"When we talk about an international 'free market,' we have to remember that the Chinese Communist Party is a player with ambitions to overtake America as the world’s strongest nation. Competing on such an unlevel playing field will require ingenuity in our policymaking to defend American firms and workers from manipulations of the market by China."
"Degrowthism may seem like the only reasonable response to the climate challenges we face, but the experience of enforced economic shrinking during the pandemic indicates the pain would outweigh the benefits — especially for the world's poorest."
"There is a need to close regulatory gaps for local transmission planning. Customers are eager to collaborate with the Federal Energy Regulatory Commission, states, and regional partners to enhance transparency and review the prudency of local transmission projects."
Frédéric Simon of Euractiv reports that GE will use 100% clean hydrogen fuel to power its plants by 2030. “‘Today, we have a 50% hydrogen capability for combustion in our largest baseload gas turbines’ used for power generation, said Martin O’Neill, vice president at GE Gas Power.” Read the full article here.
Amanda Chu and Andrew Jack of the Financial Times report that Princeton is reversing its ban on fossil fuel-funded research. Princeton University has reversed a policy that had sharply constrained the funding of academic research by fossil fuel companies, after pressure from faculty members and concerns that the rules risked hindering work on environmental challenges....
"Conservative climate policies avoid large, top-down omnibus legislation such as the Green New Deal, which would allow the federal government to reorganize the entire economy. Philosophically, conservatives focus on positive incentives to innovate toward lower emissions and support adaptation efforts as sea levels rise and weather patterns change."
"The carbon border tax or polluter import fee can therefore be understood as an attempt to solve that problem—and to universalize whatever carbon policies developed nations might impose in coming decades. But it runs up against a serious practical problem. Taxing one's own citizens is a poor way of getting other nations to change their behavior."
As the investment community begins throwing money at hydrogen, look for some serious debate in the coming months and years over what – and whether – there is value in the hydrogen economy for American businesses and consumers.
"Chevron in March announced new targets for cutting emissions intensity — that is, per unit of output — and has been striking new deals and partnerships on alternative fuels and climate."
Paul Dabbar writes in The Wall Street Journal on how deregulation has created U.S. energy independence. “Technological innovation and broad deregulation are responsible for transforming the U.S. into a global energy powerhouse. The development by American oil and gas companies of new horizontal drilling techniques and the perfection of the process of hydraulic fracturing were...
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