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
23 April 2024
Europe must unlock cross-border CO₂ trade if it wants to build a viable CCS sector for the long term
16 April 2024
US and European oil majors snap up smaller players and look to accelerate development in a region deemed to possess all the key elements for successful CCUS deployment
15 April 2024
Demand for credits seen rising 20% this year despite issues around integrity and standardisation
11 April 2024
Volatile allowance prices and small size of voluntary market undermine ability to drive investment, says Oxford Institute for Energy Studies