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Topic: UK

[Episode #171] – Rejecting Russia

Ever since Russia invaded Ukraine, policymakers and energy professionals alike have been challenged to figure out how Western countries could stop funding Russia’s war machine by halting imports of their fossil fuels. But, considering that Russia is the world’s largest exporter of oil, halting imports is simply not something that can be done quickly.

It is, however, something that must be done as quickly as possible. Numerous proposals and plans have been put forward to outline how various countries could displace the need for Russian energy exports. And generally, those proposals amount to accelerating the energy transition.

In this episode, we delve into some of those proposals and try to understand how much of a role they could play in displacing Russian fossil fuel exports, how long these measures will take, and how the entire global arrangement of trade and political alliances may have to be rearranged to accommodate them.

We tackle this huge topic in a two-hour conversation with three experts. To represent how Europe could proceed, we welcome back to the show Tim Gould of the International Energy Agency (IEA). To represent the UK perspective, we welcome back to the show Simon Evans of Carbon Brief. And to represent the US perspective, we welcome to the show Rachael Grace, Senior Director of Policy at Rewiring America.

Geek rating: 7

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[Episode #158] – Global Energy Crunch

Since early July, a global energy crunch has unfolded, driving up prices for all energy fuels around the world, and then causing some power plants and manufacturing facilities to shut down. In turn, that has exacerbated problems across global supply chains, causing major delays and price increases for everything from gasoline to hard goods.

If you have been wondering why your heating bill is up, or your last tank of gasoline was so expensive, or why your local retailer is telling you that you’ll have to wait months for that new washing machine, this episode will give you at least the beginning of some answers. These are remarkable times in the energy markets, unlike anything that’s happened since the last major commodity spike of 2008.

And we are very pleased to have an analyst and editor who has been following energy and commodities since well before that last spike as our guide in this episode: Will Kennedy, executive editor for energy and commodities at Bloomberg News. Will leads us through the many, many facets of this complex picture, and then we wrap up the conversation by asking how the world’s energy leaders will respond to it as the COP 26 climate conference gets underway. This developing supply shock may give us a good clue about how the world responds to the challenges of the energy transition in the coming years.

Geek rating: 5

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[Episode #93] – Energy Transition in India and Southeast Asia, Part 2

This is Part 2 of our two-and-a-half hour interview with Tim Buckley, of the Institute of Energy Economics and Financial Analysis, based in Australia. We featured Part 1 in Episode 91, in which we primarily discussed the future of coal fired power in India. In this second part, we expand on the India story and look more broadly at energy transition across Southeast Asia, and consider the outlook for coal, renewables, and nuclear power in China, Japan, Bangladesh, Pakistan, and Malaysia, among others. As he did in Part 1, Tim shares with us in this episode a fascinating set of data on the future of energy in Southeast Asia that is oftentimes at sharp variance with the projections that we hear from energy watchdogs like the International Energy Agency. Tim tells a much more hopeful story about energy transition in the developing world. For example: If you think that China’s building more coal plants means that its coal consumption is going to go up, think again! Energy transition is moving ahead, and will move ahead, much more quickly in Southeast Asia than any of our major agencies project, and that is great news for the climate.

Geek rating: 4

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[Episode #63] – Pathways to Deep Decarbonization

As energy transition proceeds we’ll need to move well beyond decarbonizing electricity generation and into transportation and space heating powered by renewables. But we’re only beginning to figure out the pathways by which we might do that, and since each region has its own particular sources of renewable energy and its own particular needs for energy, the solutions may vary quite a bit from place to place.

When do we figure out how to decarbonize space heating and transportation? What sorts of challenges will we face in adding those loads to the electricity grid? How much additional generation, transmission, distribution capacity, and storage will we need? How will we manage such a grid? And what if, once we have transferred some of those loads to the grid, it actually starts to look cheaper to not electrify everything? Our guest in this episode has studied such questions for years, and has some surprising insights into how deep decarbonization might actually evolve.

Geek rating: 3

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[Episode #60] – Demand Flexibility

Demand response and demand flexibility—shifting demand to intervals where electricity is abundant and cheap, and away from when the grid is constrained or power is expensive and dirty—can help keep prices down, optimize the grid overall, and help us integrate more renewable supply into grid power while displacing more fossil fuels. Until recently, this has mainly meant doing simple things like turning off loads during the on-peak intervals of time of use rates. But now new technologies are coming to the grid, including artificial intelligence, machine learning, and the so-called Internet of Things, which could let us moderate loads and operate grid assets in a much more intelligent, precise, and dynamic fashion, taking grid optimization to a new level and reducing the need for peaking resources.

But this is all quite new, and how we’re going to implement it, and what it may require, largely remains to be seen. In this episode we’ll talk with Sara Bell, founder of Tempus Energy, and get a little insight into how some early pilots of these technologies are working in the UK and South Australia. We’ll also get an inside view of her campaign to revise the design of the capacity market in the UK, so that it actually benefits consumers in accordance with the law, rather than distorting markets in favor of fossil fuel incumbents.

Geek rating: 8

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