To tackle a topic as monumental and divisive as climate change, it will take a politically realistic and technologically inclusive agenda built on advancing clean power around the world.
Last Congress, we saw bipartisan support on issues such as a key tax incentive for carbon capture, and a similar fix for advanced nuclear. Legislators found common ground as they focused on both climate benefits and economics.
The reality is that any impractical and hasty move toward an all-renewable power strategy in the U.S. will not only be too partisan, but it will also fail to affect the global emissions equation and address climate change. Declining coal use in the U.S. and Europe is outweighed by gains in India and China, and cheap, plentiful natural gas is booming the world over.
Moving toward an all-renewable power sector in a decade as called for under the Green New Deal could have unintended repercussions. As we have seen in Germany, it can put renewable power growth at risk if you move too fast and put too much pressure on it to carry the power grid load. It’s both a reliability and a cost risk.
We need technologies that scale faster, perform better, and are cheaper than the alternatives so that the rapidly developing world chooses them instead of higher-emitting options. We should continue to focus on demonstrating and commercializing U.S. clean energy technologies, such as NET Power’s revolutionary Allam Cycle carbon capture technology, energy storage beyond lithium-ion batteries, and small modular nuclear and microreactor efforts from NuScale Power and others.
Small, incremental policy changes can result in large outcomes such as the shale gas revolution and cheap solar power. Similarly, Congress and the Administration can work to deliver a series of incremental bipartisan clean energy and climate policies in the next two years, including smart federal R&D moonshot goals across the clean energy portfolio, enacting a new tech-neutral energy innovation tax credit, and approving a bipartisan advanced nuclear blueprint introduced by Sen. Lisa Murkowski and others. Let’s keep strong, solutions-oriented work going forward in areas where the parties are in agreement. That’s bipartisan. That’s apolitical. That can work.
A low carbon economy will not emerge without a price signal. As long as dumping greenhouse gases into the atmosphere is free it will continue unabated. Once there is a… Read more »
I agree with this, but I would add that the ONLY way we will get a sustained and increasing and powerful price signal is if the revenues from taxing carbon… Read more »
I totally agree with Darren. The premise of this post — that we can adequately address climate change by taking incremental steps to reduce greenhouse gas emissions — is false.… Read more »
This, is on the right track. Small nukes, better carbon capture, better storage options should all be in the mix. A policy that is tech-neutral is the way to go.… Read more »
A portfolio of disruptive inventions has been accumulated after more than two decades of research and collaboration with numerous inventors, a few of whom are among the world’s most productive.… Read more »
I completely agree with Alex- there must be a price on carbon to force the market away from the 150 year dominant Oil/Gas (and Coal) industry. In his excellent book… Read more »
I really appreciate the detailed comments! I agree that some type of price signal is needed but we also must be cognizant of how the signal is designed and when… Read more »
Darren: While it is true that carbon policies have not yet proven effective for deep decarbonization, neither have technology developments. And just like there are more effective and less effective… Read more »
Stepping back to get a better view of the whole field, where are we? 1. Yes, we know that carbon pricing would be the “right way” to internalize the climate… Read more »
The only way to compensate for the personal biasses we each bring to which low carbon technologies are going to decarbonize the economy is to invest at the front end… Read more »
R&D is not the only way to compensate for personal biases. A carbon fee makes fossil fuel energy pay for (some of) its external costs and makes clean energy solutions… Read more »
Personally, I think we may have, at last, turned the corner on Climate Change. So much has happened that cannot be waved away and the words Climate change are now… Read more »
The circumstances that could lead to a carbon tax that would actually make a difference and that the public would accept have a low probability of being realized anytime soon.… Read more »
2018 was a record year for carbon emissions so I would say, by definition, that decarbonization is not taking place. That would require that emissions were dropping to use a… Read more »
The question of what is “economically sound” arises when owners of nuclear power plants shut them because they can’t make money running them. Every time a nuclear plant closes, we… Read more »