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Daniel Yergin on Energy's New Map
Podcast

Daniel Yergin on Energy's New Map

Bruce Edwards and Daniel Yergin
IMF, 2022
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With four-fifths of energy consumption still of fossil fuels, the transition to renewable energy is slow going. But in the brave new world of green energy, minerals could shape a different global order. In this insightful IMF podcast, host Bruce Edwards and economic historian Daniel Yergin discuss the future of energy and its impacts on geopolitics, including the possibility of new powers replacing current-day hegemons, as Big Oil cedes to Big Mining.

Summary

The world is going through an energy crisis.

The rapid rise of energy prices, in the face of a strong rebound from the coronavirus pandemic, began to change energy markets, even before Russia’s 2022 incursion into Ukraine. Energy prices will continue to wreak havoc on economies. Nations will have to reckon with heightened economic and political volatility, as they deal with climate change and the pandemic’s aftermath. 

Fossil fuel consumption remains at 80% of global usage. Noncarbon technologies, such as solar power, have only recently become competitively priced.

Current energy problems are complex and deep-rooted.

Fracking technologies ...

About the Podcast

Daniel Yergin, vice chairman of S&P Global, is an author, energy expert and economic historian. Bruce Edwards hosts the IMF podcast.

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