Even before the COVID-19 pandemic, it was clear that the world is undergoing a transition away from fossil fuels and carbon-intensive sectors, towards renewable energy and clean growth. The collapse of oil demand and prices have simply compounded the challenges that oil and gas producers already faced.
What happens next will have significant implications for Norway, as one of the world’s largest exporters of both energy and capital, and for the UK, as it plans its recovery and looks ahead to its hosting of the next major climate change summit in 2021 – COP26.
While the speed and scale of the transition has always been uncertain and contested, an accelerated transition with deep implications for future oil and gas demand looks plausible.… Seguir leyendo »
The existing rules of engagement within the international climate framework – the UN Framework Convention on Climate Change (UNFCCC) – are proving inadequate for delivering the emissions reductions needed, and at the pace necessary, to meet recognized climate objectives.
The 2015 Paris Agreement established national adaptation and mitigation plans, or Nationally Determined Contributions (NDCs), in which countries committed to decarbonize their economies over the coming decades. While procedural elements of this framework are legally binding, the crucial NDCs are voluntary.
Working within this essentially constrained rules-based order in climate policy, and given countries’ reluctance to date to translate targets into structural reforms, what can be done to uphold NDCs and raise future climate ambition?… Seguir leyendo »
This week, state officials in China came together with celebrities and campaign groups to trumpet the launch by the Chinese Nutrition Society, the official source of dietary advice in China, of its latest guidelines. The revised guidelines, published last month, advise that individuals limit their meat consumption to between 40g and 75g a day, half of current consumption levels, and reflect the government’s desire to avert a looming public health crisis driven in part by rapidly shifting diets. Rising per capita meat consumption in China – coupled with falling levels of physical activity, a growing appetite for high-protein, high-calorie and high-fat foods – is contributing to rising incidence of overweight, obesity and non-communicable diseases.… Seguir leyendo »
The UK’s energy market is deeply integrated with that of its European neighbours, so the forthcoming referendum on its membership of the EU has major implications for energy and climate policy. In our new research paper, we examined five models of post-Brexit UK-EU relations, ranging from the ‘Norway’ and ‘Swiss’ models to free trade agreements such as Canada has negotiated, membership of the Energy Community and finally a ‘no deal’ option. Our conclusion is that while each option involves trade-offs for energy and climate policy, remaining inside the EU offers the best balance for Britain’s interests. We see three areas where this is particularly important: market integration, energy and climate diplomacy, and the costs and disruption caused by leaving.… Seguir leyendo »