Power prices are expected to soar under new tax cut and spending law
In states without policies to drive renewable energy, power prices could surge as federal tax incentives for clean energy disappear, according to Energy Innovation, a think tank.
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In states without policies to drive renewable energy, power prices could surge as federal tax incentives for clean energy disappear, according to Energy Innovation, a think tank.
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This special CGEP blog series, featuring six contributions from CGEP scholars, analyzes the potential impacts of the OBBBA across a range of sectors.
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Many parts of the US have experienced brutal, deadly heat in recent weeks—and there’s plenty of summer left. Intense rainfall, made more likely by warming, dropped more than...
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CGEP Distinguished Visiting Fellow; Former European Commissioner for Energy
Kadri Simson most recently served as European Commissioner for Energy. In that role, she oversaw the European Union’s energy policies and worked to ensure that the bloc transitions to a more sustainable, secure, and competitive energy system.
Her priorities included the implementation of the European Green Deal, supporting the EU’s ambition to become the first climate-neutral continent by 2050, which includes boosting renewable energy and enhancing energy efficiency. Kadri was also responsible for Fit for 55, a legislative package designed to reduce EU emissions by at least 55 percent by 2030, compared to 1990 levels, through carbon pricing and cutting fossil fuel reliance. This included the first-ever hydrogen strategy—promoting the development of hydrogen as a clean energy carrier particularly for sectors in which direct electrification may not be feasible.
Kadri worked to maintain EU energy security following Russia’s 2022 invasion of Ukraine, to cut dependence on fossil fuels from Russia, and to strengthen energy diplomacy with trusted trading partners. She initiated the Ukraine Energy Support Fund, which helped repair and rebuild Ukraine’s energy sector and infrastructure damaged by Russian strikes.
Kadri previously served as the Estonian minister of economic affairs and infrastructure and was a member of the Riigikogu, the Estonian parliament. She holds a bachelor’s degree in history from the University of Tartu and a master’s degree in political science from University College London.
Kadri Simson will simultaneously serve as a Carnegie Distinguished Fellow at SIPA’s Institute of Global Politics.
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