Looking Back on the Key Energy Themes of 2023

ARC ENERGY IDEAS

On this week’s podcast, Jackie and Peter review the final takeaways from COP28. Next, they discuss the key energy themes that shaped the past year. The 2023 top themes include:

1) Artificial intelligence (AI) becomes mainstream
2) Investors now understand the clean energy interest rate nexus
3) 2023 will be the hottest year on record
4) Affordability issues slow the uptake of clean energy technologies
5) Policy-driven energy transition led by the US Inflation Reduction Act (IRA)
6) Oil and gas markets shrug off geopolitical risk
7) Big year for Canadian policy development – some opportunity and some frustration
8) Canada has two CCS wins in 2023 – Air Liquide Net Zero Hydrogen/Imperial Renewable Fuels and Dow Chemical’s Zero Emissions Ethylene Cracker
9) IEA appears to switch into climate advocacy mode

Content referenced in this podcast:

· December 13, 2023 UN COP28 Global Stocktake
· December 6, 2023 CNN “2023 will officially be the hottest year on record, scientists report”
· December 15, 2023 The Hill “NOAA: Almost 100 percent chance 2023 will be the hottest year recorded”

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