Oxford Energy Podcast – Reflections on COP26

In this latest edition of the OIES podcast series David Ledesma and James Henderson reflect on the outcomes of COP26 from an energy sector perspective. They review the main goals of the COP and discuss the conclusions of both the formal UNFCCC process as well as a number of initiatives that were developed by the UK presidency. In particular they look at the future of coal as a result of various agreements reached in Glasgow and also consider the roles of China and India in the negotiations on this issue. They also summarise they important announcements on the global methane pledge and the final agreement on Article 6, which creates the rulebook for international carbon markets. Finally, they consider the impact of COP26 on the oil and gas sectors, and ask whether abated hydrocarbons can have a role in the future energy mix given the discussions on CCUS and hydrogen in Glasgow.