How Trump could undo portions of Biden’s climate legacy
Biden's most recent climate initiatives are all but certain to be short-lived, mostly thanks to an obscure law that tends to come into play every four years.
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In passing and signing the Inflation Reduction Act in 2022, Congress and the Biden administration infused hundreds of billions of dollars into the energy transition. It was the largest investment in energy and climate in U.S. history.
At the same time, the law left many countries worried over provisions requiring domestic manufacturing, which some see as protectionist. It’s a friction that’s part of ongoing green trade tensions. As other countries implement their own major climate action plans, some include industrial policies that challenge international trade rules and norms.
Two years in, how are other countries responding to the Inflation Reduction Act? Can trade policy catalyze investment in and around clean energy in emerging markets and developing economies? And what does the concept of “friendshoring” mean?
This week host Jason Bordoff talks with Sarah Bianchi about her work in the Biden administration and how climate policy and trade policy intersect.
Sarah is a senior managing director and chief strategist of international political affairs and public policy at Evercore ISI. She is a distinguished visiting fellow at the Center on Global Energy Policy and is on the advisory board of CGEP’s new Trade and Clean Energy Transition Program to examine the intersection of climate action, trade policy, national security, and industrial strategy.
She has nearly 30 years of experience in both the public and private sector. Most recently, she served as deputy U.S. trade representative from 2021 to 2024, overseeing critical trading relationships across Asia and Africa. Her portfolio covered all aspects of trade, including the energy transition and the implementation of the Inflation Reduction Act.
This week host Jason Bordoff talks with Cheryl LaFleur and David Hill about the incoming Trump administration, its impact on FERC, and the status of permitting reform measures.
The international climate negotiation process stands at a critical juncture. At the recent COP29 summit in Azerbaijan, nations struggled to find common ground on financial support and carbon...
The energy transition is transforming how we power our world – clean energy systems are becoming more interconnected, automated, and reliant on digital infrastructure. But with this transformation...
The clean energy transition has a dirty underside. To move away from fossil fuels and toward solar, wind, batteries, and other alternative sources of energy, we have to intensify mining operations for critical minerals like lithium, copper, and cobalt.
This year’s Conference of the Parties (COP-29) broke new ground with the Baku Initiative for Climate Finance, Investment, and Trade (BICFIT)—the first high-profile COP initiative to place trade...
Economic statecraft, and sanctions in particular, are popular policy instruments because they promise to deliver leverage at someone else’s expense. Sanctions can create pressure by taking away something...
This commentary addresses the importance of Indonesian nickel supply to US climate goals, and why a US-Indonesia critical minerals agreement could be beneficial for both countries.
President Biden has merged the nation’s climate and trade policy strategies, with tariffs as a defining feature.[1] Duties have been imposed on imports of solar panels, steel, aluminum,...