Galvanize Climate Solutions Co-Executive Chair/Co-Founder Tom Steyer Talks Clean Energy
Nov 12, 2024
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Tom Steyer, Co-founder of Galvanize Climate Solutions and former presidential candidate, shares his insights on clean energy and its economic advantages. He discusses the potential repercussions of former President Trump's administration on environmental policies and energy investment. The conversation also highlights the rapid transition to renewable energy and market dynamics, touching on the implications for the U.S. economy and the challenges presented by AI's increasing energy demands.
Tom Steyer emphasizes that the economic benefits and price drops in clean energy technologies are essential for driving the ongoing energy transition in the U.S.
Despite political challenges, the accelerating global demand for renewable energy technologies signals a robust market resilience towards sustainable energy solutions.
Deep dives
Instagram's Teen Accounts for Safer Online Experiences
The introduction of teen accounts on Instagram aims to create safer online interactions for adolescents. Automatic protections will limit who can contact teens and the content they can view, enhancing parental peace of mind. This feature responds to the growing concerns parents have regarding their children's safety online. By implementing these measures, Instagram seeks to foster a more secure environment while encouraging responsible social media use among teens.
The Shift Towards Renewable Energy
The ongoing energy transition is being driven by economic factors, including significantly decreased solar prices and increased sales of renewable energy technologies. Over the last four years, solar prices have dropped by 60%, leading to a fourfold rise in sales, illustrating a global shift toward affordable clean energy. Despite potential regulatory setbacks, the demand for renewables is growing rapidly, particularly in countries like China, where electric vehicle sales have soared. This indicates a robust clean energy market that remains resilient, regardless of political fluctuations in the U.S.
Impact of U.S. Policy on Global Energy Markets
Despite regulatory changes expected under a new administration, the reality is that the global market is driving the transition to renewable energy. The U.S., while a leading oil and gas producer, is experiencing stagnant markets compared to the burgeoning growth in renewables. Economic incentives, such as the Inflation Reduction Act, are seen as critical for leveling the playing field for clean energy companies. Ultimately, American businesses must adapt and invest in renewable technologies to maintain leadership in the energy transition, driven by the principles of being cheaper, faster, and better.
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Navigating Teen Safety Online and the Future of Energy Transition
Tom Steyer, co-founder at Galvanize Climate Solutions discusses President-elect Donald Trump’s potential impact on energy production and investment and the business and economic benefits of clean energy in the US. He is joined by Bloomberg's Annmarie Hordern, Dani Burger, and Manus Cranny.