New research raises doubt around the climate benefits of the 45Q tax credit for carbon capture and storage for fossil fuel powerplants. --- The Inflation Reduction Act earmarks billions of dollars of incentives for carbon capture and storage from coal and gas-fired powerplants. Ideally, the incentive will provide a path for fossil generators to reduce their greenhouse gas emissions as the electric grid transitions to cleaner resources and to net zero. Yet recent research calls into question the ...
Dec 05, 2023•42 min•Season 8Ep. 7
Recent electric grid emergencies highlight the need for better communication, and coordination, between energy policymakers and grid operators. --- In early November the Federal Energy Regulatory Commission, or FERC, convened its annual technical conference on the reliability of the electric grid. In most years the conference attracts little attention beyond electricity industry insiders. But recently, and this year in particular, grid reliability has become a focus of national concern following...
Nov 21, 2023•37 min•Season 8Ep. 6
Brazilian economist and IPCC lead author Roberto Schaeffer examines what constitutes a “fair share” of emissions reductions under the Paris climate process, and how fairness is defined. -- This December, at COP 28 in Dubai, countries will consider the results of the first “global stocktake,” which is a global report card that compares real climate commitments and actions with the level that’s in fact needed to achieve global net zero and avoid the worst of climate outcomes. Following COP, countr...
Nov 07, 2023•37 min•Season 8Ep. 5
A metals industry executive explores the race to develop alternative supplies of critical minerals essential to the energy transition. --- For over a century the global energy system has been dominated by fossil fuels, and governments and industry have gone to great lengths to secure reliable supplies of oil, natural gas, and coal. All along, scarcity and competition over fossil resources has been fuel for geopolitical conflict, and a root cause of energy insecurity when access to resources appe...
Oct 24, 2023•37 min•Season 8Ep. 4
Ramón Méndez Galain, this year’s recipient of the Carnot Prize, reflects on leading Uruguay to a 98% renewable electricity mix, and what the rest of the world might take from his country’s experience. --- In 2008 Ramón Méndez Galain, a particle physicist with no experience in government, was appointed Director of Energy for Uruguay and proceeded to reimagine the country’s electricity grid. In less than a decade, Méndez’s energy transition plan succeeded in freeing the country’s power sector from...
Oct 10, 2023•38 min•Season 8Ep. 3
Climatologist Michael Mann discusses his new book on Earth’s climate past, with insights into our climate future. --- Renowned Penn climatologist Michael Mann’s latest book, “Our Fragile Moment,” explores the history of climate change and the lessons it can provide into the trajectory of climate change today. The book is Mann’s response to the phenomenon of “climate doomism” which, Mann writes, misrepresents the paleoclimate record to promote climate inaction. In the book, Mann seeks to set the ...
Sep 26, 2023•26 min•Season 8Ep. 2
A Penn economist explores the relationship between regional energy policy and oil company support for renewable power. --- In recent years there has been a divergence in the trajectories of the world’s major oil companies. The shift has been most noticeable in the case of the European oil majors, including companies such as BP and Shell, which during the past decade began to emphasize the importance of renewable energy to their futures, and subsequently built major wind and solar power businesse...
Sep 12, 2023•33 min•Season 8Ep. 1
Long-distance electric transmission lines are a critical to the energy transition, yet construction of new lines has come to a near standstill in the U.S. Rob Gramlich of Grid Strategies discusses recent market and regulatory action to resurrect transmission development. --- Electric transmission line mileage will need to triple by the middle of this century to make a net-zero carbon grid a reality, according to estimates cited by the U.S. Department of Energy. Yet new transmission development h...
Jul 25, 2023•40 min•Season 7Ep. 21
As COP 28 draws closer, climate negotiators race to finalize a financing structure to help countries that suffer climate change-related damages. --- In late November this year’s global climate conference, COP 28, will begin in Dubai. The headline issue at COP will be the global stock take, which is a country by country review of progress toward fulfilling emissions reduction pledges under the Paris Climate Agreement. Yet while much attention at COP will be focused on emissions reductions, a seco...
Jul 11, 2023•27 min•Season 7Ep. 20
California is set to present its strategic plan to scale an offshore wind power industry based on unconventional floating wind technology. --- In late June the California Energy Commission will submit its strategic plan for the development of offshore wind energy to the state’s legislature. The plan is the culmination of two years of efforts by California to jump start its offshore wind industry and help the state reach its goal of 100% carbon free electricity by the year 2045. Yet California’s ...
Jun 28, 2023•48 min•Season 7Ep. 20
Nick Rohleder, Energy Policy Now’s former editorial assistant and current climate entrepreneur, discusses the challenge of managing the investment risk inherent in emerging clean energy technologies. --- Last year, $1.1 trillion dollars were invested globally in carbon-free energy technologies and infrastructure. This volume of investment marked a significant milestone, as the first year in which money directed to clean energy equaled investment in the global oil and gas industry. Yet rising cle...
Jun 20, 2023•36 min•Season 7Ep. 19
A new report examines the economic and climate impacts of Pennsylvania joining the Regional Greenhouse Gas Initiative, now stalled in court. --- The Regional Greenhouse Gas Initiative, or RGGI, was the first major carbon market to be established in the United States. Since its inception in 2009, RGGI has contributed to a reduction in greenhouse gas emissions from the electricity sector in a market that now spans 11 eastern states. Yet RGGI has recently seen its expansion stalled in Pennsylvania,...
Jun 06, 2023•47 min•Season 7Ep. 18
A geographer explores the impact of location on worker opportunity and equity in the clean energy economy. --- The Inflation Reduction Act earmarks hundreds of billions of dollars for clean energy and the development of jobs in the clean energy supply chain, construction and operations. Critically, the law also acknowledges that the transition to clean energy presents a generational opportunity to address labor inequities that are rooted in race and gender, as well as the often overlooked elemen...
May 23, 2023•34 min•Season 7Ep. 16
Princeton University researchers have launched a global survey aimed at spotting and eliminating practical barriers to a net-zero carbon future. Description Much work needs to be done, very quickly, if if a net-zero carbon economy is to become reality by the middle of this century. Yet, the fact is that the current rate of investment in clean energy technology and today’s pace of clean infrastructure deployment lag well behind what will be needed to reach the mid-century goal, and limit climate ...
May 09, 2023•42 min•Season 7Ep. 15
PJM Interconnection is in a race to shore up electric grid reliability as the transition from fossil fuels to clean energy accelerates. --- In February PJM Interconnection, the largest wholesale electricity market in the US, published a report that points to the very real possibility that electricity supply in the market could fall short of the level needed for reliable grid operation in just five years. The potential shortfall is tied to the pace of the energy transition, in which fossil fuel g...
Apr 25, 2023•1 hr 9 min•Season 7Ep. 14
A senior climate diplomat discusses scientific, economic, and diplomatic barriers to rapid global decarbonization. --- In March the Intergovernmental Panel on Climate Change released the final volume of its Sixth Assessment report on progress toward addressing climate change. The findings of the report aren’t encouraging, and point to an acceleration of climate impacts and continued growth in fossil fuel use. Possibly the most candid assessment of the report’s findings came in a statement from t...
Apr 11, 2023•58 min•Season 7Ep. 13
New research examines the relationship between climate change-related events and returns on green investment, and why returns for green stocks might lag those of brown. --- At first look it would seem to make sense that, as climate concerns grow, green investments would outperform investments in dirty industries. To put this into an energy context, as policymakers require more renewable energy to be deployed, and as investors flock to companies with low climate impacts and risks, the value of th...
Mar 28, 2023•23 min•Season 7Ep. 12
New research looks into the coping mechanisms that families use to navigate energy insecurity, as a guide for policy-based solutions. --- The number of American households experiencing energy insecurity spiked during the COVID pandemic in 2020, as growing unemployment and falling incomes made it difficult for more households to balance utility bills with other financial demands. Yet the rising incidence of energy insecurity, and the often short-term focus of assistance to keep families financial...
Mar 14, 2023•27 min•Season 7Ep. 11
A working paper from WRI, the International Solar Alliance and Bloomberg Philanthropies examines the essential role of private finance in scaling solar power development. --- A recent working paper from the World Resources Institute, the International Solar Alliance and Bloomberg Philanthropies finds that $1 trillion must be invested into solar energy by 2030 if global warming is to be kept within the limits of the Paris Climate Agreement. Yet global investment in solar today is just half of wha...
Feb 28, 2023•32 min•Season 7Ep. 10
Judy Chang, former Massachusetts undersecretary of Energy and Climate Solutions, discusses the need to educate consumers on the imperative to cut building emissions. --- Residential and commercial buildings account for nearly a third of climate warming greenhouse gas emissions in the United States. Yet efforts to reduce the climate footprint of buildings have become political lightning rods. Local regulations requiring new homes to be fully electrified often encounter fierce pushback, while at l...
Feb 14, 2023•40 min•Season 7Ep. 9
Daniel Poneman, former U.S. Deputy Energy Secretary and current CEO of Centrus Energy, explores resurgent interest in nuclear power a decade after Fukushima. --- Growing concern over energy security and climate change has revived interest in nuclear power in some of the world’s most energy-intensive economies. In Japan, nuclear generators that closed following the 2011 Fukushima disaster are reopening, while Germany has extended the operating life of the country’s remaining nuclear facilities. A...
Jan 31, 2023•46 min•Season 7Ep. 8
Scott Moore, author of China’s Next Act , discusses China’s global role in energy technology and sustainability. --- China is indispensable in the global effort to address climate change and speed forward the transition to clean energy. Yet the country, which leads the world in both energy consumption and the manufacture of clean energy technologies, finds itself engaged in increasingly tense diplomatic and economic relations with the world’s developed economies, its key partners in addressing s...
Jan 17, 2023•41 min•Season 7Ep. 7
Berkeley economist Meredith Fowlie explains why the drive to electrify everything in American homes is at odds with electricity rate setting practices, and explores pricing reforms to deliver rapid and equitable electrification. --- “Electrify everything” has become a mantra of decarbonization, and it’s one of the key strategies to reducing reliance on fossil fuels. Yet the process of electrifying everything from home heating to transportation creates challenges for the electricity system, which...
Dec 13, 2022•29 min•Season 7Ep. 6
As energy industry growth shifts to the clean sector, oil and gas industry workers seek their paths forward. --- The past three years have been a particularly volatile period for the oil and gas industry. The sector has been impacted by the Covid pandemic, during which energy demand crashed and the price of oil contracts briefly went negative. More recently, oil and gas prices reached peaks in response to the war in Ukraine and the tightening of energy supply. In addition to this volatility, gro...
Dec 06, 2022•37 min•Season 7Ep. 5
Andrew Hoffman, dean of Penn’s School of Veterinary Medicine, explores the intersection of climate change, agricultural sustainability, and food security. --- Experts from the University of Pennsylvania are on the ground at COP27 in Sharm El-Sheikh, Egypt. In this special series from Energy Policy Now, they share their observations from the global climate conference and insights into key issues under negotiation. Andrew Hoffman, dean of Penn’s School of Veterinary Medicine, discusses COP27’s foc...
Nov 19, 2022•24 min
COP27 in Sharm El-Sheikh, Egypt has been called the “implementation COP”. Yet concern exists that the COP process may be ill suited to putting climate plans into action. --- Experts from the University of Pennsylvania are on the ground at COP27 in Sharm El-Sheikh, Egypt. In this special series from Energy Policy Now, they share their observations from the global climate conference and insights into key issues under negotiation. Koko Warner, manager of the UNFCCC’s Vulnerability subdivision, expl...
Nov 18, 2022•21 min
Food waste is a major driver of climate change, and a cause of food insecurity. UPenn’s Steven Finn highlights the challenge and solutions discussed at COP27. --- Experts from the University of Pennsylvania are on the ground at COP27 in Sharm El-Sheikh, Egypt. In this special series from Energy Policy Now, they share observations from the global climate conference and insights into key issues under negotiation. Steven Finn, affiliated faculty in Penn’s Organizational Dynamics program, discusses ...
Nov 17, 2022•23 min
Scott Moore, Director of the Penn Global China Program, discusses China’s perspective on loss and damage finance, and the country’s future role in the Paris climate process. --- Experts from the University of Pennsylvania are on the ground at COP27 in Sharm El-Sheikh, Egypt. In this special series from Energy Policy Now, they share observations from the global climate conference and insights into key issues under negotiation. Scott Moore, Director of the Penn Global China Program, discusses Chin...
Nov 16, 2022•16 min
Three experts on cities discuss the efforts of urban communities to navigate climate change. --- Experts from the University of Pennsylvania are on the ground at COP27 in Sharm El-Sheikh, Egypt. In this special series from Energy Policy Now, they share their observations from the global climate conference and insights into key issues under negotiation. Eugenie Birch, Bill Burke-White, and Mauricio Rodas of the University of Pennsylvania explore the challenges that climate change, and effects ran...
Nov 15, 2022•20 min
New research explores ways to measure countries' success in adapting to climate change. --- Experts from the University of Pennsylvania are on the ground at COP27 in Sharm El-Sheikh, Egypt. In this special series from Energy Policy Now, they share their observations from the global climate conference and insights into key issues under negotiation. Allison Lassiter of the University of Pennsylvania’s Weitzman School of Design discusses the role of National Adaptation Plans (NAPs) in the Paris Cli...
Nov 14, 2022•14 min
