Energy

On "Resource Radio," a podcast by Resources for the Future, Catherine Wolfram, Visiting Professor at Harvard Kennedy School and Rhodium Group's John Larsen offer insights on 2022’s biggest stories in energy and environmental policy at the state, national, and international levels, including U.S. climate legislation and how Russia’s invasion of Ukraine has affected energy markets. They also look ahead to the developments in energy and environmental policy that are likely to become important in 2023.

Low-carbon energy technology (LCET) startups could play a key role in accelerating India’s decarbonization. Yet, understanding of the LCET startup landscape and what shapes it remains low. This paper provides an analysis of the Indian LCET startup landscape to fill this gap.

The Environment and Natural Resources Program’s Future of Hydrogen project published several papers this year investigating renewable hydrogen production, use, and trade between countries. In the following interview, Senior Fellow Nicola De Blasio and Research Fellow Laima Eicke share their insights on green hydrogen's growing economic and political momentum. 

The Belfer Center Communications Team reached out to policy experts John P. Holdren and Matthew Bunn to reflect on the recent achievement of fusion ignition at the Lawrence Livermore National Laboratory. 

The price cap on Russian oil implemented today by the G7 countries plus Australia represents a novel approach to sanctions. The policy is designed to reduce Russian fossil fuel revenues while keeping Russian oil on the market. In this brief, Catherine Wolfram, Simon Johnson, and Łukasz Rachel explain the basic economic principles at work and discuss some of the critiques of the price cap. 

The price cap on Russian oil implemented today by the G7 countries plus Australia represents a novel approach to sanctions, according to a policy brief authored by Catherine Wolfram, Simon Johnson, and Łukasz Rachel and released today by Harvard Kennedy School’s Belfer Center for Science and International Affairs and the Mossavar-Rahmani Center for Business and Government. 

ColdHubs, an innovative Nigerian agricultural enterprise that uses solar-powered refrigerated storage units to keep food from spoiling, is slowly but surely expanding to nearby West African countries. But it faces big challenges to scale up and finance its operations, company founder and CEO Nnaemeka Ikegwuonu told a Harvard Kennedy School audience celebrating the 2022 Roy Award winner.

The energy transition has made deep-sea mining for critical minerals cost-competitive for the first time, and Chinese companies are champing at the bit to start mining at a commercial scale. The United States and its partners, by contrast, have been caught on the back foot when it comes to China’s stranglehold on the critical mineral supply chain. With the geopolitical rivalry between China and the United States intensifying, many Western observers say the United States can’t afford to lose the scramble for the seabed. 

Ely Sandler and Daniel Schrag propose a new approach to Article 6 of the Paris agreement, arguing that states must use cross-border investment to finance the energy transition. By linking additionality to an investment’s impact on cost of capital, Sandler and Schrag demonstrate how Article 6 can leverage blended finance to de-risk private investment, creating a new model of public private partnership. The paper uses case studies from the Middle East and North Africa region to demonstrate the potential economic, environmental and political benefits of cooperation on Article 6.  

The adoption of green hydrogen will be critical for decarbonizing industrial processes at scale, especially hard-to-abate ones such as steel and cement production. This paper maps the role countries could play in future green hydrogen industrial markets based on three criteria: resource endowment, existing industrial production, and economic relatedness.