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Insider Q&A-Climate Optimist
(AP Illustration/Jenni Sohn)

A top energy strategist is optimistic about climate change. And he has the data to back that up.

.When it comes to energy, Jarand Rystad is the numbers guy. The former McKinsey & Company partner founded Oslo-based Rystad Energy, an independent research and energy intelligence company that sells data and analysis on oil, gas, coal and renewable forms of energy.A physicist by training, Rystad is an optimist about the chance of containing climate change through introducing new technologies. He brings numbers to back up his views, based on the company’s extensive databases.

By DAVID McHUGH
Published - Oct 07, 2024, 06:03 AM ET
Last Updated - Oct 07, 2024, 06:03 AM EDT

FRANKFURT, Germany (AP) — When it comes to energy, Jarand Rystad is the numbers guy. The former McKinsey & Company partner founded Oslo-based Rystad Energy, an independent research and energy intelligence company that sells data and analysis on oil, gas, coal and renewable forms of energy.

A physicist by training, Rystad is an optimist about the chance of containing climate change through introducing new technologies. He brings numbers to back up his views, based on the company's extensive databases.

Q: When are we going to see peak oil consumption, peak fossil fuel consumption?

A: I think peak coal is very soon. It could even be this year or next year. We are close to peak thermal in China, most likely this year or next, meaning coal and gas electricity generation. China is half of the coal market, so it’s very relevant.

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