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The energy sector is in the midst of historic transformation, including rapid technological progress and declining clean energy costs, growing urgency to address climate change - with the impacts of climate change increasingly evident, rising headwinds for the oil and gas sector, the short- and long-term impacts of the Covid-19 pandemic, and growing ambition to address climate change with more countries, financial institutions, and corporations announcing long-term net zero emissions targets. That even includes some oil and gas companies, and among those announcing the most ambitious long term goals has been BP. In this edition of Columbia Energy Exchange, host Jason Bordoff is joined by Spencer Dale, BP’s group chief economist, to discuss the outlook for the energy sector, the impact of the pandemic on it, BP’s corporate strategy shift, and more. Spencer is responsible for the annual BP Energy Outlook, which tries to make sense of where the energy sector is in the midst of the pandemic, and where it might be headed in different scenarios. Prior to this role, Spencer served as executive director for financial stability at the Bank of England and was a member of its Financial Policy Committee. Between 2008 and 2014, Spencer was chief economist of the Bank of England and a member of the Monetary Policy Committee.
Recently, BP released their annual energy outlook. In the 2020 edition, BP outlines three scenarios which explore different pathways for the global energy system through the year 2050. In this episode, Stephen Jones, global head of oil products for Argus, and Michael Cohen, chief US economist and head of oil analysis at BP, discuss the 2020 energy outlook and how the pandemic has affected long term oil demand.
We start this week’s podcast talking about the Energyphile Vignette “Decarbonization Lessons from Edison.” Thomas Edison’s strategy for electrification provides learnings for today’s energy transition. We also cover recent energy headlines: BP’s prediction that oil demand will peak soon. California’s summer power blackouts and the state’s pledge to ban the sale of new combustion vehicles (more...)
On the margins of the 11th edition of the Specialised Training on the Regulation of Gas Markets, Maria Olczak (FSR) and Anne-Sophie Corbeau (Head of Gas Analysis at BP) discuss the 2019 edition of BP Energy Outlook. During the interview, Anne-Sophie presents the key findings of the BP Energy Outlook, specifies the key factors that may influence the forecasted increase in global LNG trade, and concludes with some remarks on the role of gas in the EU energy mix in 2040 perspective.
This week, Spencer Dale (Group Chief Economist, BP) and Sarah Ladislaw (SVP and Director, Energy and National Security Program, CSIS) discuss BP’s 2019 Energy Outlook, specifically diving into one of the Outlook scenarios which focused on less globalization and its potential implications for energy systems out to 2040.
This week, Spencer Dale (Group Chief Economist, BP) and Sarah Ladislaw (SVP and Director, Energy and National Security Program, CSIS) discuss BP’s 2019 Energy Outlook, specifically diving into one of the Outlook scenarios which focused on less globalization and its potential implications for energy systems out to 2040.
The Chinese economy is still very consequential to energy and oil demand, making up one-third of all global growth. In this week’s podcast, we consider the implications from slower Chinese economic growth and more electric vehicles. Next, we cover highlights from the recently released BP Energy Outlook, including how a single use plastic ban could impact […] The post World Energy: Still Made in China? first appeared on ARC Energy Research Institute.
CSIS is pleased to host a presentation of the 2019 BP Energy Outlook with Spencer Dale, group chief economist of BP. The global energy system faces a challenge to provide significantly more energy while simultaneously reducing emissions. What forces are shaping the energy transition through 2040? The Outlook explores the forces shaping this transition through various scenarios, focusing on different sectors, regions, and fuels. Mr. Dale will present the scenarios of the Outlook, followed by a moderated conversation with Sarah Ladislaw, senior vice president and director of the CSIS Energy & National Security Program. This event is made possible by general funding to CSIS and the CSIS Energy & National Security Program.
The global energy landscape is changing. What are the key factors influencing the shift in the energy mix and the pace at which it is changing? The Center on Global Energy Policy hosted a presentation of the BP Energy Outlook - 2018 Edition with Group Chief Economist Spencer Dale. The BP Energy Outlook outlines BP’s views of future global energy markets through to 2040 and explores key uncertainties.
The Center on Global Energy Policy hosted the official US Launch of the BP Energy Outlook - 2017 Edition with BP Group Chief Economist Spencer Dale. The BP Energy Outlook considers a base case, which outlines the “most likely” path for energy demand based on assumptions about future changes in policy, technology and the economy. Beyond the base case, the Energy Outlook examines some of the key issues that will shape energy supply and demand through to 2035, and explores possible alternative outcomes. Center Director Jason Bordoff moderated a discussion following the presentation. You can find a copy of the report here: http://energypolicy.columbia.edu/events-calendar/bp-energy-outlook-2017-edition
The CSIS Energy & National Security Program invites you to join us for a discussion on the BP Energy Outlook with BP Chief Economist Spencer Dale. The BP Energy Outlook considers a base case, which outlines the "most likely" path for energy demand based on assumptions about future changes in policy, technology, and the economy. Beyond the base case, the Energy Outlook examines some of the key issues that will shape energy supply and demand through 2035 and explores possible alternative outcomes.