Energy Gang

Live from COP29: One weird trick to solve our energy problem

36 snips
Nov 21, 2024
In the spotlight are Vijay Vaitheeswaran, Global Energy and Climate Innovation Editor at The Economist; Zach Friedman, Senior Director of Federal Policy at Ceres; and Jon Creyts, CEO of RMI. They dive into the vital role of energy efficiency in the energy transition. The trio discusses how changes in U.S. energy policy, particularly under a second Trump administration, could shape sustainability efforts. They also consider innovative solutions like carbon tariffs, the significance of permitting reforms, and the collaboration needed to foster clean energy advancements.
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INSIGHT

Trump's Energy Policy Impact

  • US energy policy under Trump may see negative climate impacts, like withdrawing from the Paris Agreement.
  • However, domestic energy trends, including clean energy growth in states like Texas, are likely to continue due to market forces.
INSIGHT

Methane Fee and Industry Politics

  • The methane fee in the Inflation Reduction Act (IRA) signals a shift towards externality pricing.
  • This precedent worries some in the oil and gas industry, particularly smaller, "dirtier" independent producers who support Trump.
INSIGHT

Business Support for Climate Action

  • Many US businesses, including ExxonMobil, advocate for continued US participation in the Paris Agreement and upholding the IRA.
  • They emphasize the economic benefits of these policies, including boosting US manufacturing and competitiveness.
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