On September 19, California Governor Gavin Newsom approved a bill renewing California’s cap-and-trade program until 2045. This renewal comes despite hostility toward state-level clean energy programs from the Trump administration, notably President Trump’s executive order that specifically criticized California’s cap-and-trade program. Continue reading
Insurance companies are reacting to the increase in climate change-related natural disasters by raising premiums and withdrawing coverage from high-risk areas. Continue reading
Executive Summary Introduction The buffer while you are binge-watching Netflix may be due to the disruption of submarine cables, which lie on the bottom of the sea floor. Submarine cables form the backbone of global digital and energy infrastructure, carrying 95% of international data traffic and supporting offshore energy operations. These cables are typically owned … Continue reading
Executive Summary Introduction The digital economy is rapidly evolving due to artificial intelligence (AI), which is leading to an expansion of its energy footprint. Major technology companies, including Google, Microsoft, Amazon, and Meta, have led the private sector in consuming clean electricity, from purchasing renewable energy certificates (RECs) to utilizing 24/7 Carbon-Free Energy (CFE). A … Continue reading
Executive Summary Introduction Electricity has become the most fundamental commodity in the United States. Its growing influence underpins nearly every major industry. It powers homes, infrastructure, and manufacturing. Innovation and technological development for the entire economy depends on efficient and reliable energy transmission. Utilities markets in the U.S. have historically been viewed as natural monopolies. … Continue reading
Executive Summary Introduction In a speech addressing the United Auto Workers (UAW) on November 9, 2023, President Biden accused China of being “determined to dominate the electric vehicle market by using unfair trade practices,” and promising to “not let them.” Neither the specifics of China’s “unfair trade practices” nor a strategy to combat them were explained. Biden … Continue reading
Introduction Hydrogen is the most abundant element in the universe and has the potential to reduce anthropogenic greenhouse gas emissions and decarbonize our planet. What makes hydrogen vital is its capability to be a clean, safe and flexible energy carrier. Additionally, when combusted to generate heat or electricity, it produces water. These characteristics make it … Continue reading
The Keystone XL pipeline is in the spotlight once again after President Biden revoked the pipeline’s presidential permit by signing an executive order halting the construction of the pipeline that would carry 830,000 barrels of oil per day from Alberta, Canada to Steele City, Nebraska, where it would join an existing pipeline that would transport … Continue reading
China experienced explosive economic growth in the past few decades that helped it rise to the position of the second-largest economy in the world. It now aims to transform itself from a regional to a global hegemon, effectively challenging the US in its backyard, Latin America. The country’s Belt and Road Initiative (BRI) facilitated its … Continue reading
Last month the U.S. International Development Finance Corporation (DFC) announced its reversal of a legacy policy that banned the financing of nuclear power projects abroad[1]. The decision, currently in the public notice and comment period, was lauded as a victory by the energy, environmental, and national security spheres[2][3] but raises several concerns around carbon emissions, … Continue reading
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