SmarterMarkets™ Catching Up On Climate Episode 5 | Dave Ernsberger & Mark Eramo, Co-Presidents, S&P Global Commodity Insights
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Oct 4, 2025 Dave Ernsberger and Mark Eramo, Co-Presidents of S&P Global Commodity Insights, share their insights on climate policy post-New York Climate Week. They discuss the shift towards a business-focused approach to climate action, emphasizing investment returns and capital discipline. Mark highlights the U.S. administration’s pragmatic stance on energy dominance, while Dave sheds light on global players like China and India in energy transitions. They explore how competition drives innovation and the ongoing commitment of companies to sustainability despite geopolitical shifts.
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Climate Week's Practical Pivot
- Climate Week highlighted a shift toward capital discipline and ROI over government-led support.
- Efficiency and clearer carbon accounting standards dominated practical business conversations.
Clarity Trumps Tone
- Policy clarity from the U.S. administration matters to markets even if the tone is contested.
- Actions like DOE suspending projects reinforced that clarity and shaped investor expectations.
Enable Market-Led Energy Choices
- Let markets and technologies, not policymakers, pick winners by enabling all energy options.
- Focus policy on pragmatic support like permitting to let capital flow to viable projects.
