News

Fall in US gas flaring gives cause for optimism 8/11/2020

FALL IN US GAS FLARING GIVES CAUSE FOR OPTIMISM

Payne Institute Senior Research Associate Jordy Lee, Director Morgan Bazilian, and Jamie Webster write about how in the past 12 months, gas flaring in the US has actually declined by 70 per cent, according to numbers provided by the Earth Observation Group.This decline was not driven by policy, Covid-19, or suddenly improved operations, but rather as the result of investors demanding greater capital discipline from a sector that had earned a reputation for prioritising growth over all other concerns. These demands have reduced activity, particularly from smaller operators that have often found it financially difficult to spend capital to improve environmental outcomes. August 11, 2020.

Published on End Poverty in South Asia India’s electricity consumption data shows economic impact of COVID-19 8/11/2020

INDIA’S ELECTRICITY CONSUMPTION DATA SHOWS ECONOMIC IMPACT OF COVID-19

The Payne Institute Earth Observation Group research provides the data for this piece on how COVID-19 has disrupted economic activity. Quantifying this disruption is challenging. Traditional national account estimates, the official government measure for economic activity, are not very helpful for that. To monitor economic activity in times like these, one needs instead measures that are available at higher frequency and higher spatial granularity- for example at the district level.  In India, the amount of electricity used (measured as total consumption) and the intensity of lights in the evening (measured as lights per area) are useful proxy indicators. Electricity consumption is measured daily at the state-level and changes reveal information about the economy.  August 11, 2020.  

OIL WELL EXPLOSION IN INDIA 8/5/2020

OIL WELL EXPLOSION IN INDIA

Payne Institute Earth Observation Group Willie Helms reports that an ongoing fire in India exploded on July 22, 2020, injuring three people. Over the last two months, Oil India Limited (OIL) has suspended operations at well number 5 of the Baghjan oil field, located in the Tinsukia district of Assam, India. Problems originally started on May 27, a blowout occurred, allowing gas to spew uncontrollably from the well. Fueled by the gas, a large fire broke out on June 9, killing two firefighters. August 5, 2020. 

CAUCASUS ENERGY INFRASTURCTURE UNDER THREAT, AS AZERBAIJAN-ARMENIAN CRISIS CONTINUES? 8/5/2020

CAUCASUS ENERGY INFRASTRUCTURE UNDER THREAT, AS AZERBAIJAN-ARMENIAN CRISIS CONTINUES?

Payne Institute Fellow Cyril Widdershoven writes about the decades old Armenian-Azerbaijani conflict is heating up again, as both sides are putting their armed forces on alert. The unexpected escalation, which could be even going into a next phase, due to increased Turkish-Azerbaijani cooperation the last days, is not only putting the Caucasus region on full alert, but also could be threatening major regional and international oil and gas transport infrastructure at risk.  August 5, 2020.

On oilsands, Alberta is still trying to fix yesterday’s problems 8/5/2020

ON OILSANDS, ALBERTA IS STILL TRYING TO FIX YESTERDAY’S PROBLEMS

Payne Institute Senior Research Associate Sara Hastings-Simon opinion piece regarding the decision by French energy giant Total highlights need to focus on today’s real challenges, and their reasons for the recently announced writedown of Canadian oilsands assets and the decision to halt all future investments in new capacity.  While the decision was framed within Total’s broader carbon neutrality goal, the fundamental challenge cited was not the carbon footprint of production from the oilsands, but rather that in a world that is responding to the threat of climate change, oil production will decline, leaving the expansion of higher cost, larger, and longer lifetime Alberta resources uncompetitive. August 5, 2020. 

Is the Texas Tesla factory a tipping point? Linking mining to electric vehicle manufacturing will bring jobs to South 8/5/2020

IS THE TEXAS TESLA FACTORY A TIPPING POINT? LINKING MINING TO ELECTRIC VEHICLE MANUFACTURING WILL BRING JOBS TO THE SOUTH

Payne Institute Fellow Emily Hersh and Jesse Edmondson write an opinion piece about Tesla’s announcement to build a new manufacturing hub in Austin for the production of the Cybertruck, Semi and the Model Y is the latest and greatest in what has been a growing trend to bring the electric vehicle supply chain to the southern United States. This represents of billions of dollars in investment that will create thousands of jobs. States traditionally dominated by conservative politics have an opportunity to embrace the future of American green energy.  August 5, 2020. 

Spatially variable taxation and resource extraction: The impact of state oil taxes on drilling in the US 8/5/2020

SPATIALLY VARIABLE TAXATION AND RESOURCE EXTRACTION: THE IMPACT OF STATE OIL TAXES ON DRILLING IN THE US

Payne Institute Faculty Fellow Peter Maniloff, Jason Brown, and Dale Manning estimate the responsiveness of nonrenewable resource firms to taxes on output using spatially explicit data from the oil sector in the United States. Using a model of resource firm capital allocation over space, we show that responses to spatially-varying taxes differ from responses to equivalent changes in the common output price. A larger response to tax rates occurs because the tax change only affects the returns to drilling in a single state, whereas a price change affects both the returns to drilling in a state and the opportunity cost of not drilling in other states.  August 5, 2020.

Sumit Agarwal named 2020 AVS Fellow 7/24/2020

Sumit Agarwal named 2020 AVS Fellow

Payne Institute Faculty Fellow Sumit Agarwal has been named a 2020 AWS Fellow.  Fellowship recognizes AVS members who have made sustained and outstanding technical contributions throughout their careers to research, engineering, technical advancement, academic education or technical management in the areas of basic science, technology development and commercialization of materials, interfaces and processing.  July 24, 2020.

Critical Minerals Don’t Burn Up – Why The Energy Security Playbook Needs A Re-Write 7/23/2020

CRITICAL MINERALS DON’T BURN UP – WHY THE ENERGY SECURITY PLAYBOOK NEEDS A RE-WRITE

Payne Institute Senior Research Associate Sara Hastings-Simon and Director Morgan Bazilian explain why the issues surrounding critical mineral security differ from traditional energy security. The required response should avoid delaying the transition to a low carbon future, whilst using the time available to focus on building robust supply chains and creating economic opportunity both in the U.S. and internationally.  July 23, 2020.  

IRAQ LOOKING TO DEVELOP ITS NATURAL GAS RESOURCE 7/23/2020

IRAQ LOOKING TO DEVELOP ITS NATURAL GAS RESOURCE

Payne Institute Earth Observation Group Willie Helms reviews VIIRS satellite imagery to see that since 2018, the United States has been putting pressure on Iraq to move toward energy independence. Iraq currently imports the majority of its natural gas from Iran, which is then burned for electricity. However, as a bi-product of its oil production, Iraq already flares the second most natural gas in the world as of 2018 per data from NOAA with assistance from VIIRS Nightfire (VNF).  July 23, 2020.  

OGCI launches $1M partnership with Payne Institute to develop new web platform to map gas flaring 7/23/2020

OGCI LAUNCHES $1M PARTNERSHIP WITH PAYNE INSTITUTE TO DEVELOP NEW PLATFORM TO MAP GAS FLARING

The Oil and Gas Climate Initiative (OGCI) has today announced a technical and financial sponsorship commitment of nearly $1M USD to the Payne Institute for Public Policy (PIPP) at Colorado School of Mines, to develop a transparent web platform to support real-time mapping and tracking of global gas flaring data.  The Payne Institute Earth Observation Group will provide the platform for the research via their VIIRS satellite. Launched in 2012, the VIIRS satellite uses advanced sensors to detect the light emitted by gas flares as infrared emissions at global facilities that find and produce oil and natural gas. The programme has been developed under the umbrella of the Global Gas Flaring Reduction Partnership (GGFR), a World Bank-led organization.  The Global Gas Flaring Explorer platform will deliver improved monitoring, visibility and transparency in flaring volume data, and will be publicly available in early 2022.  July 23, 2020.

Illuminating dark fishing fleets in North Korea

ILLUMINATING DARK FISHING FLEETS IN NORTH KOREA

The Payne Institute Earth Observation Group research on nighttime lights (VIIRS) provides the data for this article on Illegal, unreported, and unregulated fishing that threatens resource sustainability and equity. A major challenge with such activity is that most fishing vessels do not broadcast their positions and are “dark” in public monitoring systems. Combining four satellite technologies, we identify widespread illegal fishing by dark fleets in the waters between the Koreas, Japan, and Russia.  July 22, 2020. 

New Technology Unveils Massive Illegal Fishing by Dark Fleets in North Korea, What Next? 7/22/2020

NEW TECHNOLOGY UNVEILS MASSIVE ILLEGAL FISHING BY DARK FLEETS IN NORTH KOREA, WHAT NEXT?

The Payne Institute Earth Observation Group research on nighttime lights (VIIRS) was featured in this article about unprecedented fishing activity in North Korea.  International collaboration reveals widespread illegal fishing in North Korean waters across 2017 and 2018. Hundreds of large, industrial vessels originating from China likely violated United Nations (U.N.) sanctions and caught almost half a billion dollars worth of Pacific flying squid. July 22, 2020.  

MINES ENERGY FUTURE PODCAST – DR. M.V. Ramana Small Modular Reactors: History and Future Potential

MINES ENERGY FUTURE PODCAST – DR. M.V. RAMANA DISCUSSES SMALL MODULAR REACTORS: HISTORY AND FUTURE POTENTIAL

Mines Energy Future podcast featuring Dr. M.V. Ramana,  Professor and Simons Chair in Disarmament, Global and Human Security, Director, Liu Institute for Global Issues, School of Public Policy and Global Affairs, University of British Columbia discussing nuclear energy, and small modular reactors (SMR). July 21, 2020.

Global Gas Flaring Jumps to Levels Last Seen in 2009

GLOBAL GAS FLARING JUMPS TO LEVELS LAST SEEN IN 2009

The Payne Institute Earth Observation Group’s research on gas flaring is providing the data for the annual World Bank Global Gas Flaring Report.  Estimates from satellite data show global gas flaring increased, by 3%, to levels not seen in more than a decade, to 150 billion cubic meters (bcm), equivalent to the total annual gas consumption of Sub-Saharan Africa.  July 21, 2020.

Smart Meter Data to Optimize Combined Roof-top Solar and Battery Systems using a Stochastic Mixed Integer Programming Model 7/21/2020

SMART METER DATA TO OPTIMIZE COMBINED ROOF-TOP SOLAR AND BATTERY SYSTEMS USING A STOCHASTIC MIXED INTEGER PROGRAMMING MODEL

Emon Chatterji and Payne Institute Director Morgan Bazilian presents the design and results of a model that uses household smart meter data, electric vehicle (EV) travel load and charging options, and multiple solar resource profiles, to make decisions on optimal combinations of photovoltaics (PV), battery energy storage systems (BESS) and EV charging strategies. The least-cost planning model is formulated as a stochastic mixed integer programming (MIP) problem that makes first stage decisions on PV/BESS investments, and recourse decisions on purchase/sell from/to the grid to minimize expected household electricity costs. July 21, 2020.

Three Ways Policymakers in Emerging Economies can Encourage Low-Carbon Road Transport Decisions – that Aren’t Subsidies 7/20/2020

THREE WAYS POLICYMAKERS IN EMERGING ECONOMIES CAN ENCOURAGE LOW-CARBON ROAD TRANSPORT DECISIONS – THAT AREN’T SUBSIDIES

Payne Institute Senior Research Associate Greer Gosnell argues that policymakers must pay more attention to car buyers’ considerations of social status if they wish to address climate change. Given targets for halting global temperature rise to 1.5oC, the forces underlying the decisions of current and prospective car buyers in these nascent markets will be incredibly consequential. COVID-19 may present a rare opportunity for policymakers in emerging economies—where citizens now more clearly value the benefits of a future characterized by clean air and blue skies—to set themselves on a different path from that of the U.S. and other industrialized economies.  July 20, 2020.

Pembina Institute Welcomes New Directors to Board 7/17/2020

PEMBINA INSTITUTE WELCOMES NEW DIRECTORS TO BOARD

Payne Institute Senior Research Associate Sara Hastings-Simon has appointed to the Pembina Institute board as a director.  The Pembina Institute is pleased to welcome six new directors with leadership experience on clean technology and innovation, climate policy, sustainable resource development, and youth empowerment.  New members bring expertise in energy innovation, sustainable finance and clean electrification.  July 17, 2020.  

PROPOSING A JUST TRANSITION RATING SYSTEM

PROPOSING A JUST TRANSITION RATING SYSTEM

Payne Institute Fellow Brad Handler and Director Morgan Bazilian write about how the energy transitions threaten to leave communities struggling with facility closures, job losses, and reductions in tax revenues. Many of these communities will seek to reinvigorate—or even reinvent—themselves through investment and programs to spur job and business creation. Although some communities may have “rainy day” funds available for this investment (although legislatures have to be persuaded to use such funds for this purpose), many do not. As such, some municipalities (or other local government formations) will likely have to turn to public debt markets. July 16, 2020.

Dynamic corrective taxes with time-varying salience 7/15/2020

Dynamic corrective taxes with time-varying salience

Payne Institute Faculty Fellow Ben Gilbert and Joshua Zivin write about economies across the globe that are becoming increasingly cashless and many payment systems have become automated, driving a temporal wedge between consumption and payment and generally making the costs of consumption intermittently salient. Since this inconsistent price salience alters demand elasticities, it is a particular concern for goods that generate externalities and the price-based policies deployed to address them. This paper derives optimal dynamic corrective taxes for suboptimal and persistent consumption decisions. These taxes depend on the agent’s ability to commit to a future consumption path. July 15, 2020.

Mines researchers awarded $7.7M from ARPA-E to test full-scale hybrid stationary power system 7/13/2020

MINES RESEARCHER AWARDED $7.7m FROM ARPA-E TO TEST FULL-SCALE HYBRID STATIONARY POWER SYSTEM

Payne Institute Faculty Fellow Robert Braun has been awarded $7.7 million in funding from the U.S. Department of Energy’s Advanced Research Projects Agency-Energy (ARPA-E) to develop and test a full-scale hybrid stationary power system that could provide highly efficient electricity to hospitals, supermarkets, large retailers and more.  The fuel cell researchers are targeting the highest electric efficiency ever for something that’s powered by a fossil fuel – the world’s first 70 percent efficient natural-gas fueled power generation system.  July 13, 2020.  

Arctic Security and Dialogue: Assurance through Defence Diplomacy 7/11/2020

ARCTIC SECURITY AND DIALOGUE: ASSURANCE THROUGH DEFENCE DIPLOMACY

Payne Institute Fellow Michael Young writes about how key stakeholders have been confident that the Arctic Council was the appropriate forum for discussing most non-military Arctic issues. At the same time, UNCLOS, IMO and various international legal agreements, along with numerous forums, helped to manage a significant portion of the remaining challenges. Today, security concerns are heightening with new Arctic players and the days of a stable Arctic region, free from intervening security concerns, may be facing headwinds as military activity and rhetoric have increased over the past few years. July 11, 2020.

ARGENTINA’S POPULAR EXCLUSIVE ECONOMIC ZONE 7/10/2020

ARGENTINA’S POPULAR EXCLUSIVE ECONOMIC ZONE

Payne Institute Earth Observation Group Willie Helms reviews VIIRS satellite imagery to look at Argentina.  Argentina is a nation with rich, natural squid resources. Its exclusive economic zone (EEZ) is one of the best places for squid fishing on Earth. The EEZ, spanning for 200 nautical miles from any point of the Argentinean coast, is home to the Argentine shortfin Squid. Because some of the best areas for squid fishing are just near the EEZ boundary, fishing fleets from other countries try to catch these squid by getting as close as possible to the Argentinean EEZ.  July 10, 2020.  

ALBERTA ANNOUNCES NEW 10-YEAR PROGRAM TO ATTRACT PETROCHEMICAL PROJECTS 7/9/2020

ALBERTA ANNOUNCES NEW 10-YEAR PROGRAM TO ATTRACT PETROCHEMICAL PROJECTS

Payne Institute Senior Research Associate Sara Hastings-Simon contributes to this article about how Alberta is offering a funding program to every project that meets its criteria.  The Alberta Petrochemicals Incentive Program, launching this fall, will invest in major petrochemical manufacturing projects in the province. Government funding will be provided to every project that applies and meets the criteria once they’re operational, said Dale Nally, Alberta’s Associate Minister of Natural Gas and Electricity. July 9, 2020.

Artificial Lights Tell the Story of the Pandemic 7/8/2020

ARTIFICIAL LIGHTS TELL THE STORY OF THE PANDEMIC

The Payne Institute Earth Observation Group research on nighttime lights (VIIRS) provides confirmation for this article on satellite views of Earth that reveal the distinct imprint of humankind’s response to a fast-spreading virus.  As entire populations and industries curtailed their usual movements, pixels of light on satellite images rearranged themselves accordingly—a new bright cluster here, a fresh spot of darkness there.  July 8, 2020. 

US-China Dispute Sharpens Focus on Minerals Policy – 7/2/2020

US CHINA DISPUTE SHARPENS FOCUS ON MINERALS POLICY

Payne Institute Senior Research Associate Sara Hastings-Simon contributes to this article about the concerns the US has regarding its reliance on China for 80% of rare earth metals. The raw materials including lithium, cobalt, nickel and graphite comprise nearly 80% of the cost of electric vehicle batteries, according a study by the Center for Strategic and International Studies.  July 2, 2020.

We could be witnessing a turning point in the oilsands industry 6/30/2020

WE COULD BE WITNESSING A TURNING POINT IN THE OILSANDS INDUSTRY

Payne Institute Senior Research Associate Sara Hastings-Simon writes an opinion piece that rather than focus on a reduction of emissions, Suncor is looking at diversification.  Recently, the CEO of Suncor, Mark Little, along with Alberta Innovates CEO Laura Killcrease wrote a call to action for oil companies in Canada. The piece was notable compared with previous statements for two reasons: both its acknowledgement of the potential for significant disruption to the energy system in a timeline that is “not-too distant,” as well as putting forward a proposal for the future that is fundamentally different from the goal to produce oil with a net zero upstream footprint.  June 30, 2020.

THE FIRST MOONSHOT DIDN’T DISRUPT AN INCUMBENT INDUSTRY. THE CLIMATE MOONSHOT MUST 6/26/2020

THE FIRST MOONSHOT DIDN’T DISRUPT AN INCUMBENT INDUSTRY. THE CLIMATE MOONSHOT MUST

Payne Senior Research Associate Sara Hastings-Simon writes why the climate “moonshot” faces special challenges, and how to work around them.  A successful climate moonshot could help avert the crisis by deploying existing low-carbon technologies and helping to develop new ones, dramatically reshaping the energy system and significantly reducing oil demand through 2050. But the threat of disruption to one of our biggest incumbent industries creates challenges in getting the moonshot off the launchpad in the first place. June 26, 2020.  

Payne Institute Welcomes New Fellow Michael Cohen 6/24/2020

PAYNE INSTITUTE WELCOMES OUR LATEST FELLOW MICHAEL COHEN

The Payne Institute is happy to welcome our latest fellow Michael Cohen. Michael is Chief U.S. Economist and Head of Oil Analysis in BP’s Group Economics team. In this role, he is responsible for oil, transportation, and U.S. energy policy related analysis in BP’s Statistical Review of World Energy and Energy Outlook. The Economics team helps inform decision making for BP’s board and executive team as well as for the Upstream, Downstream, Government Affairs, Trading, and Fuels/Marketing businesses.  June 24, 2020.

PODCAST: ENERGY THINKS WITH TISHA SCHULLER 6/11/2020

PODCAST: ENERGY THINKS WITH TISHA SCHULLER

Payne Institute Advisory Board Member Tisha Schuller has a new podcast titled Energy Thinks, where she has conversations with top thought leaders in the energy space focusing on sustainability, ESG and future proofing against social risk.  June 11, 2020.

Jennifer Miskimins named Petroleum Engineering department head 6/11/2020

JENNIFER MISKIMINS NAMED PETROLEUM ENGINEERING DEPARTMENT HEAD

Payne Institute Faculty Fellow Jennifer L. Miskimins is the new head of the Petroleum Engineering Department at Colorado School of Mines.  A Mines alumna, Miskimins joined the Mines faculty in 2002. She has 30 years of experience in the petroleum industry, starting with Marathon Oil Company as a production and completions engineer and production foreman. June 11, 2020.  

SO, YOU WANT TO MAKE BATTERIES BETTER TOO? 6/9/2020

SO, YOU WANT TO MAKE BATTERIES BETTER TOO?

Payne Institute Fellow Emily Hersh, Alex Grant, and Chris Berry write a framework for developing lithium-ion battery supply chain industrial strategy.  The 2020s will see a boom in demand for lithium, manufacturing of lithium-ion batteries, and electric vehicle deployment on a massive scale as a part of our energy transition away from fossil fuels. Politicians around the world are wondering how their jurisdictions can participate in the lithium ion battery supply chain. Simultaneously, there is concern about the concentration of lithium-ion battery industrial activity in China.  June 9, 2020.
English Version – So, You Want to Make Batteries Better Too?
Spanish Version – Serie de comentarios de Payne – Entonces tú También Quieres Hacer Baterías

PODCAST: A JUST ENERGY TRANSITION IN BOTH THE OLD AND NEW ENERGY SECTORS 5/30/2020

PODCAST: A JUST ENERGY TRANSITION IN BOTH THE OLD AND NEW ENERGY SECTORS

Dustin Mulvaney, Payne Institute Director Morgan Bazilian, Joshua Busby, and host David Spence discuss the clean energy transition in a two-part podcast; Part I: The Transition in Fossil-Fuel Dependent Communities, and Part II: Global Supply Chains and Clean Energy Justice.  The energy transition is likely to have dislocative effects on certain sectors.  These changes could have consequences for communities and sectors that rely on fossil fuels for employment and taxes. Advocates of a clean transition, for ethical reasons and for political strategic reasons, need to be attendant to their needs.  May 30, 2020.  

Global Energy Politics June 1, 2020

GLOBAL ENERGY POLITICS

Payne Institute Fellow Thijs Van de Graaf has a new book that uncovers 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. 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. June 1, 2020.

HOW PLUMMETING FUEL PRICES AND REDUCED OPERATIONS COULD FREE UP BILLIONS OF DEFENSE DOLLARS 5/26/2020

HOW PLUMMETING FUEL PRICES AND REDUCED OPERATIONS COULD FREE UP BILLIONS OF DEFENSE DOLLARS

Payne Institute Fellow Michael Baskin writes about how the U.S. Department of Defense is one of the world’s largest consumers of petroleum, yet it relies on an industrial-era system to plan for volatility in global oil markets. Prioritizing stability over efficiency, the system is not designed to respond nimbly to shocks in the oil market like the one happening right now due to COVID-19.  May 26, 2020.

ECONOMIC BENEFITS OF NATURAL GAS PRODUCTION: THE CASE OF GHANA’S SANKOFA GAS PROJECT 5/26/2020

ECONOMIC BENEFITS OF NATURAL GAS PRODUCTION: THE CASE OF GHANA’S SANKOFA GAS PROJECT

Payne Institute Scholar John Ayaburi and Director Morgan Bazilian consider the economic benefits of Ghana’s Sankofa natural gas project.  In 2014, Ghanaians experienced severe power outages — known as “dumsor” — with the productivity losses estimated at 2 percent of GDP. Domestic natural gas production could provide reliable and low cost electricity for Ghana, if it can be developed. A joint project, Sankofa gas project, aimed at developing natural gas off the coast of Ghana promises to transform the country’s energy mix.  May 26, 2020

Economic impacts of the 2020 oil market crash 5/21/2020

ECONOMIC IMPACTS OF THE 2020 OIL MARKET CRASH

Payne Fellow Brad Handler and Director Morgan Bazilian write about how the upstream oil and gas industry risks losing more than 200,000 jobs over the next six to 12 months—comparable to the 2015–2016 oil market downturn—and appears poised to shrink over the longer term, as well. This may challenge states and local communities that have significant upstream exposure and suggests they focus on making their economies more resilient.  May 21, 2020. 

Steel, Hydrogen And Renewables: Strange Bedfellows? Maybe Not… 5/15/2020

STEEL, HYDROGEN AND RENEWABLES: STRANGE BEDFELLOWS? MAYBE NOT…

Payne Institute Fellow Dolf Gielen and Advisory Board member Kenneth Medlock write that as firms and nations increasingly adopt “net zero” carbon ambitions, some sectors of the economy stand out as more difficult in meeting those goals, particularly industrial activities that require very high temperatures and/or generate process emissions associated with chemical transformations. While these sectors present challenges towards deep decarbonization, new opportunities are emerging rapidly. A future low-carbon energy system will likely be more material-intensive than the current one, and in virtually any vision of a net-zero carbon future there is a massive need for new infrastructure.  May 15, 2020.  

The Geostrategic Importance of Outer Space Resources 5/15/2020

THE GEOSTRATEGIC IMPORTANCE OF OUTER SPACE RESOURCES

Payne Institute Fellow Alex Gilbert and Morgan Bazilian look at space mining, and if it is the final frontier?  The world may be heading towards the greatest mining rush in history—in outer space. Falling costs and greater access to space launch services, coupled with new technologies, are leading to the establishment of numerous companies in this nascent industry.  May 15, 2020.

The Coronavirus Reaffirms the Importance of Sustainable Development in Mining 5/13/2020

THE CORONAVIRUS REAFFIRMS THE IMPORTANCE OF SUSTAINABLE DEVELOPMENT IN MINING

Payne Research Associate Jordy Lee and Morgan Bazilian explain why disruptions from COVID-19 can have larger implications for developing nations that are dependent on the mining industry. Without an overt focus on sustainable development, many counties will continue to suffer from market fluctuations and price volatility. May 13, 2020. 

COVID-19 has tested governments around the world – here’s what that means for the energy transition 5/13/2020

COVID-19 HAS TESTED GOVERNMENTS AROUND THE WORLD – HERE’S WHAT THAT MEANS FOR THE ENERGY TRANSITION

Payne Institute Advisory Board member David Victor and Payne Director Morgan Bazilian write about how the world is ensconced in a global public health crisis due to the rapid spread of the COVID-19 virus, and the related economic crisis and oil market crash, the path to a low-carbon future has become more uncertain.  It is more critical than ever to look at countries’ readiness for the energy transition.  May 13, 2020.

Fostering Effective Energy Transition 5/13/2020

FOSTERING EFFECTIVE ENERGY TRANSITION – 2020 EDITION

The Payne Institute contributed to the World Economic Forum Platform for Shaping the Future of Energy and Materials.  The annual benchmarking of energy systems across countries has enabled tracking the speed and direction of their energy transition and identifying opportunities for improvement. The transformation of the energy system over the past decade, although slower than required to achieve the objectives of the Paris Agreement to combat climate change, has been significant. But this hard‑earned momentum now risks being lost, as the ongoing COVID‑19 pandemic continues to cause economic and social damage.  May 13, 2020.  

 

The Payne Institute experts are regional, national, and international leaders in applied research in natural resources, energy, and the environment. Our team is involved in a wide variety of research projects in these fields, and are committed to sharing these results with academic and professional audiences.

 

DISCLAIMER: The opinions, beliefs, and viewpoints expressed are those of the author alone and do not reflect the opinions, beliefs, viewpoints, or official policies of the Payne Institute or Colorado School of Mines.