renewable energy transition

Apple’s revenue fell 4 per cent in the first three months of 2024, Japan apparently intervened several times this week to support the yen, and US regulators have accused the former boss of the largest US shale oil producer of trying to collude with the Opec cartel. Plus, Europe solved its Russian gas problems in the short term, but created long-term problems.

Mentioned in this podcast:

Apple’s revenue weighed down by falling China sales

Japanese government spent $35bn to prop up yen, BoJ figures suggest

Japan is haunted by a return to emerging-economy status

FTC accuses ex-Pioneer boss of seeking to collude with Opec

 How Europe solved its Russian gas problem

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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TED Climate will be back soon -- in the meantime here is an episode of another podcast we thought you'd enjoy.

This is the first episode of a five-part series exploring the European energy crisis in the wake of Russia’s invasion of Ukraine. In this season, we ask the trillion dollar question: Will this crisis speed or slow down the energy transition in Europe? And what does that mean for the rest of the world?

Unpacking the history behind Europe’s dependence on Russian energy

Putin’s assault on Ukraine triggered an energy crisis that sent Europe’s economies into a tailspin and put the European energy transition to the test. But how did the European Union, a leader in climate action, become so dependent on Russian oil and gas to begin with?

This season, we look at the energy systems of Germany and Poland. Both have very different energy systems, but both became dependent on Russian energy for heating homes, firing power plants, and fueling businesses.

In this episode, we look at the immediate impact of the Ukraine invasion on that dependency and the historical influences behind it– from Germany’s pursuit of natural gas to Poland’s centuries-long relationship with coal.

Then we ask whether Europe’s initial response to the crisis– leaning more heavily on fossil fuels– will accelerate or slow down Europe’s push toward green energy.

If you like The Big Switch, you can listen wherever you get your podcasts.

Jigar Shah is the director of the loan office at the Department of Energy. For years, this division has had a modest amount of money, which it used to provide financing to promising projects in energy technology. With the passage of the Inflation Reduction Act, the loan office now has hundreds of billions of dollars at its disposal in order to build up US energy supply and accelerate the shift to renewables. We talked Jigar about how he plans to scale up his office and deploy that money in a productive way. Recorded on September 7th, 2022.

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