Modelling the energy transition in oil and gas markets taking into account market power

This project aims to improve how we model and understand the global oil and gas market in the context of climate change. It combines detailed data from over 40,000 oil and gas assets worldwide with recent theoretical advances in understanding how market structures interact with climate policies. A key focus is on the role of market power — how the strategic behavior of major producers can influence the outcomes of climate action. The resulting simulation tool will help analyze how producers respond to environmental regulations and will make it possible to explore the redistributive impacts and potential adverse effects of different climate policy scenarios. This collaboration between McGill University and French research institutions such as the Paris School of Economics will strengthen expertise at both ends and support more effective and equitable climate decision-making, particularly in Canada.

Faculty Supervisor:

Hassan Benchekroun

Student:

Partner:

École d'économie de Paris

Discipline:

Sociology

Sector:

Sustainability & the Environment; Oil and Gas; Natural Resources

University:

McGill University

Program: