Switched On

The 27th Conference of the Parties has concluded in Egypt, with the annual UN climate summit finally reaching a deal after two days of overtime. In today’s show, we take a closer look at the Sharm el-Sheikh Implementation Plan. Headed into COP27, many referred to the event as the “implementation COP,” given the need to deliver on previous commitments. To tell us how this year’s COP performed against stated objectives, we speak with Victoria Cuming, global head of policy at BNEF. From loss and damage, to carbon trading, to funding the $100 billion of climate finance promised to developing nations, Vicky shares her scorecard on how this COP measured up against expectations. This podcast is based off the BNEF research note “Implementation COP Fails to Implement Much Climate Action.” It can be read at BNEF< GO> on the Bloomberg Terminal, at bnef.com or via our mobile app. See omnystudio.com/listener for privacy information.

Europe is constructing a more flexible electricity grid to prepare for what is shaping up to be a volatile transition to net zero. There is a range of projects ranging from the mega, such as the proposal to build artificial islands in the North Sea, to the micro, for example, deploying distributed resources to make residential and industrial customers more flexible. In this episode, Sanjeet Sanghera speaks with Chris Peeters, CEO of Elia Group. They explore what Elia is doing in both of these domains of grid flexibility and how Europe is preparing for this winter.Research on electricity grids by BloombergNEF can be found at BNEF on the Bloomberg Terminal, at bnef.com, or on BNEF's mobile app.See omnystudio.com/listener for privacy information.

Natural gas prices remain elevated and security of supply is uncertain. In Europe, the reduced flows of natural gas coming from Russia have impacted everything from home heating to manufacturing. As we head into winter in the Northern Hemisphere, what is likely to happen in natural gas markets and what factors are important to consider when we think about implications beyond this year? In today’s episode, we hear from Stefan Ulrich and Arun Toora, who are both European gas specialists at BNEF. They address outstanding questions like whether Europe has enough gas in storage to make it through this winter and how big of a role demand destruction could play. Complimentary research from BNEF includes the ‘European Gas Winter Outlook 2022: Demand Swings Too Far?’ and ‘Global LNG Winter Outlook 2022-2023.’ These can be found at BNEF on the Bloomberg Terminal, at bnef.com and on our mobile app. See omnystudio.com/listener for privacy information.

The voluntary carbon offsets market is growing as companies and countries look to meet their climate goals. Offsets from agriculture have been getting attention recently. While they comprise only 1% of total offsets today, their potential to spur innovation and change in agricultural practices means there is scope for a much bigger impact. From soil management to livestock-related activities, farmers are at the heart of the agriculture offsets market. Today, we speak about what agriculture carbon offsets are, what one needs to think about when considering whether the emissions reductions are additional, and who is keeping an eye on them. To provide us with those details, Kyle Harrison, Head of Sustainability Research at BNEF, joins us on the show. For further reading on this topic, BNEF subscribers can read, Agriculture Carbon Offsets Outlook: Barren to Bountiful, at BNEF on the Bloomberg Terminal, and bnef.com or via our mobile app.See omnystudio.com/listener for privacy information.

Several countries in Africa are looking to expand their energy systems to meet rising electricity demand. The question remains whether they will industrialize in the same way developed nations have done in the past, or whether they will install a greater proportion of low-carbon technologies. The region is at an inflection point and just like in Robert Frost’s poem The Road Not Taken, choosing the road less traveled may have benefits. As we look ahead to the COP27 summit, which will be held in Egypt in November 2022, climate finance for the developing world will be in the spotlight. Today, we speak with Chasity McFadden, an energy transition analyst at BloombergNEF focused on Africa, about what she is seeing in the region. Through case studies in Namibia and South Africa, we think about what the future energy system could look like in Sub-Saharan Africa. For additional information, BNEF subscribers can read the research notes titled Namibia Spearheads Energy Storage in Sub-Saharan Africa, Sub-Saharan Africa’s Power Technology Debate, and South Africa Tackles Power Outages Through Private Sector. These can be found at BNEF on the Bloomberg Terminal, at bnef.com, or on BNEF's mobile app.See omnystudio.com/listener for privacy information.

Solar has a critical role to play in decarbonizing the global energy system. It also has the potential to reduce power price volatility by increasing domestically produced energy supply in some parts of the world. In 2022, BloombergNEF expects to see yet another record year of solar build. This is all the while the cost of components, materials and projects remains elevated. In today’s episode of Switched On, Dana Perkins speaks with Jenny Chase, head of solar at BNEF, about what is happening in the solar industry today and what she expects to see going forward. This podcast draws upon research found in the BNEF 3Q 2022 Global PV Market Outlook, which can be found at BNEF on the Bloomberg Terminal, at bnef.com, or via our mobile app.See omnystudio.com/listener for privacy information.

Batteries for electric vehicles and stationary storage are increasingly in demand. But while ever-cheaper batteries were expected only a couple of years ago, supply turbulence for the key metals needed has increased prices in 2022 and made future costs uncertain. Depending on the chemistry selected, battery metals can make up 60-80% of a battery’s total cost. Alongside human rights concerns, metals prices have led battery manufacturers to take a closer look at their chemistries. In today’s episode of Switched On, we speak with Kwasi Ampofo, head of metals and mining at BNEF, about the outlook for battery metals – specifically, lithium, nickel, cobalt, manganese, and graphite. This episode draws upon the research found in BNEF’s 1H 2022 Battery Metals Outlook: Supply Turbulence Ahead, which can be found at BNEF on the Bloomberg Terminal, at bnef.com, or via our mobile app.See omnystudio.com/listener for privacy information.

Not long ago, floating offshore wind turbines were treated as conceptual cleantech. More recently, they have become reality with gigawatts of capacity slated for installation within this decade. In this episode, we discuss the potential for floating wind, its growth drivers and cost trends with Oliver Metcalfe, head of wind research at BloombergNEF, and Luisa Amorim, the offshore wind specialist at BNEF. This episode draws upon research found in the BNEF 1H 2022 Offshore Wind Market Outlook and was produced by Sanjeet Sanghera. To access this research, subscribers can find it at BNEF on the Bloomberg Terminal, at bnef.com or via our mobile app.See omnystudio.com/listener for privacy information.

In the years following the Fukushima nuclear disaster of 2011, the conversation around decarbonizing the energy sector moved away from nuclear. However, current commodity price volatility has brought nuclear back to the fore and countries that were previously focused on decommissioning nuclear power stations are now, once again, discussing its virtues. Will this spur a nuclear renaissance and how might this time be different from the 1960s and 1970s? What technology breakthroughs could make the future of nuclear different, and will they happen quickly enough to respond to current market signals? To address these questions and more, Dana Perkins speaks with Chris Gadomski, lead nuclear analyst at BloombergNEF. This episode of Switched On draws upon a BNEF research note titled, Nuclear 1H 2022 Market Outlook: Unprecedented Opportunity. To access this research, BNEF subscribers can find it at BNEF on the Bloomberg Terminal, at bnef.com or via our mobile app.See omnystudio.com/listener for privacy information.

Fit for 55 is designed to support the European Union’s pledge to cut greenhouse gas emissions by 55% by 2030 when compared with 1990 levels. To aid in achieving this goal, there are several changes proposed to the European Union Emissions Trading System (EU ETS). In today’s episode of Switched On, we speak with Bo Qin and Emma Coker, who focus on carbon markets for BNEF. They outline these changes and their impact on the EU ETS. This episode was based on two BloombergNEF research notes: How ‘Fit for 55’ Would Reform the European Carbon Market, as well as Reforms and Offsets Front and Center for EU Carbon Players. These can be found at BNEF on the Bloomberg Terminal, at bnef.com, or on BNEF's mobile app. See omnystudio.com/listener for privacy information.

The roll out of charging infrastructure is combatting range anxiety and enabling the adoption of Electric Vehicles. Ryan Fisher, whose research focuses on Electric Vehicles and Charging Infrastructure for BNEF, discusses how quickly this is happening, what is facilitating charger installations around the world, and how charging might impact the electricity grid in the future. Today's podcast pulls from research found in BNEF's Electric Vehicle Outlook (EVO) 2022. For more information, go tohttps://about.bnef.com/electric-vehicle-outlook/. Today's episode was hosted by Dana Perkins. See omnystudio.com/listener for privacy information.

Today’s episode features an interview from BNEF’s Summit in Munich that took place on May 24, 2022. Colin McKerracher, Head of Advanced Transport at BNEF, spoke with Irene Feige, Head of Climate Strategy and Circular Economy at BMW Group. They discuss how to take emissions and the circular economy into account when designing a vehicle. Irene shares her views on the automotive supply chain, spanning from materials to manufacturing.To find out about BNEF’s Summits and to listen to more interviews, go to about.bnef.com/summit/.See omnystudio.com/listener for privacy information.

To understand how the energy transition could play out around the world, one might turn to Europe to see how progressive policies and favorable economics for renewables are having an impact. For the second year in a row, BloombergNEF has taken a closer look at Europe’s place in the energy transition through a series of forward-looking scenarios found in the European Energy Transition Outlook 2022. In today’s episode, we speak with Andreas Gandolfo, Head of European Power Analysis, and Emma Champion, Head of Regional Energy Transitions at BNEF. They tell us what aspects of the report stood out, discuss the repercussions of the current energy crunch, and identify which technologies are likely to have the most impact on a net-zero future for the European energy system. To learn more, BNEF subscribers can read the European Energy Transition Outlook 2022 at BNEF on the Bloomberg Terminal, at bnef.com, or on BNEF mobile. Today’s episode is hosted by Dana Perkins.See omnystudio.com/listener for privacy information.

Today’s episode features an interview from BNEF’s recent Summit in New York City, where Ethan Zindler, Head of Americas for BNEF, spoke with Mark Carney, UN Special Envoy for Climate Action and Finance and Chair of the Glasgow Financial Alliance for Net Zero (GFANZ). As emphasis on sustainable finance grows and reporting frameworks refine, he highlights the importance of corporate disclosure. Mark also shares his perspective on the role of renewable energy in the energy transition, and how it presents an opportunity for greater energy security.  To find out about BNEF’s Summits and to listen to more interviews, go to about.bnef.com/summit/. See omnystudio.com/listener for privacy information.

Looking to better understand the newly proposed rules on climate-related disclosures from the US Securities and Exchange Commission (SEC), or where nuclear and gas belong on the EU Taxonomy for Sustainable Activities, or perhaps what the Glasgow Financial Alliance for Net Zero (GFANZ) is doing? You’ve come to the right place and today’s episode goes through all of this and more with Maia Godemer and Mallory Rutigliano, who write about sustainable finance for BloombergNEF (BNEF). Complimentary BNEF research includes the 1H 2022 Sustainable Finance Market Outlook, Including Gas and Nuclear Will Burn Holes in EU Taxonomy, and U.S. Finally Moves on Climate Reporting With SEC Proposal. BNEF clients can access this analysis on BNEF on the Bloomberg Terminal, on bnef.com or BNEF Mobile. This episode of Switched On is hosted by Dana Perkins. See omnystudio.com/listener for privacy information.

From flight shaming to solar ‘buycotts,’ political consumers are making their voices heard on climate by using their wallet. In today’s episode we speak with Hugh Bromley, who writes about consumer issues across the global energy, transport, and sustainability sectors for BloombergNEF (BNEF). We discuss case studies from around the world, where political consumers are driving decarbonization through actions like buying electric vehicles or eating vegan diets.   Today’s episode is based on a report titled, Boycotts, Buycotts, Lifestyle Choices and Discursive Acts. BNEF clients can access this analysis at BNEF on the Bloomberg Terminal, on bnef.com or BNEF Mobile.Switched On is hosted by Dana Perkins. This episode was produced by Eva Marina Gonzalez Isla.See omnystudio.com/listener for privacy information.

By the end of the decade, energy demand could grow by 80% across the five countries containing the majority of European data centers. Instead of placing strain on the grid, data centers have the potential to serve as a source of flexible demand. In today’s episode, Michael Kenefick and Sarrah Raza from BNEF discuss the future of the grid and how data centers might interact.Today’s episode is based on a report titled, Data Centers and Decarboninziation: Unlocking Flexibility in Europe’s Data Centers. This was done in partnership with Eaton and Stakraft. See omnystudio.com/listener for privacy information.

They are also one of the largest sources of industrial emissions. In today’s episode we talk about how companies are looking to reduce these emissions and some of the emissions reducing technologies that are being developed. We also discuss how high oil prices might this impact the petrochemicals supply chain. We are joined by Ilhan Savut who writes about sustainable materials for BNEF and Sisi Tang who an oil and chemicals analyst. Today’s episode is based on two separate BNEF research reports titled, Decarbonizing Petrochemicals: Corporate Strategies and Decarbonizing Petrochemicals: Technologies and Costs. BNEF clients can access this analysis at BNEF on the Bloomberg Terminal, on bnef.com or BNEF Mobile.Switched on is hosted by Dana Perkins. See omnystudio.com/listener for privacy information.

What companies are buying voluntary carbon offsets? How much do offsets cost? Are they truly providing an additional carbon benefit? These are just some of the hotly discussed topics in the carbon offset space. This week, Switched On speaks with BNEF’s Head of Sustainability Research, Kyle Harrison, about the outlook for voluntary carbon offsets. He addresses some of the issues being discussed right now and what this might tell us about the future for offsets. This episode is based on the BNEF research note titled, Long-Term Carbon Offsets Outlook 2022. BNEF clients can access this analysis at BNEF on the Bloomberg Terminal, on bnef.com or BNEF Mobile.Switched On is hosted by Dana Perkins. This episode was produced by Eva Marina Gonzalez Isla.See omnystudio.com/listener for privacy information.

What must be true today, in order to achieve a net-zero future? That is one of the questions considered by the BloombergNEF Energy Economics team when building forward-looking energy transition scenarios out to 2050. This week, Switched On speaks with BNEF’s Chief Economist, Seb Henbest. He talks about our Energy Transition Scenario, as well as what we might learn from the three net zero scenarios that were added in the last release of BNEF’s flagship New Energy Outlook report. Recorded in late-2021. This episode is based on BNEF’s New Energy Outlook report series. BNEF clients can access this analysis at BNEF on the Bloomberg Terminal, on bnef.com or BNEF Mobile.Switched On is hosted by Dana Perkins. See omnystudio.com/listener for privacy information.

Recent volatility and high prices in natural gas commodities markets have created a knock-on effect for utilities and consumers. This week, Switched On speaks with BloombergNEF's global head of LNG analysis, Fauziah Marzuki, about the once regional but now global natural gas market. She discusses the future of natural gas including when and under what conditions natural gas prices and trade flows might stabilize.This episode is based on a report titled Four Ways to Think About the Future of Natural Gas. BNEF clients can access this analysis at BNEF on the Bloomberg Terminal, on bnef.com or BNEF Mobile.Switched On is hosted by Dana Perkins.See omnystudio.com/listener for privacy information.

In June of this year, the California Public Utilities Commission put out a decision requiring an additional 11,500MW of clean energy capacity to be procured by entities supplying the California grid by 2026. But also stipulated 1,000MW of this has to come from zero-emitting, renewable resources that have at least an 80% capacity factor, or, geothermal. In part 1 of this series we talked about the new technologies enabling geothermal development. In part 2, we'll talk about the business case -- how this regulation has set off a wave of activity in the sector, from incumbent geothermal developers, and those planning to utilize new geothermal generation technologies. Today on the show, we’ve got Paul Thomsen, Vice President of Business Development at Ormat Technologies. He’ll tell us about what’s going on in California and how Ormat and others are responding to this demand.BNEF users can hear this interview and more, on BNEF<GO> on the Bloomberg Terminal, bnef.com or BNEF Mobile.Switched On is hosted this week by Mark Taylor.See omnystudio.com/listener for privacy information.

Geothermal is a small industry, with just about 14 gigawatts of capacity online globally. But where it matters, it matters a lot. In pockets around the world, geothermal can be not just the cleanest form of power, but also the cheapest. Still, geothermal development is hard -- drilling wells involves similar risks to oil and gas projects, but offers returns more in line with utilities. That risk profile has stunted the growth of geothermal. There are several companies working hard on technologies to de-risk geothermal development and squeeze additional value out of the hot water coming out of the wells. In some cases, they are throwing out the concept of conventional geothermal and starting afresh. Today, Switched On speaks with Hidda Thorsteinsson, managing director for research and innovation at Reykjavik Energy.BNEF users can hear this interview and more, on BNEF<GO> on the Bloomberg Terminal, bnef.com or BNEF Mobile.Switched On is hosted this week by Mark Taylor.See omnystudio.com/listener for privacy information.

In late October, Rio Tinto announced plans to capture and bury CO2 from its ISAL aluminum smelter outside Reykjavik in the basalt right under its feet. The initiative is part of a $7.5bn effort to reduce firm-wide operational emissions by 50% by 2030. Today, Switched On speaks with Kari Helgason, head of research and innovation at Carbfix, the company that will take Rio's CO2 and inject it underground where it will turn to rock within two years. In our conversation, which takes place on location in Iceland at the site of Carbfix's first CO2 injection project, he tells us how the technology works, and how Carbfix's solution could scale to make a meaningful dent in global emissions.BNEF users can hear this interview and more, on BNEF<GO> on the Bloomberg Terminal, bnef.com or BNEF Mobile.Switched on this week is hosted by Mark Taylor.See omnystudio.com/listener for privacy information.

Hundreds of countries and companies aim to hit net-zero CO2 emissions by 2050, or thereabouts. But even after COP26, most have not laid out clear pathways to getting there, and are putting themselves in the position of starting too late to meet the mid-century deadline. This decade is critical to get things going. This week, Switched On speaks with BNEF head of energy transition, Luiza Demoro, about the Pathfinders Initiative. Launched on October 18, Pathfinders is a resource from Bloomberg for policymakers to see what has worked around the world and get actionable ideas for policies to meet their net-zero targets.You can find out more about the Pathfinders Initiative at bloomberg.com/netzeropathfinders.Switched on this week is hosted by Mark Taylor.See omnystudio.com/listener for privacy information.

Methane is a potent greenhouse gas. When it comes to reducing methane emissions, monitoring technology, economics, and policy all have an important role to play. This week, Switched On speaks with BNEF analysts Antoine Vagneur-Jones, who covers EMEA Energy Transitions, and Nakul Nair, who covers U.S. Gas & LNG. They tell us about methane emissions and what can be done.This episode is based on a report titled Global Demethanization Poised to Give U.S. LNG an Edge. You can also find Bloomberg’s coverage of COP26 and the Global Methane Pledge on the Bloomberg COP26 blog.Switched on this week is hosted by Dana Perkins.See omnystudio.com/listener for privacy information.

The pressure is on the U.S. to get its climate house in order before it seeks to lead negotiations in Glasgow. This week, Switched On speaks with BNEF head of Americas, Ethan Zindler, and BNEF head of global policy, Victoria Cuming. They will walk us through the politics in the U.S. and what to watch out for in Glasgow, whether or not Biden shows up to the conference as a leader, or just an attendee.This episode is based BNEF's ongoing coverage of U.S. and global policy, and special coverage of COP26. BNEF clients can access this analysis at BNEF<GO> on the Bloomberg Terminal, on bnef.com or BNEF Mobile.Switched On is hosted this week by Mark Taylor and Dana Perkins.See omnystudio.com/listener for privacy information.

Europe's energy crunch is complex and weeks in, does not yet seems to be resolving, with higher gas prices, gasoline shortages and electricity retailers going out of business. This week, Switched On speaks with BNEF head of research for EMEA, David Hostert. He will walk us through the big picture -- why the energy crunch, why now -- and talk us through how gas, coal, carbon and renewables are all tied into this. The podcast also touches on the implications for governments and consumers.This episode is based BNEF's ongoing coverage of European power, gas, and carbon markets. BNEF clients can access this analysis at BNEF<GO> on the Bloomberg Terminal, on bnef.com or BNEF Mobile.Switched On is hosted this week by Mark Taylor.See omnystudio.com/listener for privacy information.

Hydrogen is a clean burning molecule that could be used to cut carbon emissions in some of the hardest to abate sectors like steel, cement, and aluminum production. This week, Switched On speaks with BloombergNEF lead hydrogen analyst Martin Tengler about the fundamentals of hydrogen. He will talk us through the many ways hydrogen can be produced, transported and used, plus the challenging economics behind this promising energy source for the clean energy transition.This episode is based on a report titled, Hydrogen for Beginners: Everything You Need to Know. BNEF clients can access this at BNEF<GO> on the Bloomberg Terminal, on bnef.com or BNEF Mobile.Switched On is hosted this week by Dana Perkins.See omnystudio.com/listener for privacy information.

International mining company Glencore has set a net-zero 2050 ambition across its operations for scope 1, 2, and 3 emissions, meaning not only the mining but the use of its products, like coal. Today, Switched On speaks with Anna Krutikov, head of sustainable development at Glencore. She walks us through the company's targets, opportunities faced by Glencore in the energy transition in areas like battery metals, and some of the ethical considerations associated with decarbonization timelines.BNEF users can hear this interview and more, on BNEF<GO> on the Bloomberg Terminal, bnef.com or BNEF Mobile.Switched On is hosted this week by Dana Perkins.See omnystudio.com/listener for privacy information.

The urban sprawl can seem endless, but in reality, cities only cover 3% of global landmass, while accounting for 70% of global emissions. Cities around the world are therefore turning their focus to sustainability. This week, Switched On speaks with Technology & Innovation analyst for BNEF, Kirti Vasta. She will tell us about cities making moves toward sustainability and why now. How different types of cities are approaching the challenge in different ways, and how all cities are using technology as a key component to their strategy.This episode is based on a report titled Digital Technologies for Smarter, More Sustainable Cities. BNEF clients can access this at BNEF<GO> on the Bloomberg Terminal, on bnef.com or BNEF Mobile.Switched On is hosted this week by Mark Taylor.See omnystudio.com/listener for privacy information.

The offshore wind sector is set to grow more than 10-fold over the next 15 years. Growth has been largely in Europe to date, but China is about to go big with more than 25 gigawatts coming online in the next five years, and President Biden is pushing for 30 gigawatts to be installed in the U.S. by 2030. This week, Switched On speaks with BloombergNEF offshore wind analysts Imogen Brown and Chelsea Jean-Michel about why offshore wind and why now, and who is positioned to win in the boom ahead.This episode is based on a report titled 1H 2021 Offshore Wind Market Outlook. BNEF clients can access this at BNEF<GO> on the Bloomberg Terminal, on bnef.com or BNEF Mobile.Switched On is hosted this week by Mark Taylor.See omnystudio.com/listener for privacy information.

BloombergNEF's Electric Vehicle Outlook is our long-term view on how electrification, shared mobility, and autonomous driving will re-shape road transport in the next three decades. This week, Switched On speaks with Colin McKerracher, the report's lead author and head of transport analysis, about when the world must start to meet net zero targets, which sectors are on track to do so, and what surprised him most in this year's analysis.This episode is based on the Electric Vehicle Outlook 2021. BNEF clients can access this at BNEF<GO> on the Bloomberg Terminal, on bnef.com or BNEF Mobile.Switched On is hosted this week by Mark Taylor.See omnystudio.com/listener for privacy information.

Over the past four months more than $30 billion has been raised by some of the world's largest asset managers for energy transition-focused funds. The capital raised will be invested in things like wind, solar, and energy storage projects, and equity in the companies developing and supplying these projects. Switched On speaks with BloombergNEF Chief Content Officer and Bloomberg Opinion columnist Nat Bullard about this fundraising activity, why now, who's involved, and whether this is just the start of things to come.This episode is based on Bullard's latest Sparklines column, More Money Than Ever Is Flowing Into Climate Tech, which can be found on the Bloomberg terminal under NI BULLARD, and on bloomberg.com.Switched On is hosted this week by Mark Taylor.See omnystudio.com/listener for privacy information.

Power company AES has been an energy company in transition for well over a decade, and continues to develop and own renewable and other power assets globally. Today, Switched On's Dana Perkins speaks with AES CEO, Andres Gluski. He shares his views on the many aspects of the energy business -- from generation to storage to nuclear -- as well as what AES is doing to reduce its own carbon footprint as it drives toward its net zero goal.BNEF users can hear this interview and more, on BNEF<GO> on the Bloomberg Terminal, bnef.com or BNEF Mobile.Switched On is hosted this week by Dana Perkins.See omnystudio.com/listener for privacy information.

China will be a huge market for electric vehicles. In BloombergNEF's latest Electric Vehicle Outlook, published last month, we project that EVs will be 25% of China's passenger vehicle sales in 2025, 48% in 2030, and 77% in 2040. This week, Switched On speaks with BloombergNEF electric vehicle analyst Siyi Mi about the policies China has in place to accelerate this growth, and how pure-play EV manufacturers - including Tesla - are benefiting.This episode is based on a report titled China’s New Energy Vehicle Credit System – 2021. BNEF clients can access this at BNEF<GO> on the Bloomberg Terminal, on bnef.com or BNEF Mobile.Switched On is hosted this week by Mark Taylor.See omnystudio.com/listener for privacy information.

U.S. benchmark oil prices are up almost 50% this year, as global demand continues its pandemic recovery. In the States, rising demand and rising prices have led to production increases - but only modest increases so far. This week, Switched On speaks with Tai Liu and Anna Dialynas, U.S. oil analysts for BloombergNEF. They will tell us us about how most U.S. oil producers are choosing fiscal discipline over major production increases, and opting for debt reductions and shareholder paybacks over drilling new wells.This episode is based on a report titled U.S. Shale Oil Quarterly Outlook: 3Q 2021. BNEF clients can access this at BNEF<GO> on the Bloomberg Terminal, on bnef.com or BNEF Mobile.See omnystudio.com/listener for privacy information.

Oil major BP has ambitions to cut its greenhouse gas emissions from its own operations, its oil & gas production, and the products it sells to net-zero by 2050. Also during that time the company plans to ramp up investment in non-oil and gas activities, like renewables, hydrogen, and carbon capture, utilization and storage (CCUS). Today, Switched On's Dana Perkins speaks with Giulia Chierchia, executive vice president of strategy and sustainability at BP about the energy transition from an energy company perspective.BNEF users can hear this interview and more, on BNEF<GO> on the Bloomberg Terminal, bnef.com or BNEF Mobile.Switched On is hosted this week by Dana Perkins.See omnystudio.com/listener for privacy information.

The aluminum industry can achieve net-zero carbon emissions, and there are multiple routes to get there, starting from recycling and going all the way to carbon capture and storage (CCS) and offsets. Producers will need a combination of technologies to decarbonize fully. This week, Switched On speaks with BloombergNEF analysts Sharon Mustri and Julia Attwood about the costs of decarbonizing aluminum, and the implications for policymakers and aluminum producers.This episode is based on a report titled Decarbonizing Aluminum: Technologies and Costs. BNEF clients can access this at BNEF<GO> on the Bloomberg Terminal, on bnef.com or BNEF Mobile.Switched On is hosted this week by Dana Perkins.See omnystudio.com/listener for privacy information.

For more than a decade, BloombergNEF has been forecasting the price of carbon credits under the European Emissions Trading Scheme (EU ETS), and in the latest edition, the forecast breaches the 100-euro barrier for the first time ever. This week, Switched On speaks with Jahn Olsen, lead carbon analyst for BNEF about the factors contributing to this price forecast, and what it means for carbon emissions and the players involved.This episode is based on the 1H 2021 EU ETS Market Outlook. BNEF clients can access this at BNEF<GO> on the Bloomberg Terminal, on bnef.com or BNEF Mobile.Switched On is hosted this week by Dana Perkins and Mark Taylor.See omnystudio.com/listener for privacy information.

Electric vehicles are creating a lot of buzz, but are they profitable for the manufacturers? This week, Switched On speaks with Opel Automotive CEO Michael Lohscheller about his strategy for the transition to EVs. He discusses what the automotive industry must do to drive up profit from electrified cars, which includes taking a closer look at supply chains and battery manufacturing.Nikolas Soulopoulos, advanced transport analyst at BloombergNEF (BNEF), interviewed Lohscheller as a part of the BNEF Munich Summit on May 21. For more information regarding BNEF's Summits, go to about.bnef.com/summit.BNEF users can see this interview and more, including all the BNEF Analyst Talks at BNEF<GO> on the Bloomberg Terminal, on bnef.com, or BNEF Mobile.Switched On is hosted this week by Dana Perkins.See omnystudio.com/listener for privacy information.

Elon Musk put out a $100 million prize earlier this year for innovation in 'carbon negative solutions', or pulling carbon dioxide (CO2) out of the air. But BloombergNEF carbon capture analyst David Madrid says Musk is missing the point -- what is needed for direct air capture is scale, not new technologies., This week, Switched On speaks with David about direct air capture, how it works, and the pilot projects aimed at bringing the technology down the cost curve.This episode is based on a report titled Material Tech Highlight: Direct Air Capture. BNEF clients can access this at BNEF<GO> on the Bloomberg Terminal, or on bnef.com or BNEF Mobile.Switched On is hosted this week by Mark Taylor.See omnystudio.com/listener for privacy information.

Why does the threat of climate change give some nightmares while others simply ignore it? Where do perceptions lie and how do they differ by country, age, education level, or political affiliation? This week, Switched On speaks with BloombergNEF consumer research analyst, Hugh Bromley, about several recent surveys that ask how people perceive climate change and whether they see it as a top risk.This episode is based on a report titled What Divides and Unites on Climate Action and Awareness. BNEF clients can access this at BNEF<GO> on the Bloomberg Terminal, or on bnef.com or BNEF Mobile.Switched On is hosted this week by Dana Perkins and Mark Taylor.See omnystudio.com/listener for privacy information.

This year is looking like a major year for dialogue on - and commitments to - climate action. This week, Switched On speaks with two BloombergNEF colleagues to put this Summit into context and discuss some early indicators of how countries plan to meet their net-zero targets: Victoria Cumming, global policy lead, and Ali Izadi-Najafabadi, Head of Asia Pacific Research.This episode is based on our ongoing research on national climate commitments and the run-up to COP26 later this year. BNEF clients can access this research at BNEF<GO> on the Bloomberg Terminal, or on bnef.com or BNEF Mobile.Switched On is hosted this week by Dana Perkins.See omnystudio.com/listener for privacy information.

The global wind market is booming, with nearly 100 gigawatts of new capacity going online in 2020. Today, Switched On speaks with BloombergNEF wind analysts Isabelle Edwards and Leo Wang, who talk about what made 2020 a record year for installations, where the growth is happening, who is supplying all those turbines, and how all of this is just the start of things to come.This episode is based on a report titled 2020 Global Turbine Market Shares. BNEF clients can access this at BNEF<GO> on the Bloomberg Terminal, or on bnef.com or BNEF Mobile.Switched On is hosted this week by Mark Taylor.See omnystudio.com/listener for privacy information.

This week, Switched On speaks with U.S. Energy Secretary Jennifer Granholm, who was sworn into office on February 25th. One of Secretary Granholm's objectives at the Department of Energy will be to set the U.S. on a path to achieving President Biden’s goal of net-zero carbon emissions from the power sector by 2035 by advancing cutting-edge clean energy technologies, and creating millions of clean energy jobs.Ethan Zindler, head of Americas for BloombergNEF did the interview as part of the BNEF New York Summit on April 13th.BNEF users can see this interview and more, including all the BNEF Analyst Talks on bnef.com or BNEF Mobile, or at BNEF<GO> on the Bloomberg Terminal.Switched On is hosted this week by Dana Perkins.See omnystudio.com/listener for privacy information.

European utility strategy continues to evolve as the energy transition moves forward. Today, Switched On speaks with BloombergNEF carbon analyst, Bo Qin, and decentralized energy analyst, Michael Kenefick. They will tell us about how low gas prices, combined with high carbon prices and renewables output, are squeezing coal out of the merit order in Europe, and how retail power continues to be a highly competitive market.This episode is based on a report titled European Utility Company Profiles 2020. BNEF clients can access this report on at BNEF<GO> on the Bloomberg Terminal, or on bnef.com or BNEF Mobile.Switched On is hosted this week by Dana Perkins.See omnystudio.com/listener for privacy information.

On March 15, Volkswagen signaled its ambition to compete in the growing electric vehicle market by building out battery production and charging infrastructure, as well as adding new EV models. And in January, General Motors announced its plan to only sell zero-emission light-duty vehicles by 2035, on its way to becoming carbon-neutral. This week, Switched On speaks with Colin McKerracher, head of transport research for BNEF, about VW, and electric vehicle analysts Alejandro Zamorano Cadavid and Nikolas Soulopoulos about GM's plans. They will tell us about the motivations behind these announcements, the strategies involved, and how clarity of mission could help these companies compete with EV frontrunner Tesla.This episode is based on a report titled Volkswagen's Plan to Bridge the Tesla Charging Gap, and another titled GM to Deal With Electrification Transition Risks, BNEF clients can access these reports on at BNEF<GO> on the Bloomberg Terminal, or on bnef.com or BNEF Mobile.Switched On is hosted this week by Dana Perkins and Mark Taylor.See omnystudio.com/listener for privacy information.

The transition to a low-carbon economy has been at the center of policy making in the European Union over the last decade. But Europe is still not on track to meet its 2030 clean energy and climate goals. This week, Switched On speaks with Dario Traum, global head of energy transition research for BloombergNEF, and Andreas Gandolfo, head of European power research. They will tell us about progress on climate targets in Europe, and what might accelerate things. They also say that change could happen a lot faster than we think.This episode is based on a report titled European Energy Transition Outlook 2021, BNEF clients can access this report on bnef.com or BNEF Mobile, or at BNEF<GO> on the Bloomberg Terminal.Switched On is hosted this week by Dana Perkins.See omnystudio.com/listener for privacy information.

Prolonged frigid temperatures last weekend caused electricity demand in the Texas power grid, or ERCOT, to explode. The extreme cold resulted in more than 30GW of power plant outages, and a situation where demand outstripped supply by 30%. This resulted in millions of Texans being without power, heat, and clean water. This week, Switched On speaks with Anastacia Dialynas, head of US oil research, and Nick Steckler, head of North America power analysis for BNEF. They're going to tell us about how the state’s power, oil and gas sectors went down at once, and what Texas might consider to 'build back better'.BNEF users can find ongoing coverage of U.S. power, oil and gas markets on bnef.com, the bnef mobile app, and the Bloomberg terminal.Switched On is hosted this week by Mark Taylor.See omnystudio.com/listener for privacy information.