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Task Force Report by Tom Moerenhout & Sofia Parker • September 20, 2026
Acknowledgments
This task force report is part of a joint initiative by the Center on Global Energy Policy (CGEP) at Columbia University SIPA and the New Energy Industrial Strategy Center (NEIS Center) on the role of governments in supporting the financing of strategic energy transition technologies and projects. It reflects the authors’ understanding of key points made over the course of two roundtable discussions and also represents the research and views of the authors. It does not necessarily represent the views of CGEP, Columbia University, or the NEIS Center. The piece may be subject to further revision.
This work is generously supported by, and delivered in partnership with, the NEIS Center—a thought partner, funder, and community builder that helps create advanced energy systems that support competitive economies and power the industries of the future.
The authors extend their sincere appreciation to the task force project chairs Dave Turk, Wally Adeyemo, and Michael Bruce. They are also grateful to Josh Zoffer, Narayan Subramanian, Sarah Ladislaw, and Jonas Lahm for their guidance, leadership, and thoughtful inputs throughout the project. The authors are deeply grateful to Cina Vazir for his leadership and advice on key parts of the publication. Finally, the authors thank Jack Arnold, Kevin Brunelli, Maximilian Kessler, and Ashish Sharma for their invaluable contributions to the research and drafting of this report.
Click here a full list of financial supporters of the Center on Global Energy Policy at Columbia University SIPA. See below a list of members that are currently in CGEP’s Visionary Annual Circle. This list is updated periodically.
Corporate Partnerships
Occidental Petroleum Corporation
Foundations and Individual Donors
Aphorism Foundation
Laura and John Arnold
The bedari collective
Bernard & Anne Spitzer Charitable Trust
Climateworks Foundation
Greg Goff
Blue Horizons Foundation
The William and Flora Hewlett Foundation
David Leuschen
The Rockefeller Foundation
Ray Rothrock
Mike & Sofia Segal
Kimberley and Scott Sheffield
Catherine and Tracy Wolstencroft
Daniel Ziff
Over the past decade, governments in developed economies have expanded the use of public financing tools to support the development of clean energy and critical materials technologies. Instruments such as grants, concessional loans, guarantees, offtake arrangements, and tax credits have been deployed to address climate, energy, supply chain, and geopolitical objectives. As technologies evolve from early research through demonstration and then commercial scale, policy effectiveness changes depending on the instrument used. This task force report, which synthesizes insights from two expert roundtable discussions on the past decade of US industrial policy, highlights key lessons on how governments can sequence public finance tools as technologies and projects mature.
The Middle East crisis has increased demand for China's clean technologies.
After decades without growth, electricity demand is surging, driven by energy-hungry data centers, new energy-intensive manufacturing facilities, and the increasing electrification of transportation and heating.
Governments in developed economies have expanded the use of public financing tools to support clean energy and critical materials technology development over the past decade.
Full report
Task Force Report by Tom Moerenhout & Sofia Parker • September 20, 2026