Category: Responsible Gas Initiative

How energy subsidy reform can drive the Iranian power sector towards a low-carbon future 8/11/2022

How energy subsidy reform can drive the Iranian power sector towards a low-carbon future

Vahid Aryanpur, Mahshid Fattahi, Siab Mamipour, Mahsa Ghahremani, Brian ÓGallachóir, Payne Institute Director Morgan D. Bazilian, and James Glynn write about how substantial energy subsidies are recognised as the leading cause of Iran’s inefficient electricity generation and consumption. This paper investigates the impacts of subsidy removal on future electricity demand and the required generation mix. A hybrid modelling framework is developed to analyse supply and demand sides under harmonised assumptions. August 11, 2022.

Why isn’t Big Oil up in arms about the climate-friendly Inflation Reduction Act? 8/8/2022

Why isn’t Big Oil up in arms about the climate-friendly Inflation Reduction Act?

Payne Institute Director Morgan Bazilian contributed to this podcast about how there’s a lot of stuff baked into the 755-page Inflation Reduction Act, which was approved in the Senate and is expected to pass in the House. Top of mind for many is the nearly $370 billion set aside for energy transition and climate change mitigation. In fact, some are calling the Democrats’ measure the biggest piece of climate legislation in U.S. history.  On the surface, that sounds like it could be bad news for traditional fossil fuel companies, specifically Big Oil and Gas. But believe it or not, some of them sound fairly encouraged by the bill.  August 8, 2022.

Carbon Capture Utilization and Storage in the New Inflation Reduction Act 8/5/2022

Carbon Capture Utilization and Storage in the New Inflation Reduction Act

Payne Institute CCUS Program Manager Anna Littlefield writes about how the Inflation Reduction Act of 2022 should offer an immense boost to the carbon capture, utilization, and storage (CCUS) industry.  With $369 billion allocated to energy security and climate change, the expectation is to ‘lower energy costs, increase cleaner energy production, and reduce carbon emissions by roughly 40% by 2030.”  August 5, 2022.

NEW WINNERS, NEW LOSERS: TOWARD A NEW ENERGY SECURITY 8/4/2022

NEW WINNERS, NEW LOSERS: TOWARD A NEW ENERGY SECURITY

Payne Institute Director Morgan Bazilian and Fellow Cullen Hendrix write about how we are in the midst of the biggest global energy crisis in history.  Old playbooks are not up to the task. This new paradigm will require making the new geopolitical risks and tradeoffs of sustainable energy systems explicit. It will also require figuring out how to ensure energy security for some — major powers and developed economies — does not create massive insecurity for the rest: the many developing countries that have huge unmet energy needs and significant natural resources. August 4, 2022. 

The Net-Zero Industry Tracker 7/28/2022

The Net-Zero Industry Tracker

Payne Institute Director Morgan Bazilian is an advisory board member for the new World Economic Forum Net-Zero Industry Tracker report that sets the their ambition to establish a robust tracking platform that supports the emergence of low-carbon industries by the decade’s end. Industrial sectors account for nearly 40% of global energy consumption and more than 30% of global greenhouse gas emissions. The transformation of these sectors is pivotal to reaching net-zero emissions by 2050. It is time to close the gaps with timely and consistent monitoring of industrial decarbonization.  July 28, 2022.

How Manchin wobble may hit Biden’s public land oil strategy 7/18/2022

How Manchin wobble may hit Biden’s public land oil strategy

Payne Institute Director Morgan Bazilian contributed to this article about how after Sen. Joe Manchin sent climate negotiations into chaos on Capitol Hill last week, the pressure is on President Joe Biden to take his own concrete steps to halt global warming, like toughening his stance on drilling for oil on public lands.  The West Virginia Democrat waffled ahead of the weekend on whether he will support climate spending in ongoing negotiations over the reconciliation package that Democrats are trying to get passed ahead of the midterm elections — when the GOP is predicted to gain spots in Congress. He blamed inflation for his position.  July 18, 2022.

A View from the Ground Along the Proposed Trans-Saharan Gas Pipeline (TSGP) Route 7/15/2022

A View from the Ground Along the Proposed Trans-Saharan Gas Pipeline (TSGP) Route

Payne Institute ESG Research Associate Baba Freeman writes about how the proposed Trans-Saharan Gas Pipeline (TSGP) has been conceived to transport gas from the Niger delta in Nigeria, across Niger and Algeria to supply Europe as it reduces its dependence on Russian gas while transitioning to lower carbon energy. Technical risks to the pipeline’s success can also be substantially mitigated through engineering studies before the final investment decision is made. A case can be made that beyond these latter risk categories, that there would be residual risks to the TSGP’s success that are non-market and non-technical in nature. July 15, 2022.

Clearing the Non-Technical Hurdles for CCS 7/15/2022

Clearing the Non-Technical Hurdles for CCS

Payne Institute Communications Associate Brooke Bowser, Sustainable Finance Lab Program Manager Brad Handler, CCUS Program Manager Anna Littlefield, and Director Morgan Bazilian write about how the oil and gas industry began injecting carbon dioxide into the ground in the 1970s as a technique to produce more oil (now called enhanced oil recovery), but today there is a renewed interest in CO2 injection for carbon capture and storage (CCS) projects — this time as a way to address climate change. Despite CCS technology itself being decades-old, persistent regulatory and liability questions paired with limited economic viability threaten development, even as the industry appears to be gathering momentum for large-scale growth.  July 15, 2022.

US College Students Are Shunning Oil-Industry Degrees for ESG Future 7/6/2022

US College Students Are Shunning Oil-Industry Degrees for ESG Future

Payne Institute Faculty Fellow Jennifer Miskimins contributed to this article about how college students see energy transition marginalizing industry and the number of new oil grads seen plunging 83% from 5 years ago.  Students feel that fossil fuels may not have much of a future given increasing pressure from politicians, activists and investors to pivot toward more climate-friendly energy sources.  July 6, 2022.  

Policy-Driven Potential for Deploying Carbon Capture and Sequestration in a Fossil-Rich Power Sector 7/2/2022

Policy-Driven Potential for Deploying Carbon Capture and Sequestration in a Fossil-Rich Power Sector

Abdallah Dindi, Payne Institute Fellow Kipp Coddington, Jada F. Garofalo, Wanying Wu, and Haibo Zhai write about how in 2020, the Wyoming Legislature enacted House Bill No. 0200 (HB0200), which requires utilities to generate a percentage of dispatchable and reliable low-carbon electricity by 2030. This state requirement must take into consideration “any potentially expiring federal tax credits”, such as the federal Section 45Q tax credit. This study aims to examine the potential role of economic and policy incentives that facilitate carbon capture and sequestration (CCS) deployment. July 2, 2022.