Energy

With 28th Conference of the Parties (COP 28) of the United Nations Framework Convention on Climate Change well underway, Jonathan Banks, the global director of the Methane Pollution Prevention Program at the Clean Air Task Force (CATF), is the guest in a special mid-COP episode of “Environmental Insights: Discussions on Policy and Practice from the Harvard Environmental Economics Program.” The podcast is produced by the Harvard Environmental Economics Program.

Al-Juaied and Whitmore examine the costs and prospects for direct air carbon capture and storage (DACCS), and identify types of funding needed for early deployment for DACCS and building momentum for later widespread deployment. The challenges of implementing DACCS at very large scale further emphasize the need for urgent and widespread action to reduce emissions, which should continue to be the main priority for meeting climate goals.

Among the many issues surrounding China’s ongoing military modernization, perhaps none has been more dramatic than its nuclear weapons program. For decades, the Chinese government was content to maintain a comparatively small nuclear force. As recently as 2020, China’s arsenal was little changed from previous decades and amounted to some 220 weapons, around five to six percent of either the U.S. or Russian stockpiles of deployed and reserve warheads.

Harvard Kennedy School’s Energy Policy Seminar series hosted Ana Unruh Cohen, Senior Director for NEPA, Infrastructure and Clean Energy at the White House Council on Environmental Quality (CEQ), to provide an update on the Biden Administration’s ongoing permitting reform. 

Oil prices have been persistently high over the past two years , at times breaking above $120 a barrel. According to economic theory, that should be good news for climate change. But the political reality is more complicated. Climate policies are increasingly the casualties of high oil prices.

Energy economist Severin Borenstein, Professor of the Graduate School at the Haas School of Business at the University of California, Berkeley, discussed the many significant challenges facing the nation’s electricity power sector in the latest episode of “Environmental Insights: Discussions on Policy and Practice from the Harvard Environmental Economics Program.

Amid the global energy transition, investors are anxious to pour billions of dollars into many of these countries to turn the new fossil fuel finds into hydrogen. The element is the key feedstock for fuel cells, which use chemical reactions to generate electricity cleanly, with water as the main byproduct. Notwithstanding the considerable technological challenges ahead, demand for the gas in Europe and elsewhere is widely expected to surge as vehicles, factories, and other energy users seek to reduce greenhouse gas emissions.

For Southern Rim nations, however, this tantalizing opportunity for economic development risks turning into just another Sahara mirage. That’s because the hype surrounding hydrogen may continue to distract the regions’ leaders from addressing the tough domestic social issues that are behind the migration crisis. If the technology does become viable, revenue from hydrogen exports to Europe could just perpetuate rent-seeking behavior by political and economic elites at the expense of their own citizens.

Antonio Perry MPP 2024 and Monserrat Ocana MPP 2024 had the opportunity to intern with Iceland’s National Energy Authority (NEA) and contribute to the country’s ambitious climate journey. 

“This is not a decision or set of steps that are happening in haste by any means, and this is a practice that is common and consistent around the world and with the nuclear energy industry,” said Marina Lorenzini of the Belfer Center for Science and International Affairs at the Harvard Kennedy School of Government.

According to data posted online by the Japanese Ministry of Economy, Trade and Industry, water with much higher levels of tritium has been discharged by nuclear facilities in countries including China, South Korea, Canada and France in line with local regulations.

Lorenzini said that the IAEA’s active engagement in the Fukushima process “makes me feel a lot more comfortable and confident with the events we see playing out today.”

The IAEA said this week that it would maintain an onsite presence at the Fukushima plant, where it opened an office last month, and publish real-time and near real-time monitoring data.

“I think we have good reason to believe that this will be a well-monitored and well-maintained operation,” Lorenzini said.

In this paper, Nicola De Blasio and Derek Zheng provide a decision-making and analysis framework for public and private stakeholders to develop an effective, informed understanding of how global energy value chains and subsequent markets will develop and evolve throughout the energy transition.