Energy - Climate
In the face of the climate emergency and geopolitical confrontations, how can we reconcile security of supply, competitiveness, accessibility, decarbonization and acceptability? What policies are needed?
Related Subjects
Oil rent and Corruption : the case of Nigeria
This study analyses the various mechanisms that explain the leakage of the main source wealth in Nigeria at all levels of the production and commercialization of oil and gas, from the wellheads, with the bunkering of pipelines, up to the export of crude oil and the import of refined products, including through capital flight to tax havens.
Total CEO Steps Into Eye of Saudi Storm as Other Bosses Balk
Total SA boss Patrick Pouyanne proved once again that he’ll go where other business leaders fear to tread. The storm in Saudi Arabia caused by the killing of dissident journalist Jamal Khashoggi was too much for the chief executive officers of Siemens AG and BlackRock Inc., who pulled out of an investment conference in Riyadh this week. But the head of France’s oil giant didn’t just show up, he maintained a high profile.
The US Oil Embargo on Iran: A New Oil Shock?
The 14 July 2015 Vienna agreement on Iran’s nuclear activities (Joint Comprehensive Plan of Action – JCPoA) was a game changer on the geopolitics in the Middle East and for the oil market. The oil sanctions were lifted and Iran increased significantly its production and exports. On 8 May 2018, President Trump announced that the United Stated (US) would withdraw from the agreement. Financial sanctions were reintroduced. From 5 November 2018 onwards, further sanctions will be re-imposed more specifically on petroleum related transactions, including the purchase of petroleum, petroleum products and petrochemical products. What could be the impact of this new embargo? Is there a risk of a new oil supply and price shock?
The Next Wave of Global LNG Investment Is Coming
With an annual growth of 10% in 2017 to 290 million tons (Mt) and 8.3% in the first half of 2018, Liquified Natural Gas (LNG) demand is rising faster than expected. Accounting for 44% of global demand growth in 2017, China is the main driver of the growth as the government has made natural gas a key policy choice to reduce air pollution and restructure its high-carbon energy mix.
Brexit, Electricity and the No-Deal Scenario: Perspectives from Continental Europe, Ireland and the UK
When it comes to energy and electricity in particular, there can be no winner in the Brexit negotiations. The only reasonable objective should be to minimise losses and avoid trade friction.
Belgium's creaky nuclear reactors raise risk of winter power outages
Belgium is slowly phasing out its aging nuclear energy infrastructure. But looming winter weather, limited renewable options and a poorly connected electricity network have left the country at risk of blackouts.
Japan’s Hydrogen Strategy and Its Economic and Geopolitical Implications
With the Basic Hydrogen Strategy (hereafter, the Strategy) released on December 26, 2017, Japan reiterated its commitment to pioneer the world’s first “Hydrogen Society”. The Strategy primarily aims to achieve the cost parity of hydrogen with competing fuels, such as gasoline in transport and Liquified Natural Gas (LNG) in power generation.
Booming Prices on the European Emission Trading System: From Market Oversupply to Carbon Bubble?
Since its creation in 2005, the European emission trading system (EU ETS) has been through several periods of turmoil. With emission allowances (EUA) averaging around 7 euros per ton from 2012 to 2017, European Member States have been trying to remedy the depressed price signals successively through market design reforms at both European level (backloading, market stability reserve) and national level, with the UK introducing a carbon price floor for its domestic power sector in 2013.
Xi Jinping’s Institutional Reforms: Environment over Energy?
During its two sessions (lianghui) in March 2018, the National People’s Congress (NPC) announced China’s most important institutional reforms in the last 30 years. These changes occurred right after Xi Jinping consolidated his power and at a time when stakeholders working in the energy field were expecting more clarity on policy orientations.
COMMENT: Does the Trump-led trade war with China threaten US energy dominance?
President Trump is using tariffs and quotas as weapons in his trade dispute with China. Sylvie Cornot-Gandolphe and Jean-François Boittin of think tank the French Institute of International Relations (IFRI) argue that his actions threaten US energy dominance worldwide.
Energy Security, Transnational Pipelines and China's Role in Asia
In recent decades, China's transformation from a regional energy supplier to one of the world's largest net energy importers, in particular with regards to oil and gas, has led to an increasing sense of energy insecurity in Chinese policy circles. Guaranteeing adequate supplies of energy to fuel economic growth is a central element in Beijing's efforts to maintain legitimacy in the face of economic reform and transformation. To combat energy insecurity a number of initiatives are being undertaken to diversify energy inputs, suppliers, and the means of their transport.
Who Needs OPEC - Russia steps up to the Plate ?
News that Conoco will sell off a significant portion of its Russian holdings is couched in terms of various corporate strategies that make all this perfectly normal. Conoco is said to need cash and will anyway have a 10% share remaining in Lukoil that will provide them some degree of influence in corporate decisions.
German Power Options: Lack of Clarity Will Be Costly
The German environment minister Norbert Röttgen (CDU) revived the German debate about the future of nuclear power in February when he argued for a limited lifetime extension of Germany’s nuclear plants.
Security of Supply Is Indivisible
The European gas market has an unusually large number of moving parts just now. Demand forecasts are buffeted by announcements of great expectations in de-carbonizing the energy mix, differing expectations on the longer term economic growth path and a range of assessments on how soon Europe will recover from the economic recession.
Getting Carbon Out: Tougher Than it Looks. An Assessment of EU, US & Chinese Pledges
This paper intends to examine the emissions trajectories of the three largest emitters, China, the US and the European Union through the optics of indicators and assess the feasibility of their targets for 2020.
The Institutions of Energy Governance in China
International collaboration, in any form, requires trust, and such trust is built on understanding. In the case of collaboration in the field of energy, potential partners need to have an appreciation of frameworks for energy governance in each others’ countries. Only then can they accurately interpret the data, the statements and the declared commitments provided by other parties. Nowhere is this ignorance of greater relevance to today’s challenges than the case of China.
Oil Markets Range-bound?
We have heard admonitions about peak oil and that we have already passed the geologic peak of world oil production capacity. On the other hand, the IEA warns that if we continue our present patterns of energy consumption, we will need the equivalent of four Saudi Arabia’s in new oil production capacity by 2030 - seemingly at ease that the oil is geologically out there.
Implementing the EU Climate and Energy Package with the Economic Crisis
Support independent French research
Ifri, a foundation recognized as being of public utility, relies largely on private donors – companies and individuals – to guarantee its sustainability and intellectual independence. Through their funding, donors help maintain the Institute's position among the world's leading think tanks. By benefiting from an internationally recognized network and expertise, donors refine their understanding of geopolitical risk and its consequences on global politics and the economy. In 2024, Ifri will support more than 70 French and foreign companies and organizations.
Related centers and programs
Center for Energy & Climate
Ifri's Energy and Climate Center carries out activities and research on the geopolitical and geoeconomic issues of energy transitions such as energy security, competitiveness, control of value chains, and acceptability. Specialized in the study of European energy/climate policies as well as energy markets in Europe and around the world, its work also focuses on the energy and climate strategies of major powers such as the United States, China or India. It offers recognized expertise, enriched by international collaborations and events, particularly in Paris and Brussels.