From climate policy to geopolitical tensions and sanctions to technological innovation, the energy world is facing enormous change, complexity and uncertainty. To discuss some of today’s most timely issues across the energy landscape, Jason Bordoff recently sat down with Dr. Ernest Moniz, the former U.S. Secretary of Energy.
As Secretary, Dr. Moniz worked across a range of issues from nuclear security and strategic stability to technological innovation and renewable energy to energy efficiency and climate policy. He also served in government as the Energy Department’s Under Secretary from 1997-2001 and is the Founding Director of the MIT Energy Initiative and Director of the Laboratory for Energy and the Environment. Dr. Moniz is currently CEO of the Nuclear Threat Initiative, a Distinguished Fellow at the Emerson Collective, and CEO of the Energy Futures Initiative.
On this episode of Columbia Energy Exchange, Dr. Moniz and Jason discussed the status of the global transition to a lower carbon future and what will be needed to not simply meet, but exceed, the goals of the Paris Agreement. Dr. Moniz spoke about the intersections between technological progress, policy frameworks, and business model innovation to drive decarbonization. Dr. Moniz discussed the state of nuclear power technology and the potential for escalating proliferation risks in light of current US-Russia tensions. Dr. Moniz and Jason also discussed the outlook for the Iran nuclear agreement, and what the implications may be for energy markets, following the Trump Administration’s decision to withdraw from the deal.
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Achieving the goal of net-zero greenhouse gas emissions by 2050 requires a substantial reduction in the share of high-emitting fossil fuels in primary energy consumption.