On March 13, School of Economics and Management held a lecture on the theme of “Energy Transformation and Its Impact on the Petroleum Industry” with the keynote speaker Mu Xiaoyi, a professor of Energy Law and Policy Center of the University of Dundee in the UK and the head of the Energy Economics and Management Program.
He introduced his personal background and experience, and explained that his research fields are mainly about the impact of oil and gas commodity prices, fiscal and tax policies on enterprise investment behavior, the reform and planning of power market and the foreign investment of Chinese petroleum enterprises. Through the analysis of the share chart of major energy resources in different stages, it explains that energy transformation is the transition process from traditional energy to renewable energy. According to the comparison chart of energy outlook of different international organizations and the comparison chart of carbon dioxide emission forecast, it highlights the need for energy transformation in developing countries and puts forward the impact of energy transformation on the decline of oil demand. He concluded that the energy revolution is determined by technology and economy and influenced by policies to tackle climate change. The decline in coal demand and the use of coal will also be affected by CCUS technology, which indicates that the demand for oil cannot continue to decline, the demand for natural gas may rise under the influence of the market and the rapid rise of renewable energy.
This lecture made students understand the use of petroleum and natural gas in various countries, understand the current situation of petroleum products and natural gas sales in China, and clearly analyze the reform direction of petroleum industry, which helped to deepen their understanding of energy transformation and cultivate their energy economic thinking.
(Edited by Lu Ji, Xiaoyuan Fan)
