Show Notes
Around the world, the price of diesel is at or near all-time highs, with major implications for shipping, agriculture and the broader economy. In this episode, we speak with IEA experts David Martin and Talya Vatman who explain why diesel prices have risen more sharply than those of gasoline and crude oil – taking stock of the impacts from the war in the Middle East, Ukraine’s attacks on Russian refineries, and limited capacity across the refining sector globally. They also discuss how the situation could evolve in the coming months.
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Since the start of the Iran war in February, energy exports from Middle East countries through the Strait of Hormuz and via other routes have become the focus of intense global attention, with significant implications for the world economy and especially for Middle East countries themselves.
Since the mid-20th century, scientists and engineers around the world have been working to harness the potential of fusion energy. Driven by the knowledge that success could revolutionise the energy system, they have pursued fusion’s tantalising potential to provide abundant around-the-clock electricity with minimal fuel inputs, no direct emissions and very little radioactive waste.
Invented at the turn of the 20th century to control humidity at a New York printing plant, the air conditioner has reshaped the economies and societies that have had access to it. Today, more than 1.5 billion AC units are in use around the world – and as incomes and temperatures rise, demand continues to grow rapidly.
Technological advances in drilling have had a profound impact on our economies and societies, delivering access to vast energy resources underground. The first commercial oil well in 1859 paved the way for the modern oil industry, and more recent breakthroughs have repeatedly reshaped global energy dynamics.
Today, solar PV is the fastest-growing energy source in the world. Yet that would not have been possible without a history of innovation spanning decades. From the breakthrough discovery of a practical silicon solar cell at a US phone company in the 1950s to the rapid scaling up of solar panel manufacturing in China in the 2000s, these advances – along with supportive policies – have made solar energy cost competitive globally. And innovation could now reshape the sector once again, helping address emerging challenges such as grid integration and supply chain concentration. This episode is the first in a three-part miniseries on energy innovation stories that changed the world. It is hosted by Dan Hewitt and produced by Dan Hewitt and Julia Horowitz. Guests include IEA energy technology analyst Simon Bennett; Sekisui Chemical Co. group leader Takeru Bessho; Qcells Global Chief Technology Officer Danielle Merfeld; and Greg Nemet, professor at the University of Wisconsin-Madison and author of the book “How Solar Energy Became Cheap.”