Russia’s invasion of Ukraine has pushed Europe to reconsider its energy mix. Migrating away from Russian supply chains has become a priority, and Europe is looking at nuclear as one possible alternative. But opinions about nuclear energy vary throughout the European Union, where a quarter of all electricity comes from often aging reactors in a dozen countries.
For insight into how the pressures of energy security and climate change could affect the future of nuclear energy on the continent, host Bill Loveless spoke with Mark Hibbs, a nonresident senior fellow in the Nuclear Policy Program at the Carnegie Endowment for International Peace.
Based in Germany, Mark focuses on international nuclear trade and nonproliferation as well as policy concerning the generation of nuclear power. Before joining Carnegie in 2010, he spent more than 20 years as an accomplished editor and senior correspondent with Nucleonics Week and other nuclear energy publications at S&P Global Platts.
Bill and Mark spoke about the outlook for nuclear energy in Europe as the war persists, the potential of new reactors as an alternative to Russian oil and natural gas, and the safety of Ukraine’s nuclear reactors amid the war.
Despite some setbacks, Europe is considering a ban on Russian oil, a major step toward energy independence from Russia. Meanwhile, Russia’s demand that buyers pay for its natural gas in rubles has put European consumers in a tough spot and has led Russia to cut off gas exports to Bulgaria and Poland.
All of this puts Europe in the middle of an energy crisis – with no clear end in sight.
For a look at whether Europe can stand against Russia without compromising its own energy supply and continue to make progress on its clean energy goals, host Jason Bordoff speaks with Kadri Simson. She’s the European Commissioner for Energy and works to ensure Europe has affordable, sustainable, and secure sources of energy.
Before joining the European Commission in 2019, she was Estonia’s Minister for Economic Affairs and has held various other positions in the Estonian government.
During her recent visit to Columbia University, Commissioner Simson and Jason discussed various aspects of the European energy market including Europe’s natural gas demand, the importance of Russia’s diesel and refined products, and the continent’s nuclear future.
For a look at how commodities should be regulated and how policymakers think about energy supplies in a fractious geopolitical environment, host Jason Bordoff spoke with Javier Blas from Bloomberg News. He’s a leading energy columnist and commodities expert with a renowned career at top media outlets like the BBC and the Financial Times.
He’s also the author of a new book: “The World for Sale: Money, Power, and the Traders Who Barter the Earth's Resources,” co-authored with senior Bloomberg News reporter Jack Farchy.
The pair have been on the show previously to discuss the book in detail, which you can listen to here. They also participated in a recent event with Maria Jelscu Dreyfus, CEO and Founder of Ardinall Investment Management which you can watch here.
In this discussion, Javier focuses on the implications of the current war for commodities markets and the global clean energy transition.
Russia’s invasion of Ukraine has sent oil and natural gas markets for a loop.
But less attention has been paid to the implications of the war for global energy and food security, particularly for the world’s least developed countries (LDCs).
For a deep dive into whether Western nations can still fulfill the climate finance promises made to LDCs in the midst of an unfolding global conflict and energy crisis in Europe, host Bill Loveless turned to Dr. Harry Verhoeven.
He’s a Senior Research Scholar at the Center on Global Energy Policy who has collaborated extensively with key policy actors including the World Bank, the European Union, the United Nations and governments around the world. He is also the founder and Convenor of the Oxford University China-Africa Network.
In this conversation, Dr. Verhoeven outlines how the Russia-Ukraine conflict is destabilizing prices for certain food commodities like wheat and what the Russia-Ukraine war means for energy transitions of countries like Angola, Sudan and Mozambique.
Recently, Dr. Verhoeven authored a paper on the topic for CGEP called “International Energy Markets and Food Insecurity in the Least Developed Countries: The Russia-Ukraine Crisis and Beyond.” Soon, the Organization for Economic Cooperation and Development will release another report by Harry on the same topic.
Russia’s war on Ukraine is largely to blame for high energy prices in Europe as the continent competes with Asia for already tight supplies of non-Russian gas. And the scramble for alternatives to Russian gas has reached the US, where prices have doubled since the beginning of the year.
For a look at what the future holds for natural gas markets, host Jason Bordoff spoke with Ira Joseph. He’s the head of global generating fuels and electric power pricing at S&P Global Platts.
Ira has decades of experience researching the gas sector and previously worked at the PIRA Energy Group, where he started the firm’s European gas and power and Global LNG Service in 1999.
The pair discussed the factors contributing to the abnormally high gas prices and the implications for energy security, the clean energy transition and global climate commitments.
Russia’s oil and natural gas commodities get a lot of attention, but the country’s critical metals and minerals supplies – which include steel, titanium, nickel, cobalt and lithium – are also cause for concern.
Moscow’s military invasion of Ukraine could disrupt the global supply of these materials, which can be found in every corner of our lives. Notably, these minerals are essential components of clean energy technologies like solar panels, wind turbines and batteries for electric vehicles.
For a look at how global supply chains of critical minerals will be crucial to the energy transition – and how these supply chains can be managed effectively – host Bill Loveless spoke with Abigail Wulf. She’s the Vice President and Director of Critical Minerals Strategy at SAFE, a nonpartisan organization that promotes U.S. energy security policies.
Previously, she was a Senior Science Communicator at NASA where she worked to promote NASA's Earth Science research.
In this conversation, they discuss the implications of the war for critical mineral supply chains, China’s control over mineral processing facilities and steps the US government could take to develop sustainable mining projects.
Wildfires, extreme heat and particulate matter from fossil fuel power plants are increasingly affecting the well-being of people in the U.S. and other countries.
In this episode, host Bill Loveless visits with Dr. Renee Salas about the adverse impacts of climate change on public health. As a leading public health researcher and emergency medical doctor, Dr. Salas has published extensively and testified in Congress on the impact of climate change on healthcare and the medical system.
She served as the lead author of the Lancet Countdown on Health and Climate Change U.S. Brief since 2018.
Dr. Salas is a Yerby Fellow at the Center for Climate, Health, and the Global Environment at Harvard’s T.H. Chan School of Public Health. She is also a practicing emergency medical physician at Massachusetts General Hospital and an assistant professor of emergency medicine at Harvard Medical School.
They bring us a compelling conversation about the mindset shift necessary to address the climate health crisis head on.
Earlier this month, a delegation of senior U.S. officials made an unexpected visit to South America to meet with Venezuelan President Nicolás Maduro.
The visit caused a flurry of speculation. Will the United States consider easing oil sanctions on Venezuela to replace Russian crude? Such a move could have huge ramifications for Venezuela’s oil exports but involves navigating a complicated relationship with the Maduro regime.
For a look into how this could work, host Bill Loveless spoke with Dr. Luisa Palacios, a Senior Research Scholar at the Center on Global Energy Policy and former Chairwoman of Citgo Petroleum Corporation.
Luisa was on the show a few months ago for a conversation about the energy transition in Latin America. She returns to discuss a paper she recently co-authored: “Venezuela Oil Sanctions: Not An Easy Fix.”
Together, they discuss the potential ripple effects of easing sanctions on Venezuela as oil prices spike around the globe.
Heavy Russian airstrikes continue in Ukraine with no end in sight.
As the conflict escalates, rising oil prices are causing alarm about the future of global energy markets. So far, sanctions issued by the European Union have spared Russia’s energy exports, but some European Commission officials have started to call for an oil embargo.
To make sense of the recent oil price volatility, host Jason Bordoff called on energy expert Ed Morse. Morse has been focused on energy policy and commodities since the 1970s and is currently the managing director and global head of commodity research at Citigroup.
He was a senior fellow at the Council on Foreign Relations and served as the deputy assistant secretary of state for energy policy in both the Carter and Reagan administrations.
Together, they discuss what Russia’s invasion of Ukraine means moving forward for global oil supplies and prices at the pump.
An increased demand for energy following COVID-19 lockdowns created a severe energy supply crunch in Europe this winter. And now, decisions from corporate executives and government leaders to reduce or outright ban the purchase of Russian oil has forced energy prices even higher. For a look at how energy markets can be leveraged to end Russia’s war in Ukraine and accelerate the transition to clean energy– all while reducing the risks of nuclear proliferation– host Jason Bordoff spoke with former US Secretary of Energy Ernest Moniz.
A key architect of the Paris Agreement and Iran nuclear deal, Moniz is currently the CEO of the Energy Futures Initiative and the Nuclear Threat Initiative. Before joining the Obama administration as Secretary of Energy, Dr. Moniz served as Under Secretary of Energy and as Associate Director for Science in the Office of Science and Technology Policy at the Department of Energy. Prior to his appointment, Dr. Moniz was a Physics and Engineering Systems Systems Professor at the Massachusetts Institute of Technology, where he founded the MIT Energy Initiative.
In this conversation, Dr. Moniz sheds light on the energy security threats created by the Russia-Ukraine conflict, where things stand on the Iran deal and the future of energy innovation amid turbulent times for the markets.
For a deeper look at how the Russia-Ukraine conflict is impacting energy markets globally, host Jason Bordoff speaks with two foreign policy experts on energy: Angela Stent and Meghan O’Sullivan.
Stent is senior adviser to the Center for Eurasian, Russian and East European Studies and professor emerita of government and foreign service at Georgetown University. She’s published extensively on Russia-related foreign policy matters including “Putin’s World: Russia Against the West and With the Rest.”
O’Sullivan is the Jeane Kirkpatrick Professor of the Practice of International Affairs and the director of the Geopolitics of Energy Project at Harvard University. She served as a national security advisor to President George W. Bush, and has written various books and articles on international affairs.
Together, they discuss the complex energy security and resource management challenges during this time.
Delegations from Kyiv and Moscow met in Belarus yesterday for the first round of talks which resulted in no resolution. At the same time Russian rockets battered Kharkiv, Ukraine’s second largest city, killing and wounding dozens, and leaving much uncertainty on what’s to come next.
Sanctions have been the primary tool by the West to deter Russian aggression and de-escalate the tenuous situation. In this episode host Jason Bordoff speaks with international sanctions experts Richard Nephew and Eddie Fishman about the global energy implications of these diplomacy challenges.
Nephew recently rejoined the Center On Global Energy Policy as a senior research scholar. He’s the author of “The Art Of Sanctions,” and was most recently the US Deputy Special Envoy for Iran under the Biden administration where he played a key role in negotiations over the Iran nuclear deal.
Fishman is an adjunct professor of international and public affairs at Columbia University’s School of International and Public Affairs. From 2015 to 2017, he worked at the US State Department and advised Secretary of State John Kerry on Europe and Eurasia, leading policy work around economic sanctions.
Their discussion focuses on Russia’s global oil and gas exports, the near and long-term outcomes of economic sanctions on the Russian economy and the prospects for a revived Iran nuclear deal.
Silicon Valley is giving greater attention to potential business opportunities in clean energy and climate. It’s also seeing enormous potential for growth when it comes to battery storage, geothermal, electric vehicles, solar, and more.
But there are still questions about how the private sector can effectively fund these new technologies and ventures.
For a look into how to scale climate solutions with the speed that’s needed, host Jason Bordoff sits down with John Doerr, chairman of the venture capital firm Kleiner Perkins. John is known for his early investments in clean technology and outside of the investment world, he’s a social entrepreneur with a track record for tackling climate.
And now, he has laid out his plan in a new book: “Speed & Scale: An Action Plan For Solving Our Climate Crisis Now.”
In this conversation, John outlines his vision for transitioning the economy to clean energy and reflects on his legacy of green investments.
NATO countries, including the US, are sending military equipment to Ukraine in preparation for the worst. But Germany is holding back. With gas prices at an all-time high, the future of Nord Stream 2 in limbo and the recent shutdown of nuclear plants: Can Europe be self-sufficient without Russian gas?
In this week’s episode, Jason Bordoff is joined by Stephen Lacey, host of The Carbon Copy podcast, to look at how we got here. Turns out a lot of it has to do with the geopolitics of the energy transition.
Together, they break down the tricky dynamics between Russia and the rest of Europe. Countries like Germany have invested vast amounts of money in renewables in the hopes of cutting dependence on imported fossil fuels, but how long will it take to get there?
Check out the Foreign Affairs article on this topic that Jason co-authored with policy expert Meghan O’Sullivan.
In February 2021, Winter Storm Uri pushed the Texas power grid to its limit, leading to widespread blackouts across the state. At its peak, the storm left 4.5 million homes and businesses without power, causing an estimated 250 deaths and $90 billion in damages.
As extreme weather worsens, experts worry that the current regulatory system is not enough to address the vulnerabilities in Texas’s electric system, making future outages more common and destructive.
This February, another devastating winter storm hit Texas. In this week's episode, host Bill Loveless sits down with Michael Webber, an energy resources professor at the University of Texas, Austin and an expert on Texas’ unique grid, to discuss what has (or hasn’t) changed since Winter Storm Uri.
What has Texas taught us about building a reliable grid in the face of extreme weather?
Michael is also the chief technology officer of Energy Impact Partners, a $2 billion cleantech venture fund.
His book, Power Trip: the Story of Energy, was published in 2019 with an award-winning six-part companion series that aired on PBS and other networks.
Elevated ocean temperatures are rising sea levels, inundating coastlines, sinking island nations, bleaching coral, and creating more dangerous hurricanes. But oceans also act as a buffer against global warming.
Climate scientists are increasingly turning their attention to oceans. For a deep dive into the science shaping our understanding of the Earth’s watery depths, host Bill Loveless spoke with Peter de Menocal, president and director of Woods Hole Oceanographic Institution in Massachusetts.
Peter is a marine geologist and paleoclimatologist by training, and the founding director of Columbia University’s Center For Climate And Life – a research accelerator that supports and trains the next generation of Earth scientists.
They discussed how oceans are changing, the capacity of oceans to take up carbon and the need for policy-relevant research on the seas. They also talked about what led Peter to a career studying and exploring oceans.
The most abundant element in the universe, hydrogen seems – at least in theory – to be a good source of energy. But because of the high costs and other barriers associated with hydrogen power, the real story is more nuanced.
For a deep dive into how the world can harness the power of hydrogen and what role it will play in the geopolitics of the energy transition, host Bill Loveless spoke with Elizabeth Press.
She’s the Director of Planning and Programme Support at the International Renewable Energy Agency, which just published a new report mapping out the future of hydrogen.
The report, titled “Geopolitics of the Energy Transformation: The Hydrogen Factor,” digs into the evolution of hydrogen markets across the world, especially in developing countries.
Read the full report here.
How can the US and Canada cooperate to meet international and domestic climate targets?
To try and answer that question, host Jason Bordoff spoke with Catherine McKenna – the former Canadian Minister of Infrastructure and Communities and former Canadian Minister of Environment and Climate Change.
McKenna, who recently joined the Center on Global Energy Policy as a Distinguished Visiting Fellow, was a lead negotiator of the Paris Agreement before introducing and successfully defending landmark legislation that established a carbon price across Canada.
In this conversation, the pair discuss Canada’s decarbonization strategy, misogyny in climate politics, building US-Canadian partnerships in tackling climate change, and her hopes for this new, exciting stage in her career.
Accelerating a global clean energy transition has never been more vital to curbing the worst impacts of climate change, but greenhouse gas emissions and the use of hydrocarbons continues to rise.
And even as several global fossil fuel giants announce clean energy initiatives, net zero timelines, and carbon capture projects, they continue to invest in oil and gas.
For a closer look at the role that legacy fossil fuel companies can and should play in the clean energy transition moving forward, Host Jason Bordoff spoke with Laszlo Varro — Vice President of Global Business Environment at Shell.
Before taking this position, he spent a decade at the IEA as Head of Gas, Coal and Electricity Markets and then as the organization’s Chief Economist.
They spoke about his take on the IEA’s outlook on the transition, natural gas as a bridge fuel and how traditional oil companies like Shell are responding to growing consumer demand for a clean transition.
The ongoing pandemic and a rocky White House transition overshadowed many other pressing events in the United States and abroad.
Nevertheless, the threats of a changing planet persisted.
2021 included a dire report from the Intergovernmental Panel On Climate Change, a new round of international climate negotiations and climate-fueled fires, floods and hurricanes.
Lisa is a Climate Desk Reporter with the New York Times, and Justin is a climate reporter with TIME magazine.
Given their areas of coverage, the conversation focused on the United States.