Green Careers: What are the Opportunities? When and Where?
Green Careers Week was held between 7th and 12th November 2022. Peter provided an overview of green jobs in the UK energy sector as well as some specific opportunities in the fields of heating and transport.
This inaugural event was supported by prestigious partners from around the UK, including the Royal Society and the Met Office. The goal of the event was to raise awareness among teachers and young people of career opportunities that will result from the emerging technologies that are being driven by the Energy Transition.
Young people are passionate about taking action on climate change; surveys suggest that nearly two-thirds of them are ‘worried’ or ‘extremely worried’ about the climate crisis. The conference organizers want to highlight the amazing career pathways they can follow for a sustainable future.
Founder, Resource Economist
Peter worked for more than 30 years as an energy and commodities analyst, before becoming a work and careers coach. He has served on the Managing Council of the British Institute of Energy Economics, and has written widely about the challenges facing the energy workforce.
We interviewed Mike Burns at CTEC Energy in Newhaven Port. The gasifier project converts plastics and biomass into electricity and heat with significantly lower emissions than a traditional incinerator.
The latest Energy Journal from the International Association of Energy Economics has landed on my doormat with a loud thud. The latest issue is 312 pages long.
In Volume 41, Number 6, I was struck by the paper Are Energy Executives Rewarded For Luck? by Lucas Davis and Catherine Hausman, which looks at executive compensation data from 78 major US oil and gas companies over nearly a quarter of a century. The short answer seems to be “yes” : the paper finds that executive compensation rises with increasing oil prices more than it falls with decreasing oil prices. The paper concludes with a discussion of different executive compensation mechanisms that could be adopted, drawn from the wider literature.
The other paper that grabbed my attention was that on Locational Investment Signals by Anselm Eicke, Tarun Khanna and Lion Hirth. The paper looks at the locational factors affecting investment in power systems. The scope is wide, with analyses from Australia, Chile, France, Germany, India, Mexico, Norway, Sweden, UK and the USA. I haven’t read this piece in depth yet, but I feel that locational factors are underestimated in the literature, so i am looking forward to reviewing this in more detail.
There is plenty of other good material in the latest issue. Yes, I do still get it by post, but that’s the way I like to read things. For those who want the latest edition online, you can click on the link below (only available for IAEE members).
The BIEE’s Oxford Conference is a biennial research conference that seeks to understand the drivers of change in energy, both positive and negative. The conference is aimed at energy analysts, researchers, strategy and policy thinkers from all backgrounds, including industry, academia and research organisations, government, the finance community, NGOs and consultancies. BIEE conferences are renowned for the quality of their speakers, for their open, productive discussion and debate and for the diverse range of participants. It is the mix of people and perspectives that makes this conference distinctive.
‘The conference is a fantastic opportunity and melting pot for people in the energy industry, from government from academia from other research organisations. One of the real advantages and one of the special features of the BIEE conference is it’s a place where all of those energy interested people come together. They learn from each other they spark off each other and they build new networks and new coalitions to help drive the energy sector forward.’
Professor Matthew Leach
This research conference will focus on building the foundations and policies of the low carbon transition aimed at achieving a net zero carbon society in a way that is fair and just. It will address how we live, work and travel, and how policy, infrastructure and the private sector can respond to enable the transformation of heat, transport and industry.
Now we have all been impacted by Covid-19, it is clear that how we recover from this public health crisis will reshape how we tackle the climate change crisis. In the immediate term, there has been a sharp fall in economic activity and emissions. But the long-term impact depends on how low-carbon investments are affected, and whether opportunities are taken to reinforce some of the (positive, for the environment) behaviour changes that have been observed in lock-down (such as increased remote working and cycling) or to tackle some of the potentially negative impacts (reduced use of public transport).
The conference will consider how the transition has been impacted by the COVID-19 pandemic, how economic recovery plans might accelerate the transition, and if governments are backing up the rhetoric in delivering plans for a green recovery. It will look at international perspectives and what can be learnt from the experiences of other countries and market sectors.
The conference was originally scheduled for 24th September 2019 but was postponed due to the Covid-19 epidemic and the need for social distancing. The conference will now be taking place seven months before the important UN Climate Change Conference, COP26, which is being held in Glasgow in November 2021.
It will also follow the publication of the CCC’s Sixth Carbon Budget in December 2020 which will set the path to the UK’s new net-zero emissions target in 2050, as the first carbon budget to be set into law following that commitment.
Over the course of the year, to demonstrate that it is serious about net-zero, the Government will need to commit to this pathway and firm up its policy plans. The Government will be considering how to achieve the societal transformation required for net-zero which is precisely the focus of the BIEE conference.
For further information please click on the link below:
The 3-day course Crude Oil Valuation and Pricing explains how oil refiners select the crude oils to use in their systems from among the 600 plus crude oil streams that are available globally. Beginning with a review of the chemistry of crude oil, and explaining the various quality parameters of different types of crude oil, this course provides a framework for understanding how refiners evaluate different grades of oil within their overall refining slate. The course goes on to explain the different systems currently used for pricing oil around the world, including the operation of the main benchmark grades of Brent (BFOET), Oman/Dubai and WTI crude.
The 3-day course Crude Oil Valuation and Pricing explains how oil refiners select the crude oils to use in their systems from among the 600 plus crude oil streams that are available globally. Beginning with a review of the chemistry of crude oil, and explaining the various quality parameters of different types of crude oil, this course provides a framework for understanding how refiners evaluate different grades of oil within their overall refining slate. The course goes on to explain the different systems currently used for pricing oil around the world, including the operation of the main benchmark grades of Brent (BFOE), Oman/Dubai and WTI crude.
Who should attend?
This course will appeal to producers of crude oil, in particular those seeking to market new grades of oil; market analysts and economists evaluating the different grades of oil available in the market; bankers and investment analysts financing the development of new streams of crude oil; lawyers and accounts involved in the valuation of crude oils; marketers of crude oils; refiners looking to diversify their crude slates.
The crude oil valuation and pricing course aims to provide attendees with a full understanding of the key crude oil qualities; how these affect refining values; refiners’ approach to selecting crude oils; basic calculation tools such as GPW and refining margin; the use of LP models; use of pricing benchmarks and differentials; assessment methodologies of Platts, Argus and their competitors; use of futures contracts; and basic risk management tools.