PESD's innovative and interdisciplinary approach to its National Oil Companies (NOC) Study is featured in the recent issue of Interaction, which explores the future of oil and those studying the complex topic across the university. Read more »
David Hults addressed the Center for Latin American Studies at Stanford where he discussed energy policy for three Latin American countries, Brazil, Mexico, and Venezuela-- within the context of a larger fifteen-country study on National Oil Companies. Read more »
Op-ed: Encina Columns Summer '08
As oil prices surge through $140/barrel at the time of writing, surely one can at least count on the invisible hand of the market to drive further exploration and production and ultimately bring more supplies on line, right? Or perhaps, more ominously, high oil prices presage a darker future of shortage and conflict as global oil fields pass their geological "peak"? In fact, both positions miss a crucial point about the dynamics of the world oil market -- that it is increasingly animated by the counterintuitive behavior of the state-owned oil and gas giants that now control the vast majority of the world's hydrocarbon resources. Read more »
PESD work on the role of carbon offsets in climate change mitigation attracts international attention
Michael Wara and David Victor's recent work, A Realistic Policy on International Carbon Offsets, addresses problems with the world's largest offset program, the UN's Clean Development Mechanism. Wara and Victor argue that much of the CDM investment doesn't actually meet the UN's crucial additionality standards, and they outline ways to fix the problem.
- » Wall Street Journal: French firm cashes in under UN warming program
- » Science Magazine: California emissions plan to explore use of offsets
- » Wall Street Journal: UN warming program draws fire
Victor discusses climate policy, offsets, and incentives in Wall Street Journalin the news: Wall Street Journal on July 23, 2008
Income from carbon offsets has become French chemical manufacturer Rhodia SA's most profitable business. The WSJ estimates payouts to the firm from projects in Brazil and South Korea could total $1 billion over seven years, raising questions about the incentive structure of the CDM. David Victor argues that carbon markets are not sending the appropriate signals to the developing world.
From Acai to Access: Distributed Electrification in Rural Brazil
PESD researcher, Hisham Zerriffi, examines the success and failure in the use of small scale technologies for rural electrification.
Op-ed: Newsweek on April 17, 2008
What to do about Mexico's oil company, Pemex, may seem like a parochial issue of interest only to Mexicans and a few oil industry executives. But the matter should be of concern to anybody who is wondering when oil will come down off its near-record highs. Read more »