OnLocation was asked by the Natural Resources Defense Council (NRDC) to examine the impact of stopping new offshore oil and gas leasing in the Gulf of Mexico (GOM) after January 2021, while continuing all leases prior to January 2021. The analysis assumed that the remainder of onshore production continued to be developed per “current laws and regulations.” Read the report here.
It will be impossible for the United States and other countries to achieve net-zero greenhouse gas emissions without improved and new clean energy sources. Hydrogen, which has been discussed for decades as a potential cornerstone technology, is thought by many to be critically important. Hydrogen is a clean burning fuel; can be manufactured from and used to produce low and zero-carbon energy; and is more suitable for use in certain carbon-intensive industrial applications than electrification.
On March 3, the Bipartisan Policy Center hosted the announced release of the U.S. Energy Information Administration’s Annual Energy Outlook (AEO) 2022. This much-anticipated report describes EIA’s unbiased view of energy markets reflected in several core scenarios performed using the National Energy Modeling System (NEMS), a complex energy model of U.S. supply and demand created and maintained by EIA. The core scenarios include a reference case and several alternative scenarios that provide insights into potential changes in energy markets resulting from a range of assumptions about future oil prices, oil and natural gas resources, macroeconomic levels, and renewable costs. The reference case this year also includes the potential effects of select provisions from the recently passed Infrastructure Investment and Jobs Act (IIJA) including the Civil Nuclear Credit Program, the Strategic Petroleum Reserve drawdown and sales, and overall increased government spending related to the Act.
Now is the time for modelers to reassess how nuclear technologies are represented in energy system models. That is the conclusion of a new OnLocation paper written for the Nuclear Innovation Alliance. This paper examines the many ways that nuclear energy, including advanced nuclear reactors, can play a significant role in meeting climate mitigation goals and makes a case for energy modelers to consider incorporating characteristics and applications for advanced reactors into their energy economic models.
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