Long-distance electric transmission lines are a critical to the energy transition, yet construction of new lines has come to a near standstill in the U.S. Rob Gramlich of Grid Strategies discusses recent market and regulatory action to resurrect transmission development. --- Electric transmission line mileage will need to triple by the middle of this century to make a net-zero carbon grid a reality, according to estimates cited by the U.S. Department of Energy. Yet new transmission development has plummeted over the past decade, while efforts to spur new construction of long-distance power lines have largely come up short. Rob Gramlich, president of power sector consultancy Grid Strategies and a frequent expert witness on grid issues before Congress, discusses transmission’s critical role in making the grid of the future clean and reliable, and the reasons behind the development slowdown. He reviews the results of a recent report card analysis of transmission development activity across the country, and highlights efforts among grid operators and regulators to incentivize new development. Rob Gramlich is president of power sector consultancy Grid Strategies. Related Content  Energy Transition Puts Grid Reliability to the Test https://kleinmanenergy.upenn.edu/podcast/energy-transition-puts-grid-reliability-to-the-test/  The Prospects for Pennsylvania as a RGGI Member https://kleinmanenergy.upenn.edu/research/publications/the-prospects-for-pennsylvania-as-a-rggi-member/ Wholesale Electricity Justice https://kleinmanenergy.upenn.edu/research/publications/wholesale-electricity-justice/   Energy Policy Now is produced by The Kleinman Center for Energy Policy at the University of Pennsylvania. For all things energy policy, visit kleinmanenergy.upenn.eduSee omnystudio.com/listener for privacy information.

Long-distance electric transmission lines are a critical to the energy transition, yet construction of new lines has come to a near standstill in the U.S. Rob Gramlich of Grid Strategies discusses recent market and regulatory action to resurrect transmission development. --- Electric transmission line mileage will need to triple by the middle of this century to make a net-zero carbon grid a reality, according to estimates cited by the U.S. Department of Energy. Yet new transmission development has plummeted over the past decade, while efforts to spur new construction of long-distance power lines have largely come up short. Rob Gramlich, president of power sector consultancy Grid Strategies and a frequent expert witness on grid issues before Congress, discusses transmission’s critical role in making the grid of the future clean and reliable, and the reasons behind the development slowdown. He reviews the results of a recent report card analysis of transmission development activity across the country, and highlights efforts among grid operators and regulators to incentivize new development. Rob Gramlich is president of power sector consultancy Grid Strategies. Related Content Energy Transition Puts Grid Reliability to the Test <a href="https://kleinmanenergy.upenn.edu/podcast/energy-transition-puts-grid-reliability-to-the-test/" rel="nofollow" target="_blank">https://kleinmanenergy.upenn.edu/podcast/energy-transition-puts-grid-reliability-to-the-test/ </a> The Prospects for Pennsylvania as a RGGI Member <a href="https://kleinmanenergy.upenn.edu/research/publications/the-prospects-for-pennsylvania-as-a-rggi-member/" rel="nofollow" target="_blank">https://kleinmanenergy.upenn.edu/research/publications/the-prospects-for-pennsylvania-as-a-rggi-member/</a> Wholesale Electricity Justice <a href="https://kleinmanenergy.upenn.edu/research/publications/wholesale-electricity-justice/" rel="nofollow" target="_blank">https://kleinmanenergy.upenn.edu/research/publications/wholesale-electricity-justice/</a> Energy Policy Now is produced by <a href="http://kleinmanenergy.upenn.edu/" rel="nofollow" target="_blank">The Kleinman Center for Energy Policy</a> at the University of Pennsylvania. For all things energy policy, visit <a href="http://kleinmanenergy.upenn.edu/" rel="nofollow" target="_blank">kleinmanenergy.upenn.edu</a>See <a href="https://omnystudio.com/listener" rel="nofollow" target="_blank">omnystudio.com/listener</a> for privacy information.

America’s Electric Power Transmission Crisis

As COP 28 draws closer, climate negotiators race to finalize a financing structure to help countries that suffer climate change-related damages. --- In late November this year’s global climate conference, COP 28, will begin in Dubai. The headline issue at COP will be the global stock take, which is a country by country review of progress toward fulfilling emissions reduction pledges under the Paris Climate Agreement. Yet while much attention at COP will be focused on emissions reductions, a second issue, and one that has long been critical to developing nations, will finally and concretely share the limelight. The issue is that of loss and damage finance, or financial support for countries that sustain damage resulting from a changing climate. In Dubai negotiators are expected to endorse a financing framework, and purpose-built fund, to explicitly address the recovery needs of countries impacted by climate change. Michael Franczak, a research fellow at the International Peace Institute, explores loss and damage finance and the race to deliver a formal finance mechanism in time for COP28. He also explains why the issue of loss and damage finance has been so contentious, and discusses innovative means to provide loss and damage funding on the scale that’s needed. Michael Franczak is a research fellow at the International Peace Institute and author of the recent IPI report, “Financing Loss and Damage at Scale: Toward a Mosaic Approach.” Related Content COP 27 and Climate Finance: Renovated Debates, Same Old Dilemmas https://kleinmanenergy.upenn.edu/news-insights/cop27-and-climate-finance-renovated-debates-same-old-dilemmas/ COP27 Dispatch: Why Loss and Damage Finance Is Critical to Small Island States  https://kleinmanenergy.upenn.edu/podcast/cop27-dispatch-why-loss-and-damage-finance-is-critical-to-small-island-states/   Energy Policy Now is produced by The Kleinman Center for Energy Policy at the University of Pennsylvania. For all things energy policy, visit kleinmanenergy.upenn.edu.See omnystudio.com/listener for privacy information.

As COP 28 draws closer, climate negotiators race to finalize a financing structure to help countries that suffer climate change-related damages. --- In late November this year’s global climate conference, COP 28, will begin in Dubai. The headline issue at COP will be the global stock take, which is a country by country review of progress toward fulfilling emissions reduction pledges under the Paris Climate Agreement. Yet while much attention at COP will be focused on emissions reductions, a second issue, and one that has long been critical to developing nations, will finally and concretely share the limelight. The issue is that of loss and damage finance, or financial support for countries that sustain damage resulting from a changing climate. In Dubai negotiators are expected to endorse a financing framework, and purpose-built fund, to explicitly address the recovery needs of countries impacted by climate change. Michael Franczak, a research fellow at the International Peace Institute, explores loss and damage finance and the race to deliver a formal finance mechanism in time for COP28. He also explains why the issue of loss and damage finance has been so contentious, and discusses innovative means to provide loss and damage funding on the scale that’s needed. Michael Franczak is a research fellow at the International Peace Institute and author of the recent IPI report, “Financing Loss and Damage at Scale: Toward a Mosaic Approach.” Related Content COP 27 and Climate Finance: Renovated Debates, Same Old Dilemmas <a href="https://kleinmanenergy.upenn.edu/news-insights/cop27-and-climate-finance-renovated-debates-same-old-dilemmas/" rel="nofollow" target="_blank">https://kleinmanenergy.upenn.edu/news-insights/cop27-and-climate-finance-renovated-debates-same-old-dilemmas/</a> COP27 Dispatch: Why Loss and Damage Finance Is Critical to Small Island States  <a href="https://kleinmanenergy.upenn.edu/podcast/cop27-dispatch-why-loss-and-damage-finance-is-critical-to-small-island-states/" rel="nofollow" target="_blank">https://kleinmanenergy.upenn.edu/podcast/cop27-dispatch-why-loss-and-damage-finance-is-critical-to-small-island-states/</a> Energy Policy Now is produced by <a href="http://kleinmanenergy.upenn.edu/" rel="nofollow" target="_blank">The Kleinman Center for Energy Policy</a> at the University of Pennsylvania. For all things energy policy, visit <a href="http://kleinmanenergy.upenn.edu/" rel="nofollow" target="_blank">kleinmanenergy.upenn.edu.</a>See <a href="https://omnystudio.com/listener" rel="nofollow" target="_blank">omnystudio.com/listener</a> for privacy information.

Loss and Damage Finance Becomes Reality

California is set to present its strategic plan to scale an offshore wind power industry based on unconventional floating wind technology. --- In late June the California Energy Commission will submit its strategic plan for the development of offshore wind energy to the state’s legislature. The plan is the culmination of two years of efforts by California to jump start its offshore wind industry and help the state reach its goal of 100% carbon free electricity by the year 2045. Yet California’s offshore wind ambitions are also a bet on floating offshore wind technology that is required by the state’s deep ocean waters. The technology has scarcely been applied anywhere in the world, and it presents infrastructure and economic hurdles that could complicate the state’s offshore wind efforts. Tim Fischer, Executive Director for Global Wind with Ramboll, a Danish offshore wind consultancy and engineering consultant to California effort, and Joe Rand of the Lawrence Berkeley National Laboratory, discuss the challenges of quickly scaling floating wind power to meet California’s energy goals. They also consider the challenges of connecting large amounts of renewable energy to the on-shore grid, taking into account the need to balance infrastructure development with community priorities. Related Content Ammonia’s Role in a Net-Zero Carbon Economy https://kleinmanenergy.upenn.edu/research/publications/ammonias-role-in-a-net-zero-hydrogen-economy/  The Economics of Building Electrification https://kleinmanenergy.upenn.edu/research/publications/the-economics-of-building-electrification/ Scaling Private Finance for Global Solar Growth https://kleinmanenergy.upenn.edu/podcast/scaling-private-finance-for-global-solar-growth/    Energy Policy Now is produced by The Kleinman Center for Energy Policy at the University of Pennsylvania. For all things energy policy, visit kleinmanenergy.upenn.eduSee omnystudio.com/listener for privacy information.

California is set to present its strategic plan to scale an offshore wind power industry based on unconventional floating wind technology. --- In late June the California Energy Commission will submit its strategic plan for the development of offshore wind energy to the state’s legislature. The plan is the culmination of two years of efforts by California to jump start its offshore wind industry and help the state reach its goal of 100% carbon free electricity by the year 2045. Yet California’s offshore wind ambitions are also a bet on floating offshore wind technology that is required by the state’s deep ocean waters. The technology has scarcely been applied anywhere in the world, and it presents infrastructure and economic hurdles that could complicate the state’s offshore wind efforts. Tim Fischer, Executive Director for Global Wind with Ramboll, a Danish offshore wind consultancy and engineering consultant to California effort, and Joe Rand of the Lawrence Berkeley National Laboratory, discuss the challenges of quickly scaling floating wind power to meet California’s energy goals. They also consider the challenges of connecting large amounts of renewable energy to the on-shore grid, taking into account the need to balance infrastructure development with community priorities. Related Content Ammonia’s Role in a Net-Zero Carbon Economy <a href="https://kleinmanenergy.upenn.edu/research/publications/ammonias-role-in-a-net-zero-hydrogen-economy/" rel="nofollow" target="_blank">https://kleinmanenergy.upenn.edu/research/publications/ammonias-role-in-a-net-zero-hydrogen-economy/ </a> The Economics of Building Electrification <a href="https://kleinmanenergy.upenn.edu/research/publications/the-economics-of-building-electrification/" rel="nofollow" target="_blank">https://kleinmanenergy.upenn.edu/research/publications/the-economics-of-building-electrification/</a> Scaling Private Finance for Global Solar Growth <a href="https://kleinmanenergy.upenn.edu/podcast/scaling-private-finance-for-global-solar-growth/" rel="nofollow" target="_blank">https://kleinmanenergy.upenn.edu/podcast/scaling-private-finance-for-global-solar-growth/ </a> Energy Policy Now is produced by The Kleinman Center for Energy Policy at the University of Pennsylvania. For all things energy policy, visit <a href="http://kleinmanenergy.upenn.edu" rel="nofollow" target="_blank">kleinmanenergy.upenn.edu</a>See <a href="https://omnystudio.com/listener" rel="nofollow" target="_blank">omnystudio.com/listener</a> for privacy information.

California’s Deepwater Wind Challenge

Nick Rohleder, Energy Policy Now’s former editorial assistant and current climate entrepreneur, discusses the challenge of managing the investment risk inherent in emerging clean energy technologies. --- Last year, $1.1 trillion dollars were invested globally in carbon-free energy technologies and infrastructure. This volume of investment marked a significant milestone, as the first year in which money directed to clean energy equaled investment in the global oil and gas industry. Yet rising clean energy investment masks a critical barrier to the deployment of climate technologies and infrastructure, many of which are new and relatively unproven. As low-carbon solutions are rushed to market to meet urgent climate challenges, they carry inherent technology and implementation risks that can create a disincentive to investment, in particular for investors that are not accustomed to weighing such risks. Nick Rohleder, a Penn alumnus, former editorial assistant to Energy Policy Now, and now a climate entrepreneur, discusses the nature of climate technology risk and why it poses a barrier to investment. He also looks at how commercialization and technology risks can be managed with the goal of accelerating the deployment of climate solutions. Nicholaus Rohleder is co-founder of Climate Commodities and Climate Risk Partners. Related Content The Prospects for Pennsylvania as a RGGI Member https://kleinmanenergy.upenn.edu/research/publications/the-prospects-for-pennsylvania-as-a-rggi-member/  Ammonia’s Role in a Net-Zero Hydrogen Economy https://kleinmanenergy.upenn.edu/research/publications/ammonias-role-in-a-net-zero-hydrogen-economy/   Energy Policy Now is produced by The Kleinman Center for Energy Policy at the University of Pennsylvania. For all things energy policy, visit kleinmanenergy.upenn.edu See omnystudio.com/listener for privacy information.

Nick Rohleder, Energy Policy Now’s former editorial assistant and current climate entrepreneur, discusses the challenge of managing the investment risk inherent in emerging clean energy technologies. --- Last year, $1.1 trillion dollars were invested globally in carbon-free energy technologies and infrastructure. This volume of investment marked a significant milestone, as the first year in which money directed to clean energy equaled investment in the global oil and gas industry. Yet rising clean energy investment masks a critical barrier to the deployment of climate technologies and infrastructure, many of which are new and relatively unproven. As low-carbon solutions are rushed to market to meet urgent climate challenges, they carry inherent technology and implementation risks that can create a disincentive to investment, in particular for investors that are not accustomed to weighing such risks. Nick Rohleder, a Penn alumnus, former editorial assistant to Energy Policy Now, and now a climate entrepreneur, discusses the nature of climate technology risk and why it poses a barrier to investment. He also looks at how commercialization and technology risks can be managed with the goal of accelerating the deployment of climate solutions. Nicholaus Rohleder is co-founder of Climate Commodities and Climate Risk Partners. Related Content The Prospects for Pennsylvania as a RGGI Member <a href="https://kleinmanenergy.upenn.edu/research/publications/the-prospects-for-pennsylvania-as-a-rggi-member/" rel="nofollow" target="_blank">https://kleinmanenergy.upenn.edu/research/publications/the-prospects-for-pennsylvania-as-a-rggi-member/ </a> Ammonia’s Role in a Net-Zero Hydrogen Economy <a href="https://kleinmanenergy.upenn.edu/research/publications/ammonias-role-in-a-net-zero-hydrogen-economy/" rel="nofollow" target="_blank">https://kleinmanenergy.upenn.edu/research/publications/ammonias-role-in-a-net-zero-hydrogen-economy/</a> Energy Policy Now is produced by The Kleinman Center for Energy Policy at the University of Pennsylvania. For all things energy policy, visit <a href="http://kleinmanenergy.upenn.edu" rel="nofollow" target="_blank">kleinmanenergy.upenn.edu</a> See <a href="https://omnystudio.com/listener" rel="nofollow" target="_blank">omnystudio.com/listener</a> for privacy information.

Tackling Climate Technology Investment Risk

A new report examines the economic and climate impacts of Pennsylvania joining the Regional Greenhouse Gas Initiative, now stalled in court. --- The Regional Greenhouse Gas Initiative, or RGGI, was the first major carbon market to be established in the United States. Since its inception in 2009, RGGI has contributed to a reduction in greenhouse gas emissions from the electricity sector in a market that now spans 11 eastern states. Yet RGGI has recently seen its expansion stalled in Pennsylvania, one of the nation’s largest emitters of carbon dioxide, and a state where the struggle over the future of the energy industry, and the roles to be played by fossil fuels and clean energy, has been particularly intense. Authors of a recent report on expected economic and climate impacts of Pennsylvania’s participation in RGGI discuss their findings, and explore the political and legal battles that are now taking place over the market’s future in the state. That future may ultimately lie in the hands of a newly elected governor who inherited RGGI from his predecessor, but who has yet to publicly commit to the market’s development. But first, a state court must render its decision on the legality of Pennsylvania’s participation in the RGGI market. Angela Pachon is research director at the Kleinman Center for Energy Policy. Maya Domeshek is a research associate at Resources for the Future. Their recent report, “The Prospects for Pennsylvania as a RGGI Member” is a joint publication of the Kleinman Center and Resources for the Future. Related Content The Prospects for Pennsylvania as a RGGI Member https://kleinmanenergy.upenn.edu/research/publications/the-prospects-for-pennsylvania-as-a-rggi-member/  East Meets West: Linking the China and EU ETS’s https://kleinmanenergy.upenn.edu/research/publications/east-meets-west-linking-the-china-and-eu-etss/  Net-Zero Nevada: From Pledge to Action https://kleinmanenergy.upenn.edu/research/publications/net-zero-nevada-from-pledge-to-action/    Energy Policy Now is produced by The Kleinman Center for Energy Policy at the University of Pennsylvania. For all things energy policy, visit kleinmanenergy.upenn.eduSee omnystudio.com/listener for privacy information.

A new report examines the economic and climate impacts of Pennsylvania joining the Regional Greenhouse Gas Initiative, now stalled in court. --- The Regional Greenhouse Gas Initiative, or RGGI, was the first major carbon market to be established in the United States. Since its inception in 2009, RGGI has contributed to a reduction in greenhouse gas emissions from the electricity sector in a market that now spans 11 eastern states. Yet RGGI has recently seen its expansion stalled in Pennsylvania, one of the nation’s largest emitters of carbon dioxide, and a state where the struggle over the future of the energy industry, and the roles to be played by fossil fuels and clean energy, has been particularly intense. Authors of a recent report on expected economic and climate impacts of Pennsylvania’s participation in RGGI discuss their findings, and explore the political and legal battles that are now taking place over the market’s future in the state. That future may ultimately lie in the hands of a newly elected governor who inherited RGGI from his predecessor, but who has yet to publicly commit to the market’s development. But first, a state court must render its decision on the legality of Pennsylvania’s participation in the RGGI market. Angela Pachon is research director at the Kleinman Center for Energy Policy. Maya Domeshek is a research associate at Resources for the Future. Their recent report, “The Prospects for Pennsylvania as a RGGI Member” is a joint publication of the Kleinman Center and Resources for the Future. Related Content The Prospects for Pennsylvania as a RGGI Member <a href="https://kleinmanenergy.upenn.edu/research/publications/the-prospects-for-pennsylvania-as-a-rggi-member/" rel="nofollow" target="_blank">https://kleinmanenergy.upenn.edu/research/publications/the-prospects-for-pennsylvania-as-a-rggi-member/ </a> East Meets West: Linking the China and EU ETS’s <a href="https://kleinmanenergy.upenn.edu/research/publications/east-meets-west-linking-the-china-and-eu-etss/" rel="nofollow" target="_blank">https://kleinmanenergy.upenn.edu/research/publications/east-meets-west-linking-the-china-and-eu-etss/ </a> Net-Zero Nevada: From Pledge to Action <a href="https://kleinmanenergy.upenn.edu/research/publications/net-zero-nevada-from-pledge-to-action/" rel="nofollow" target="_blank">https://kleinmanenergy.upenn.edu/research/publications/net-zero-nevada-from-pledge-to-action/ </a> Energy Policy Now is produced by The Kleinman Center for Energy Policy at the University of Pennsylvania. For all things energy policy, visit <a href="http://kleinmanenergy.upenn.edu" rel="nofollow" target="_blank">kleinmanenergy.upenn.edu</a>See <a href="https://omnystudio.com/listener" rel="nofollow" target="_blank">omnystudio.com/listener</a> for privacy information.

Pennsylvania Effort to Join RGGI Faces Legal, Political Peril

A geographer explores the impact of location on worker opportunity and equity in the clean energy economy. --- The Inflation Reduction Act earmarks hundreds of billions of dollars for clean energy and the development of jobs in the clean energy supply chain, construction and operations. Critically, the law also acknowledges that the transition to clean energy presents a generational opportunity to address labor inequities that are rooted in race and gender, as well as the often overlooked element of geography.  Nikki Luke, an assistant professor of Geography at the University of Tennessee, explores how state-level labor policies have contributed to geographic labor inequities that, if they persist, could limit access to quality jobs across the new energy economy. She also looks at local models to support inclusivity, and the role of organized labor in the energy transition.  Nikki Luke is an assistant professor of Geography at the University of Tennessee. Related Content Gender Baseline Assessment of Energy Compacts https://kleinmanenergy.upenn.edu/research/publications/gender-baseline-assessment-of-energy-compacts/ Energy Transition and Opportunity in the Oil Patch https://kleinmanenergy.upenn.edu/podcast/energy-transition-and-opportunity-in-the-oil-patch/ Organized Labor Sees Promise in Transition to Clean Energy https://kleinmanenergy.upenn.edu/podcast/organized-labor-sees-promise-in-transition-to-clean-energy/   Energy Policy Now is produced by The Kleinman Center for Energy Policy at the University of Pennsylvania. For all things energy policy, visit kleinmanenergy.upenn.eduSee omnystudio.com/listener for privacy information.

A geographer explores the impact of location on worker opportunity and equity in the clean energy economy. --- The Inflation Reduction Act earmarks hundreds of billions of dollars for clean energy and the development of jobs in the clean energy supply chain, construction and operations. Critically, the law also acknowledges that the transition to clean energy presents a generational opportunity to address labor inequities that are rooted in race and gender, as well as the often overlooked element of geography.  Nikki Luke, an assistant professor of Geography at the University of Tennessee, explores how state-level labor policies have contributed to geographic labor inequities that, if they persist, could limit access to quality jobs across the new energy economy. She also looks at local models to support inclusivity, and the role of organized labor in the energy transition.  Nikki Luke is an assistant professor of Geography at the University of Tennessee. Related Content <a href="https://kleinmanenergy.upenn.edu/research/publications/gender-baseline-assessment-of-energy-compacts/" rel="nofollow" target="_blank">Gender Baseline Assessment of Energy Compacts</a> <a href="https://kleinmanenergy.upenn.edu/research/publications/gender-baseline-assessment-of-energy-compacts/" rel="nofollow" target="_blank">https://kleinmanenergy.upenn.edu/research/publications/gender-baseline-assessment-of-energy-compacts/</a> <a href="https://kleinmanenergy.upenn.edu/podcast/energy-transition-and-opportunity-in-the-oil-patch/" rel="nofollow" target="_blank">Energy Transition and Opportunity in the Oil Patch</a> <a href="https://kleinmanenergy.upenn.edu/podcast/energy-transition-and-opportunity-in-the-oil-patch/" rel="nofollow" target="_blank">https://kleinmanenergy.upenn.edu/podcast/energy-transition-and-opportunity-in-the-oil-patch/</a> <a href="https://kleinmanenergy.upenn.edu/podcast/organized-labor-sees-promise-in-transition-to-clean-energy/" rel="nofollow" target="_blank">Organized Labor Sees Promise in Transition to Clean Energy</a> <a href="https://kleinmanenergy.upenn.edu/podcast/organized-labor-sees-promise-in-transition-to-clean-energy/" rel="nofollow" target="_blank">https://kleinmanenergy.upenn.edu/podcast/organized-labor-sees-promise-in-transition-to-clean-energy/</a> Energy Policy Now is produced by <a href="http://kleinmanenergy.upenn.edu/" rel="nofollow" target="_blank">The Kleinman Center for Energy Policy</a> at the University of Pennsylvania. For all things energy policy, visit <a href="http://kleinmanenergy.upenn.edu/" rel="nofollow" target="_blank">kleinmanenergy.upenn.edu</a>See <a href="https://omnystudio.com/listener" rel="nofollow" target="_blank">omnystudio.com/listener</a> for privacy information.

Geography, Equity and the Energy Transition

Princeton University researchers have launched a global survey aimed at spotting and eliminating practical barriers to a net-zero carbon future. Description Much work needs to be done, very quickly, if if a net-zero carbon economy is to become reality by the middle of this century. Yet, the fact is that the current rate of investment in clean energy technology and today’s pace of clean infrastructure deployment lag well behind what will be needed to reach the mid-century goal, and limit climate change impacts. On the podcast, two researchers from Princeton University discuss their work to identify key bottlenecks to the acceleration of the energy transition in the areas of finance, workforce mobilization, and related challenges through a recently launched global survey into barriers to achieving net-zero. They also take a deep dive into a series of critical shifts that, if they take place, hold the promise of delivering an accelerated rate of decarbonization toward the 2050 goal. Elke Weber is a Professor of Psychology and Public Affairs, and Professor of Energy and Environment at Princeton University’s Andlinger Center for Energy and the Environment. Chris Greig is a Senior Research Scientist at the Andlinger Center and former energy industry executive. Related Content Accelerating Climate Action  https://kleinmanenergy.upenn.edu/podcast/accelerating-climate-action/ The Net-Zero Governance Conveyor Belt https://kleinmanenergy.upenn.edu/research/publications/the-net-zero-governance-conveyor-belt/ Ammonia’s Role in a Net-Zero Hydrogen Economy https://kleinmanenergy.upenn.edu/research/publications/ammonias-role-in-a-net-zero-hydrogen-economy/   Energy Policy Now is produced by The Kleinman Center for Energy Policy at the University of Pennsylvania. For all things energy policy, visit kleinmanenergy.upenn.eduSee omnystudio.com/listener for privacy information.

Princeton University researchers have launched a global survey aimed at spotting and eliminating practical barriers to a net-zero carbon future. Description Much work needs to be done, very quickly, if if a net-zero carbon economy is to become reality by the middle of this century. Yet, the fact is that the current rate of investment in clean energy technology and today’s pace of clean infrastructure deployment lag well behind what will be needed to reach the mid-century goal, and limit climate change impacts. On the podcast, two researchers from Princeton University discuss their work to identify key bottlenecks to the acceleration of the energy transition in the areas of finance, workforce mobilization, and related challenges through a recently launched global survey into barriers to achieving net-zero. They also take a deep dive into a series of critical shifts that, if they take place, hold the promise of delivering an accelerated rate of decarbonization toward the 2050 goal. Elke Weber is a Professor of Psychology and Public Affairs, and Professor of Energy and Environment at Princeton University’s Andlinger Center for Energy and the Environment. Chris Greig is a Senior Research Scientist at the Andlinger Center and former energy industry executive. Related Content <a href="https://kleinmanenergy.upenn.edu/podcast/accelerating-climate-action/" rel="nofollow" target="_blank">Accelerating Climate Action  </a><a href="https://kleinmanenergy.upenn.edu/podcast/accelerating-climate-action/" rel="nofollow" target="_blank">https://kleinmanenergy.upenn.edu/podcast/accelerating-climate-action/</a> <a href="https://kleinmanenergy.upenn.edu/research/publications/the-net-zero-governance-conveyor-belt/" rel="nofollow" target="_blank">The Net-Zero Governance Conveyor Belt</a> <a href="https://kleinmanenergy.upenn.edu/research/publications/the-net-zero-governance-conveyor-belt/" rel="nofollow" target="_blank">https://kleinmanenergy.upenn.edu/research/publications/the-net-zero-governance-conveyor-belt/</a> <a href="https://kleinmanenergy.upenn.edu/research/publications/ammonias-role-in-a-net-zero-hydrogen-economy/" rel="nofollow" target="_blank">Ammonia’s Role in a Net-Zero Hydrogen Economy</a> <a href="https://kleinmanenergy.upenn.edu/research/publications/ammonias-role-in-a-net-zero-hydrogen-economy/" rel="nofollow" target="_blank">https://kleinmanenergy.upenn.edu/research/publications/ammonias-role-in-a-net-zero-hydrogen-economy/</a> Energy Policy Now is produced by <a href="http://kleinmanenergy.upenn.edu/" rel="nofollow" target="_blank">The Kleinman Center for Energy Policy</a> at the University of Pennsylvania. For all things energy policy, visit <a href="http://kleinmanenergy.upenn.edu/" rel="nofollow" target="_blank">kleinmanenergy.upenn.edu</a>See <a href="https://omnystudio.com/listener" rel="nofollow" target="_blank">omnystudio.com/listener</a> for privacy information.

Breaking the Bottlenecks to Climate Progress

PJM Interconnection is in a race to shore up electric grid reliability as the transition from fossil fuels to clean energy accelerates. --- In February PJM Interconnection, the largest wholesale electricity market in the US, published a report that points to the very real possibility that electricity supply in the market could fall short of the level needed for reliable grid operation in just five years. The potential shortfall is tied to the pace of the energy transition, in which fossil fuel generators, and coal plants in particular, are retiring faster than they can be replaced by new clean and renewable generation. The report has led to a flurry of activity in PJM, as its members rush headlong into a process to reform the way the market manages, and values the reliability that generators bring to the electricity system. Abe Silverman, Director of the Non Technical Barriers to the Clean Energy Transition program at Columbia University’s Center on Global Energy Policy, explores efforts underway in PJM to revise market rules to ensure that supply meets demand at all times, including during extreme weather events that have recently threatened the reliability of the grid. The resource adequacy challenges to be addressed are immensely complex, and extend beyond the fundamentals of energy technology to encompass the diverse economic and environmental priorities at play in the market and, more broadly, across the nation. Abe Silverman is Director of the Non Technical Barriers to the Clean Energy Transition research and policy program at Columbia University’s Center on Global Energy Policy. He is former General Counsel for the New Jersey Board of Public Utilities. Related Content Wholesale Electricity Justice https://kleinmanenergy.upenn.edu/research/publications/wholesale-electricity-justice/  Massive Shift toward Solar Power Begins in Largest U.S. Electricity Market https://kleinmanenergy.upenn.edu/podcast/massive-shift-toward-solar-power-begins-in-largest-u-s-electricity-market/  The Economics of Building Electrification https://kleinmanenergy.upenn.edu/research/publications/the-economics-of-building-electrification/    Energy Policy Now is produced by The Kleinman Center for Energy Policy at the University of Pennsylvania. For all things energy policy, visit kleinmanenergy.upenn.eduSee omnystudio.com/listener for privacy information.

PJM Interconnection is in a race to shore up electric grid reliability as the transition from fossil fuels to clean energy accelerates. --- In February PJM Interconnection, the largest wholesale electricity market in the US, published a report that points to the very real possibility that electricity supply in the market could fall short of the level needed for reliable grid operation in just five years. The potential shortfall is tied to the pace of the energy transition, in which fossil fuel generators, and coal plants in particular, are retiring faster than they can be replaced by new clean and renewable generation. The report has led to a flurry of activity in PJM, as its members rush headlong into a process to reform the way the market manages, and values the reliability that generators bring to the electricity system. Abe Silverman, Director of the Non Technical Barriers to the Clean Energy Transition program at Columbia University’s Center on Global Energy Policy, explores efforts underway in PJM to revise market rules to ensure that supply meets demand at all times, including during extreme weather events that have recently threatened the reliability of the grid. The resource adequacy challenges to be addressed are immensely complex, and extend beyond the fundamentals of energy technology to encompass the diverse economic and environmental priorities at play in the market and, more broadly, across the nation. Abe Silverman is Director of the Non Technical Barriers to the Clean Energy Transition research and policy program at Columbia University’s Center on Global Energy Policy. He is former General Counsel for the New Jersey Board of Public Utilities. Related Content Wholesale Electricity Justice <a href="https://kleinmanenergy.upenn.edu/research/publications/wholesale-electricity-justice/" rel="nofollow" target="_blank">https://kleinmanenergy.upenn.edu/research/publications/wholesale-electricity-justice/ </a> Massive Shift toward Solar Power Begins in Largest U.S. Electricity Market <a href="https://kleinmanenergy.upenn.edu/podcast/massive-shift-toward-solar-power-begins-in-largest-u-s-electricity-market/" rel="nofollow" target="_blank">https://kleinmanenergy.upenn.edu/podcast/massive-shift-toward-solar-power-begins-in-largest-u-s-electricity-market/ </a> The Economics of Building Electrification <a href="https://kleinmanenergy.upenn.edu/research/publications/the-economics-of-building-electrification/" rel="nofollow" target="_blank">https://kleinmanenergy.upenn.edu/research/publications/the-economics-of-building-electrification/ </a> Energy Policy Now is produced by The Kleinman Center for Energy Policy at the University of Pennsylvania. For all things energy policy, visit <a href="http://kleinmanenergy.upenn.edu" rel="nofollow" target="_blank">kleinmanenergy.upenn.edu</a>See <a href="https://omnystudio.com/listener" rel="nofollow" target="_blank">omnystudio.com/listener</a> for privacy information.

Energy Transition Puts Grid Reliability to the Test 

A senior climate diplomat discusses scientific, economic, and diplomatic barriers to rapid global decarbonization. --- In March the Intergovernmental Panel on Climate Change released the final volume of its Sixth Assessment report on progress toward addressing climate change. The findings of the report aren’t encouraging, and point to an acceleration of climate impacts and continued growth in fossil fuel use. Possibly the most candid assessment of the report’s findings came in a statement from the United Nations Secretary General, Antonio Gutierrez, who stated that developed countries must reach net zero by the year 2040, well ahead of declared targets, if hope is to remain of minimizing climate risks. In the podcast Simon Sharpe, Director of Economics for the UNFCCC Climate Champions and author of a newly published book, “Five Times Faster,” discusses his experience as one of the United Kingdom’s senior climate diplomats, and the frustrations, and alarm, that accompany the less than adequate pace of emissions reductions to date. Sharpe discusses his book’s exploration of the scientific, economic and diplomatic realities that have prevented rapid progress toward a net-zero global economy, and offers suggestions for constructive collaboration to accelerate the transition to cleaner forms of energy. Simon Sharpe is Director of Economics for the UNFCCC Climate Champions, and a Senior Fellow at the World Resources Institute.   Energy Policy Now is produced by The Kleinman Center for Energy Policy at the University of Pennsylvania. For all things energy policy, visit kleinmanenergy.upenn.edu Related Content The Net Zero Governance Conveyor Belt https://kleinmanenergy.upenn.edu/research/publications/the-net-zero-governance-conveyor-belt/ Nicholas Stern on the Role of Economics in Combating Climate Change https://kleinmanenergy.upenn.edu/podcast/nicholas-stern-on-the-role-of-economics-in-combating-climate-change/ Have We Reached Peak Carbon Emissions? https://kleinmanenergy.upenn.edu/research/publications/have-we-reached-peak-carbon-emissions/See omnystudio.com/listener for privacy information.

A senior climate diplomat discusses scientific, economic, and diplomatic barriers to rapid global decarbonization. --- In March the Intergovernmental Panel on Climate Change released the final volume of its Sixth Assessment report on progress toward addressing climate change. The findings of the report aren’t encouraging, and point to an acceleration of climate impacts and continued growth in fossil fuel use. Possibly the most candid assessment of the report’s findings came in a statement from the United Nations Secretary General, Antonio Gutierrez, who stated that developed countries must reach net zero by the year 2040, well ahead of declared targets, if hope is to remain of minimizing climate risks. In the podcast Simon Sharpe, Director of Economics for the UNFCCC Climate Champions and author of a newly published book, “Five Times Faster,” discusses his experience as one of the United Kingdom’s senior climate diplomats, and the frustrations, and alarm, that accompany the less than adequate pace of emissions reductions to date. Sharpe discusses his book’s exploration of the scientific, economic and diplomatic realities that have prevented rapid progress toward a net-zero global economy, and offers suggestions for constructive collaboration to accelerate the transition to cleaner forms of energy. Simon Sharpe is Director of Economics for the UNFCCC Climate Champions, and a Senior Fellow at the World Resources Institute. Energy Policy Now is produced by <a href="http://kleinmanenergy.upenn.edu/" rel="nofollow" target="_blank">The Kleinman Center for Energy Policy</a> at the University of Pennsylvania. For all things energy policy, visit <a href="http://kleinmanenergy.upenn.edu/" rel="nofollow" target="_blank">kleinmanenergy.upenn.edu</a> Related Content <a href="https://kleinmanenergy.upenn.edu/research/publications/the-net-zero-governance-conveyor-belt/" rel="nofollow" target="_blank">The Net Zero Governance Conveyor Belt</a> <a href="https://kleinmanenergy.upenn.edu/research/publications/the-net-zero-governance-conveyor-belt/" rel="nofollow" target="_blank">https://kleinmanenergy.upenn.edu/research/publications/the-net-zero-governance-conveyor-belt/</a> <a href="https://kleinmanenergy.upenn.edu/podcast/nicholas-stern-on-the-role-of-economics-in-combating-climate-change/" rel="nofollow" target="_blank">Nicholas Stern on the Role of Economics in Combating Climate Change</a> <a href="https://kleinmanenergy.upenn.edu/podcast/nicholas-stern-on-the-role-of-economics-in-combating-climate-change/" rel="nofollow" target="_blank">https://kleinmanenergy.upenn.edu/podcast/nicholas-stern-on-the-role-of-economics-in-combating-climate-change/</a> <a href="https://kleinmanenergy.upenn.edu/research/publications/have-we-reached-peak-carbon-emissions/" rel="nofollow" target="_blank">Have We Reached Peak Carbon Emissions?</a> <a href="https://kleinmanenergy.upenn.edu/research/publications/have-we-reached-peak-carbon-emissions/" rel="nofollow" target="_blank">https://kleinmanenergy.upenn.edu/research/publications/have-we-reached-peak-carbon-emissions/</a>See <a href="https://omnystudio.com/listener" rel="nofollow" target="_blank">omnystudio.com/listener</a> for privacy information.

Accelerating Climate Action

New research examines the relationship between climate change-related events and returns on green investment, and why returns for green stocks might lag those of brown. --- At first look it would seem to make sense that, as climate concerns grow, green investments would outperform investments in dirty industries. To put this into an energy context, as policymakers require more renewable energy to be deployed, and as investors flock to companies with low climate impacts and risks, the value of those companies would substantially increase, rewarding investors through higher returns. Yet recent research suggests that this assumption may not be true. Or, at least, that the story isn’t as clear cut as one might intuitively expect. Luke Taylor, a professor of finance at the Wharton School, explores the drivers of green returns. In new research, Taylor and coauthors look at the past decade of returns on ESG portfolios, and at how environmental policies, and investor demand for all things green, combined to influence returns on green stocks. Luke Taylor is a professor of finance at the Wharton School at the University of Pennsylvania. His recent research paper is “Dissecting Green Returns.”   Energy Policy Now is produced by The Kleinman Center for Energy Policy at the University of Pennsylvania. For all things energy policy, visit kleinmanenergy.upenn.eduSee omnystudio.com/listener for privacy information.

New research examines the relationship between climate change-related events and returns on green investment, and why returns for green stocks might lag those of brown. --- At first look it would seem to make sense that, as climate concerns grow, green investments would outperform investments in dirty industries. To put this into an energy context, as policymakers require more renewable energy to be deployed, and as investors flock to companies with low climate impacts and risks, the value of those companies would substantially increase, rewarding investors through higher returns. Yet recent research suggests that this assumption may not be true. Or, at least, that the story isn’t as clear cut as one might intuitively expect. Luke Taylor, a professor of finance at the Wharton School, explores the drivers of green returns. In new research, Taylor and coauthors look at the past decade of returns on ESG portfolios, and at how environmental policies, and investor demand for all things green, combined to influence returns on green stocks. Luke Taylor is a professor of finance at the Wharton School at the University of Pennsylvania. His recent research paper is “Dissecting Green Returns.” Energy Policy Now is produced by The Kleinman Center for Energy Policy at the University of Pennsylvania. For all things energy policy, visit <a href="http://kleinmanenergy.upenn.edu" rel="nofollow" target="_blank">kleinmanenergy.upenn.edu</a>See <a href="https://omnystudio.com/listener" rel="nofollow" target="_blank">omnystudio.com/listener</a> for privacy information.

Climate Shocks and Green Returns

Energy Policy Now offers clear talk on the policy issues that define our relationship to energy and its impact on society and the environment. The series is produced by the Kleinman Center for Energy Policy at the University of Pennsylvania and hosted by energy journalist Andy Stone. Join Andy in conversation with leaders from industry, government, and academia as they shed light on today's pressing energy policy debates.

What the FERC

Great podcast. Informative but not to long. Easy to learn about the issues.

Love it

Energy Policy Now

The Energy Department’s proposal to shore up coal and nuclear power plants could undermine the very foundations of competitive electricity markets. PJM Interconnection’s Stu Bresler, SVP for Operations and Markets, weighs in on DOE’s proposal, and explains PJM’s price formation alternative. --- In October, Department of Energy secretary Rick Perry grabbed the attention of US competitive wholesale electricity markets when he issued an unusual request to the federal agency tasked with overseeing these markets, the Federal Energy Regulatory Commission. Perry’s proposal, known as the resiliency NOPR (or Notice of Proposed Rulemaking), asked that subsidies be paid to electricity generators that the Energy Department maintains are critical to the resilient operation of the electricity system. More specifically, the subsidies would go to coal and nuclear power plants that can store a 90-day supply of fuel on-site. DOE maintains that this would ensure the plants’ continued operation in the event of fuel supply disruptions, for example during extreme weather. But the move to favor certain generators threatens to undermine competitive market principles that are the foundation of electricity markets. It could also disadvantage other forms of generation, mainly natural gas and renewables which, the Energy Secretary maintains, are less resilient. PJM Interconnection, the largest competitive electricity market, has been outspoken in its concerns around the DOE proposal and the resiliency assumptions that underlie it. In this episode, PJM’s Stu Bresler, Senior Vice President for Operations and Markets, presents PJM’s alternative proposal, which aims to reform the way prices are set in energy markets. Critically from PJM’s perspective, it’s price formation reforms would preserve market-based principles. PJM’s proposed plan would increase revenues to electric generators, ultimately benefitting the same endangered coal and nuclear plants that the DOE aims to support. The Kleinman Center’s Christina Simeone, Director of Policy and External Affairs, who has written extensively on issues related to PJM, and handles the questioning. Related Content Initial Questions on PJM’s Price Formation Proposal http://kleinmanenergy.upenn.edu/blog/2017/11/21/initial-questions-pjm’s-price-formation-proposal What the Heck is “Enhanced Price Formation” in PJM http://kleinmanenergy.upenn.edu/blog/2017/11/21/what-heck-“enhanced-price-formation”-pjm PJM Governance http://kleinmanenergy.upenn.edu/paper/pjm-governance Department of Energy Grid Resiliency Pricing Rule NOPR https://www.energy.gov/sites/prod/files/2017/09/f37/Notice%20of%20Proposed%20Rulemaking%20.pdf Initial Comments of PJM Interconnection, L.L.C. on the United States Department of Energy Proposed Rule http://www.pjm.com/-/media/documents/ferc/filings/2017/20171023-rm-18-1-000.ashx DOE Staff Report to the Secretary on Electricity Markets and Reliability https://energy.gov/downloads/download-staff-report-secretary-electricity-markets-and-reliabilitySee omnystudio.com/listener for privacy information.

The Energy Department’s proposal to shore up coal and nuclear power plants could undermine the very foundations of competitive electricity markets. PJM Interconnection’s Stu Bresler, SVP for Operations and Markets, weighs in on DOE’s proposal, and explains PJM’s price formation alternative. --- In October, Department of Energy secretary Rick Perry grabbed the attention of US competitive wholesale electricity markets when he issued an unusual request to the federal agency tasked with overseeing these markets, the Federal Energy Regulatory Commission. Perry’s proposal, known as the resiliency NOPR (or Notice of Proposed Rulemaking), asked that subsidies be paid to electricity generators that the Energy Department maintains are critical to the resilient operation of the electricity system. More specifically, the subsidies would go to coal and nuclear power plants that can store a 90-day supply of fuel on-site. DOE maintains that this would ensure the plants’ continued operation in the event of fuel supply disruptions, for example during extreme weather. But the move to favor certain generators threatens to undermine competitive market principles that are the foundation of electricity markets. It could also disadvantage other forms of generation, mainly natural gas and renewables which, the Energy Secretary maintains, are less resilient. PJM Interconnection, the largest competitive electricity market, has been outspoken in its concerns around the DOE proposal and the resiliency assumptions that underlie it. In this episode, PJM’s Stu Bresler, Senior Vice President for Operations and Markets, presents PJM’s alternative proposal, which aims to reform the way prices are set in energy markets. Critically from PJM’s perspective, it’s price formation reforms would preserve market-based principles. PJM’s proposed plan would increase revenues to electric generators, ultimately benefitting the same endangered coal and nuclear plants that the DOE aims to support. The Kleinman Center’s Christina Simeone, Director of Policy and External Affairs, who has written extensively on issues related to PJM, and handles the questioning. Related Content Initial Questions on PJM’s Price Formation Proposal <a href="http://kleinmanenergy.upenn.edu/blog/2017/11/21/initial-questions-pjm’s-price-formation-proposal" rel="nofollow" target="_blank">http://kleinmanenergy.upenn.edu/blog/2017/11/21/initial-questions-pjm’s-price-formation-proposal</a> What the Heck is “Enhanced Price Formation” in PJM <a href="http://kleinmanenergy.upenn.edu/blog/2017/11/21/what-heck-“enhanced-price-formation”-pjm" rel="nofollow" target="_blank">http://kleinmanenergy.upenn.edu/blog/2017/11/21/what-heck-“enhanced-price-formation”-pjm</a> PJM Governance <a href="http://kleinmanenergy.upenn.edu/paper/pjm-governance" rel="nofollow" target="_blank">http://kleinmanenergy.upenn.edu/paper/pjm-governance</a> Department of Energy Grid Resiliency Pricing Rule NOPR <a href="https://www.energy.gov/sites/prod/files/2017/09/f37/Notice%20of%20Proposed%20Rulemaking%20.pdf" rel="nofollow" target="_blank">https://www.energy.gov/sites/prod/files/2017/09/f37/Notice%20of%20Proposed%20Rulemaking%20.pdf</a> Initial Comments of PJM Interconnection, L.L.C. on the United States Department of Energy Proposed Rule <a href="http://www.pjm.com/-/media/documents/ferc/filings/2017/20171023-rm-18-1-000.ashx" rel="nofollow" target="_blank">http://www.pjm.com/-/media/documents/ferc/filings/2017/20171023-rm-18-1-000.ashx</a> DOE Staff Report to the Secretary on Electricity Markets and Reliability <a href="https://energy.gov/downloads/download-staff-report-secretary-electricity-markets-and-reliability" rel="nofollow" target="_blank">https://energy.gov/downloads/download-staff-report-secretary-electricity-markets-and-reliability</a>See <a href="https://omnystudio.com/listener" rel="nofollow" target="_blank">omnystudio.com/listener</a> for privacy information.

Grid Operator PJM Talks Details of Energy Price Formation

New energy storage technologies are increasingly connecting to the electric grid, but it’s not clear that current rules in electricity markets are designed to help storage and new distributed energy resources (DER) participate as fully as other generation. The federal government’s electricity market regulator, FERC, has issued a notice with proposed rules that could create new opportunities for deployment and investment but also raise questions for stakeholders to address.See omnystudio.com/listener for privacy information.

New energy storage technologies are increasingly connecting to the electric grid, but it’s not clear that current rules in electricity markets are designed to help storage and new distributed energy resources (DER) participate as fully as other generation. The federal government’s electricity market regulator, FERC, has issued a notice with proposed rules that could create new opportunities for deployment and investment but also raise questions for stakeholders to address.See <a href="https://omnystudio.com/listener" rel="nofollow" target="_blank">omnystudio.com/listener</a> for privacy information.

Advancing Energy Storage

Recent financial bailouts of nuclear reactors in New York and Illinois highlight the conflict between states’ environmental goals and the integrity of electricity markets. As more states weigh subsidies, debate over their market impact and legality expand. --- In 2016 New York and Illinois became the first states to provide direct subsidies to the nuclear power industry, with the goal of keeping economically uncompetitive reactors operating within their borders. The states deemed the nuclear plants, which generate electricity without producing carbon dioxide, as critical to their efforts to limit greenhouse gas emissions that contribute to global warming. Yet the bailouts proved contentious in the two states, and the controversy over subsidies is now spreading to a handful of other states weighing similar bailouts. Opponents object to subsidies cost, and argue that they may discourage investment in other new forms of generation, such as natural gas and renewables. And the very legality of the bailouts is now being reviewed in court. In this episode, Christina Simeone, the Kleinman Center’s Director of Regulatory and External Affairs, and David Cherney, an energy industry advisor in the Energy &amp; Utilities Practice at PA Consulting Group in Denver, will examine the roots of nuclear’s financial woes, and the widening debate around nuclear power’s role in decarbonization of the electricity sector. Christina Simeone is Director of Policy and External Affairs at the Kleinman Center for Energy Policy at the University of Pennsylvania. She is a past Director of the PennFuture Energy Center for Enterprise and Environment. She also worked for the Pennsylvania Department of Environmental Protection and was Policy Director at the Alliance for Climate Protection. David Cherney’s work at PA Consulting Group spans public policy analysis, energy infrastructure investment, and utility strategy. He has also worked as an Adjunct Professor in Public Policy at the University of Denver’s Josef Korbel School of International Studies and as a Teaching Fellow at Yale University.See omnystudio.com/listener for privacy information.

Recent financial bailouts of nuclear reactors in New York and Illinois highlight the conflict between states’ environmental goals and the integrity of electricity markets. As more states weigh subsidies, debate over their market impact and legality expand. --- In 2016 New York and Illinois became the first states to provide direct subsidies to the nuclear power industry, with the goal of keeping economically uncompetitive reactors operating within their borders. The states deemed the nuclear plants, which generate electricity without producing carbon dioxide, as critical to their efforts to limit greenhouse gas emissions that contribute to global warming. Yet the bailouts proved contentious in the two states, and the controversy over subsidies is now spreading to a handful of other states weighing similar bailouts. Opponents object to subsidies cost, and argue that they may discourage investment in other new forms of generation, such as natural gas and renewables. And the very legality of the bailouts is now being reviewed in court. In this episode, Christina Simeone, the Kleinman Center’s Director of Regulatory and External Affairs, and David Cherney, an energy industry advisor in the Energy &amp; Utilities Practice at PA Consulting Group in Denver, will examine the roots of nuclear’s financial woes, and the widening debate around nuclear power’s role in decarbonization of the electricity sector. Christina Simeone is Director of Policy and External Affairs at the Kleinman Center for Energy Policy at the University of Pennsylvania. She is a past Director of the PennFuture Energy Center for Enterprise and Environment. She also worked for the Pennsylvania Department of Environmental Protection and was Policy Director at the Alliance for Climate Protection. David Cherney’s work at PA Consulting Group spans public policy analysis, energy infrastructure investment, and utility strategy. He has also worked as an Adjunct Professor in Public Policy at the University of Denver’s Josef Korbel School of International Studies and as a Teaching Fellow at Yale University.See <a href="https://omnystudio.com/listener" rel="nofollow" target="_blank">omnystudio.com/listener</a> for privacy information.

Can Nuclear Bailouts and Electricity Markets Coexist?

After a decade of false starts, the U.S. offshore wind industry is poised for real growth. The Chief of the U.S. Bureau of Ocean Energy Management’s renewables office takes a look at offshore wind’s future. --- After years of high hopes but little development, the U.S. offshore wind industry finally seems poised for growth following a series of major offshore project announcements this year. In May and June, the states of Massachusetts, Rhode Island and Connecticut selected a combined 1,400 MW of offshore wind projects for contract negotiation. When complete, they’ll generate enough electricity to power 200,000 homes and help the states meet their clean energy and climate goals. The projects are all the more noteworthy given that there is currently just a single, small offshore wind farm operating in U.S. waters. Guest Jim Bennett heads the Office of Renewable Energy Programs at the U.S. Bureau of Ocean Energy Management, and is the individual charged with overseeing the federal government’s involvement in developing the United States’ offshore renewable energy resources. Bennett offers his insights into what’s driving recent investment in US offshore wind energy, the challenges to offshore wind development, and the potential for the offshore industry to become a vital, economically competitive source of clean electricity. Also featured is Brandon Burke, Brandon Burke, an attorney, offshore wind researcher, and soon to be master’s graduate from the University of Pennsylvania. Related Content Tilting at Windmills https://kleinmanenergy.upenn.edu/policy-digests/tilting-windmills New FERC Rule Grows Clean Energy’s Role in Grid Resilience https://kleinmanenergy.upenn.edu/blog/2018/02/21/new-ferc-rule-grows-clean-energys-role-grid-resilience Clean Energy Costs Continue to Fall https://kleinmanenergy.upenn.edu/blog/2018/01/22/clean-energy-costs-continue-fallSee omnystudio.com/listener for privacy information.

After a decade of false starts, the U.S. offshore wind industry is poised for real growth. The Chief of the U.S. Bureau of Ocean Energy Management’s renewables office takes a look at offshore wind’s future. --- After years of high hopes but little development, the U.S. offshore wind industry finally seems poised for growth following a series of major offshore project announcements this year. In May and June, the states of Massachusetts, Rhode Island and Connecticut selected a combined 1,400 MW of offshore wind projects for contract negotiation. When complete, they’ll generate enough electricity to power 200,000 homes and help the states meet their clean energy and climate goals. The projects are all the more noteworthy given that there is currently just a single, small offshore wind farm operating in U.S. waters. Guest Jim Bennett heads the Office of Renewable Energy Programs at the U.S. Bureau of Ocean Energy Management, and is the individual charged with overseeing the federal government’s involvement in developing the United States’ offshore renewable energy resources. Bennett offers his insights into what’s driving recent investment in US offshore wind energy, the challenges to offshore wind development, and the potential for the offshore industry to become a vital, economically competitive source of clean electricity. Also featured is Brandon Burke, Brandon Burke, an attorney, offshore wind researcher, and soon to be master’s graduate from the University of Pennsylvania. Related Content Tilting at Windmills <a href="https://kleinmanenergy.upenn.edu/policy-digests/tilting-windmills" rel="nofollow" target="_blank">https://kleinmanenergy.upenn.edu/policy-digests/tilting-windmills</a> New FERC Rule Grows Clean Energy’s Role in Grid Resilience <a href="https://kleinmanenergy.upenn.edu/blog/2018/02/21/new-ferc-rule-grows-clean-energys-role-grid-resilience" rel="nofollow" target="_blank">https://kleinmanenergy.upenn.edu/blog/2018/02/21/new-ferc-rule-grows-clean-energys-role-grid-resilience</a> Clean Energy Costs Continue to Fall <a href="https://kleinmanenergy.upenn.edu/blog/2018/01/22/clean-energy-costs-continue-fall" rel="nofollow" target="_blank">https://kleinmanenergy.upenn.edu/blog/2018/01/22/clean-energy-costs-continue-fall</a>See <a href="https://omnystudio.com/listener" rel="nofollow" target="_blank">omnystudio.com/listener</a> for privacy information.

U.S. Offshore Wind Industry Arrives

Distributed energy technologies like rooftop solar are eating away at electric utilities’ business. Can utilities adapt, and at what cost to consumers? -- Rooftop solar attracts homeowners with the promise of electricity savings and environmental benefits. Yet every kilowatt hour of electricity generated at home translates into an equivalent amount of electricity no longer sold by a traditional electric utility. As utilities face the prospect of flat and even declining electricity revenue, concerns over their future economic health, and the reliability of the electric power supply we’ve long taken for granted, have been called increasingly into question. Sonny Popowsky, former Consumer Advocate for Pennsylvania and advisory board member of the Kleinman Center for Energy Policy explores how utilities might adapt to the challenge of distributed energy and energy efficiency, and the costs their survival could bring to ratepayers. Sonny Popowsky served as the Consumer Advocate of Pennsylvania from 1990 to 2012. He served as the President of the National Association of State Utility Consumer Advocates (NASUCA) from 1996 to 1998 and was previously Chairman of the NASUCA Electric Committee. Mr. Popowsky served on the Board of Trustees of the NorthAmerican Electric Reliability Council (NERC) from 1997 to 2001 and the NERC Stakeholders Committee from2001 to 2006. In 2010, Mr. Popowsky was appointed to the Department of Energy’s Electricity Advisory Committee and was named Vice Chair of that Committee in 2012. Mr. Popowsky also currently serves on the Advisory Council of the Electric Power Research Institute (EPRI), the Board of Directors of the Energy Coordinating Agency of Philadelphia, the Executive Council of the Pennsylvania AARP, and as a pro bono member of the Certification Decision Committee of the Center for Sustainable Shale Development.See omnystudio.com/listener for privacy information.

Distributed energy technologies like rooftop solar are eating away at electric utilities’ business. Can utilities adapt, and at what cost to consumers? -- Rooftop solar attracts homeowners with the promise of electricity savings and environmental benefits. Yet every kilowatt hour of electricity generated at home translates into an equivalent amount of electricity no longer sold by a traditional electric utility. As utilities face the prospect of flat and even declining electricity revenue, concerns over their future economic health, and the reliability of the electric power supply we’ve long taken for granted, have been called increasingly into question. Sonny Popowsky, former Consumer Advocate for Pennsylvania and advisory board member of the Kleinman Center for Energy Policy explores how utilities might adapt to the challenge of distributed energy and energy efficiency, and the costs their survival could bring to ratepayers. Sonny Popowsky served as the Consumer Advocate of Pennsylvania from 1990 to 2012. He served as the President of the National Association of State Utility Consumer Advocates (NASUCA) from 1996 to 1998 and was previously Chairman of the NASUCA Electric Committee. Mr. Popowsky served on the Board of Trustees of the NorthAmerican Electric Reliability Council (NERC) from 1997 to 2001 and the NERC Stakeholders Committee from2001 to 2006. In 2010, Mr. Popowsky was appointed to the Department of Energy’s Electricity Advisory Committee and was named Vice Chair of that Committee in 2012. Mr. Popowsky also currently serves on the Advisory Council of the Electric Power Research Institute (EPRI), the Board of Directors of the Energy Coordinating Agency of Philadelphia, the Executive Council of the Pennsylvania AARP, and as a pro bono member of the Certification Decision Committee of the Center for Sustainable Shale Development.See <a href="https://omnystudio.com/listener" rel="nofollow" target="_blank">omnystudio.com/listener</a> for privacy information.

Distributed Energy: Utilities' Existential Challenge?

A number of states are pushing legislation that would require 100% renewable energy supply. But challenges ranging from high costs to the duck curve could make such targets hard to reach. --- A number of states are taking it upon themselves to lower carbon emissions by adopting aggressive clean energy targets. In states like California, Washington, and Massachusetts, lawmakers are considering legislation requiring utilities to get 100% of their electricity from renewable sources. California already generates two-thirds of its power from renewables on peak days, while in Iowa, wind produces a third of the state’s overall electricity. Yet as renewable energy grows in popularity, the falling costs that helped fuel growth can get turned on their head, and overall costs can begin to rise. At the same time, the incremental environmental benefits of renewables can diminish as more wind and solar connect to the grid. Guest Karl Hausker, senior fellow at the Kleinman Center and author of the Risky Business Project report “From Risk to Return, Investing in a Clean Energy Economy,” looks at the pathway to widespread renewable energy with an eye on likely economic and political challenges along the way. Karl Hausker is a senior fellow with the Kleinman Center for Energy Policy and a senior fellow with the World Resources Institute’s Global Climate program. Related Content: Power Over the Twenty-First Century Electric Grid https://kleinmanenergy.upenn.edu/policy-digests/power-over-twenty-first-century-electric-grid Energy Storage in PJM. https://kleinmanenergy.upenn.edu/paper/energy-storage-pjm FERC Clean Energy Policy Roundup. https://kleinmanenergy.upenn.edu/blog/2018/03/29/ferc-clean-energy-policy-roundupSee omnystudio.com/listener for privacy information.

A number of states are pushing legislation that would require 100% renewable energy supply. But challenges ranging from high costs to the duck curve could make such targets hard to reach. --- A number of states are taking it upon themselves to lower carbon emissions by adopting aggressive clean energy targets. In states like California, Washington, and Massachusetts, lawmakers are considering legislation requiring utilities to get 100% of their electricity from renewable sources. California already generates two-thirds of its power from renewables on peak days, while in Iowa, wind produces a third of the state’s overall electricity. Yet as renewable energy grows in popularity, the falling costs that helped fuel growth can get turned on their head, and overall costs can begin to rise. At the same time, the incremental environmental benefits of renewables can diminish as more wind and solar connect to the grid. Guest Karl Hausker, senior fellow at the Kleinman Center and author of the Risky Business Project report “From Risk to Return, Investing in a Clean Energy Economy,” looks at the pathway to widespread renewable energy with an eye on likely economic and political challenges along the way. Karl Hausker is a senior fellow with the Kleinman Center for Energy Policy and a senior fellow with the World Resources Institute’s Global Climate program. Related Content: Power Over the Twenty-First Century Electric Grid <a href="https://kleinmanenergy.upenn.edu/policy-digests/power-over-twenty-first-century-electric-grid" rel="nofollow" target="_blank">https://kleinmanenergy.upenn.edu/policy-digests/power-over-twenty-first-century-electric-grid</a> Energy Storage in PJM. <a href="https://kleinmanenergy.upenn.edu/paper/energy-storage-pjm" rel="nofollow" target="_blank">https://kleinmanenergy.upenn.edu/paper/energy-storage-pjm</a> FERC Clean Energy Policy Roundup. <a href="https://kleinmanenergy.upenn.edu/blog/2018/03/29/ferc-clean-energy-policy-roundup" rel="nofollow" target="_blank">https://kleinmanenergy.upenn.edu/blog/2018/03/29/ferc-clean-energy-policy-roundup</a>See <a href="https://omnystudio.com/listener" rel="nofollow" target="_blank">omnystudio.com/listener</a> for privacy information.

Are 100% Renewable Energy Targets Realistic?

How much should countries spend today to avoid climate change impacts that may be far into the future? A renown economist discusses the emerging discipline of climate economics and explores means of efficiently putting mitigation funds to work. --- How much will global warming cost future generations, and how much should we pay today to avoid the damage a warming climate will cause? Economist Per Krusell, a visiting scholar at the Kleinman Center for Energy Policy and member of the Nobel Prize for Economics Committee within the Royal Swedish Academy of Sciences, discusses the challenge of accurately pricing future damages expected to arise from climate change, and how future costs are reflected through the social cost of carbon. Krusell also highlights how climate economics attempts to guide policymakers toward strategies that make best use of limited climate mitigation funds. Per Krusell is Professor of Economics at Stockholm University. His research focuses broadly on macroeconomics, and the impacts that result from technological change and economic policy. He’s working on a long-term project on the interaction between climate change and the economy.See omnystudio.com/listener for privacy information.

How much should countries spend today to avoid climate change impacts that may be far into the future? A renown economist discusses the emerging discipline of climate economics and explores means of efficiently putting mitigation funds to work. --- How much will global warming cost future generations, and how much should we pay today to avoid the damage a warming climate will cause? Economist Per Krusell, a visiting scholar at the Kleinman Center for Energy Policy and member of the Nobel Prize for Economics Committee within the Royal Swedish Academy of Sciences, discusses the challenge of accurately pricing future damages expected to arise from climate change, and how future costs are reflected through the social cost of carbon. Krusell also highlights how climate economics attempts to guide policymakers toward strategies that make best use of limited climate mitigation funds. Per Krusell is Professor of Economics at Stockholm University. His research focuses broadly on macroeconomics, and the impacts that result from technological change and economic policy. He’s working on a long-term project on the interaction between climate change and the economy.See <a href="https://omnystudio.com/listener" rel="nofollow" target="_blank">omnystudio.com/listener</a> for privacy information.

The Economics of Climate Change

Former FERC Commissioner Colette Honorable explains the work of the Federal Energy Regulatory Commission, and its often contentious role in shaping the future of U.S. electricity and natural gas systems.---Fundamental changes are taking place across the U.S. energy landscape.  The growth of shale natural gas has changed the mix of fuels used to generate the nation’s electricity, with natural gas surpassing coal as the fuel of choice.  At the same time, growing concern over climate change has incentivized the development of clean energy technologies and further altered the nation’s energy mix.Yet rapid change has brought conflict, particularly between the states and the federal government over their respective roles in defining the future of our energy system.  In the electricity sector, state efforts to support renewable and nuclear power threaten the integrity of electricity markets and federal authority to shape them.  In the gas industry, federal regulators have approved a web of new pipelines to transport shale natural gas around the country, only to see some projects stall over state environmental and climate concerns.Former FERC commissioner Colette Honorable discusses the government agency that finds itself at the center of many of today’s most critical energy debates.  The Federal Energy Regulatory Commission, also known as the FERC, is charged with regulating the interstate commerce of natural gas and electricity.  Its role extends from oversight of wholesale electricity markets to environmental review of natural gas pipelines.  This episode covers FERC, its history and mandate.  The May 15, 2019 episode will take a closer look at the key debates now embroiling the Commission.  Colette Honorable served as a FERC commissioner from 2015 to 2017.  She is now a partner in the Energy and Natural Resources Group with the Reed Smith law firm in Washington DC.  ---Related ContentPennsylvania’s ZEC Bill Reveal. https://kleinmanenergy.upenn.edu/paper/reconciling-subsidized-resourcesA Market for Primary Frequency Response? https://kleinmanenergy.upenn.edu/paper/market-primary-frequency-responseReconciling Subsidized Resources In PJM’s Competitive Electricity Markets  https://kleinmanenergy.upenn.edu/paper/reconciling-subsidized-resourcesSee omnystudio.com/listener for privacy information.

Former FERC Commissioner Colette Honorable explains the work of the Federal Energy Regulatory Commission, and its often contentious role in shaping the future of U.S. electricity and natural gas systems. --- Fundamental changes are taking place across the U.S. energy landscape.  The growth of shale natural gas has changed the mix of fuels used to generate the nation’s electricity, with natural gas surpassing coal as the fuel of choice.  At the same time, growing concern over climate change has incentivized the development of clean energy technologies and further altered the nation’s energy mix. Yet rapid change has brought conflict, particularly between the states and the federal government over their respective roles in defining the future of our energy system.  In the electricity sector, state efforts to support renewable and nuclear power threaten the integrity of electricity markets and federal authority to shape them.  In the gas industry, federal regulators have approved a web of new pipelines to transport shale natural gas around the country, only to see some projects stall over state environmental and climate concerns. Former FERC commissioner Colette Honorable discusses the government agency that finds itself at the center of many of today’s most critical energy debates.  The Federal Energy Regulatory Commission, also known as the FERC, is charged with regulating the interstate commerce of natural gas and electricity.  Its role extends from oversight of wholesale electricity markets to environmental review of natural gas pipelines.  This episode covers FERC, its history and mandate.  The May 15, 2019 episode will take a closer look at the key debates now embroiling the Commission.  Colette Honorable served as a FERC commissioner from 2015 to 2017.  She is now a partner in the Energy and Natural Resources Group with the Reed Smith law firm in Washington DC.  --- Related Content Pennsylvania’s ZEC Bill Reveal. <a href="https://kleinmanenergy.upenn.edu/paper/reconciling-subsidized-resources" rel="nofollow" target="_blank">https://kleinmanenergy.upenn.edu/paper/reconciling-subsidized-resources</a>A Market for Primary Frequency Response? <a href="https://kleinmanenergy.upenn.edu/paper/market-primary-frequency-response" rel="nofollow" target="_blank">https://kleinmanenergy.upenn.edu/paper/market-primary-frequency-response</a>Reconciling Subsidized Resources In PJM’s Competitive Electricity Markets  <a href="https://kleinmanenergy.upenn.edu/paper/reconciling-subsidized-resources" rel="nofollow" target="_blank">https://kleinmanenergy.upenn.edu/paper/reconciling-subsidized-resources</a>See <a href="https://omnystudio.com/listener" rel="nofollow" target="_blank">omnystudio.com/listener</a> for privacy information.

What’s the FERC, and How is it Shaping Our Energy Future? (Part 1)

Owners of rooftop solar could soon begin selling power into wholesale electricity markets, the traditional domain of big coal, gas and nuclear generators. The catch: electricity markets need to get fully behind the switch. --- America’s electricity system is undergoing dramatic change, in particular as distributed energy resources – notably rooftop solar and battery storage – become more common. Taken in aggregate, total rooftop solar and electricity storage now equals the generation potential of several traditional power plants. As these resources grow more popular, their potential to impact the larger electricity system also grows. Accordingly, some in the electricity industry have recognized the potential for distributed energy to participate in the same competitive, wholesale electricity markets that have been the domain of large nuclear, gas and coal generators. Ari Peskoe, Senior Fellow in Electricity Law at the Harvard Law School Environmental Law Policy Program Initiative, weighs in on the growth opportunity that wholesale markets can provide to distributed electricity, and at the policy and economic challenges that remain to their participation in these markets. Ari Peskoe is a Visiting Scholar at the Kleinman Center for Energy Policy and Senior Fellow in Electricity Law at the Harvard Law School Environmental Law Policy Program Initiative. Earlier, as an energy attorney, he litigated cases before the Federal Energy Regulatory Commission. Related Content: So What Are Utilities Doing About Storage? http://kleinmanenergy.upenn.edu/blog/2017/10/27/so-what-are-utilities-doing-about-storage A Looming Bust for U.S. Solar Industry? http://kleinmanenergy.upenn.edu/blog/2017/09/25/looming-bust-us-solar-industry Examining the Role of Early-Stage Venture Capital Investment in Industry http://kleinmanenergy.upenn.edu/blog/2017/09/08/examining-role-early-stage-venture-capital-investment-energy Rate Decoupling and Economic and Design Considerations http://kleinmanenergy.upenn.edu/paper/rate-decoupling-and-economic-and-design-considerationsSee omnystudio.com/listener for privacy information.

Owners of rooftop solar could soon begin selling power into wholesale electricity markets, the traditional domain of big coal, gas and nuclear generators. The catch: electricity markets need to get fully behind the switch. --- America’s electricity system is undergoing dramatic change, in particular as distributed energy resources – notably rooftop solar and battery storage – become more common. Taken in aggregate, total rooftop solar and electricity storage now equals the generation potential of several traditional power plants. As these resources grow more popular, their potential to impact the larger electricity system also grows. Accordingly, some in the electricity industry have recognized the potential for distributed energy to participate in the same competitive, wholesale electricity markets that have been the domain of large nuclear, gas and coal generators. Ari Peskoe, Senior Fellow in Electricity Law at the Harvard Law School Environmental Law Policy Program Initiative, weighs in on the growth opportunity that wholesale markets can provide to distributed electricity, and at the policy and economic challenges that remain to their participation in these markets. Ari Peskoe is a Visiting Scholar at the Kleinman Center for Energy Policy and Senior Fellow in Electricity Law at the Harvard Law School Environmental Law Policy Program Initiative. Earlier, as an energy attorney, he litigated cases before the Federal Energy Regulatory Commission. Related Content: So What Are Utilities Doing About Storage? <a href="http://kleinmanenergy.upenn.edu/blog/2017/10/27/so-what-are-utilities-doing-about-storage" rel="nofollow" target="_blank">http://kleinmanenergy.upenn.edu/blog/2017/10/27/so-what-are-utilities-doing-about-storage</a> A Looming Bust for U.S. Solar Industry? <a href="http://kleinmanenergy.upenn.edu/blog/2017/09/25/looming-bust-us-solar-industry" rel="nofollow" target="_blank">http://kleinmanenergy.upenn.edu/blog/2017/09/25/looming-bust-us-solar-industry</a> Examining the Role of Early-Stage Venture Capital Investment in Industry <a href="http://kleinmanenergy.upenn.edu/blog/2017/09/08/examining-role-early-stage-venture-capital-investment-energy" rel="nofollow" target="_blank">http://kleinmanenergy.upenn.edu/blog/2017/09/08/examining-role-early-stage-venture-capital-investment-energy</a> Rate Decoupling and Economic and Design Considerations <a href="http://kleinmanenergy.upenn.edu/paper/rate-decoupling-and-economic-and-design-considerations" rel="nofollow" target="_blank">http://kleinmanenergy.upenn.edu/paper/rate-decoupling-and-economic-and-design-considerations</a>See <a href="https://omnystudio.com/listener" rel="nofollow" target="_blank">omnystudio.com/listener</a> for privacy information.

Distributed Energy's Wholesale Opportunity

Today's electric grid will need to be reimagined to deliver carbon-free power. MIT's Jesse Jenkins talks about what a deeply decarbonized electricity system might look like, and how to build it at lowest cost. --- In its 2014 report on global warming, the UN's Intergovernmental Panel on Climate Change concluded that carbon dioxide emissions must fall by as much as 70% by mid century to avoid the most "severe, pervasive and irreversible" damage from climate change. A key to reducing carbon emissions will be the near complete decarbonization of the global electricity system, which is today's largest source of greenhouse gasses, and remains largely dependent on fossil fuels. Kleinman Center Visiting Scholar Jesse Jenkins discusses the economics of building a 'deeply decarbonized' electricity system. Jesse, and a group of MIT engineers, have modeled future electricity systems to determine the mix of low carbon energy resources that will create tomorrow's most resilient, cost-effective, and low-carbon electricity systems. Their research is currently working its way through peer review and will be released later this year. Jesse Jenkins is a researcher with the Electric Power Systems Center at the Massachusetts Institute of Technology. He is former Director of the Breakthrough Institute's Energy and Climate Program, where he led research into energy, climate change and innovation policy. Related Content: Solar Industry Growth Set to Slow: https://kleinmanenergy.upenn.edu/blog/2018/01/23/solar-industry-growth-set-slow Clean Energy Costs Continue to Fall: https://kleinmanenergy.upenn.edu/blog/2018/01/22/clean-energy-costs-continue-fall Climate Policy in a Disorganized World: https://kleinmanenergy.upenn.edu/policy-digests/climate-policy-disorganized-world Tilting at Windmills: https://kleinmanenergy.upenn.edu/policy-digests/tilting-windmills A City Blazes Its Clean Energy Trail: https://kleinmanenergy.upenn.edu/energy-policy-now/city-blazes-its-clean-energy-trailSee omnystudio.com/listener for privacy information.

Today's electric grid will need to be reimagined to deliver carbon-free power. MIT's Jesse Jenkins talks about what a deeply decarbonized electricity system might look like, and how to build it at lowest cost. --- In its 2014 report on global warming, the UN's Intergovernmental Panel on Climate Change concluded that carbon dioxide emissions must fall by as much as 70% by mid century to avoid the most "severe, pervasive and irreversible" damage from climate change. A key to reducing carbon emissions will be the near complete decarbonization of the global electricity system, which is today's largest source of greenhouse gasses, and remains largely dependent on fossil fuels. Kleinman Center Visiting Scholar Jesse Jenkins discusses the economics of building a 'deeply decarbonized' electricity system. Jesse, and a group of MIT engineers, have modeled future electricity systems to determine the mix of low carbon energy resources that will create tomorrow's most resilient, cost-effective, and low-carbon electricity systems. Their research is currently working its way through peer review and will be released later this year. Jesse Jenkins is a researcher with the Electric Power Systems Center at the Massachusetts Institute of Technology. He is former Director of the Breakthrough Institute's Energy and Climate Program, where he led research into energy, climate change and innovation policy. Related Content: Solar Industry Growth Set to Slow: <a href="https://kleinmanenergy.upenn.edu/blog/2018/01/23/solar-industry-growth-set-slow" rel="nofollow" target="_blank">https://kleinmanenergy.upenn.edu/blog/2018/01/23/solar-industry-growth-set-slow</a> Clean Energy Costs Continue to Fall: <a href="https://kleinmanenergy.upenn.edu/blog/2018/01/22/clean-energy-costs-continue-fall" rel="nofollow" target="_blank">https://kleinmanenergy.upenn.edu/blog/2018/01/22/clean-energy-costs-continue-fall</a> Climate Policy in a Disorganized World: <a href="https://kleinmanenergy.upenn.edu/policy-digests/climate-policy-disorganized-world" rel="nofollow" target="_blank">https://kleinmanenergy.upenn.edu/policy-digests/climate-policy-disorganized-world</a> Tilting at Windmills: <a href="https://kleinmanenergy.upenn.edu/policy-digests/tilting-windmills" rel="nofollow" target="_blank">https://kleinmanenergy.upenn.edu/policy-digests/tilting-windmills</a> A City Blazes Its Clean Energy Trail: <a href="https://kleinmanenergy.upenn.edu/energy-policy-now/city-blazes-its-clean-energy-trail" rel="nofollow" target="_blank">https://kleinmanenergy.upenn.edu/energy-policy-now/city-blazes-its-clean-energy-trail</a>See <a href="https://omnystudio.com/listener" rel="nofollow" target="_blank">omnystudio.com/listener</a> for privacy information.

Envisioning a Low Carbon, Lowest Cost Grid

In 2016 the first shipment of U.S. liquefied natural gas left by tanker from a terminal on the Gulf coast. In the year since, U.S. LNG has made its way to customers around the globe, increasing competition in the gas market and threatening to loosen the grip of some suppliers on captive markets. Guest Anna Mikulska, Senior Fellow at the Kleinman Center for Energy Policy, talks about the globalization of the natural gas market, the competitiveness of U.S. exports and their implications for relationships abroad. Dr. Anna Mikulska is a senior fellow at the University of Pennsylvania’s Kleinman Center for Energy Policy and nonresident scholar in energy studies at the Baker Institute’s Center for Energy Studies at Rice University. Her research interests center around European energy markets and energy policy. She has presented papers at numerous national and international conferences and co-authored articles in the European Journal of Political Research and the Journal of Elections, Public Opinion and Parties, as well as a chapter in the “Introduction to American Government” textbook. Mikulska has served as a reviewer for numerous scholarly journals and was on the editorial board of the law review at Adam Mickiewicz University in Poland.See omnystudio.com/listener for privacy information.

In 2016 the first shipment of U.S. liquefied natural gas left by tanker from a terminal on the Gulf coast. In the year since, U.S. LNG has made its way to customers around the globe, increasing competition in the gas market and threatening to loosen the grip of some suppliers on captive markets. Guest Anna Mikulska, Senior Fellow at the Kleinman Center for Energy Policy, talks about the globalization of the natural gas market, the competitiveness of U.S. exports and their implications for relationships abroad. Dr. Anna Mikulska is a senior fellow at the University of Pennsylvania’s Kleinman Center for Energy Policy and nonresident scholar in energy studies at the Baker Institute’s Center for Energy Studies at Rice University. Her research interests center around European energy markets and energy policy. She has presented papers at numerous national and international conferences and co-authored articles in the European Journal of Political Research and the Journal of Elections, Public Opinion and Parties, as well as a chapter in the “Introduction to American Government” textbook. Mikulska has served as a reviewer for numerous scholarly journals and was on the editorial board of the law review at Adam Mickiewicz University in Poland.See <a href="https://omnystudio.com/listener" rel="nofollow" target="_blank">omnystudio.com/listener</a> for privacy information.

How U.S. LNG is Changing the Global Gas Market

Battery storage will play a central role in decarbonizing the nation’s electric grid, yet the rules by which batteries will compete in electricity markets have yet to be agreed upon.---The cost of battery electric storage technology is falling rapidly, creating opportunity for batteries to play a growing role in the nation’s electricity system and in the reduction of the grid’s carbon footprint. Last year, the regulator of the nation’s electricity markets, the Federal Energy Regulatory Commission, acknowledged the growing potential of storage when it established guidelines for batteries to fully, and profitably, take part in the nation’s electricity markets.A year later, however, a number of legal and regulatory challenges remain that could slow the growth of battery storage, and make it harder for the technology to achieve the economies of scale it will need to compete with traditional sources of electric power.Kleinman Center Senior Fellow Ken Kulak takes a look at the role of regulation in defining the future of energy storage and its ability to serve as a complement to carbon free energy. He also previews the upcoming FERC meeting where the agency is expected to rule on U.S. electricity markets’ plans to open their doors to full participation of battery storage.Ken Kulak is a partner at the law firm Morgan Lewis where he focuses on energy regulation and complex energy transactions. He is also a Senior Fellow here at the Kleinman Center for Energy Policy.Related Content Opportunities to Bridge the Funding Gap to Commercialize Cleantech Innovation https://kleinmanenergy.upenn.edu/blog/2019/07/17/opportunities-bridge-funding-gap-commercialize-cleantech-innovation-insights-2019Energy Storage in PJM https://kleinmanenergy.upenn.edu/paper/energy-storage-pjmThe Kleinman Center Explores Energy Storage https://kleinmanenergy.upenn.edu/blog/2019/04/09/kleinman-center-explores-energy-storageA Market for Primary Frequency Response?  https://kleinmanenergy.upenn.edu/paper/market-primary-frequency-responseSee omnystudio.com/listener for privacy information.

Battery storage will play a central role in decarbonizing the nation’s electric grid, yet the rules by which batteries will compete in electricity markets have yet to be agreed upon. --- The cost of battery electric storage technology is falling rapidly, creating opportunity for batteries to play a growing role in the nation’s electricity system and in the reduction of the grid’s carbon footprint. Last year, the regulator of the nation’s electricity markets, the Federal Energy Regulatory Commission, acknowledged the growing potential of storage when it established guidelines for batteries to fully, and profitably, take part in the nation’s electricity markets. A year later, however, a number of legal and regulatory challenges remain that could slow the growth of battery storage, and make it harder for the technology to achieve the economies of scale it will need to compete with traditional sources of electric power. Kleinman Center Senior Fellow Ken Kulak takes a look at the role of regulation in defining the future of energy storage and its ability to serve as a complement to carbon free energy. He also previews the upcoming FERC meeting where the agency is expected to rule on U.S. electricity markets’ plans to open their doors to full participation of battery storage. Ken Kulak is a partner at the law firm Morgan Lewis where he focuses on energy regulation and complex energy transactions. He is also a Senior Fellow here at the Kleinman Center for Energy Policy. Related Content  Opportunities to Bridge the Funding Gap to Commercialize Cleantech Innovation <a href="https://kleinmanenergy.upenn.edu/blog/2019/07/17/opportunities-bridge-funding-gap-commercialize-cleantech-innovation-insights-2019" rel="nofollow" target="_blank">https://kleinmanenergy.upenn.edu/blog/2019/07/17/opportunities-bridge-funding-gap-commercialize-cleantech-innovation-insights-2019</a> Energy Storage in PJM <a href="https://kleinmanenergy.upenn.edu/paper/energy-storage-pjm" rel="nofollow" target="_blank">https://kleinmanenergy.upenn.edu/paper/energy-storage-pjm</a> The Kleinman Center Explores Energy Storage <a href="https://kleinmanenergy.upenn.edu/blog/2019/04/09/kleinman-center-explores-energy-storage" rel="nofollow" target="_blank">https://kleinmanenergy.upenn.edu/blog/2019/04/09/kleinman-center-explores-energy-storage</a> A Market for Primary Frequency Response?  <a href="https://kleinmanenergy.upenn.edu/paper/market-primary-frequency-response" rel="nofollow" target="_blank">https://kleinmanenergy.upenn.edu/paper/market-primary-frequency-response</a> See <a href="https://omnystudio.com/listener" rel="nofollow" target="_blank">omnystudio.com/listener</a> for privacy information.

The Path Forward for Grid Electricity Storage

The current energy transition is fraught with economic and social implications, not to mention abundant political squabbles.  An economist looks at the past 200 years of global energy history and finds that difficult transitions are nothing new.---The world faces an urgent need to transform energy systems toward cleaner, renewable fuels.  Yet as challenging as the current energy transformation is, it’s worth noting that we’ve been through such momentous changes before. Over 250 years ago in England, coal fueled the start of the industrial revolution, opening the way to new economic growth and technological development that spread to many parts of the world.  In this episode an economist explores the extent to which energy has come to underpin modern economies, and how energy resources of all types have become inseparable from our everyday lives.  Jesús Fernández-Villaverdeis a professor of economics at the University of Pennsylvania.  He is also author of an upcoming book on global economic history, with a major focus on the role of energy in economic development.See omnystudio.com/listener for privacy information.

The current energy transition is fraught with economic and social implications, not to mention abundant political squabbles.  An economist looks at the past 200 years of global energy history and finds that difficult transitions are nothing new.---The world faces an urgent need to transform energy systems toward cleaner, renewable fuels.  Yet as challenging as the current energy transformation is, it’s worth noting that we’ve been through such momentous changes before. Over 250 years ago in England, coal fueled the start of the industrial revolution, opening the way to new economic growth and technological development that spread to many parts of the world.  In this episode an economist explores the extent to which energy has come to underpin modern economies, and how energy resources of all types have become inseparable from our everyday lives.  Jesús Fernández-Villaverdeis a professor of economics at the University of Pennsylvania.  He is also author of an upcoming book on global economic history, with a major focus on the role of energy in economic development.See <a href="https://omnystudio.com/listener" rel="nofollow" target="_blank">omnystudio.com/listener</a> for privacy information.

200 Years of Energy History in 30 Minutes (And What We Might Learn for the Future)

The Trump Administration has blamed the decline in America’s coal industry on a regulatory “war on coal.” Yet investor reaction to regulatory announcements doesn’t support that view. --- The U.S. coal industry has declined dramatically over the past decade, with output from the nation’s coal mines falling 35% from their peak. Today, coal-fired power plants generate just over a quarter of the nation’s electricity and have been surpassed by natural gas plants as the top source for electric power. A variety of narratives have been put forth to explain coal’s decline. None has been more politically charged than the “war on coal” narrative, advanced by the Trump Administration, that places blame on a set of Obama-era federal policies to reduce the environmental impact of coal.Guests Cary Coglianese, director of the Penn Program on Regulation and Dan Walters, Assistant Professor of Law at Penn State University, discuss new research that takes a close look at the impact of federal environmental regulation on the coal industry.  The research focuses on the reaction of investors to major regulatory announcements, and the extent to which federal energy and environmental policies have colored investors’ view of the future viability of the coal industry.  Coglianese and Walter's report, Whither the Regulatory War on Coal? Scapegoats, Saviors and Stock Market Reactions, is available on the website of the Kleinman Center for Energy Policy.Cary Coglianese is director of the Penn Program on Regulation at the University of Pennsylvania Law School. Dan Walters is an Assistant Professor of Law at Penn State University whose work focuses on energy and environmental law. Previously Dan was a Regulation Fellow at the Penn Program on Regulation.Related Content Betting on Climate Solutions: Why We Should Spread Our Chips https://kleinmanenergy.upenn.edu/paper/betting-climate-solutionsTeeming with Carbon Taxes https://kleinmanenergy.upenn.edu/blog/2019/08/12/teeming-carbon-taxesAs Clean Energy Surpasses Coal, U.S. Energy Transition Locks Into Place https://kleinmanenergy.upenn.edu/blog/2019/07/08/clean-energy-surpasses-coal-us-energy-transition-locks-placeSee omnystudio.com/listener for privacy information.

The Trump Administration has blamed the decline in America’s coal industry on a regulatory “war on coal.” Yet investor reaction to regulatory announcements doesn’t support that view. --- The U.S. coal industry has declined dramatically over the past decade, with output from the nation’s coal mines falling 35% from their peak. Today, coal-fired power plants generate just over a quarter of the nation’s electricity and have been surpassed by natural gas plants as the top source for electric power. A variety of narratives have been put forth to explain coal’s decline. None has been more politically charged than the “war on coal” narrative, advanced by the Trump Administration, that places blame on a set of Obama-era federal policies to reduce the environmental impact of coal.Guests Cary Coglianese, director of the Penn Program on Regulation and Dan Walters, Assistant Professor of Law at Penn State University, discuss new research that takes a close look at the impact of federal environmental regulation on the coal industry.  The research focuses on the reaction of investors to major regulatory announcements, and the extent to which federal energy and environmental policies have colored investors’ view of the future viability of the coal industry.  Coglianese and Walter's report, Whither the Regulatory War on Coal? Scapegoats, Saviors and Stock Market Reactions, is available on the website of the Kleinman Center for Energy Policy.Cary Coglianese is director of the Penn Program on Regulation at the University of Pennsylvania Law School. Dan Walters is an Assistant Professor of Law at Penn State University whose work focuses on energy and environmental law. Previously Dan was a Regulation Fellow at the Penn Program on Regulation.Related Content Betting on Climate Solutions: Why We Should Spread Our Chips <a href="https://kleinmanenergy.upenn.edu/paper/betting-climate-solutions" rel="nofollow" target="_blank">https://kleinmanenergy.upenn.edu/paper/betting-climate-solutions</a>Teeming with Carbon Taxes <a href="https://kleinmanenergy.upenn.edu/blog/2019/08/12/teeming-carbon-taxes" rel="nofollow" target="_blank">https://kleinmanenergy.upenn.edu/blog/2019/08/12/teeming-carbon-taxes</a>As Clean Energy Surpasses Coal, U.S. Energy Transition Locks Into Place <a href="https://kleinmanenergy.upenn.edu/blog/2019/07/08/clean-energy-surpasses-coal-us-energy-transition-locks-place" rel="nofollow" target="_blank">https://kleinmanenergy.upenn.edu/blog/2019/07/08/clean-energy-surpasses-coal-us-energy-transition-locks-place</a>See <a href="https://omnystudio.com/listener" rel="nofollow" target="_blank">omnystudio.com/listener</a> for privacy information.

Debunking the "War on Coal"

The airline industry accounts for two percent of global carbon emissions, and emissions are likely to increase as the popularity of air travel rises. Policymakers are increasingly working with airlines to find ways to limit emissions growth. But the diverse, global industry is difficult to regulate, and competitiveness issues abound. Megan Ryerson, professor of transportation at the University of Pennsylvania and an expert in environmental impacts of the air transportation system, provides insights into the airline industry’s environmental challenges and possible strategies to address its greenhouse emissions. Dr. Megan S. Ryerson is an Assistant Professor of City and Regional Planning and Electrical and Systems Engineering in the area of Transportation at the University of Pennsylvania. Her research focuses on the tradeoff between economic development and environmental impacts presented by the air transportation system and the design of resilient multimodal transportation system networks. She received her Ph.D. in Civil and Environmental Engineering from the University of California, Berkeley. Learn more: http://kleinmanenergy.upenn.edu/energy-policy-nowSee omnystudio.com/listener for privacy information.

The airline industry accounts for two percent of global carbon emissions, and emissions are likely to increase as the popularity of air travel rises. Policymakers are increasingly working with airlines to find ways to limit emissions growth. But the diverse, global industry is difficult to regulate, and competitiveness issues abound. Megan Ryerson, professor of transportation at the University of Pennsylvania and an expert in environmental impacts of the air transportation system, provides insights into the airline industry’s environmental challenges and possible strategies to address its greenhouse emissions. Dr. Megan S. Ryerson is an Assistant Professor of City and Regional Planning and Electrical and Systems Engineering in the area of Transportation at the University of Pennsylvania. Her research focuses on the tradeoff between economic development and environmental impacts presented by the air transportation system and the design of resilient multimodal transportation system networks. She received her Ph.D. in Civil and Environmental Engineering from the University of California, Berkeley. Learn more: <a href="http://kleinmanenergy.upenn.edu/energy-policy-now" rel="nofollow" target="_blank">http://kleinmanenergy.upenn.edu/energy-policy-now</a>See <a href="https://omnystudio.com/listener" rel="nofollow" target="_blank">omnystudio.com/listener</a> for privacy information.

The Airline Industry Eyes its Carbon Footprint

Carbon Capture and Storage has the potential to dramatically reduce the carbon emissions from the burning of coal. Yet the technology’s boosters need to overcome high costs, and major infrastructure challenges, if they’re to make a dent in emissions. --- Carbon capture and storage offers the promise of slashing carbon emissions from coal-fired power plants, and has been touted by some in the electricity industry as part of a basket of “clean coal” technologies that will dramatically reduce the fuel’s environmental impact and provide a lifeline to the U.S. coal sector. Yet CCS is the only clean coal technology that has yet to prove feasible at a scale, and existing CCS projects are few and far between. Kleinman Center for Energy Policy senior fellow John Quigley takes a look at efforts to reduce the technology’s cost and the relative lack of government support to date for CCS. Quigley also discusses CCS’s environmental promise and whether it can be deployed in time to make a positive climate impact. Guest John Quigley served as secretary of the Pennsylvania Department of Environmental Protection from January 2015 to May 2016 and as secretary of the Pennsylvania Department of Conservation and Natural Resources from 2009 to 2011. Quigley led some of the nation’s most advanced work on the potential of Carbon Capture and Storage under former Pennsylvania governor Ed Rendell. He is currently a senior fellow at the Kleinman Center for Energy Policy.See omnystudio.com/listener for privacy information.

Carbon Capture and Storage has the potential to dramatically reduce the carbon emissions from the burning of coal. Yet the technology’s boosters need to overcome high costs, and major infrastructure challenges, if they’re to make a dent in emissions. --- Carbon capture and storage offers the promise of slashing carbon emissions from coal-fired power plants, and has been touted by some in the electricity industry as part of a basket of “clean coal” technologies that will dramatically reduce the fuel’s environmental impact and provide a lifeline to the U.S. coal sector. Yet CCS is the only clean coal technology that has yet to prove feasible at a scale, and existing CCS projects are few and far between. Kleinman Center for Energy Policy senior fellow John Quigley takes a look at efforts to reduce the technology’s cost and the relative lack of government support to date for CCS. Quigley also discusses CCS’s environmental promise and whether it can be deployed in time to make a positive climate impact. Guest John Quigley served as secretary of the Pennsylvania Department of Environmental Protection from January 2015 to May 2016 and as secretary of the Pennsylvania Department of Conservation and Natural Resources from 2009 to 2011. Quigley led some of the nation’s most advanced work on the potential of Carbon Capture and Storage under former Pennsylvania governor Ed Rendell. He is currently a senior fellow at the Kleinman Center for Energy Policy.See <a href="https://omnystudio.com/listener" rel="nofollow" target="_blank">omnystudio.com/listener</a> for privacy information.

Carbon Capture's Clean Coal Ambition

As distributed energy grows, so does cyber risk to the grid. Two energy security experts discuss solutions. --- In recent months the threat of cyber attack on the nation’s electricity system has come into urgent focus. Earlier this year the FBI and Department of Homeland Security made public a series of cyberattacks that penetrated the control systems of several nuclear power stations. Another recent attack on a network of natural gas pipelines threatened fuel supply to gas-fired powerplants in the Eastern U.S. And both breaches came in the wake of a 2015 cyberattack on three Ukrainian electric utilities that left more than 200,000 people without power. Yet even as awareness of cyber threats has risen, vulnerability to such attacks continues to grow. At the distribution level, behind the meter technologies like rooftop solar, battery storage and demand response make the electric system more efficient, but also provide attackers with new points of entry into an electric system that was, by and large, built without cyberthreats in mind. Cybersecurity experts Bill Hederman and Steve Kunsman discuss the cyber vulnerabilities of the electric distribution system, and political and technological means of addressing cyber risk. Guest Bill Hederman is a Senior Fellow with the Kleinman Center for Energy Policy and a former senior advisor to the U.S. Secretary of Energy of during the Obama administration. He was also founder of the Federal Energy Regulatory Commission’s Office of Market Oversight and Investigations. Steve Kunsman is Chairman of the Cyber Security Subcommittee at the Institute of Electrical and Electronics Engineers (IEEE). He is also Director of Product Management and Applications at ABB North America. Related Content: Big Advance for Cybersecurity Also Important for Energy Cybersecurity https://kleinmanenergy.upenn.edu/blog/2017/11/15/big-advance-cybersecurity-also-important-energy-cybersecurity The Energy Sector Confronts Cyber Risk https://kleinmanenergy.upenn.edu/energy-policy-now/energy-sector-confronts-cyber-riskSee omnystudio.com/listener for privacy information.

As distributed energy grows, so does cyber risk to the grid. Two energy security experts discuss solutions. --- In recent months the threat of cyber attack on the nation’s electricity system has come into urgent focus. Earlier this year the FBI and Department of Homeland Security made public a series of cyberattacks that penetrated the control systems of several nuclear power stations. Another recent attack on a network of natural gas pipelines threatened fuel supply to gas-fired powerplants in the Eastern U.S. And both breaches came in the wake of a 2015 cyberattack on three Ukrainian electric utilities that left more than 200,000 people without power. Yet even as awareness of cyber threats has risen, vulnerability to such attacks continues to grow. At the distribution level, behind the meter technologies like rooftop solar, battery storage and demand response make the electric system more efficient, but also provide attackers with new points of entry into an electric system that was, by and large, built without cyberthreats in mind. Cybersecurity experts Bill Hederman and Steve Kunsman discuss the cyber vulnerabilities of the electric distribution system, and political and technological means of addressing cyber risk. Guest Bill Hederman is a Senior Fellow with the Kleinman Center for Energy Policy and a former senior advisor to the U.S. Secretary of Energy of during the Obama administration. He was also founder of the Federal Energy Regulatory Commission’s Office of Market Oversight and Investigations. Steve Kunsman is Chairman of the Cyber Security Subcommittee at the Institute of Electrical and Electronics Engineers (IEEE). He is also Director of Product Management and Applications at ABB North America. Related Content: Big Advance for Cybersecurity Also Important for Energy Cybersecurity <a href="https://kleinmanenergy.upenn.edu/blog/2017/11/15/big-advance-cybersecurity-also-important-energy-cybersecurity" rel="nofollow" target="_blank">https://kleinmanenergy.upenn.edu/blog/2017/11/15/big-advance-cybersecurity-also-important-energy-cybersecurity</a> The Energy Sector Confronts Cyber Risk <a href="https://kleinmanenergy.upenn.edu/energy-policy-now/energy-sector-confronts-cyber-risk" rel="nofollow" target="_blank">https://kleinmanenergy.upenn.edu/energy-policy-now/energy-sector-confronts-cyber-risk</a>See <a href="https://omnystudio.com/listener" rel="nofollow" target="_blank">omnystudio.com/listener</a> for privacy information.

Distributed Energy's Cyber Risk

The Environmental Defense Fund's chief economist discusses a plan that leverages international cooperation to achieve ambitious, and durable greenhouse emissions reductions under the Paris climate framework.---The first global climate pact, the 1997 Kyoto Protocol, created the foundation for global emissions trading by allowing developed countries to purchase carbon offsets from areas of the globe where the cost of reducing greenhouse emissions was lowest.  Yet emissions trading under the Kyoto framework was far from perfect.Too many projects failed to deliver carbon reductions beyond what would have happened anyway. And even where climate benefits were real, projects often weren’t built to last and deliver ongoing reductions on the scale needed to address the long-term challenge of climate change.Suzi Kerr, chief economist at the Environmental Defense Fund, discusses a new framework for global emissions trading under the Paris Climate Accord, intended to incentivize ambitious and sustained emissions reductions. The plan, called Climate Teams, creates small groups of countries that are economically committed to each other and to creating financial and technological conditions needed to address climate change over the long term.Suzi Kerr is chief economist with the Environmental Defense Fund in New York. Her work focuses on domestic and international climate change policy. Related ContentBetting on Climate Solutions https://kleinmanenergy.upenn.edu/paper/betting-climate-solutionsWhy Carbon Pricing Falls Short, and What to Do About it https://kleinmanenergy.upenn.edu/policy-digests/why-carbon-pricing-falls-short  See omnystudio.com/listener for privacy information.

The Environmental Defense Fund's chief economist discusses a plan that leverages international cooperation to achieve ambitious, and durable greenhouse emissions reductions under the Paris climate framework.---The first global climate pact, the 1997 Kyoto Protocol, created the foundation for global emissions trading by allowing developed countries to purchase carbon offsets from areas of the globe where the cost of reducing greenhouse emissions was lowest.  Yet emissions trading under the Kyoto framework was far from perfect.Too many projects failed to deliver carbon reductions beyond what would have happened anyway. And even where climate benefits were real, projects often weren’t built to last and deliver ongoing reductions on the scale needed to address the long-term challenge of climate change.Suzi Kerr, chief economist at the Environmental Defense Fund, discusses a new framework for global emissions trading under the Paris Climate Accord, intended to incentivize ambitious and sustained emissions reductions. The plan, called Climate Teams, creates small groups of countries that are economically committed to each other and to creating financial and technological conditions needed to address climate change over the long term.Suzi Kerr is chief economist with the Environmental Defense Fund in New York. Her work focuses on domestic and international climate change policy. Related ContentBetting on Climate Solutions <a href="https://kleinmanenergy.upenn.edu/paper/betting-climate-solutions" rel="nofollow" target="_blank">https://kleinmanenergy.upenn.edu/paper/betting-climate-solutions</a>Why Carbon Pricing Falls Short, and What to Do About it <a href="https://kleinmanenergy.upenn.edu/policy-digests/why-carbon-pricing-falls-short" rel="nofollow" target="_blank">https://kleinmanenergy.upenn.edu/policy-digests/why-carbon-pricing-falls-short</a> See <a href="https://omnystudio.com/listener" rel="nofollow" target="_blank">omnystudio.com/listener</a> for privacy information.

Rethinking Global Emissions Trading

Can tightly regulated coal mining help undo decades worth of environmental damage caused by the coal industry? A Pennsylvania DEP official, and a mining executive, discuss efforts to remediate water and land in the state’s Anthracite coal region. -- Pennsylvania’s economy has long been tied to its coal industry. In the 19th century the state’s pioneering coal companies fueled America’s industrial revolution, and thousands of mining sites opened over the decades that followed. Yet, over a century later, many of Pennsylvania’s coal mines have closed as the resource’s primacy has waned. John Stefanko, Deputy Secretary for the Office of Active and Abandoned Mine Operations at Pennsylvania’s DEP, and Greg Driscoll, Chief Executive of Blaschak Coal Company, look at the environmental damage that remains after mines have been abandoned, and on cooperation between today’s coal industry, and regulators, to clean up some of that damage. The focus is on the Anthracite coal industry of Northeastern Pennsylvania, where the remains of a once large coal industry attempts to find profits, while bearing costs for cleaning up the damage of past decades. John Stefanko is Deputy Secretary for the Office of Active and Abandoned Mine Operations at Pennsylvania’s Department of Environmental Protection. Related Content: The Carbon Tax: http://kleinmanenergy.upenn.edu/policy-digests/carbon-tax Ending Fossil Fuel Tax Subsidies: http://kleinmanenergy.upenn.edu/policy-digests/ending-fossil-fuel-tax-subsidies Comparative Pathways to Regional Energy Transition: http://kleinmanenergy.upenn.edu/pathways Revitalizing Coal Communities: http://kleinmanenergy.upenn.edu/paper/revitalizing-coal-communitiesSee omnystudio.com/listener for privacy information.

Can tightly regulated coal mining help undo decades worth of environmental damage caused by the coal industry? A Pennsylvania DEP official, and a mining executive, discuss efforts to remediate water and land in the state’s Anthracite coal region. -- Pennsylvania’s economy has long been tied to its coal industry. In the 19th century the state’s pioneering coal companies fueled America’s industrial revolution, and thousands of mining sites opened over the decades that followed. Yet, over a century later, many of Pennsylvania’s coal mines have closed as the resource’s primacy has waned. John Stefanko, Deputy Secretary for the Office of Active and Abandoned Mine Operations at Pennsylvania’s DEP, and Greg Driscoll, Chief Executive of Blaschak Coal Company, look at the environmental damage that remains after mines have been abandoned, and on cooperation between today’s coal industry, and regulators, to clean up some of that damage. The focus is on the Anthracite coal industry of Northeastern Pennsylvania, where the remains of a once large coal industry attempts to find profits, while bearing costs for cleaning up the damage of past decades. John Stefanko is Deputy Secretary for the Office of Active and Abandoned Mine Operations at Pennsylvania’s Department of Environmental Protection. Related Content: The Carbon Tax: <a href="http://kleinmanenergy.upenn.edu/policy-digests/carbon-tax" rel="nofollow" target="_blank">http://kleinmanenergy.upenn.edu/policy-digests/carbon-tax</a> Ending Fossil Fuel Tax Subsidies: <a href="http://kleinmanenergy.upenn.edu/policy-digests/ending-fossil-fuel-tax-subsidies" rel="nofollow" target="_blank">http://kleinmanenergy.upenn.edu/policy-digests/ending-fossil-fuel-tax-subsidies</a> Comparative Pathways to Regional Energy Transition: <a href="http://kleinmanenergy.upenn.edu/pathways" rel="nofollow" target="_blank">http://kleinmanenergy.upenn.edu/pathways</a> Revitalizing Coal Communities: <a href="http://kleinmanenergy.upenn.edu/paper/revitalizing-coal-communities" rel="nofollow" target="_blank">http://kleinmanenergy.upenn.edu/paper/revitalizing-coal-communities</a>See <a href="https://omnystudio.com/listener" rel="nofollow" target="_blank">omnystudio.com/listener</a> for privacy information.

Where Coal Mining Brings Environmental Benefits

David Roberts

Vox writer David Roberts weighs in on the media’s role in shaping views on energy and the environment.---Vox Media’s David Roberts is one of the nation’s top energy and environmental journalists, and now also a Senior Fellow with the Kleinman Center for Energy Policy. In this episode of Energy Policy Now, Roberts discusses the media’s coverage of the politicized issues of energy and climate and the challenge of being heard in a noisy and splintered media environment.  He also talks about what it’s like to live and breathe energy from dawn to dusk (and beyond).David Roberts is an energy and environmental writer with Vox, and a senior fellow with the Kleinman Center for Energy Policy.Related ContentClimate Policy Won’t Work Without Considering Labor  https://kleinmanenergy.upenn.edu/blog/2018/09/17/climate-policy-wont-work-without-considering-laborCalifornia: The Climate Leadership We Need https://kleinmanenergy.upenn.edu/blog/2018/09/13/california-climate-leadership-we-needThe Climate Under Kavanaugh. https://kleinmanenergy.upenn.edu/blog/2018/09/11/climate-under-kavanaughSee omnystudio.com/listener for privacy information.

Vox writer David Roberts weighs in on the media’s role in shaping views on energy and the environment.---Vox Media’s David Roberts is one of the nation’s top energy and environmental journalists, and now also a Senior Fellow with the Kleinman Center for Energy Policy. In this episode of Energy Policy Now, Roberts discusses the media’s coverage of the politicized issues of energy and climate and the challenge of being heard in a noisy and splintered media environment.  He also talks about what it’s like to live and breathe energy from dawn to dusk (and beyond).David Roberts is an energy and environmental writer with Vox, and a senior fellow with the Kleinman Center for Energy Policy.Related ContentClimate Policy Won’t Work Without Considering Labor  <a href="https://kleinmanenergy.upenn.edu/blog/2018/09/17/climate-policy-wont-work-without-considering-labor" rel="nofollow" target="_blank">https://kleinmanenergy.upenn.edu/blog/2018/09/17/climate-policy-wont-work-without-considering-labor</a>California: The Climate Leadership We Need <a href="https://kleinmanenergy.upenn.edu/blog/2018/09/13/california-climate-leadership-we-need" rel="nofollow" target="_blank">https://kleinmanenergy.upenn.edu/blog/2018/09/13/california-climate-leadership-we-need</a>The Climate Under Kavanaugh. <a href="https://kleinmanenergy.upenn.edu/blog/2018/09/11/climate-under-kavanaugh" rel="nofollow" target="_blank">https://kleinmanenergy.upenn.edu/blog/2018/09/11/climate-under-kavanaugh</a> See <a href="https://omnystudio.com/listener" rel="nofollow" target="_blank">omnystudio.com/listener</a> for privacy information.

Vox’s David Roberts on Energy, Climate, and the Media

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