Recorded 14th June - Part 2: This episode was so packed that we’re releasing it in two parts, so we don’t have to cut any of the good bits.

Here in Part 2, Lucy picks up the theme of state intervention in energy markets - looking at where governments are trying to shape, correct or accelerate the energy transition.

First up: the European Union’s plans to expand carbon pricing for extra-EU aviation.

The discussion covers:

• why most international aviation emissions are currently excluded from EU carbon pricing
• the history of the EU ETS, “stop the clock”, and the role of CORSIA
• how the EU is using both carbon pricing and RefuelEU Aviation to push airlines towards lower-carbon fuels
• why sustainable aviation fuel still faces major cost, scale and feedstock constraints
• the dif ...