Semafor Net Zero: One Good Text
After winning a $20 billion contract with Google, Intersect Power wants to “create a whole new class of real estate.”
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The level of ambition set by Group of Seven leaders this weekend in Japan could set the tone for broader climate talks later this year. One likely point of discussion is a global target for renewable energy deployment.
By Jason Bordoff | En route back to NYC now following a fascinating and very productive week in India with the Center on Global Energy Policy India program, led by Shayak Sengupta, and our colleagues Trevor Sutton and Dave Turk.
The US State Department's Office of Global Change represents the US in climate negotiations and helps implement the country's climate change policy.
Economist Noah Kaufman discusses the complexities of America's energy transition, highlighting the decline of coal despite federal rhetoric. He emphasizes the need to address the economic vulnerabilities of fossil fuel-dependent communities, particularly oil and gas regions often overlooked in climate policies. Kaufman also warns that potential tariffs and US disengagement from global climate agreements could hinder progress.
The actions of the Trump administration will significantly decelerate the race to decarbonize economies around the world, according to energy and climate change experts.
Steps by the second Trump administration show it is taking a tougher stance against the regime of Nicolas Maduro. Trump recently issued an executive order that could levy a 25 percent tariff on countries that directly or indirectly import Venezuelan oil starting on April 2, and it has modified Chevron’s oil license to operate in the South American nation.
Trump’s abandonment of antibribery efforts will hurt—not help—U.S. companies.