Topic:

Topic: Carbon Prices

Latest

[Episode #180] – Transition in Alberta

Aug 31 2022

Full Episode

Alberta is the seat of the Canadian oil & gas industry, as well as a major coal producer, so it has historically struggled to align with the energy transition - focusing more on pipelines than turbines. But Alberta is changing. Now, the province has implemented numerous policies designed to support the transition, installing a significant amount of wind and solar power generation capacity. According to the Alberta Electric System Operator, 14% of the province’s electricity generation in 2020 was from renewable energy sources such as wind, hydro and solar.

In this episode, we are joined by energy expert Dr. Sara Hastings-Simon to discuss the challenges and opportunities for energy transition in Alberta. She is an Assistant Professor in the Department of Physics and Astronomy and School of Public Policy at the University of Calgary in Alberta, Canada, where she directs the Masters of Sustainable Energy Development program. She is an expert in energy, innovation, and climate policy, and her work is focused on understanding how energy and industrial transitions happen within different sectors of the economy, and how policy responses can improve outcomes. She is also the co-host of the Energy vs. Climate podcast, which will run this conversation on their podcast feed as well.

We talk about the recent history of the various efforts to build pipelines and LNG facilities to export more Canadian oil and gas; the outlook for exports of hydropower; the progress of Canada’s coal phase-out; and the potential for expanding renewable generation in the province, including geothermal. Sara also shares her perspective on how Canada’s carbon tax regime has played out.

Geek rating: 5

(more…)

[Episode #176] – Climate Scenarios vs. Reality

Jul 6 2022

Mini Episode

Why do so many decarbonization scenarios rely on carbon capture and sequestration (CCS) to play a major role in the world's energy transition portfolio when it really doesn’t even exist as a commercial technology? Why does the IPCC's climate mitigation strategy model countries as if they would implement the same policy for carbon pricing across all sectors, when we know that’s just not how the world operates? Why do models dodge attempts to reflect the fragmented, irrational, and irregular way that the world actually works, when we know for a fact that the transition is going to be a bumpy ride into a hazy future?

If globally coordinated carbon pricing never materializes, and CCS never has a real market opportunity as our integrated assessment models assume, where will that leave us in developing meaningful policies and taking action on climate change? And why aren’t other people asking this vital question?

In this episode, Dr. Ida Sognnaes, a Senior Researcher at the CICERO Center for International Climate Research, explains how the integrated assessment models (IAMs) used in IPCC reports are constructed, what assumptions modelers make, and how the very design of IAMs can bias them toward certain outcomes—including the role of CCS as a climate mitigation strategy. She also offers further evidence that the world is currently on a trajectory for between 2 and 3 degrees of warming by the end of the century, and shares her perspective on why the climate modeling community has been so reluctant to just say that plainly.

Geek rating: 8

(more…)

[Episode #141] – Making Climate Policy Work

Feb 17 2021

Mini Episode

Why have nearly all attempts to price carbon failed, while targeted policies to achieve certain objectives, like phase out coal plants or increase wind and solar generation, succeeded? And how can we design climate policies that are truly effective?

In their new book, Making Climate Policy Work, Danny Cullenward and David Victor argue that policymakers and policy advocates rely too heavily on market forces to combat climate change, and instead should be focusing on smart, targeted industrial policy strategies aimed specifically at reducing greenhouse gases. Market-based climate policies are doing very little to reduce emissions today, they say, but with careful reforms, markets can be harnessed to help us make meaningful progress against the climate challenge.

In this episode we speak with one of the authors and try to distill a recipe for good climate policy from their book.

Geek rating: 5

(more…)

[Episode #132] – The Future of Solar

Oct 14 2020

Mini Episode

How did the solar industry grow up so quickly over the past 15 years, and what does its future look like? In this episode, we talk with the founder of the solar team at Bloomberg New Energy Finance, who’s had a front-row seat to the industry’s development, about the many booms and busts it has seen over the past 15 years, and about what we should expect from the sector going forward. Does solar need a big new innovation to keep growing and displacing fossil-fueled power plants, or does it just need to keep going on its existing trajectory? How much cheaper can solar get? For that matter, is continuing to get cheaper even desirable? And how much can solar do to help lift the developing world out of poverty? We answer these and many more questions in this episode.

Geek rating: 5

(more…)