Low-carbon ambitions will require huge amount of global investment
Policy measures key to US net-zero goal—CeraWeek
The new administration has set lofty low-carbon ambitions but must take radical action to overhaul the nation’s energy mix
President Joe Biden’s pledge for the US to achieve net-zero emissions by no later than 2050 will rely on innovative policies that foster low-carbon investment, retain jobs and safeguard national energy security, agreed a panel at CeraWeek by IHS Markit. “If we think that just putting a few temporary incentives and manufacturing tax credits in place is going to grow a green energy economy, we are sorely mistaken,” says Sarah Ladislaw, senior vice president and director of the climate change programme at thinktank the Center for Strategic and International Studies. “We just do not have the policy certainty in the US.” Ladislaw points to the state capitalist policies currently being implemented
Also in this section
19 December 2024
The utility-scale battery energy storage system market is evolving rapidly, with diverse offtake models emerging to offer bespoke, flexible contracting solutions
13 December 2024
Prices in world’s largest compliance market have risen this year but remain below those seen in the EU
11 December 2024
Policymakers need to step up with a long-term, global strategy if the energy transition is ever to be a success
11 December 2024
CCUS and other carbon management technologies are gaining traction around the world, but heightened policy risk and other pressures will make 2025 a challenging year in some regions
