In this latest podcast from the OIES China programme, Anders Hove and Michal Meidan discuss the future of fossil fuel demand in China, what this means for the country’s import requirements and the geopolitical implications of these trends. China is currently the world’s largest oil importer and is on track to becoming the largest LNG buyer. In this podcast, Michal and Anders discuss how long China’s reliance on imported oil and gas will continue as well as some of the drivers that inform different scenarios. While there are different outlooks for peak demand and for the speed with which oil an ..read more

David Ledesma discusses with Mohua Mukherjee what to expect from the Indian Carbon Market which is under preparation at the moment and will be launched later in 2023.  India, like other signatories to the Paris Agreement, will be setting up its emission trading rules as per Article 6 of the Agreement. India was the second largest issuer of Certified Emission Reductions (CERs) under the Clean Development Mechanism, which was the predecessor to today’s carbon market. Therefore, the country already has considerable experience in the carbon offset market, which is the so-called voluntary mark ..read more

In this podcast from the OIES China programme, Michal Meidan talks to Philip Andrews-Speed and Anders Hove about their forthcoming paper. They discuss the importance of rare earths, how China became dominant in its mining and processing and how Western governments are responding to this vulnerability. Rare earth elements are becoming increasingly important for the low-carbon energy transition given their application in batteries and permanent magnets for wind turbines and electric vehicles. Today, China accounts for about 70 per cent of rare earth ore extraction and about 90 per cent of proces ..read more

David Ledesma discusses with Nnaziri Ihejirika the development of Carbon Capture, Usage and Storage (CCUS) in Canada and government regulation. To support the broad adoption of CCUS in Canada, the government has introduced two fiscal and regulatory levers – carbon pricing and an investment tax credit (ITC). Federal output-based pricing system (OBPS) for carbon, introduced in 2018, will see the cost of CO2 escalate from $65/tCO2e in 2023 to $170/tCO2e by 2030. On the other end of the carrot-stick dynamic, the ITC provides a rebate, approximately 20–30 per cent, of project costs associated with ..read more

In this latest OIES podcast, brought to you by the OIES Gas Research Programme, James Henderson talks to Katja Yafimava about her recent OIES paper “EU solidarity in a time of crisis: even with a will the way still looks difficult.” In the discussion Katja addresses the key issue that although Europe currently appears to be in a relatively benign position with regards to meeting its gas demand, it may not be so lucky in the winter of 2023/24, with the risks particularly high for Central and Eastern Europe. As a result, she argues that recent EU legislation, which includes energy solidarity mea ..read more

In this podcast, David Ledesma engages in a conversation with Alex Patonia and Rahmat Poudineh on their recent paper focusing on hydrogen storage for a net-zero carbon future. The podcast delves into the various types of hydrogen storage options, highlighting their relative strengths and drawbacks. In order for a hydrogen economy to be established, several key factors must be addressed, including efficient and decarbonized production, adequate transportation infrastructure, and the deployment of suitable hydrogen storage facilities. However, hydrogen presents unique challenges when it comes to ..read more