As nations scramble to wean off of Russian energy, the U.S. has committed to supporting its European allies in their quest for energy security. At the same time, American consumers are confronting the highest rate of inflation in 40 years, paying more at the pump and for their utility bills than ever before.

These trends have led to an increase in U.S. oil and gas production — and calls for even greater market expansion. But this shift could have serious implications for the clean energy transition. On this episode of Political Climate, we wrestle with how to walk the fine line between meeting today’s immediate energy demands, maintaining lower prices for American consumers and achieving our climate goals.

This is the first episode in a monthly podcast series we’re calling “The Arsenal of Clean Energy: Strengthening the Bonds of Clean Energy, Innovation, and Sovereignty," featuring leading economists and energy policy experts Ellen Hughes-Cromwick of Third Way, Dana Peterson of The Conference Board, and Christy Goldfuss of the Center for American Progress.

“Arsenal of Clean Energy” is made possible by Third Way, a center-left think tank championing modern solutions to the most challenging problems in US policy, including the economy, national security and climate change. Learn more at thirdway.org

Recommended reading:

• Third Way: Making the US the World’s Arsenal of Clean Energy
• Politico: To Beat Putin, Europe Needs America’s Clean Energy
• Fact Sheet: President Biden Takes Bold Executive Action to Spur Domestic Clean Energy Manufacturing
• CNBC: Inflation rose 8.6% in May, highest since 1981