Key Challenges Faced By Fossil Fuel Exporters During The Energy Transition

Author : Diego Mesa Puyo,Augustus J Panton,Tarun Sridhar,Martin Stuermer,Christoph Ungerer,Alice Tianbo Zhang
Publisher : International Monetary Fund
Page : 33 pages
File Size : 43,7 Mb
Release : 2024-03-27
Category : Business & Economics
ISBN : 9798400270147

Get Book

Key Challenges Faced by Fossil Fuel Exporters During the Energy Transition by Diego Mesa Puyo,Augustus J Panton,Tarun Sridhar,Martin Stuermer,Christoph Ungerer,Alice Tianbo Zhang Pdf

The global energy transition is affecting fossil fuel exporters from multiple angles. It is adding to longstanding uncertainties on relative movements of fossil fuel demand and supply—which impact fossil fuel-related exports, fiscal flows, investment and subsequently external and fiscal accounts, economic growth, and employment. While policymakers are very familiar with these challenges, they now also face expectations of a permanent decline in the long-run global demand for fossil fuels. Key factors that could determine country-level impacts include (i) the type of fossil fuel a country exports (ii) extraction costs and (iii) country characteristics. The monitoring and mitigation of fiscal risks will need to be stepped up. Fiscal policy also has a role in reducing domestic emissions, encouraging adoption of low-carbon technologies, and helping those most vulnerable to changes from the transition. Broader macroeconomic risks can be reduced by accelerating ongoing structural reforms that support alternative engines of growth. Low- or zero-carbon emission energy industries could offer new avenues that build on existing fossil fuel knowledge and infrastructure. Concurrently, improved financial regulation and supervision could reduce financial sector exposures. Finally, international coordination on the design and implementation of climate policy as well as international transfer schemes (financing and capacity development) could reduce uncertainties surrounding the transition path and associated adverse economic consequences.

Author : Manfred Hafner,Simone Tagliapietra
Publisher : Springer Nature
Page : 398 pages
File Size : 44,9 Mb
Release : 2020-06-09
Category : Political Science
ISBN : 9783030390662

Get Book

The Geopolitics of the Global Energy Transition by Manfred Hafner,Simone Tagliapietra Pdf

The world is currently undergoing an historic energy transition, driven by increasingly stringent decarbonisation policies and rapid advances in low-carbon technologies. The large-scale shift to low-carbon energy is disrupting the global energy system, impacting whole economies, and changing the political dynamics within and between countries. This open access book, written by leading energy scholars, examines the economic and geopolitical implications of the global energy transition, from both regional and thematic perspectives. The first part of the book addresses the geopolitical implications in the world’s main energy-producing and energy-consuming regions, while the second presents in-depth case studies on selected issues, ranging from the geopolitics of renewable energy, to the mineral foundations of the global energy transformation, to governance issues in connection with the changing global energy order. Given its scope, the book will appeal to researchers in energy, climate change and international relations, as well as to professionals working in the energy industry.

Author : van Asselt, Harro,Moerenhout, Tom
Publisher : Nordic Council of Ministers
Page : 60 pages
File Size : 45,9 Mb
Release : 2020-11-18
Category : Business & Economics
ISBN : 9789289368094

Get Book

Fit for Purpose?: Toward trade rules that support fossil fuel subsidy reform and the clean energy transition by van Asselt, Harro,Moerenhout, Tom Pdf

Available online: https://pub.norden.org/temanord2020-539/ Estimated at USD 478 billion in 2019, fossil fuel subsidies strain the public purse, contribute to climate change, slow the uptake of renewable energy, and lead to local air pollution and associated impacts on public health. Their reform could thus lead to a wide range of socioeconomic and environmental benefits. Despite its binding rules to regulate subsidies, the World Trade Organization (WTO) has so far failed to play any significant role in constraining government support to fossil fuels. Against this backdrop, this report explores whether WTO rules and practices are fit for purpose in addressing fossil fuels subsidies and supporting the clean energy transition, and how they could be reformed to more effectively contribute to these key objectives. It also offers practical recommendations for WTO members and other stakeholders interested in moving this agenda forward.

Author : Hilary Boudet,Shawn Hazboun
Publisher : Elsevier
Page : 296 pages
File Size : 41,9 Mb
Release : 2022-01-29
Category : Science
ISBN : 9780128240755

Get Book

Public Responses to Fossil Fuel Export by Hilary Boudet,Shawn Hazboun Pdf

Public Responses to Fossil Fuel Export provides wide-ranging theoretical and methodological international contributions on the human dimensions of fossil fuel export, with a distinctive focus on exporting countries, some of which are new entrants into the marketplace. What do members of the public think about exporting fossil fuels in places where it is happening? What do they see as its main risks and benefits? What connections are being made to climate change and the impending energy transition? How have affected communities responded to proposals related to fossil fuel export, broadly defined to include transport by rail, pipeline, and ship? Contributions to the work are presented in three parts. The first part synopsizes the background of the project, outlines major social science theories and relevant previous research, and identifies global trends in energy production. Regional and national case studies related to public opinion on fossil fuel export are included in part two of the manuscript. Part three highlights community-based case studies. Implications for research and practice feature in the concluding chapter. Serves as a definitive reference on the social dimensions of fossil fuel export, bringing together case examples and public opinion research from around the world on this important but understudied issue Explores the broader implications for growing field of energy social science, particularly those focused on public perceptions of energy development, siting controversies and community impacts from energy development Provides practical and policy implications, including the need for better community inclusion in export and transport facility siting decisions, the changing status of certain fuels, impacts on public awareness, and the relevance of the movement of energy resources

Author : Mr.Benedict J. Clements,Mr.David Coady,Ms.Stefania Fabrizio,Mr.Sanjeev Gupta,Mr.Trevor Serge Coleridge Alleyne,Mr.Carlo A Sdralevich
Publisher : International Monetary Fund
Page : 390 pages
File Size : 43,8 Mb
Release : 2013-09-13
Category : Business & Economics
ISBN : 9781484339169

Get Book

Energy Subsidy Reform by Mr.Benedict J. Clements,Mr.David Coady,Ms.Stefania Fabrizio,Mr.Sanjeev Gupta,Mr.Trevor Serge Coleridge Alleyne,Mr.Carlo A Sdralevich Pdf

Energy subsidies are aimed at protecting consumers, however, subsidies aggravate fiscal imbalances, crowd out priority public spending, and depress private investment, including in the energy sector. This book provides the most comprehensive estimates of energy subsidies currently available for 176 countries and an analysis of “how to do” energy subsidy reform, drawing on insights from 22 country case studies undertaken by the IMF staff and analyses carried out by other institutions.

Author : Richard Bridle,Laura Merrill,Mikki Halonen,Anna Zinecker,Markus Klimscheffskij,Paula Tommila
Publisher : Nordic Council of Ministers
Page : 77 pages
File Size : 48,7 Mb
Release : 2018-12-07
Category : Business & Economics
ISBN : 9789289359115

Get Book

Swapping Fossil Fuel Subsidies for Sustainable Energy by Richard Bridle,Laura Merrill,Mikki Halonen,Anna Zinecker,Markus Klimscheffskij,Paula Tommila Pdf

Underpricing of fossil fuels, caused by subsidies, drives carbon intensive consumption. Reforming fossil fuel subsidies and allocating some of the savings to sustainable energy could accelerate a transition to fairer, safer, cleaner and more sustainable energy systems. This report outlines the Nordic Council of Ministers’ work to promote these swaps through the development of a business model and description of the link between fossil fuel subsidies, reforms and carbon emissions. The report evaluates potential swaps to increase industrial energy efficiency in the mining sector, in the context of energy sector reforms in Zambia; and the replacement of butane subsidies with solar investments in Morocco. The report also presents an outline of how Nordic countries are supporting reforms and driving the swaps agenda as part of Nordic Solutions to Global Challenges.

Author : Peter D Cameron,Xiaoyi Mu,Volker Roeben
Publisher : Bloomsbury Publishing
Page : 272 pages
File Size : 49,5 Mb
Release : 2021-01-14
Category : Law
ISBN : 9781509932498

Get Book

The Global Energy Transition by Peter D Cameron,Xiaoyi Mu,Volker Roeben Pdf

Global energy is on the cusp of change, and it has become almost a truism that energy is in transition. But what does this notion mean exactly? This book explores the working hypothesis that, characteristically, the energy system requires a strategy of the international community of states to deliver sustainable energy to which all have access. This strategy is for establishing rules-based governance of the global energy value-cycle. The book has four substantive parts that bring together contributions of leading experts from academia and practice on the law, policy, and economics of energy. Part I, 'The prospects of energy transition', critically discusses the leading forecasts for energy and the strategies that resource-rich countries may adopt. Part II, 'Rules-based multilateral governance of the energy sector', details the development and sources of rules on energy. Part III, 'Competition and regulation in transboundary energy markets', discusses principal instruments of rules-based governance of energy. Part IV, 'Attracting investments and the challenges of multi-level governance', focuses on the critical governance of the right investments. This book is a flagship publication of the Centre for Energy, Petroleum and Mineral Law and Policy at the University of Dundee. It launches the Hart series 'Global Energy Law and Policy' and is edited by the series general editors Professors Peter D Cameron and Volker Roeben, and also Dr Xiaoyi Mu.

Author : Espen Moe
Publisher : Springer
Page : 291 pages
File Size : 53,5 Mb
Release : 2016-04-29
Category : Political Science
ISBN : 9781137298799

Get Book

Renewable Energy Transformation or Fossil Fuel Backlash by Espen Moe Pdf

Renewable energy is rising within an energy system dominated by powerful vested energy interests in fossil fuels, nuclear and electric utilities. Analyzing renewables in six very different countries, the author argues that it is the extent to which states have controlled these vested interests that determines the success or failure of renewables.

Author : Thijs Van de Graaf,Benjamin K. Sovacool
Publisher : John Wiley & Sons
Page : 261 pages
File Size : 49,9 Mb
Release : 2020-05-07
Category : Political Science
ISBN : 9781509530519

Get Book

Global Energy Politics by Thijs Van de Graaf,Benjamin K. Sovacool Pdf

Ever since the Industrial Revolution energy has been a key driver of world politics. From the oil crises of the 1970s to today’s rapid expansion of renewable energy sources, every shift in global energy patterns has important repercussions for international relations. In this new book, Thijs Van de Graaf and Benjamin Sovacool uncover the intricate ways in which our energy systems have shaped global outcomes in four key areas of world politics: security, the economy, the environment and global justice. Moving beyond the narrow geopolitical focus that has dominated much of the discussion on global energy politics, they also deftly trace the connections between energy, environmental politics, and community activism. The authors argue that we are on the cusp of a global energy shift that promises to be no less transformative for the pursuit of wealth and power in world politics than the historical shifts from wood to coal and from coal to oil. This ongoing energy transformation will not only upend the global balance of power; it could also fundamentally transfer political authority away from the nation state, empowering citizens, regions and local communities. Global Energy Politics will be an essential resource for students of the social sciences grappling with the major energy issues of our times.

Author : Robert J. Johnston,Reed Blakemore,Randy Bell
Publisher : Unknown
Page : 128 pages
File Size : 55,7 Mb
Release : 2020-01-10
Category : Electronic
ISBN : 1619770857

Get Book

The Role of Oil and Gas Companies in the Energy Transition by Robert J. Johnston,Reed Blakemore,Randy Bell Pdf

Author : Manfred Hafner,Simone Tagliapietra,Lucia de Strasser
Publisher : Springer
Page : 112 pages
File Size : 49,9 Mb
Release : 2018-08-06
Category : Business & Economics
ISBN : 9783319922195

Get Book

Energy in Africa by Manfred Hafner,Simone Tagliapietra,Lucia de Strasser Pdf

This open access book presents a picture of the current energy challenges on the African continent (and the Sub-Saharan region in particular) and proposes pathways to an accelerated energy transition. Starting with an analysis of the status quo and the outlook for Africa’s energy demand and energy access, it provides an account of the available resources, including hydrocarbons and renewable energy resources, which are playing an increasingly crucial role. It then moves on to analyze the level of investment required to scale-up Africa’s energy systems, shedding light on the key barriers and elaborating on potential solutions. It also provides a suggestion for improving the effectiveness of EU–Africa cooperation. While mainly intended for policymakers and academics, this book also speaks to a broader audience interested in gaining an overview of the challenges and opportunities of the African energy sector today and in the future.

Author : Mark Jaccard
Publisher : Cambridge University Press
Page : 307 pages
File Size : 52,9 Mb
Release : 2020-02-06
Category : Business & Economics
ISBN : 9781108479370

Get Book

The Citizen's Guide to Climate Success by Mark Jaccard Pdf

Shows readers how we can all help solve the climate crisis by focusing on a few key, achievable actions.

Author : Great Britain: Department of Energy and Climate Change
Publisher : The Stationery Office
Page : 78 pages
File Size : 50,7 Mb
Release : 2012-11-29
Category : Political Science
ISBN : 0101846622

Get Book

Energy Security Strategy by Great Britain: Department of Energy and Climate Change Pdf

Dated November 2012

Author : Daniel Scholten
Publisher : Edward Elgar Publishing
Page : 577 pages
File Size : 45,8 Mb
Release : 2023-11-03
Category : Political Science
ISBN : 9781800370432

Get Book

Handbook on the Geopolitics of the Energy Transition by Daniel Scholten Pdf

The energy transition is fundamentally transforming geopolitics, with renewable energy and other decarbonization options reshaping existing energy markets, trade flows, and energy security strategies. What new opportunities and challenges await us? Will it pacify global energy relations or bring a perilous transition?

Author : Mr.David Coady,Ian Parry,Nghia-Piotr Le,Baoping Shang
Publisher : International Monetary Fund
Page : 39 pages
File Size : 49,8 Mb
Release : 2019-05-02
Category : Business & Economics
ISBN : 9781484393178

Get Book

Global Fossil Fuel Subsidies Remain Large: An Update Based on Country-Level Estimates by Mr.David Coady,Ian Parry,Nghia-Piotr Le,Baoping Shang Pdf

This paper updates estimates of fossil fuel subsidies, defined as fuel consumption times the gap between existing and efficient prices (i.e., prices warranted by supply costs, environmental costs, and revenue considerations), for 191 countries. Globally, subsidies remained large at $4.7 trillion (6.3 percent of global GDP) in 2015 and are projected at $5.2 trillion (6.5 percent of GDP) in 2017. The largest subsidizers in 2015 were China ($1.4 trillion), United States ($649 billion), Russia ($551 billion), European Union ($289 billion), and India ($209 billion). About three quarters of global subsidies are due to domestic factors—energy pricing reform thus remains largely in countries’ own national interest—while coal and petroleum together account for 85 percent of global subsidies. Efficient fossil fuel pricing in 2015 would have lowered global carbon emissions by 28 percent and fossil fuel air pollution deaths by 46 percent, and increased government revenue by 3.8 percent of GDP.