For the month of August, we’re highlighting episodes from the 2023-2024 season of Energy Policy Now. We’ll be back with new content, and a new season, on September the 10th. Senator Sheldon Whitehouse discusses the prospects for bipartisan U.S. carbon border fee legislation, and the need to protect the Biden administration’s clean energy and climate achievements. --- (This episode was recorded on March 15, 2024, during Penn Energy Week) Senator Sheldon Whitehouse has a reputation as an advocate for strong climate policies in Congress. The Rhode Island Democrat gained national attention over a decade ago when he gave the first of more than 290 “Time to Wake Up” climate speeches to date on the floor of the U.S. Senate. Many of the speeches were delivered at times when the prospects were bleak for significant leadership from Washington on climate and clean energy issues. Yet the past three years have been very different. Through the passage of the Bipartisan Infrastructure Law and, most pointedly, the Inflation Reduction Act, Congress has made concrete steps to grow domestic clean energy and improve the nation’s climate resilience. Recently, Senator Whitehouse reintroduced a bill that would levy the first carbon border fee on goods imported to the U.S., and effectively reward American industry for its leadership in energy efficiency and emissions reductions. On the podcast, Whitehouse discusses his plan for a carbon border adjustment. He also considers an upcoming election that will prove critical for continued progress, and that could jeopardize the full realization of recently passed energy and climate laws and the fate of the Biden administration’s related regulatory accomplishments. Related Content The Key to Electric Grid Reliability: Modernizing Governance https://kleinmanenergy.upenn.edu/research/publications/the-key-to-electric-grid-reliability-modernizing-governance/ Advancing the Social License for Carbon Management in Achieving Net-Zero GHG Emissions https://kleinmanenergy.upenn.edu/research/publications/advancing-the-social-license-for-carbon-management-in-achieving-net-zero-ghg-emissions/ Coordinated Policy and Targeted Investment for an Orderly and Reliable Energy Transition https://kleinmanenergy.upenn.edu/research/publications/coordinated-policy-and-targeted-investment-for-an-orderly-and-reliable-energy-transition/   Energy Policy Now is produced by The Kleinman Center for Energy Policy at the University of Pennsylvania. For all things energy policy, visit kleinmanenergy.upenn.eduSee omnystudio.com/listener for privacy information.

Scott Moore, a Practice Professor at the University of Pennsylvania, and Craig Martin, a law professor specializing in international law, dive into the geopolitical risks surrounding solar geoengineering. They discuss how this technology could initiate international conflict due to the uneven distribution of risks and benefits. The need for a strong governance framework to mitigate tensions is emphasized, as is the potential for unilateral actions that might lead to military issues. Their insights paint a complex picture of a technology that could significantly impact global politics.

Kleinman Center senior fellow Danny Cullenward examines the integrity, effectiveness, and climate impact of voluntary carbon markets. --- Last year, an investigation by the Guardian and Corporate Accountability found that most of the world’s largest carbon dioxide offset projects failed to deliver promised climate benefits. The report is among several questioning the integrity and effectiveness of voluntary carbon offset programs in achieving net-zero emissions and stabilizing global temperatures. In 2023, voluntary offset programs attracted nearly $2 billion from companies aiming to offset emissions from factory operations to air travel. However, the outcome has been a crisis of confidence in these programs. On this podcast, Danny Cullenward, a senior fellow with the Kleinman Center for Energy Policy, explores the integrity challenges facing voluntary offset markets and their true climate impact. He also examines why governments hesitate to regulate these markets and discusses the role voluntary offsets can and should play in global climate efforts. Danny Cullenward is a climate economist and lawyer, and a senior fellow at the Kleinman Center for Energy Policy. He also serves as Vice Chair of California’s Independent Emissions Market Advisory Committee. Related Content Advancing the Social License for Carbon Management in Achieving Net-Zero GHG Emissions https://kleinmanenergy.upenn.edu/research/publications/advancing-the-social-license-for-carbon-management-in-achieving-net-zero-ghg-emissions/ Will Hydrogen Energy Be Clean Energy? https://kleinmanenergy.upenn.edu/podcast/will-hydrogen-energy-be-clean-energy/ Energy Policy Now is produced by The Kleinman Center for Energy Policy at the University of Pennsylvania. For all things energy policy, visit kleinmanenergy.upenn.eduSee omnystudio.com/listener for privacy information.

The discussion centers on the EPA's recent regulations targeting methane emissions in the oil and gas industry. It delves into the critical role of innovative technologies, such as drones and satellites, in accurately monitoring emissions. The conversation also highlights international regulatory challenges and the intricate political dynamics influencing compliance. Additionally, $850 million in funding for small operators is explored, underscoring efforts to balance mandatory regulations with voluntary frameworks for effective climate action.

Natural gas market expert Anne-Sophie Corbeau explores the global outlook for LNG demand, and the potential for this demand to support the rapid expansion of U.S. LNG export capacity. --- The United States emerged as the leading global exporter of liquefied natural gas (LNG) in 2023, surpassing long-standing leaders Qatar and Australia. Looking ahead, U.S. LNG exports are projected to double by the end of the decade as new export facilities are developed along the U.S. coastline. This rapid expansion has intensified concerns regarding the environmental and community impacts of extensive LNG export projects. Additionally, the swift development of LNG projects raises questions as to whether the global market for natural gas, often referred to as a “bridge fuel”, will support substantial investment and long-term operation of new LNG projects. Anne-Sophie Corbeau, a global research scholar at the Center on Global Energy Policy at Columbia University, examines the future of global LNG demand and how it may support future supply additions in the U.S. She also discusses the potential for global LNG oversupply and factors that could affect the competitiveness of the U.S. industry in a potentially saturated market. Anne-Sophie Corbeau is a global research scholar at the Center on Global Energy Policy at Columbia University’s School of International and Public Affairs, and a former head of gas analysis at BP. Related Content Coordinated Policy and Targeted Investment for an Orderly and Reliable Energy Transition https://kleinmanenergy.upenn.edu/research/publications/coordinated-policy-and-targeted-investment-for-an-orderly-and-reliable-energy-transition/ Europe Confronts the Reality of Energy System Sabotage https://kleinmanenergy.upenn.edu/podcast/europe-confronts-the-reality-of-energy-system-sabotage/ Energy Policy Now is produced by The Kleinman Center for Energy Policy at the University of Pennsylvania. For all things energy policy, visit kleinmanenergy.upenn.eduSee omnystudio.com/listener for privacy information.

As the nation’s reliance on natural gas as a fuel for electricity generation has grown, so have reliability challenges. --- Over 40% of U.S. electricity is generated by gas-fired powerplants yet, double the role the fuel played two decades ago. Yet the past few years have exposed risks arising from our growing reliance on gas-fired generation. Major power outages in Texas and the Eastern U.S. have highlighted the fact that gas generators are vulnerable to disruption of the natural gas supply networks that fuel them. And, while the electricity and natural gas systems have become increasingly interdependent, there remains surprisingly limited coordination of the planning, operation, and regulation of the two industries. This fact complicates efforts to address reliability concerns. Seth Blumsack, director of the Center for Energy Law and Policy at Penn State University, discusses the challenge of coordinating the nation’s natural gas and electricity systems as gas has become the predominant fuel for generators, and a key balancing resource for intermittent renewable energy. Blumsack explains the growing interdependence of the nation’s natural gas and electricity networks, and explores efforts to address reliability concerns through better coordination of the systems. Seth Blumsack is director of the Center for Energy Law and Policy at Penn State University. Related Content The Key to Electric Grid Reliability: Modernizing Governance https://kleinmanenergy.upenn.edu/research/publications/the-key-to-electric-grid-reliability-modernizing-governance/ Coordinated Policy and Targeted Investment for an Orderly and Reliable Energy Transition  https://kleinmanenergy.upenn.edu/research/publications/coordinated-policy-and-targeted-investment-for-an-orderly-and-reliable-energy-transition/   Energy Policy Now is produced by The Kleinman Center for Energy Policy at the University of Pennsylvania. For all things energy policy, visit kleinmanenergy.upenn.eduSee omnystudio.com/listener for privacy information.

Canary Media senior editor Eric Wesoff explains the latest in a history of solar PV trade disputes involving the U.S. and China, and what it could mean for the growth of solar power and domestic solar manufacturing. --- In April, a coalition of U.S. photovoltaics manufacturers petitioned the Department of Commerce to impose anti-dumping tariffs on solar panels from four Southeast Asian countries. The move is the latest in a long history of solar trade disputes involving China and, more recently, Chinese PV manufacturers operating throughout Asia. Canary Media senior editor Eric Wesoff explains the foundations of the latest complaint, and how this case is substantively different from earlier trade disputes including the Auxin Solar case of 2022. He explores the competing priorities of the domestic solar manufacturing industry and solar project developers on the issue of tariffs, and how tensions within the industry create a Catch-22 for the Biden administration as it seeks to grow the solar industry through IRA incentives. Eric Wesoff is senior editor at Canary Media, and former editor in chief at Greentech Media. Related Content California’s Solar Equity Challenge https://kleinmanenergy.upenn.edu/podcast/californias-solar-equity-challenge/ The Key to Electric Grid Reliability: Modernizing Governance https://kleinmanenergy.upenn.edu/research/publications/the-key-to-electric-grid-reliability-modernizing-governance/ Energy Policy Now is produced by The Kleinman Center for Energy Policy at the University of Pennsylvania. For all things energy policy, visit kleinmanenergy.upenn.eduSee omnystudio.com/listener for privacy information.

Kleinman Center visiting scholar Severin Borenstein discusses California’s struggle to balance residential solar growth with electricity rate equity. --- California’s residential solar market is at a critical inflection point after years of strong growth. Last year the state, which has more rooftop solar than any other, lowered the net metering rate that it pays solar households for the excess electricity that they feed into the electric grid. The policy change contributed to a steep decline in residential rooftop solar installations. This could complicate the state’s task of achieving 100% carbon free power in just over 20 years. Yet the reasons behind California’s decision to reduce its solar subsidy are complex and reflect growing tensions over the private versus public costs of rooftop solar. These costs are particularly controversial in a state that already has among the highest electricity rates in the country, as well as aggressive targets for home electrification. On the podcast Severin Borenstein, a Kleinman Center visiting scholar and faculty director of the Energy Institute at the Haas School of Business at the University of California, Berkeley, discusses California’s residential solar energy policies and the challenge of balancing equity, solar growth, and the pace of electrification. Borenstein also explores the lessons from California’s experience that might be applied to other states where rooftop solar power growth is poised to accelerate. Severin Borenstein is a visiting scholar at the Kleinman Center for Energy Policy and faculty director of the Energy Institute at the Haas School of Business at the University of California, Berkeley. Related Content Overcoming Economic Barriers to Electrifying Everything (podcast) https://kleinmanenergy.upenn.edu/podcast/overcoming-economic-barriers-to-electrifying-everything/ Residential Battery Storage: Reshaping the Way We Do Electricity https://kleinmanenergy.upenn.edu/research/publications/residential-battery-storage-reshaping-the-way-we-do-electricity/   Energy Policy Now is produced by The Kleinman Center for Energy Policy at the University of Pennsylvania. For all things energy policy, visit kleinmanenergy.upenn.edu.See omnystudio.com/listener for privacy information.

Kelli Joseph, a senior fellow with the Kleinman Center for Energy Policy, dives into the complexities of competitive electricity markets. She highlights the challenges market price signals face in attracting necessary investments for flexible resources essential to grid reliability. Joseph discusses the evolution of the U.S. electricity system, questioning if current market structures can support the shift to renewable energy. She emphasizes the need for government policies to complement market dynamics in ensuring a reliable and clean electricity future.

Senator Sheldon Whitehouse discusses the prospects for bipartisan U.S. carbon border fee legislation, and the need to protect the Biden administration’s clean energy and climate achievements.--- (This episode was recorded on March 15, 2024, during Penn Energy Week) Senator Sheldon Whitehouse has a reputation as an advocate for strong climate policies in Congress. The Rhode Island Democrat gained national attention over a decade ago when he gave the first of more than 290 “Time to Wake Up” climate speeches to date on the floor of the U.S. Senate. Many of the speeches were delivered at times when the prospects were bleak for significant leadership from Washington on climate and clean energy issues. Yet the past three years have been very different. Through the passage of the Bipartisan Infrastructure Law and, most pointedly, the Inflation Reduction Act, Congress has made concrete steps to grow domestic clean energy and improve the nation’s climate resilience. Recently, Senator Whitehouse reintroduced a bill that would levy the first carbon border fee on goods imported to the U.S., and effectively reward American industry for its leadership in energy efficiency and emissions reductions. On the podcast, Whitehouse discusses his plan for a carbon border adjustment. He also considers an upcoming election that will prove critical for continued progress, and that could jeopardize the full realization of recently passed energy and climate laws and the fate of the Biden administration’s related regulatory accomplishments. Related Content The Key to Electric Grid Reliability: Modernizing Governance https://kleinmanenergy.upenn.edu/research/publications/the-key-to-electric-grid-reliability-modernizing-governance/ Advancing the Social License for Carbon Management in Achieving Net-Zero GHG Emissions https://kleinmanenergy.upenn.edu/research/publications/advancing-the-social-license-for-carbon-management-in-achieving-net-zero-ghg-emissions/ Coordinated Policy and Targeted Investment for an Orderly and Reliable Energy Transition https://kleinmanenergy.upenn.edu/research/publications/coordinated-policy-and-targeted-investment-for-an-orderly-and-reliable-energy-transition/   Energy Policy Now is produced by The Kleinman Center for Energy Policy at the University of Pennsylvania. For all things energy policy, visit kleinmanenergy.upenn.eduSee omnystudio.com/listener for privacy information.