the U.S. has made toward its Paris Agreement target for 2025 has come from falling CO2 emissions from energy use. But greater declines in other greenhouse gas emissions are needed to reach our goal, writes fellow Mark Finley.
The Russian invasion of Ukraine unleashed the use of energy resources as geopolitical “weapons.” But oil and natural gas have followed markedly different paths over the past year, with unexpected results. Why? And what lessons can policymakers learn from these experiences?
OPEC+, which is led by Saudi Arabia and Russia, announced this week that it is cutting oil output by 1.2 million barrels per day starting in May. This amounts to removing roughly 1% of oil from the global market. Our experts discuss the far-reaching consequences of this move for U.S. gas prices, American energy security, and U.S.-Saudi relations.
David M. Satterfield, Mark Finley, Jim Krane, Kristian Coates UlrichsenApril 5, 2023
The short days and winter storms of January have kept drivers off the roads—lowering the demand for gas and increasing the available supply. Yet, oil prices are still rising as the Russia-Ukraine war continues to disrupt global energy markets. We discuss the latest market trends and developments in global energy markets— including the European Union embargo on Russian oil exports and the price caps that G-7 nations are preparing to set on Russian diesel, kerosene and oil.
David M. Satterfield, Gabriel Collins, Mark Finley, Anna B. MikulskaFebruary 3, 2023
Using a framework based on vulnerability, risk and offsets provides valuable insights for evaluating the security of an energy system in transition, writes energy fellow Mark Finley.