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Resident Senior Fellow, Energy
R Street
There is an increasing disconnect between the sort of climate objectives that are advocated for politically (1.5 degrees Celsius, net-zero emissions by 2050, etc.) and the feasibility of achieving a massive global clean energy transition within the ever-shrinking carbon budget. This widening gap is reflected in seminal “transition scenarios” like the International Energy Agency’s (IEA) Net-Zero Emissions Report, or the International Renewable Energy Agency’s (IRENA) 1.5 Pathway report attempting to lay out a roadmap to these hoped-for climate objectives. The kicker is that these studies can’t make the math work without leaning heavily on huge amounts of carbon capture that… [more]
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U.S. Senator, State of Delaware
Member, Senate Appropriations
Recently, a bipartisan, bicameral bill, the IMPACT for Energy Act, was introduced to establish a nonprofit foundation that will channel private-sector investments that support the creation, development, and commercialization of innovative technologies that address ongoing energy challenges. Today’s energy challenges are complex. Viable energy solutions involve multiple partners in government, industry, and academia. The pace and scale of these projects require partnerships between public and private entities to negotiate all stages of the innovation pipeline. While Research, Development, Deployment, & Diffusion (RDD&D) has long relied on public-private partnerships, the U.S. has experienced investment changes. RDD&D is essential for driving innovation and… [more]
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