RESPONDING TO THE THREAT OF A COST OF CARBON

2007 ◽  
Vol 47 (1) ◽  
pp. 363
Author(s):  
L. Maimone ◽  
R. Curtin
Keyword(s):  
Climate Change ◽  
Renewable Energy ◽  
Oil And Gas ◽  
Climate Change Policy ◽  
Oil And Gas Industry ◽  
Energy Sources ◽  
Gas Industry ◽  
Change Policy ◽  
Potential Opportunity ◽  
Lower Carbon

Climate change is an emerging issue with the potential to have a significant impact on the energy sector and, more specifically, the oil and gas industry. Pressures from public opinion and the introduction of climate change policy and regulations could affect the competitiveness of the industry. Conversely, incentives and subsidies for renewable energy or other lower carbon energy sources could present a potential opportunity for companies looking to diversify their asset portfolios.Australia has implemented a range of mandatory and voluntary schemes that encourage the reduction of greenhouse gas emissions. There is still, however, uncertainty as to if and how a cost of carbon may be regulated in the future.

Financing Renewable Energy in Brazil

2018 ◽  
Author(s):  
Yanko Marcius de Alencar Xavier ◽  
Anderson Souza da Silva Lanzillo
Keyword(s):  
Climate Change ◽  
Renewable Energy ◽  
Fossil Fuel ◽  
Oil And Gas ◽  
Climate Change Policy ◽  
National Policy ◽  
Clean Energy ◽  
Oil And Gas Industry ◽  
Federal Law ◽  
Gas Industry

This chapter analyses Brazilian public policy on financing renewable energy to address climate change. Conditions in Brazil favour adoption of an increasingly clean energy matrix: with significant innovation in energy policy and technology much of the country’s energy production now comes from renewable sources. The chapter examines the National Policy on Climate Change (Federal Law no. 12.187/2009), the National Fund for Climate Change (Federal Law no. 12.114/2009). Yet, energy for Brazil’s transportation system remains largely fossil fuel-based, and the oil and gas industry is economically important. The chapter discusses the intergration of renewable energy into climate change policy and adoption of climate policy in energy legislation, together with measures such as taxation that support renewable energy. The chapter examines the oil and gas industry economic crisis and the ramifications for financing renewable energy given historic reliance on the fossil fuel sector to fund innovations in renewable energy technologies.

scholarly journals RISK OF RENEWABLE ENERGY SOURCES DEVELOPMENT IN THE OIL AND GAS INDUSTRY IN THE CONTEXT OF COVID-19

2021 ◽  
Vol 11 (4) ◽  
pp. 412-419
Author(s):  
L. K. Babicheva ◽  
E. V. Neprintseva ◽  
S. A. Shubin
Keyword(s):  
Renewable Energy ◽  
Oil And Gas ◽  
Global Climate ◽  
Renewable Energy Sources ◽  
Oil And Gas Industry ◽  
Energy Sources ◽  
Gas Industry ◽  
The World ◽  
Almost All ◽  
The Impact

The global climate problem of climate warming has led to the active development of renewable energy almost all over the world. Many European countries and international corporations are already striving for carbon neutrality.This article analyzes the current trends in the development of the renewable energy sources industry in the world and in Russia, assesses the applicability of renewable energy sources in the oil and gas industry and the impact of the coronavirus crisis on the perspectives for renewable energy. The analysis of the indicators of the volumes of commissioning of generating capacities for 2020 is given, the obstacles encountered in the development of the industry due to the unstable global situation are considered.The article also discusses investment in renewable energy by oil and gas companies and their transformation under the influence of the renewable energy sector, as well as the participation of Russian companies in this transformation and their long-term prospects in relation to renewable energy.

On Approaches to Taking into Account the Risks of Changing Climatic Conditions when Planning and Implementing Oil and Gas Projects

2021 ◽  
Vol 18 (1) ◽  
pp. 52-65
Author(s):  
P. N. Mikheev
Keyword(s):  
Climate Change ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Climatic Conditions ◽  
Qualitative Assessment ◽  
Physical Factors ◽  
Gas Industry ◽  
Climate Risks ◽  
The Impact

The article discusses issues related to the impact of climate change on the objects of the oil and gas industry. The main trends in climate change on a global and regional (on the territory of Russian Federation) scale are outlined. Possible approaches to the identification and assessment of climate risks are discussed. The role of climatic risks as physical factors at various stages of development and implementation of oil and gas projects is shown. Based on the example of oil and gas facilities in the Tomsk region, a qualitative assessment of the level of potential risk from a weather and climatic perspective is given. Approaches to creating a risk management and adaptation system to climate change are presented.

Energy and Environment

2020 ◽  
pp. 185-206
Author(s):  
Kenneth P. Miller
Keyword(s):  
Renewable Energy ◽  
Global Economy ◽  
Fossil Fuels ◽  
Oil And Gas ◽  
Renewable Energy Sources ◽  
Oil And Gas Industry ◽  
Environmental Policies ◽  
Federal Law ◽  
Gas Industry ◽  
Energy And Environment

This chapter examines the deep Texas-California divide over energy and environmental policies. The modern Texas economy was built on energy, and the state remains the nation’s leading producer. The state’s development of fracking has revolutionized the oil and gas industry and has helped the nation break its dependence on foreign oil. Texas has also increased its production of renewable energy, but believes the global economy will rely for the foreseeable future on fossil fuels and resists restrictions on these resources. California, by contrast, has become a global leader in the fight against climate change. It has aggressively regulated carbon emissions and mandated a massive switch to renewable energy sources. California is the only state that can impose emissions regulations more strict than federal standards. As power has shifted in Washington, California has alternated between translating its environmental policies into federal law and defending its policies from federal challenge.

A strategic approach to reduce climate change risks for the LNG industry

2010 ◽  
Vol 50 (2) ◽  
pp. 694
Author(s):  
Michele Villa
Keyword(s):  
Climate Change ◽  
Oil And Gas ◽  
Global Climate ◽  
Supply And Demand ◽  
Climate Change Policy ◽  
Scenario Planning ◽  
Fixed Rate ◽  
Change Policy ◽  
The Government ◽  
Compliance Strategy

The Senate rejection of the Carbon Pollution Reduction Scheme Bill 2009 (CPRS) for the second time in December 2009 caused key sections of Australia’s big business to express concern. The stalled legislation and the challenges associated with the Copenhagen Accord to deliver a clear post-2012 global climate change agreement have only fuelled uncertainty surrounding the future of climate change policy. This uncertainty will come at a cost for the Australian LNG industry where a raft of new projects are fast approaching final investment decisions and the real impact of a carbon impost is difficult to quantify. Despite this uncertainty, subsequent negotiations between the Government and the Opposition regarding the LNG industry, led to an amended version of the CPRS Bill. One of the amendments accepted by the Government was related to the allocation rate and states that LNG is expected to be a moderately emissions intensive trade exposed (EITE) activity and therefore eligible to receive free permits at a fixed rate per tonne of LNG produced. Should this version of the CPRS become legislation in 2010, LNG producers will at least be able to calculate their liability under the scheme and confirm their compliance strategy. Given the significant value at stake with existing and new investments, oil and gas businesses should act with urgency to develop strategies to respond to a carbon constrained future, irrespective of the final legislative design. Scenario planning is an important step in considering the range of regulatory outcomes—both domestic and international—that will impact on the supply and demand of carbon assets.

scholarly journals Climate Change, Policy, and Justice

2021 ◽  
pp. 33-44
Author(s):  
Darrel Moellendorf
Keyword(s):  
Climate Change ◽  
Renewable Energy ◽  
Human Development ◽  
Climate Change Policy ◽  
International Justice ◽  
Intergenerational Justice ◽  
Change Policy ◽  
Production And Consumption ◽  
Renewable Energy Production ◽  
Rapid Transition

AbstractClimate change and climate change policy raise important issues of intergenerational and international justice. Intergenerational justice requires that CO2 emissions be halted by the middle of this century or shortly thereafter. But since human development requires energy, the elimination of emissions raises important questions of international justice. Responding adequately to climate change requires international cooperation in order to affect a rapid transition to renewable energy production and consumption and to safeguard conditions in which continued progress in human development can be made.

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