Reducing emissions through innovation is technically feasible, and despite a regulatory focus on other fossil fuels, oil will increasingly offer ways to mitigate climate change.
Focusing mainly on petroleum products has handicapped efforts to help the oil industry make choices consonant with a low-carbon world.
Taxing climate pollution instead of productivity will be a societal breakthrough.
Innovative and continuous support will be needed to manage the effects of a sustained decline in oil prices, especially in oil-producing and developing countries.
Attention to technological disruption has distracted observers from the fact that politics continues to be the most disruptive force of all in the oil and gas markets.
The oil market has been turned upside down over the past two years. How will future policies, designed to meet the Paris climate agreement, shape the future of oil demand?
A smart carbon tax differentiates among the different chemical entities called “oil,” accounts for GHG emissions along the entire oil supply chain, and includes byproducts that do not fuel transport.
Because of the growing chemical and geological diversity of the new oils, the lack of alternative liquid fuels for transportation, and the size and global scope of oil production and trade, a tax is most needed in the oil sector.
For the first time, it is possible to estimate the value and profile of GHG emissions from oils throughout their supply chain using an Oil-Climate Index. This allows for the replacement of blunt tax designs with a smart tax that captures oil’s total emissions with minimal economic cost and maximum efficiency.
Promethean changes are poised to reshape the transport sector, with significant implications for the greenhouse gas emissions of twenty-first century mobility. Will autonomous vehicles prove to be a climate policy tool, or a climate policy challenge?
The Carnegie Energy and Climate Program engages global experts working on issues relating to energy technology, environmental science, and political economy to develop practical solutions for policymakers around the world. The program aims to provide the leadership and the policy framework necessary to minimize the risks that stem from global climate change and competition for resources.
The Carnegie Endowment for International Peace has created a new leadership initiative to develop a non-partisan solution financing a better transportation system in the United States. Former U.S. Senator Bill Bradley, former Pennsylvania Governor and Secretary for Homeland Security Tom Ridge, and former U.S. Comptroller General and now founder and CEO of the Comeback America Initiative David Walker, will lead an intensive analysis to find politically realistic measures to fix what is now a broken transportation system.
The agency provides information on solar activity, sea level rise, the temperature of the atmosphere and the oceans, the state of the ozone layer, air pollution, and changes in sea ice and land ice. How much warmer will the planet get? How will sea level rise progress? What will happen to soil moisture, and therefore agricultural production, in a warmer world? NASA scientists and engineers will help answer these and other critical questions in the future.