Jason Bordoff, Founding Director of the Center on Global Energy Policy, testified before the Senate Committee on Energy and Natural Resources at a hearing to examine the potential modernization of the Strategic Petroleum Reserve (SPR) and related energy security issues. In his testimony, he made three main points:
Bordoff’s complete written testimony submitted to the Committee on Energy and Natural Resources is available here (PDF).
There is a strong and growing consensus that a simultaneously growing and decarbonizing electricity sector is necessary to meet declining greenhouse gas emissions targets.
Reducing greenhouse gas (GHG) emissions from industrial operations poses a significant challenge due to heat needs ranging from 50–1,600°C (122–2,912°F) as well as process-based emissions.
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In September 2020, China announced its intentions to peak carbon emissions by 2030 and achieve carbon neutrality by 2060.