{"id":3993,"date":"2024-01-24T09:00:27","date_gmt":"2024-01-24T17:00:27","guid":{"rendered":"https:\/\/xenetwork.org\/ets\/?post_type=xen_episodes&p=3993"},"modified":"2024-01-23T13:21:35","modified_gmt":"2024-01-23T21:21:35","slug":"episode-216-cop28-and-the-outlook-for-oil","status":"publish","type":"xen_episodes","link":"https:\/\/xenetwork.org\/ets\/episodes\/episode-216-cop28-and-the-outlook-for-oil\/","title":{"rendered":"[Episode #216] \u2013 COP28 and the Outlook for Oil"},"content":{"rendered":"

Following from the December COP28 climate summit, we find ourselves at a pivotal juncture with the world\u2019s governments clearer than ever about \u201ctransitioning away from fossil fuels.\u201d Now, what is next for the oil sector and for all of us\u2014the consumers of oil? Is COP\u2019s sweeping announcement setting a ceiling for the global ambition on climate, or merely a floor?<\/p>\n

As oil is phased out sector-by-sector, how can the electrification of vehicles handle demand for road transport? And what about the sectors where substitutes are still a work in progress, like petrochemicals, aviation and shipping? Is it really feasible to phase out oil completely, as we discussed with the IEA in the previous episode<\/a>? <\/p>\n

In this episode, we explore these questions with Anand Gopal, the Executive Director of Policy Research at Energy Innovation, an energy transition think tank based in San Francisco. We review the findings from several of Energy Innovation\u2019s recent reports, we discuss the outlook for oil demand, and we get Anand\u2019s first-person observations from this year\u2019s COP.<\/p>\n","protected":false},"excerpt":{"rendered":"

What will cause global demand for oil to peak and decline until it reaches zero by 2050?<\/p>\n","protected":false},"author":4,"featured_media":0,"menu_order":0,"comment_status":"open","ping_status":"open","template":"","meta":{"_acf_changed":false,"footnotes":""},"categories":[111],"tags":[916,351,88,1153,1184,34,223,1186,1150,12,1183,1185,1182,414,833],"class_list":["post-3993","xen_episodes","type-xen_episodes","status-publish","hentry","category-energy-transition-show-podcasts","tag-aviation","tag-carbon-budget","tag-ccs","tag-cop28","tag-hydrocarbons","tag-hydrogen","tag-oil","tag-oil-demand","tag-oil-majors","tag-peak-oil","tag-petrochemicals","tag-plastic","tag-plastics","tag-shipping","tag-transport","xen_guests-anand-gopal"],"acf":[],"yoast_head":"\n[Episode #216] \u2013 COP28 and the Outlook for Oil | The Energy Transition Show<\/title>\n<meta name=\"description\" content=\"What will cause global demand for oil to peak and decline until it reaches zero by 2050?\" \/>\n<meta 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