The Next Stage of the Global Energy Transition

Against a backdrop of record-setting investment, influential Ministers and CEOs tell us what the next stage of the global energy transition looks like. H.E. Saad Sherida Al-Kaabi, Minister of State for Energy Affairs, State of Qatar; President & CEO, QatarEnergy, Patrick Pouyanné, Chairman & CEO, TotalEnergies, Darren W. Woods, Executive Chair & CEO, ExxonMobil discuss with Francine Lacqua, Anchor, Bloomberg Television.

[Charvak-Atheist]

He is wrong.
Fossel fuel demand will peak before 2030.

Not only for transportation but also for Grid energy generation.

Even when sun is not there, cost of Solar energy + storage cost will be cheeper by then.

BTW,
Solar energy is already cheaper,
But because you need to store solar electricity for use when there is no sun,
But when you add storage cost to it,
It becomes expensive than traditional fossel based electricity.

That is why new Thermal power plant is still being constructed.

But by 2030 (that just conservative estimate ), this will not be the case.

So after that no new Thermal power plant will be constructed.
Hardy any Fossel fuel vehicles will be sold.

That is why Fossel fuel demand will peak by then.
Annual Carbon emission will also peak by then.

Not only that,
After 2030, before 2035
Even the operational cost of existing Thermal power plant will not keep up with declining cost of electricity.

So even existing Thermal power plant will start shutting down rapidly.

Such that fossel fuel demand will contract by 90% from in peak by 2035.

[VladimirTheHiddenOne]

It’s disappointing to see such a strong promotion of fossil fuels at the Qatar Economic Forum. In 2022, 87% of Qatar's export value came from gas and oil. Now that these export numbers are declining, it's unsurprising that there's a push to highlight the continued relevance of these resources. It's a shame that I spent even five minutes listening to this.

Wake up please.

[aryaman]

Absolutely nothing on UA war and its impact on energy supply ?

[douglasengle]

The future for large scale electrical generation is new technology nuclear. This has been the expectation since the 1960s before the high cost and large federal government involvement made nuclear build costs and spent fuel concerns showed new technology coal plants were competitive. Once built the fueling costs for nuclear power is very cheap needed for huge cheap electrical power demands such as high speed rail and future maglevs in the 2040s.  

Over double the current loading gauge an 8 meters wide maglev with multi levels traveling at 621 mph (1, 000 kph) with only a few people on it needs have electricity almost incrementally free to be long term running cost viable. There is almost no wear on the machine that might travel 9, 000 miles in a 24 hour period day-after-day. The first level could be designed to allow simulations drive-on drive-off side loading of automobiles and cargo containers able to take place in a one minute stop acting much like a traffic light. Upper levels could be continues luxury passenger space. Such a train could stop every 100 miles and cross the USA cost-to-cost in about eight hours. It will consume more electricity than a small city needing that electricity to be almost free.  

The only widely placed power source for such a heavy electrical demand needing almost incrementally free electricity would be highly adaptive load following new technology nuclear plants or they'd need pumped hydropower storage that doubles the cost of the electricity.

In the USA many old inefficient coal plants built in the 1950 and 1960s were expected to be made secondary with little use by new nuclear and new ultra efficient clean burning coal plants, but the USA electrical demands failed to grow as expected going forward in the 1980s that would of required new capacity that would of also replaced old base load generator plants. Electrical demands are now expected to grow over the next decades in the USA with adoption of electric vehicles and computationally intense large scale data centers.

Global warming was officially stated at 1.1°C in 1991 and 1.06°C in 2022. There is no mechanism that would allow greenhouse gas behavior to cause global warming. The back of the United Nation's IPCC science report states it took its greenhouse gas samples at 20, 000 meters altitude where it is common high school level knowledge there is no greenhouse radiant energy. This is typical practice for deceptive marketing to state legal data transparency protecting the perpetrators from fraud prosecution.

Earth's greenhouse effect is frequently used as a primary example to high school students of a system always in saturation from the strong greenhouse gas water vapor absorbing all the greenhouse radiant energy from the earth with greenhouse gases within 20 meters of the surface that is all around us everyday and can't have its overall effect changed. There is no further greenhouse radiant energy to interact with greenhouse gases. At 1% average tropospheric water vapor over 99% of earth’s greenhouse effect is from water vapor. Water vapor would hold earth's greenhouse effect in saturation if it were the only greenhouse gas in the atmosphere.

Arctic warming is taking place with the proving mechanism being warm Atlantic Ocean waters migrating deeper and more frequently into the Arctic Ocean warming it and the region. That warmer water is causing a few weeks less of reflective snow and ice coverage resulting in more solar heat gain to the Arctic region surface.

Atmospheric CO2 levels of 1200 ppm about three times what they are today would greatly invigorate C3 plants the majority of plant life on earth greatly greening the planet.

0.4% of the atmosphere is CO2 and on average 1% is H20 water vapor. (1% H20)/(0.4% CO2) = 25. Water vapor is 25 times more present in the atmosphere on average than CO2. Water vapor has an CO2e of 18, 18 X 25 = 450 CO2e total for water vapor to 1 CO2e for CO2.

The Earth’s oceans have 3-1/2 million sea floor volcanic vents warming the water and changing it’s chemistry that have not been systematically accounted for.

[drfahedqureshi]

7:47 9:15 I am a senior scientist working in the development of carbon capture and storage technology with top industries. For consultation in carbon-tech projects, energy transition, carbon trading, carbon credits, carbon offsets, data-based tech reports, and research-based media content, please feel free to reach out.

[MonkeyBusiness]

I WONDER IF THESE ARABES WILL BE PROTECTED BY THE WEST WHEN OIL IS NOT NEEDED