Big banks predict catastrophic warming, with profit potential
Morgan Stanley, JPMorgan and an international banking group have quietly concluded that climate change will likely exceed the Paris Agreement's 2 degree
Current Access Level “I” – ID Only: CUID holders, alumni, and approved guests only
Partner at Rhodium Group
Over the last six years coal prices have gone from record highs to plummeting lows, putting three of the four largest U.S. coal firms into bankruptcy. Although coal mining employment has been declining for decades, Donald Trump campaigned for the U.S. presidency on a platform that promised to reverse what he called his predecessor’s “war on coal.” Since taking office, the new administration has begun to reverse Obama-era environmental policies, and is fielding increasing calls from policymakers and industry alike to do more for coal firms and jobs. This month, West Virginia governor Jim Justice proposed that the federal government provide subsidies to revive the Appalachian coal industry, calling the issue a matter of national security. Yet the Trump Administration rejected a coal industry push to win a rarely used emergency order to protect coal-fired power plants, a decision that has angered some coal executives.
To put all of these recent developments into context, host Jason Bordoff sits down with Trevor Houser, a partner at the Rhodium Group, to discuss a report they co-authored together with Peter Marsters this year–Coal Make a Comeback?–about the U.S. coal industry, its decline, and prospects for its recovery.
The European Union’s energy landscape is transforming rapidly, as the bloc works to reduce emissions, lower energy prices, and decrease dependence on Russian fuel—three goals proving to be...
Across America, energy policy is often driven by short-term politics over long-term planning. Despite record-breaking U.S. oil production in recent years, partisan battles continue over fossil fuels and...
Last week, energy industry leaders gathered in Houston for CERAWeek by S&P Global, one of the most important annual industry events focusing on the current state of energy...
Energy and climate change are becoming ever more central to America's national security. It used to be that foreign policy and national security discussions related to energy focused...
Energy abundance isn't a climate strategy—it delays clean energy progress, harms global cooperation, and repeats past policy mistakes.
President Donald Trump has made energy a clear focus for his second term in the White House. Having campaigned on an “America First” platform that highlighted domestic fossil-fuel growth, the reversal of climate policies and clean energy incentives advanced by the Biden administration, and substantial tariffs on key US trading partners, he declared an “energy emergency” on his first day in office.
While he hasn’t released an official plan, Trump’s playbook the last time he was in office and his frequent complaints about clean energy offer clues to what’s ahead.