It seems that the coronavirus pandemic is here to stay as the newly-discovered Omicron variant of the virus spreads throughout the globe.  But climate change continues to be a threat too, as the impacts become more severe and the window for action narrows.  In this episode, Host Bill Loveless speaks with someone who has experience working on biological threats like pandemics as well as climate change. Alice Hill is the David M. Rubenstein Senior Fellow for energy and the environment at the Council on Foreign Relations. She previously served as Special Assistant to President Barack Obama and Senior Director for Resilience Policy on the National Security Council. The pair discussed her newest book “The Fight For Climate After COVID-19,” a treasure trove of insights on how we can use what we’ve learned from tackling COVID to build a climate resilient future. 

“The Fight For Climate After COVID-19”

Columbia Energy Exchange features in-depth conversations with the world’s top energy and climate leaders from government, business, academia and civil society. The program explores today’s most pressing opportunities and challenges across energy sources, financial markets, geopolitics and climate change as well as their implications for both the U.S. and the world.

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From methane monitoring to integrating more renewables into the power mix, artificial intelligence has the potential to transform the energy transition. It can be used to reduce emissions from food systems, and hard-to-abate sectors, like steel and cement manufacturing.  But the amount of energy AI will require is generating interest, uncertainty and concern. And this is in addition to the need for more electricity to help decarbonize multiple sectors. So what are the high potential opportunities for using AI to combat climate change and what are the risks? How will AI exacerbate existing stress on the power sector? And what are some of the opportunities to lower costs and increase efficiencies?   This week host Jason Bordoff talks with two of the authors of the  “Roadmap on Artificial Intelligence for Climate Change Mitigation,” David Sandalow and Alp Kucukelbir. David Sandalow is the inaugural fellow at the  Center on Global Energy Policy. Previously, David served at the U.S. Department of Energy and was a senior fellow at the Brookings Institution. He has served as assistant secretary of state for oceans, environment, and science, and as a senior director on the National Security Council staff.  Alp Kucukelbir is the co-founder and chief scientist  at Fero Labs. He is an adjunct professor of computer science at Columbia University and leads the entrepreneurship efforts at Climate Change AI.

AI for Climate Change Mitigation

On March 6, the U.S. Securities and Exchange Commission (SEC) adopted new rules to standardize climate-related disclosures for public business and public offerings. Hoping to provide investors with consistent and comparable information, the Commission’s new rules require companies to disclose emissions and the expenses and losses associated with climate risks in annual filings and reports.  But critics immediately balked at the rules, questioning its legality and effectiveness.  So, how does the SEC define climate-related risks? How do their disclosure requirements compare to similar rules passed in the EU and California? And what are the critics saying?  This week host Bill Loveless talks with Shiva Rajgopal about the SEC’s climate disclosure ruling and his Forbes’ column on the topic, “The SEC’s New Climate Rule Is A Reasonable Political Compromise In An Election Year”.   Shiva is the Kester and Byrnes Professor of Accounting and Auditing at Columbia Business School. His research interests span financial reporting, earnings quality, fraud, executive compensation and corporate culture. From 2017-2019, Shiva served as the vice dean of research for Columbia Business School and has been a faculty member at Duke University, Emory University, and the University of Washington.

The SEC Mandates Climate Disclosures

Methane leakage is one of many issues at the forefront today over how the oil and gas industry is engaging in the clean energy transition. Importantly, this industry includes not only some of the better-known energy companies, but also many national oil companies. Collectively they produce about half the world’s oil and gas. During last year’s COP28, these companies committed to cutting methane emissions and working towards decarbonizing the industry. But the energy transition for these companies is a delicate balance, as they are responsible for generating revenue and ensuring energy security for their countries.  So, how will global pledges to decarbonize impact the oil and gas industry? What is the role for cleaner fuels like hydrogen in meeting growing energy demand? How much progress is being made to curb methane emissions? And what is the role of national oil companies in the transition?  This week host Jason Bordoff talks with Mark Brownstein about the importance of reducing methane emissions and what the transition looks like for national oil companies.  Mark is the senior vice president of energy transition at the Environmental Defense Fund. He has been with EDF for almost two decades, working to halt the rise of global oil and gas emissions and accelerate the transition away from fossil fuels. Before joining EDF, Mark worked for Public Service Enterprise Group, a large electric and gas utility holding company in the U.S. He has also taught energy policy at Columbia University’s School of International and Public Affairs. 

Oil and Gas in the Energy Transition: An NGO Perspective

To limit global warming to 1.5°C above pre-industrial levels, emissions should already be decreasing and need to be cut by almost half by 2030. Although this target is just six years away, fossil fuels  experienced continued demand and revenue growth in 2023.  At CERAWeek by S&P; Global, one of the world’s largest annual energy conferences, the energy transition is at the forefront of conversations. But energy security and different pathways to net-zero goals is also the theme of the conference, and many companies are recommitting to their traditional oil and gas businesses even as they invest more in clean energy.  How do we navigate the path to a clean energy future? What is the outlook for energy prices and markets? What impact will today’s geopolitical challenges have on the transition? And what effects will the many elections around the world have on the energy sector? This week host Jason Bordoff is at CERAWeek talking with Javier Blas about the path to a clean energy future.  Javier is an opinion columnist for Bloomberg covering energy and commodities. He was previously at the Financial Times, where he held various positions, including his roles as the Africa editor and the commodities editor. Javier is a coauthor of the book The World for Sale: Money, Power and the Traders Who Barter the Earth’s Resources released in 2021.

Navigating Uncertainty in the Energy Market

For more than a century, extractive industry and capitalism have dominated the developed world’s economies. Some of the biggest companies in the world produce and sell oil and gas, and those commodities have made countries and people very wealthy. But they’re also a major source of pollution and contributor to the climate crisis. In response, many of these companies have started investing in renewable energy, others have completely shifted their focus to clean solutions.  Akshat Rathi’s new book Climate Capitalism delves into this shift and argues that saving the earth is economically more advantageous than destroying it.  So, what is climate capitalism? How can this new approach facilitate climate innovation and economic growth? And what will it take to move away from traditional capitalism?  This week host Bill Loveless talks with Akshat about his new book and how reforming the current economic system can address climate change and be profitable. Akshat is a senior climate reporter for Bloomberg News. Prior to Bloomberg, he was a senior reporter at Quartz and a science editor at The Conversation. His new book, Climate Capitalism: Winning the Race to Zero Emissions and Solving the Crisis of our Age has been named one of the best books of the year by the The London Times and The Economic Times. 

“The Fight For Climate After COVID-19”

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