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Morgan Stanley, JPMorgan and an international banking group have quietly concluded that climate change will likely exceed the Paris Agreement's 2 degree
Calls to "Drill, baby drill" are back with Donald Trump's return to the White House, and for US natural gas production, the catchphrase might also be a necessity...
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...
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Testifying before the Senate Committee on Energy and Natural Resources, CGEP Inaugural Fellow David Sandalow discusses energy innovation and other potential solutions to help address climate change.
In his testimony, Sandalow offers four core insights on the role of energy innovation in the fight against climate change:
First, energy innovation is essential for fighting climate change. Although renewable power costs have dropped dramatically in the past decade, more is needed. Priority areas include energy storage, floating offshore wind power, industrial heat, long-haul transport, aviation, carbon capture use and storage, and cheap passively safe nuclear reactors.
Second, not all energy innovations help fight climate change. For example, the expansion of oil drilling into the deep ocean is the result of significant technological innovation but does not contribute to the fight against climate change.
Third, innovation alone won’t solve climate change. The most innovative, low-carbon technologies won’t help fight climate change unless they’re deployed, and widespread deployment often requires a range of policies.
Fourth, as a nation, we should build on our strengths and address our weaknesses when it comes to energy innovation. The United States has an extraordinary record when it comes to the development of new energy technologies, however that record of success does not guarantee future results.
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.
