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Topic: Climate Policy

[Episode #246] – Meeting Australia’s 2030 Target

This episode is part of a miniseries about Australia’s energy transition.

In late 2024, Chris traveled to Australia and recorded interviews with a wide range of experts who are closely involved in its energy transition. The first of those interviews was featured in Episode #234, and the second in Episode #235.

In this episode, we'll see how the Australian government is working with the grid power sector to plan and execute its transition to renewables—despite a political opposition committed to fossil fuels and nuclear. We'll also explore what's being done to ensure adequate capacity and maintain system reliability during this transformation.

To tell this story, we weave together the perspectives of several guests:

  • Chris Bowen, Minister for Climate Change and Energy for the Australian Labor Party, explains Australia's decarbonization targets and the government's framework to achieve them.
  • Matt Kean, Chair of Australia's Climate Change Authority, shares his team’s findings about the best pathways to meet those targets.
  • Alex Wonhas of AMPYR shares insights from helping grid operator AEMO develop Integrated System Plans that describe how to evolve the system toward those targets while maintaining reliability.
  • Tristan Edis of Green Energy Markets discusses the technical considerations of orchestrating new grid power resources.

In the subsequent episodes in this miniseries, we’ll be exploring how Australia is using innovation to meet the challenges of the transition. We’ll also take a closer look at how they use DER integration to support the system while helping customers gain more control over their energy bills and even save money.

Guest #1:

Dr. Alex Wonhas is a veteran senior executive and thought leader who has shaped the national and state-based strategic agendas in Australia’s energy sector for more than three decades.

Through roles including Executive General Manager at AEMO, Managing Director at Aurecon, and Executive Director at CSIRO, he has worked extensively with governments and industry in the Energy and Resources sector on issues ranging from strategic investment decisions in a complex and rapidly changing market environment, development and procurement of new large-scale infrastructure, impact of new technologies, to operational and organisational improvement. He is currently the CEO of AMPYR Australia.

Alex has served on a range of energy and resources related advisory committees and boards, including the Energy Corporation of New South Wales, CSIRO Chile, Evergen, CO2CRC, ANLEC, and the Australian Solar Institute. He has a PhD in Theoretical Physics from the University of Cambridge.

On LinkedIn: https://www.linkedin.com/in/alexwonhas/

Guest #2:

Chris Bowen is Minister for Climate Change and Energy for the Australian Labor Party, representing Prospect, New South Wales in the House of Representatives. He has held a wide range of portfolios including serving as Treasurer, Minister for Human Services, Minister for Immigration, Minister for Financial Services, Assistant Treasurer, Minister for Competition Policy, Minister for Small Business and Minister for Tertiary Education. Chris has been responsible for a range of significant policy reform programs in these portfolios.

He served as Interim Leader of the Labor Party and Acting Leader of the Opposition following the 2013 Federal election and served as Shadow Treasurer.

On Twitter: @bowenchris

On the Australian Government website: https://www.aph.gov.au/Senators_and_Members/Parliamentarian?MPID=DZS

On the Web: https://www.chrisbowen.net/

Guest #3:

The Hon. Matt Kean is the Chair of Australia’s Climate Change Authority. He is also the Director of Regulatory Affairs and Strategic Partnerships at Wollemi Capital.

Matt was most recently the New South Wales (NSW) Government Shadow Minister for Health. He was Deputy Leader of the NSW Liberal party from August 2022 until March 2023. Throughout his 13-year political career, Matt also held ministries of Innovation and Better Regulation, Treasury, Energy and Environment. He was the local New South Wales Government member for Hornsby from 2011 until 2024.

As Treasurer and Energy Minister of NSW, Matt championed climate action that is in the best interests of households and businesses. In 2020, he delivered the Electricity Infrastructure Roadmap: A 20-year plan for NSW’s energy infrastructure. The roadmap spurs private investment in renewable energy while reducing emissions and power bills for the people of NSW.

On Twitter: @Matt_KeanMP

On LinkedIn: https://www.linkedin.com/in/matt-kean-mp/

On the Web: https://www.climatechangeauthority.gov.au/

Guest #4:

Tristan Edis has worked on commercial and policy initiatives for the energy transition for 24 years.

Currently he is the Director of Analysis and Advisory at Green Energy Markets. He undertakes research to support clients making investment, trading and policy decisions related to energy and carbon abatement markets.

Tristan has written extensively on how to improve the energy system and markets to deliver reliable and affordable energy while also addressing climate change.

Previously, he has worked in the Clean Energy Council for the Australian Government, Ernst & Young, and the Grattan Institute think tank. He was also the editor of a clean energy news website called Climate Spectator.

On Twitter: @TristanEdis

On LinkedIn: https://www.linkedin.com/in/tristan-edis-7b107998/

On the Web:  https://www.greenmarkets.com.au/

Tristan’s research papers in IEEFA

Tristan’s articles in AFR

Tristan’s articles in The Guardian

Tristan’s articles in Watt Clarity

Tristan’s articles in Renew Economy

Tristan’s articles in Inside Story

Tristan’s articles in The Australian

Geek rating: 5

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[Episode #245] – Evolving the UK Energy System Part 3

In the first part, Episode #240, we reviewed the UK's unique strategies for procuring energy transition solutions. In the second part, Episode #241, we covered how the nation’s energy regulator is driving investment to support the transition.

To conclude this miniseries, we welcome back Julian Leslie, who first joined us in Episode #174. Julian is now Director of Strategic Energy Planning and Chief Engineer at Britain’s National Energy System Operator (NESO), a recently-created agency tasked with preparing Great Britain's electricity network for net zero operation by 2030. He also coordinates regional and national plans for Britain’s energy system—including gas and emerging heat networks—to meet decarbonization targets.

In this conversation, we review the progress of the innovative Pathfinder programs we discussed back in 2022, which invited the market to provide solutions that could help Britain integrate more wind and solar into its grid. We walk through the extensive process that NESO is undertaking to plan and coordinate the development of a fully decarbonized power grid by 2030. And we discuss in detail how Britain is working to massively expand its capacity in offshore and onshore wind, solar, transmission, and battery storage to meet that goal.

By setting clear decarbonization targets, then collaborating with industry and stakeholders to carry out plans to meet them, the UK is showing the world how to execute a successful energy transition. We hope this miniseries inspires other nations to follow their example.

Guest:

Julian Leslie is Director of Strategic Energy Planning and Chief Engineer at the UK’s National Energy System Operator (NESO). Julian is a chartered engineer with three decades of transmission system operation, planning and investment experience. Julian’s role is to prepare Great Britain’s electricity network for net zero operation, defining future network needs so that market and network owners can invest in the right technology solutions at the right time. Julian is also developing whole energy system plans on a national and regional basis.

On Twitter: @JulianLeslie6

On the Web:  Julian’s profile at NESO

Geek rating: 7

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[Episode #244] – Rethinking Industrial Strategy

What makes for effective and enduring green industrial policy? How can public and private investment mobilize to achieve the Paris Agreement’s 1.5°C goal? Can Trump undermine climate science and the global energy transition, or will the rest of the world carry on without the US? Which policy designs can drive equitable green growth, ensuring the energy transition benefits economically disadvantaged and indigenous communities?

Today’s guest, Mariana Mazzucato, is a Professor in the Economics of Innovation and Public Value at University College London and the Founding Director of the UCL Institute for Innovation & Public Purpose. An author of four influential books on shaping capitalism, growth, and economic policy for the public good, she advises governments worldwide on innovation-led inclusive and sustainable growth. She chairs several governmental and inter-governmental organizations and produces reports designed to shape economic policies, particularly in the developing world.

In these challenging times of economic upheaval, Mariana’s ideas offer valuable guidance for policymakers as they craft industrial strategies to advance the energy transition.

Guest:

Mariana Mazzucato is Professor in the Economics of Innovation and Public Value at University College London, where she is Founding Director of the UCL Institute for Innovation & Public Purpose (IIPP). Her previous posts include the RM Phillips Professorial Chair at the Science Policy Research Unit at Sussex University.

She is winner of international prizes including the Grande Ufficiale Ordine al Merito della Repubblica Italiana in 2021, Italy’s highest civilian honour, the 2020 John von Neumann Award, the 2019 All European Academies Madame de Staël Prize for Cultural Values, and the 2018 Leontief Prize for Advancing the Frontiers of Economic Thought. She is a member of the UK Academy of Social Sciences (FAcSS) and the Italian Academy of Sciences Lincei. Most recently, Pope Francis appointed her to the Pontifical Academy for Life for bringing ‘more humanity’ to the world.

She is the author of The Entrepreneurial State: debunking public vs. private sector myths (2013), The Value of Everything: making and taking in the global economy (2018), Mission Economy: a moonshot guide to changing capitalism (2021) and The Big Con: How the Consulting Industry Weakens our Businesses, Infantilizes our Governments and Warps our Economies (2023).

She advises policy makers around the world on innovation-led inclusive and sustainable growth. Her roles have included for example Co-Chair of the Group of Experts to the G20 Taskforce on a Global Mobilization against Climate Change, Chair of the World Health Organization’s Council on the Economics of Health for All, Co-Chair of the Global Commission on the Economics of Water, Co-Chair on the Council on Urban Initiatives, Commissioner for the Jubilee Report on Addressing the Debt and Development Crises in Countries from the South, and member of the South African President’s Economic Advisory Council. Previously, through her role as Special Advisor for the EC Commissioner for Research, Science and Innovation (2017-2019), she authored the high-impact report on Mission-Oriented Research and Innovation in the European Union, turning “missions” into a crucial new instrument in the European Commission’s Horizon innovation programme, and more recently, authored a report with the UN’s Economic Commission for Latin America and the Caribbean (ECLAC) on Transformational Change in Latin America and the Caribbean: A mission-oriented approach.

On Bluesky: @mazzucatom.bsky.social

On Twitter: @MazzucatoM

On Substack marianamazzucato.substack.com

On the Web:  https://marianamazzucato.com

UCL profile page: https://profiles.ucl.ac.uk/61409-mariana-mazzucato/about

Geek rating: 7

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[Episode #242] – IEA Outlook 2025

What important trends are shaping the energy transition today? And what is the outlook for oil and gas demand?

In this conversation, Tim Gould of the International Energy Agency (IEA) returns to discuss key insights from the agency’s flagship annual report, the World Energy Outlook 2024. We consider the enormous implications of IEA’s view that global demand for all fossil fuels will peak and begin a slow decline within the next five years. To explore this, we take a closer look at the state of the oil and gas industry, comparing its expectations to what climate science and energy system modeling tell us about the future of fossil fuels. We also consider how the energy transition could reduce overall demand for fossil fuels, creating excess supply imbalances that reshape global markets and trade geopolitics.

Our discussion also touches on the IEA’s forecast that low-emission electricity sources like solar, wind, and nuclear will account for more than half of global power generation before 2030. Further, we explore the rising energy demand from data centers, shifting expectations for hydrogen, and the investments needed to keep clean energy growing at a pace that meets our climate targets.

Guest:

Tim Gould is co-head of the World Energy Outlook series at the Paris-based International Energy Agency (IEA). He designs and directs the work together with the IEA’s Chief Energy Modeller and contributes to the Outlook as a principal author. He also oversees the Agency’s analysis of energy investment and finance, including the World Energy Investment series. Tim has been at the IEA since 2008, and joined initially as a specialist on Russian and Caspian energy before going across to join the World Energy Outlook team under the (then) Chief Economist, Fatih Birol, who is now the IEA’s Executive Director. Before IEA, he worked on European and Eurasian energy issues in Brussels and also spent ten years working in Eastern Europe, primarily in Ukraine. He studied at Oxford University and Johns Hopkins SAIS.

On Twitter: @tim_gould_

On the Web:  http://www.iea.org

Geek rating: 7

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[Episode #231] – Five Times Faster

Why have our climate policies failed to significantly reduce carbon emissions? What new strategies could help us decarbonize the global energy system five times faster — as is needed to avoid the worst climate scenarios?

Our guest in this episode believes he has some answers to these questions.

Simon Sharpe has been personally involved in the crafting of climate policy in the UK for over a decade. He designed and led flagship international campaigns for climate policy in 2020-2021, when the UK hosted COP26, and has held key roles in the UK Government, including as head of a private office to a minister of energy and climate change. His diplomatic experience includes postings in China and India. Currently, he is Director of Economics for the Climate Champions Team and a Senior Fellow at the World Resources Institute. Simon has published influential academic papers and created groundbreaking international initiatives in climate change risk assessment, economics, policy, and diplomacy.

In his 2023 book, Five Times Faster—Rethinking the Science, Economics, and Diplomacy of Climate Change, Simon lays out why the institutions of science, economics, and climate diplomacy that should be helping us are holding us back. Chapter by chapter, he forensically analyzes why so many of our climate policies have failed to produce the desired results, demonstrating how science is pulling its punches, diplomacy is picking the wrong battles, and economics is fighting for the wrong side. More importantly, he outlines how to develop alternative policies that could actually work.

Guest:

Simon Sharpe is Director of Economics for the Climate Champions Team and a Senior Fellow at the World Resources Institute. He designed and led flagship international campaigns of the UK’s Presidency of the UN climate change talks (COP26) in 2020-2021; worked as the head of private office to a minister of energy and climate change in the UK Government; and has served on diplomatic postings in China and India. He has published influential academic papers and created groundbreaking international initiatives in climate change risk assessment, economics, policy and diplomacy.

On the Web: fivetimesfaster.org

Geek rating: 6

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