Energy Policy Now offers clear talk on the policy issues that define our relationship to energy and its impact on society and the environment. The series is produced by the Kleinman Center for Energy Policy at the University of Pennsylvania and hosted by energy journalist Andy Stone. Join Andy in conversation with leaders from industry, government, and academia as they shed light on today's pressing energy policy debates.
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The Trump Administration has framed regulation as a drag on the economy and jobs. Yet how much do we really understand about the true benefits and costs of protecting the environment? Two legal and regulatory experts weigh in. --- Early in his administration, President Trump vowed to focus on rolling back regulatory oversight of the energy industry and to lift the regulatory burden on business. Conspicuously absent from two of Trump’s early executive orders targeting environmental oversight, how...
Recent financial bailouts of nuclear reactors in New York and Illinois highlight the conflict between states’ environmental goals and the integrity of electricity markets. As more states weigh subsidies, debate over their market impact and legality expand. --- In 2016 New York and Illinois became the first states to provide direct subsidies to the nuclear power industry, with the goal of keeping economically uncompetitive reactors operating within their borders. The states deemed the nuclear pla...
The risk models that policymakers, insurers and communities rely on to predict the nature and frequency of weather-related disasters are becoming less reliable as climate change advances. A Wharton School climate risk expert examines how we might adequately, and equitably, prepare for future disasters. --- In 2012 Hurricane Sandy caused over $70 billion in damage along the U.S. Atlantic coast, leaving communities in desperate financial condition and pushing the National Flood Insurance Program, ...
How much should countries spend today to avoid climate change impacts that may be far into the future? A renown economist discusses the emerging discipline of climate economics and explores means of efficiently putting mitigation funds to work. --- How much will global warming cost future generations, and how much should we pay today to avoid the damage a warming climate will cause? Economist Per Krusell, a visiting scholar at the Kleinman Center for Energy Policy and member of the Nobel Prize f...
Carbon Capture and Storage has the potential to dramatically reduce the carbon emissions from the burning of coal. Yet the technology’s boosters need to overcome high costs, and major infrastructure challenges, if they’re to make a dent in emissions. --- Carbon capture and storage offers the promise of slashing carbon emissions from coal-fired power plants, and has been touted by some in the electricity industry as part of a basket of “clean coal” technologies that will dramatically reduce the f...
Fossil fuel tax breaks cost the U.S. $4 billion per year. A former Treasury Department Environment and Energy official looks at whether that’s money well spent. --- The U.S. fossil fuel industry benefits from $4 billion a year in government subsidies, most in the form of tax breaks. But over the past decade debate over the need for subsidies has intensified. The energy industry argues that these subsidies promote the development of domestic energy and support oil and gas jobs. Opponents say ther...
A senior member of the U.S. State Department’s 2015 Paris climate negotiating team explores the implications of a Trump administration pullback from the agreement. --- The Trump administration has offered conflicting messages around its intention to honor U.S. commitments under the 2015 Paris Climate Accord. Still in the early days of his presidency, President Trump has launched a range of efforts to roll back domestic climate protections, most notably his recent executive order to withdraw supp...
The Trump administration is leveraging an array of legal and political tools to roll back environmental protections. A U. Penn environmental law expert takes a look a Trump’s strategy, pitfalls that await, and the potential for protections to endure. -- The Trump administration is doing its best to fulfill its campaign promise to reduce environmental protections related to the energy industry and wider economy. Rollback efforts are taking place through a variety of means, including the issuance ...
Distributed energy technologies like rooftop solar are eating away at electric utilities’ business. Can utilities adapt, and at what cost to consumers? -- Rooftop solar attracts homeowners with the promise of electricity savings and environmental benefits. Yet every kilowatt hour of electricity generated at home translates into an equivalent amount of electricity no longer sold by a traditional electric utility. As utilities face the prospect of flat and even declining electricity revenue, conce...
Carbon taxation and carbon cap and trade have been implemented with varied success as greenhouse gas reduction strategies in recent years. Carbon taxes have gone into effect, seemingly counterintuitively, where the energy industry looms large. And cap and trade programs have operated broadly across Europe, and regionally in parts of the U.S. Energy Policy Now guest Jim Hines, Professor of economics and law at the University of Michigan, provides insight into the workings of cap and trade and car...
In 2016 the first shipment of U.S. liquefied natural gas left by tanker from a terminal on the Gulf coast. In the year since, U.S. LNG has made its way to customers around the globe, increasing competition in the gas market and threatening to loosen the grip of some suppliers on captive markets. Guest Anna Mikulska, Senior Fellow at the Kleinman Center for Energy Policy, talks about the globalization of the natural gas market, the competitiveness of U.S. exports and their implications for relati...
n January 2017 Canada’s oil-rich province of Alberta took the unprecedented step of instituting a carbon tax. Combined with a cap on greenhouse emissions from the Oil Sands, the bulk of the province’s economy is now party to one of the most encompassing efforts to date in North America to address global warming. Alberta’s senior diplomatic representative to the United States, Gitane De Silva, talks about the province’s climate goals and the process by which Albertan industry, environmentalists a...
New energy storage technologies are increasingly connecting to the electric grid, but it’s not clear that current rules in electricity markets are designed to help storage and new distributed energy resources (DER) participate as fully as other generation. The federal government’s electricity market regulator, FERC, has issued a notice with proposed rules that could create new opportunities for deployment and investment but also raise questions for stakeholders to address. See omnystudio.com/lis...
The airline industry accounts for two percent of global carbon emissions, and emissions are likely to increase as the popularity of air travel rises. Policymakers are increasingly working with airlines to find ways to limit emissions growth. But the diverse, global industry is difficult to regulate, and competitiveness issues abound. Megan Ryerson, professor of transportation at the University of Pennsylvania and an expert in environmental impacts of the air transportation system, provides insig...
In recent years cyber attacks have targeted sensitive data of multinational oil companies, downed one country’s power grid and sabotaged another’s nuclear weapons program. Despite growing risks to domestic infrastructure, U.S. energy and electricity sectors remain ill-prepared to defend themselves against cyber threats. Bill Hederman, former senior advisor to the U.S. secretary of energy and a senior fellow at the Kleinman Center, discusses cybersecurity and the roles of industry and government ...
Explosive development of shale resources has breathed new economic life into communities across the United States, current low gas prices notwithstanding. But how might individual states balance fossil energy-driven economic development with environmental protection? Former Pennsylvania DEP Secretary and coal-town Mayor John Quigley discusses his state’s political juggling of energy and environmental concerns, and the prospects for environmental progress should policymakers roll back fossil fuel...
John Hangar and Christina Simeone discuss their report on 20 years of electricity competition in Pennsylvania. They detail how competitive markets led to lower wholesale prices, reduced emissions, and increased reliability, largely due to natural gas. While commercial customers saw savings, residential customers on default service also benefited significantly. The discussion also covers critical future policy choices, including the fate of default service and the distribution monopoly, alongside the ongoing push for re-regulation by some generators struggling against market competition.
