Energy Policy Now

Carnot Prize recipient Jacqueline Patterson explores how the clean energy transition can drive meaningful progress toward energy and climate justice. --- In 2009 Jacqueline Patterson became the founding director of the NAACP’s Environmental and Climate Justice Program. It was a role that Patterson, who’s this year’s recipient of the Kleinman Center’s Carnot Prize, had expected to be short lived: she’d stay on just long enough to get the program underway. By the time she did move on 12 years later, she had made significant progress in raising understanding of the connection between environmental damage and the lived experience in some of this country’s most impoverished and vulnerable communities. As an advocate for climate justice, she has worked to address the fact that environmental damage increases the economic and health burdens on disadvantaged communities, and makes it more challenging to break the cycle of poverty and marginalization. Today Patterson serves as the executive director of The Chisholm Legacy Project, where her work empowers communities of color on the front lines of climate change, ensuring they have the resources, tools, and leadership to amplify their voices in policymaking. Her efforts focus on making the clean energy transition a genuine opportunity for justice and equity. Jacqueline Patterson is executive director of The Chisholm Legacy Project and the 2024 recipient of the Kleinman Center’s Carnot Prize for distinguished contributions in the area of energy policy. Related Content Beyond Labor: The Expanding Scope of the Just Energy Transition https://kleinmanenergy.upenn.edu/commentary/podcast/beyond-labor-the-expanding-scope-of-the-just-energy-transition/ Should ‘Energy Hogs’ Shoulder More of the Utility Cost Burden? Should ‘Energy Hogs’ Shoulder More of the Utility Cost Burden?  https://kleinmanenergy.upenn.edu/research/publications/should-energy-hogs-shoulder-more-of-the-utility-cost-burden/   Energy Policy Now is produced by The Kleinman Center for Energy Policy at the University of Pennsylvania. For all things energy policy, visit kleinmanenergy.upenn.eduSee omnystudio.com/listener for privacy information.

Kleinman Center visiting scholar Kirsten Jenkins explores the concept of a just energy transition, and why it must be expanded beyond its labor roots to address broad energy system injustices. --- The term “just transition” has its roots in organized labor movements, and has traditionally referred to the idea that workers in the fossil fuel economy must find security in the green energy economy of the future as well. Yet, increasingly, this understanding of what a just transition entails is viewed as overly narrow, and failing to address broad structural realities in our energy system that, if not addressed, will perpetuate a range of social, environmental, and economic inequalities. This lack of a common definition extends to the highest levels of the global climate effort, with the United Nations acknowledging that the perception of what a just transition entails varies from country to country, potentially impacting the outcome of just transition efforts at the local level. Kleinman Center visiting scholar Kirsten Jenkins explores the definition of the term just transition and how varying interpretations of it might limit, or enhance efforts to address broader inequalities that are inherent in our energy system. Jenkins, who is a senior lecturer in energy, environment and society at the University of Edinburgh in Scotland, also discusses the need to expand just transition beyond its labor roots to a broader view on justice, and explores policies to put this broader view into practice. Kirsten Jenkins is a visiting scholar at the Kleinman Center and a senior lecturer in energy, environment, and society within the School of Social and Political Sciences at the University of Edinburgh, Scotland. Related Content Closing the Climate Finance Gap: A Proposal for a New Green Investment Protocol https://kleinmanenergy.upenn.edu/research/publications/closing-the-climate-finance-gap-a-proposal-for-a-new-green-investment-protocol/ Climate Action in the Age of Great Power Rivalry: What Geopolitics Means for the Climate https://kleinmanenergy.upenn.edu/research/publications/climate-action-in-the-age-of-great-power-rivalry-what-geopolitics-means-for-the-climate/    Energy Policy Now is produced by The Kleinman Center for Energy Policy at the University of Pennsylvania. For all things energy policy, visit kleinmanenergy.upenn.eduSee omnystudio.com/listener for privacy information.

Virtual power plants can help electric grid operators address supply shortages and reliability concerns, but policy support is needed. --- The U.S. electrical grid is under growing stress, raising concern that recent widescale power outages may signal more grid challenges to come. In recent years, electricity demand has grown at an accelerating pace while, at the same time, power supply has tightened as existing power plants have retired and grid operators have struggled to bring new sources of power online. Yet one promising solution to the grid’s challenges may already be in place, if grid operators and regulators can figure out how to use it to full advantage. ‘Virtual power plants’ can combine small, distributed energy resources such as rooftop solar and demand response into a single, virtual whole that grid operators can deploy like a traditional powerplant. VPPs hold the promise of delivering large amounts of readily available and reliable energy services, if a number of regulatory and technological challenges can be overcome. On the podcast Ryan Hledik, a principal with electricity market consultancy The Brattle Group, explores the potential of virtual power plants. He explains how VPPs work, discusses hurdles to their development, and considers policy solutions to speed their growth. Ryan Hledik is a principal with electricity market consultancy The Brattle Group. Related Content: Closing the Climate Finance Gap: A Proposal for a New Green Investment Protocol https://kleinmanenergy.upenn.edu/research/publications/closing-the-climate-finance-gap-a-proposal-for-a-new-green-investment-protocol/ The Untapped Potential of “Repurposed Energy” https://kleinmanenergy.upenn.edu/research/publications/the-untapped-potential-of-repurposed-energy/ Energy Policy Now is produced by The Kleinman Center for Energy Policy at the University of Pennsylvania. For all things energy policy, visit kleinmanenergy.upenn.eduSee omnystudio.com/listener for privacy information.

David Spence explores the rise of identity politics in the U.S. and how it has fueled bitter partisanship over the transition to clean energy. --- Throughout American history, opposing political parties have at times set aside their differences to create “republican moments”— periods of bold, bipartisan action to address critical challenges.  Today, such moments may seem unlikely, yet the need for collective action remains urgent. This is particularly true for accelerating the transition to a low-carbon energy system and tackling climate change. On the podcast, David Spence of The University of Texas School of Law discusses his new book, Climate of Contempt, which explores the roots of the current political divide in this country, and how that divide has manifested in the politics of energy. Spence examines the growth of identity politics in the U.S., how even the best-intentioned of actors can stoke partisan flames, and opportunities to re-establish bipartisan dialogue to advance the clean energy transition. David Spence is the Rex G. Baker Centennial Chair in Natural Resources Law at The University of Texas at Austin. Related Content The Untapped Potential of ‘Repurposed Energy’ https://kleinmanenergy.upenn.edu/research/publications/the-untapped-potential-of-repurposed-energy/ Comparing the 2024 Presidential Candidates’ Energy Agendas https://kleinmanenergy.upenn.edu/news-insights/comparing-the-2024-presidential-candidates-energy-agendas/ Energy Policy Now is produced by The Kleinman Center for Energy Policy at the University of Pennsylvania. For all things energy policy, visit kleinmanenergy.upenn.eduSee omnystudio.com/listener for privacy information.

Nvidia’s director of accelerated computing, and a Penn expert in AI and datacenters, explain why AI uses so much energy, and how its energy appetite might be curbed.---Artificial Intelligence is taking off. In just under two years since the introduction of Chat GPT, the first popular AI chatbot, the global number of AI bot users has grown to one and a half billion. Yet, for the U.S. electricity grid, AI’s dramatic growth could not have come at a more challenging time. AI is energy-intensive, and its expansion is putting additional strain on an already burdened grid that’s struggling to keep pace with rising electricity demand in many regions. In addition, AI’s energy demands complicate efforts to decarbonize the grid as more electricity – generated with a mixture of carbon-free and fossil fuels – is required to support its growth.  The podcast explores the challenges AI presents to the power grid with Dion Harris, Director of Accelerated Computing at Nvidia, and Benjamin Lee, a professor of electrical engineering and computer science at the University of Pennsylvania. The two explain how and why AI leads to increased electricity use and explore strategies to limit AI’s energy impact. Dion Harris is director of accelerated computing at Nvidia. Benjamin Lee is a professor of electrical and systems engineering, and of computer and information Science, at the University of Pennsylvania. He is a visiting researcher at Google’s Global Infrastructure Group. Related ContentShould ‘Energy Hogs’ Shoulder More of the Utility Cost Burden? https://kleinmanenergy.upenn.edu/research/publications/should-energy-hogs-shoulder-more-of-the-utility-cost-burden/ Plugging Carbon Leaks with the European Union’s New Policy https://kleinmanenergy.upenn.edu/research/publications/plugging-carbon-leaks-with-the-european-unions-new-policy/ Energy Policy Now is produced by The Kleinman Center for Energy Policy at the University of Pennsylvania. For all things energy policy, visit kleinmanenergy.upenn.eduSee omnystudio.com/listener for privacy information.

Time-of-use electricity rates can save consumers money and optimize renewable power. But they can backfire if not carefully designed. --- A notable feature of the U.S. electricity system is the disconnect between the cost of generating electricity and the prices most consumers pay for power at any given time. Flat-rate pricing, where consumers pay the same rate for power regardless of demand, discourages efficient electricity use, leading to increased strain on the grid. As concerns about reliability, cost, and climate impacts grow, efficient electricity use is more important than ever. Kleinman Center Faculty Fellow Arthur van Benthem explores time-varying electricity rates, where prices change with demand, as an alternative to flat rate pricing. Van Benthem, a co-author of new research on the topic explains the potential of time-varying pricing to reduce grid costs and enhance renewable energy. He also explores the potential downside to such rates, which can fail to deliver expected benefits or even backfire if not designed with a focus on simplicity and usability. Related Content Should ‘Energy Hogs’ Shoulder More of the Utility Cost Burden? https://kleinmanenergy.upenn.edu/research/publications/should-energy-hogs-shoulder-more-of-the-utility-cost-burden/ How Can We Improve the Efficiency of Electricity Pricing Systems? https://kleinmanenergy.upenn.edu/research/publications/how-can-we-improve-the-efficiency-of-electricity-pricing-systems/   Energy Policy Now is produced by The Kleinman Center for Energy Policy at the University of Pennsylvania. For all things energy policy, visit kleinmanenergy.upenn.eduSee omnystudio.com/listener for privacy information.

For the month of August, we’re highlighting episodes from the 2023-2024 season of Energy Policy Now. We’ll be back with new content, and a new season, on September the 10th. Climatologist Michael Mann discusses his new book on Earth’s climate past, with insights into our climate future. --- (This episode was recorded on September 14, 2023) Renowned Penn climatologist Michael Mann’s latest book, “Our Fragile Moment,” explores the history of climate change and the lessons it can provide into the trajectory of climate change today. The book is Mann’s response to the phenomenon of “climate doomism” which, Mann writes, misrepresents the paleoclimate record to promote climate inaction. In the book, Mann seeks to set the paleoclimate record straight, and discusses how human agency remains our greatest tool in preventing the worst impacts of climate change. Michael Mann is Presidential Distinguished Professor in the University of Pennsylvania’s Department of Earth and Environmental Science, and director of the Penn Center for Science, Sustainability and the Media. He is also a Faculty Fellow at the Kleinman Center for Energy Policy. Related Content The Net-Zero Governance Conveyor Belt https://kleinmanenergy.upenn.edu/research/publications/the-net-zero-governance-conveyor-belt/   The Prospects for Pennsylvania as a RGGI Member https://kleinmanenergy.upenn.edu/research/publications/the-prospects-for-pennsylvania-as-a-rggi-member/   Accelerating Climate Action https://kleinmanenergy.upenn.edu/podcast/accelerating-climate-action/   Energy Policy Now is produced by The Kleinman Center for Energy Policy at the University of Pennsylvania. For all things energy policy, visit kleinmanenergy.upenn.edu.See omnystudio.com/listener for privacy information.

For the month of August, we’re highlighting episodes from the 2023-2024 season of Energy Policy Now. We’ll be back with new content, and a new season, on September the 10th. Senator Sheldon Whitehouse discusses the prospects for bipartisan U.S. carbon border fee legislation, and the need to protect the Biden administration’s clean energy and climate achievements. --- (This episode was recorded on March 15, 2024, during Penn Energy Week) Senator Sheldon Whitehouse has a reputation as an advocate for strong climate policies in Congress. The Rhode Island Democrat gained national attention over a decade ago when he gave the first of more than 290 “Time to Wake Up” climate speeches to date on the floor of the U.S. Senate. Many of the speeches were delivered at times when the prospects were bleak for significant leadership from Washington on climate and clean energy issues. Yet the past three years have been very different. Through the passage of the Bipartisan Infrastructure Law and, most pointedly, the Inflation Reduction Act, Congress has made concrete steps to grow domestic clean energy and improve the nation’s climate resilience. Recently, Senator Whitehouse reintroduced a bill that would levy the first carbon border fee on goods imported to the U.S., and effectively reward American industry for its leadership in energy efficiency and emissions reductions. On the podcast, Whitehouse discusses his plan for a carbon border adjustment. He also considers an upcoming election that will prove critical for continued progress, and that could jeopardize the full realization of recently passed energy and climate laws and the fate of the Biden administration’s related regulatory accomplishments. Related Content The Key to Electric Grid Reliability: Modernizing Governance https://kleinmanenergy.upenn.edu/research/publications/the-key-to-electric-grid-reliability-modernizing-governance/ Advancing the Social License for Carbon Management in Achieving Net-Zero GHG Emissions https://kleinmanenergy.upenn.edu/research/publications/advancing-the-social-license-for-carbon-management-in-achieving-net-zero-ghg-emissions/ Coordinated Policy and Targeted Investment for an Orderly and Reliable Energy Transition https://kleinmanenergy.upenn.edu/research/publications/coordinated-policy-and-targeted-investment-for-an-orderly-and-reliable-energy-transition/   Energy Policy Now is produced by The Kleinman Center for Energy Policy at the University of Pennsylvania. For all things energy policy, visit kleinmanenergy.upenn.eduSee omnystudio.com/listener for privacy information.

Two experts discuss the geopolitical risks of solar geoengineering and the need for global governance frameworks to prevent conflict. --- Solar geoengineering, the deliberate modification of Earth’s atmosphere to curb global warming, still seems like science fiction. However, research is progressing rapidly, and geoengineering’s potential implementation has drawn the attention of the United States Congress, which has mandated a research plan to explore its human and societal impacts. On the podcast, two experts explore one of the least understood, but potentially weighty societal issues surrounding solar geoengineering, namely the potential for the technology to be the source of geopolitical tension and even war. Scott Moore, Practice Professor of Political Science at the University of Pennsylvania, and Craig Martin, a specialist in public international law at Washburn University, discuss their forthcoming research that considers the uneven distribution of benefits and risks that would result from geoengineering, and how this might lead to conflict between countries. They also explore governance frameworks to help manage geopolitical tensions, if and when solar geoengineering is implemented. Scott Moore is Practice Professor of Political Science, and Director of China Programs and Strategic Initiatives, at the University of Pennsylvania. Craig Martin is a professor of law at Washburn University who specializes in public international law, in particular law pertaining to armed conflict and climate change. Related Content A New Era of Policy in Solar Geoengineering https://kleinmanenergy.upenn.edu/research/publications/a-new-era-of-policy-in-solar-geoengineering/ Advancing the Social License for Carbon Management in Achieving Net-Zero GHG https://kleinmanenergy.upenn.edu/research/publications/advancing-the-social-license-for-carbon-management-in-achieving-net-zero-ghg-emissions/ Energy Policy Now is produced by The Kleinman Center for Energy Policy at the University of Pennsylvania. For all things energy policy, visit kleinmanenergy.upenn.eduSee omnystudio.com/listener for privacy information.

Kleinman Center senior fellow Danny Cullenward examines the integrity, effectiveness, and climate impact of voluntary carbon markets. --- Last year, an investigation by the Guardian and Corporate Accountability found that most of the world’s largest carbon dioxide offset projects failed to deliver promised climate benefits. The report is among several questioning the integrity and effectiveness of voluntary carbon offset programs in achieving net-zero emissions and stabilizing global temperatures. In 2023, voluntary offset programs attracted nearly $2 billion from companies aiming to offset emissions from factory operations to air travel. However, the outcome has been a crisis of confidence in these programs. On this podcast, Danny Cullenward, a senior fellow with the Kleinman Center for Energy Policy, explores the integrity challenges facing voluntary offset markets and their true climate impact. He also examines why governments hesitate to regulate these markets and discusses the role voluntary offsets can and should play in global climate efforts. Danny Cullenward is a climate economist and lawyer, and a senior fellow at the Kleinman Center for Energy Policy. He also serves as Vice Chair of California’s Independent Emissions Market Advisory Committee. Related Content Advancing the Social License for Carbon Management in Achieving Net-Zero GHG Emissions https://kleinmanenergy.upenn.edu/research/publications/advancing-the-social-license-for-carbon-management-in-achieving-net-zero-ghg-emissions/ Will Hydrogen Energy Be Clean Energy? https://kleinmanenergy.upenn.edu/podcast/will-hydrogen-energy-be-clean-energy/ Energy Policy Now is produced by The Kleinman Center for Energy Policy at the University of Pennsylvania. For all things energy policy, visit kleinmanenergy.upenn.eduSee omnystudio.com/listener for privacy information.

The EPA's methane rules for the oil and gas industry will depend on new technologies to monitor and verify climate impacts. --- In December the Environmental Protection Agency introduced regulations to limit the amount of methane that escapes into the atmosphere from the oil and gas industry. In theory, the path to reducing emissions should be relatively straightforward. Efforts will focus on stopping the routine venting of methane from wells, and on the plugging of leaks from pipelines and other infrastructure. Yet, for the new rules to be effective, emissions will need to be measured across vast and geographically dispersed oil and gas infrastructure. Likewise, data from many different monitoring technologies will need to be reconciled so that efforts to reduce climate impacts can be verified. On the podcast Arvind Ravikumar, co-director of the Energy Emissions Modeling Lab at the University of Texas at Austin, and Kleinman Center Senior Fellow John Quigley explore the new rules governing methane emissions in the U.S., and the technological challenges surrounding compliance. Arvind Ravikumar is co-director of the Energy Emissions Modeling Lab at the University of Texas at Austin. John Quigley is a senior fellow at the Kleinman Center for Energy Policy and former secretary of the Pennsylvania Department of Environmental Protection. Related Content Can the Global LNG Market Support U.S. Export Ambitions? https://kleinmanenergy.upenn.edu/podcast/can-the-global-lng-market-support-u-s-export-ambitions/ Advancing the Social License for Carbon Management in Achieving Net-Zero GHG Emissions https://kleinmanenergy.upenn.edu/research/publications/advancing-the-social-license-for-carbon-management-in-achieving-net-zero-ghg-emissions/ Energy Policy Now is produced by The Kleinman Center for Energy Policy at the University of Pennsylvania. For all things energy policy, visit kleinmanenergy.upenn.eduSee omnystudio.com/listener for privacy information.

Natural gas market expert Anne-Sophie Corbeau explores the global outlook for LNG demand, and the potential for this demand to support the rapid expansion of U.S. LNG export capacity. --- The United States emerged as the leading global exporter of liquefied natural gas (LNG) in 2023, surpassing long-standing leaders Qatar and Australia. Looking ahead, U.S. LNG exports are projected to double by the end of the decade as new export facilities are developed along the U.S. coastline. This rapid expansion has intensified concerns regarding the environmental and community impacts of extensive LNG export projects. Additionally, the swift development of LNG projects raises questions as to whether the global market for natural gas, often referred to as a “bridge fuel”, will support substantial investment and long-term operation of new LNG projects. Anne-Sophie Corbeau, a global research scholar at the Center on Global Energy Policy at Columbia University, examines the future of global LNG demand and how it may support future supply additions in the U.S. She also discusses the potential for global LNG oversupply and factors that could affect the competitiveness of the U.S. industry in a potentially saturated market. Anne-Sophie Corbeau is a global research scholar at the Center on Global Energy Policy at Columbia University’s School of International and Public Affairs, and a former head of gas analysis at BP. Related Content Coordinated Policy and Targeted Investment for an Orderly and Reliable Energy Transition https://kleinmanenergy.upenn.edu/research/publications/coordinated-policy-and-targeted-investment-for-an-orderly-and-reliable-energy-transition/ Europe Confronts the Reality of Energy System Sabotage https://kleinmanenergy.upenn.edu/podcast/europe-confronts-the-reality-of-energy-system-sabotage/ Energy Policy Now is produced by The Kleinman Center for Energy Policy at the University of Pennsylvania. For all things energy policy, visit kleinmanenergy.upenn.eduSee omnystudio.com/listener for privacy information.

As the nation’s reliance on natural gas as a fuel for electricity generation has grown, so have reliability challenges. --- Over 40% of U.S. electricity is generated by gas-fired powerplants yet, double the role the fuel played two decades ago. Yet the past few years have exposed risks arising from our growing reliance on gas-fired generation. Major power outages in Texas and the Eastern U.S. have highlighted the fact that gas generators are vulnerable to disruption of the natural gas supply networks that fuel them. And, while the electricity and natural gas systems have become increasingly interdependent, there remains surprisingly limited coordination of the planning, operation, and regulation of the two industries. This fact complicates efforts to address reliability concerns. Seth Blumsack, director of the Center for Energy Law and Policy at Penn State University, discusses the challenge of coordinating the nation’s natural gas and electricity systems as gas has become the predominant fuel for generators, and a key balancing resource for intermittent renewable energy. Blumsack explains the growing interdependence of the nation’s natural gas and electricity networks, and explores efforts to address reliability concerns through better coordination of the systems. Seth Blumsack is director of the Center for Energy Law and Policy at Penn State University. Related Content The Key to Electric Grid Reliability: Modernizing Governance https://kleinmanenergy.upenn.edu/research/publications/the-key-to-electric-grid-reliability-modernizing-governance/ Coordinated Policy and Targeted Investment for an Orderly and Reliable Energy Transition  https://kleinmanenergy.upenn.edu/research/publications/coordinated-policy-and-targeted-investment-for-an-orderly-and-reliable-energy-transition/   Energy Policy Now is produced by The Kleinman Center for Energy Policy at the University of Pennsylvania. For all things energy policy, visit kleinmanenergy.upenn.eduSee omnystudio.com/listener for privacy information.

Canary Media senior editor Eric Wesoff explains the latest in a history of solar PV trade disputes involving the U.S. and China, and what it could mean for the growth of solar power and domestic solar manufacturing. --- In April, a coalition of U.S. photovoltaics manufacturers petitioned the Department of Commerce to impose anti-dumping tariffs on solar panels from four Southeast Asian countries. The move is the latest in a long history of solar trade disputes involving China and, more recently, Chinese PV manufacturers operating throughout Asia. Canary Media senior editor Eric Wesoff explains the foundations of the latest complaint, and how this case is substantively different from earlier trade disputes including the Auxin Solar case of 2022. He explores the competing priorities of the domestic solar manufacturing industry and solar project developers on the issue of tariffs, and how tensions within the industry create a Catch-22 for the Biden administration as it seeks to grow the solar industry through IRA incentives. Eric Wesoff is senior editor at Canary Media, and former editor in chief at Greentech Media. Related Content California’s Solar Equity Challenge https://kleinmanenergy.upenn.edu/podcast/californias-solar-equity-challenge/ The Key to Electric Grid Reliability: Modernizing Governance https://kleinmanenergy.upenn.edu/research/publications/the-key-to-electric-grid-reliability-modernizing-governance/ Energy Policy Now is produced by The Kleinman Center for Energy Policy at the University of Pennsylvania. For all things energy policy, visit kleinmanenergy.upenn.eduSee omnystudio.com/listener for privacy information.

Kleinman Center visiting scholar Severin Borenstein discusses California’s struggle to balance residential solar growth with electricity rate equity. --- California’s residential solar market is at a critical inflection point after years of strong growth. Last year the state, which has more rooftop solar than any other, lowered the net metering rate that it pays solar households for the excess electricity that they feed into the electric grid. The policy change contributed to a steep decline in residential rooftop solar installations. This could complicate the state’s task of achieving 100% carbon free power in just over 20 years. Yet the reasons behind California’s decision to reduce its solar subsidy are complex and reflect growing tensions over the private versus public costs of rooftop solar. These costs are particularly controversial in a state that already has among the highest electricity rates in the country, as well as aggressive targets for home electrification. On the podcast Severin Borenstein, a Kleinman Center visiting scholar and faculty director of the Energy Institute at the Haas School of Business at the University of California, Berkeley, discusses California’s residential solar energy policies and the challenge of balancing equity, solar growth, and the pace of electrification. Borenstein also explores the lessons from California’s experience that might be applied to other states where rooftop solar power growth is poised to accelerate. Severin Borenstein is a visiting scholar at the Kleinman Center for Energy Policy and faculty director of the Energy Institute at the Haas School of Business at the University of California, Berkeley. Related Content Overcoming Economic Barriers to Electrifying Everything (podcast) https://kleinmanenergy.upenn.edu/podcast/overcoming-economic-barriers-to-electrifying-everything/ Residential Battery Storage: Reshaping the Way We Do Electricity https://kleinmanenergy.upenn.edu/research/publications/residential-battery-storage-reshaping-the-way-we-do-electricity/   Energy Policy Now is produced by The Kleinman Center for Energy Policy at the University of Pennsylvania. For all things energy policy, visit kleinmanenergy.upenn.edu.See omnystudio.com/listener for privacy information.

An expert in electricity markets explains why market price signals alone will struggle to incentivize adequate investment in the flexible electricity resources needed for future grid reliability. -- In the 1990s the process of deregulation – or restructuring – of the U.S. electricity system began, leading to the introduction of competition to an industry that had for a century been dominated by vertically-integrated utility monopolies. Today, competitive markets produce two-thirds of the electricity consumed in the country. Yet concern has grown that these modern markets may not be up to the task of driving the types of investment needed to ensure that an ample and reliable supply of clean electricity will be available in the future. Kelli Joseph, a senior fellow with the Kleinman Center, offers a deep dive into the theory of competitive electricity markets and the role that market price signals play in driving investment in many parts of the United States. She explores the need to incentivize investment in flexible resources essential to the reliability of a grid that is increasingly reliant on natural gas and renewable generation, and discusses how electricity markets and policy might meet the challenges of the energy transition. Kelli Joseph is a senior fellow with the Kleinman Center for Energy Policy. Related Content The Key to Electric Grid Reliability: Modernizing Governance https://kleinmanenergy.upenn.edu/research/publications/the-key-to-electric-grid-reliability-modernizing-governance/ Coordinated Policy and Targeted Investment for and Orderly and Reliable Energy Transition https://kleinmanenergy.upenn.edu/research/publications/coordinated-policy-and-targeted-investment-for-an-orderly-and-reliable-energy-transition/ Aligning Clean Energy Policy with Grid Reliability https://kleinmanenergy.upenn.edu/podcast/aligning-clean-energy-policy-with-grid-reliability/   Energy Policy Now is produced by The Kleinman Center for Energy Policy at the University of Pennsylvania. For all things energy policy, visit kleinmanenergy.upenn.edu  See omnystudio.com/listener for privacy information.

Senator Sheldon Whitehouse discusses the prospects for bipartisan U.S. carbon border fee legislation, and the need to protect the Biden administration’s clean energy and climate achievements.--- (This episode was recorded on March 15, 2024, during Penn Energy Week) Senator Sheldon Whitehouse has a reputation as an advocate for strong climate policies in Congress. The Rhode Island Democrat gained national attention over a decade ago when he gave the first of more than 290 “Time to Wake Up” climate speeches to date on the floor of the U.S. Senate. Many of the speeches were delivered at times when the prospects were bleak for significant leadership from Washington on climate and clean energy issues. Yet the past three years have been very different. Through the passage of the Bipartisan Infrastructure Law and, most pointedly, the Inflation Reduction Act, Congress has made concrete steps to grow domestic clean energy and improve the nation’s climate resilience. Recently, Senator Whitehouse reintroduced a bill that would levy the first carbon border fee on goods imported to the U.S., and effectively reward American industry for its leadership in energy efficiency and emissions reductions. On the podcast, Whitehouse discusses his plan for a carbon border adjustment. He also considers an upcoming election that will prove critical for continued progress, and that could jeopardize the full realization of recently passed energy and climate laws and the fate of the Biden administration’s related regulatory accomplishments. Related Content The Key to Electric Grid Reliability: Modernizing Governance https://kleinmanenergy.upenn.edu/research/publications/the-key-to-electric-grid-reliability-modernizing-governance/ Advancing the Social License for Carbon Management in Achieving Net-Zero GHG Emissions https://kleinmanenergy.upenn.edu/research/publications/advancing-the-social-license-for-carbon-management-in-achieving-net-zero-ghg-emissions/ Coordinated Policy and Targeted Investment for an Orderly and Reliable Energy Transition https://kleinmanenergy.upenn.edu/research/publications/coordinated-policy-and-targeted-investment-for-an-orderly-and-reliable-energy-transition/   Energy Policy Now is produced by The Kleinman Center for Energy Policy at the University of Pennsylvania. For all things energy policy, visit kleinmanenergy.upenn.eduSee omnystudio.com/listener for privacy information.

The U.S. Department of the Treasury is finalizing rules that will determine which new clean hydrogen projects will receive the IRA’s generous 45V tax incentives, and whether those projects will deliver promised climate benefits. --- The Inflation Reduction Act provides a range of incentives for the development of clean energy resources in the United States. Highest profile among those incentives are hundreds of billions of dollars in tax credits earmarked for new wind and solar power projects. Yet the IRA’s most aggressive incentives aren’t directed at renewables but at clean hydrogen, which is a fuel that is viewed as crucial to decarbonizing parts of the economy that aren’t readily electrified, such as steel making, air travel and shipping. Over the past few months, the Department of the Treasury and the Internal Revenue Service have been developing rules to define what will qualify as clean hydrogen, and what level of financial incentive hydrogen producers should receive based on the climate impact of the hydrogen they will make. Final rules are expected this year, and will ultimately determine whether clean hydrogen delivers on its climate promise. Danny Cullenward, Vice Chair of California’s Independent Emissions Market Advisory Committee and a Senior Fellow at the Kleinman Center, explores the climate stakes surrounding the Treasury’s 45V hydrogen production tax credit. Cullenward explains the draft clean hydrogen rules, and why certain interests would like to see those guidelines relaxed. He also explores what the final rules might mean for the pace of clean hydrogen growth, and for the ability of clean hydrogen producers to thrive after the incentives expire. Danny Cullenward is a Senior Fellow with the Kleinman Center for Energy Policy. He is also Vice Chair of California’s Independent Emissions Market Advisory Committee, and a Research Fellow with the Institute for Carbon Removal Law and Policy at American University. Related Content Coordinated Policy and Targeted Investment for an Orderly and Reliable Energy Transition https://kleinmanenergy.upenn.edu/research/publications/coordinated-policy-and-targeted-investment-for-an-orderly-and-reliable-energy-transition/ Why the IRA’s Carbon Capture Tax Credit Could Increase Greenhouse Emissions (Podcast) https://kleinmanenergy.upenn.edu/podcast/why-the-iras-carbon-capture-tax-credit-could-increase-greenhouse-emissions/   Energy Policy Now is produced by The Kleinman Center for Energy Policy at the University of Pennsylvania. For all things energy policy, visit kleinmanenergy.upenn.edu.See omnystudio.com/listener for privacy information.

Physical attacks on critical European energy infrastructure have risen since the outbreak of the war in Ukraine, threatening energy security and the pace of the low-carbon transition. --- Sabotage of critical energy infrastructure has been on the rise, most prominently in Europe, where multiple attacks have targeted subsea electric transmission cables and natural gas pipelines, including Nordstream, since the start of the war in Ukraine.    These disruptions come at a time of upheaval in the energy system, as nations push forward with the construction of expansive carbon-free energy infrastructure, spanning renewable generation and electric transmission networks. Simultaneously, European countries have raced to develop new LNG import terminals and pipelines to replace natural gas that had been supplied by Russia. Yet, until recently relatively little public attention has been paid to the challenge that physical sabotage presents to energy security and climate goals. Benjamin Schmitt, a senior fellow with the Kleinman Center, explores the daunting task of protecting vast networks of often remote infrastructure from everything from hostile nations to small bands of rogue actors. He also discusses why culprits can be so difficult to identify, and how threats to energy infrastructure might undermine public support for the expansive projects needed to transition to a low-carbon energy system in Europe, the US, and elsewhere. Benjamin Schmitt is a Senior Fellow here at the Kleinman Center whose research has focused on the physical security on the energy system.  Related Content Coordinated Policy and Targeted Investment for an Orderly and Reliable Energy Transition https://kleinmanenergy.upenn.edu/research/publications/coordinated-policy-and-targeted-investment-for-an-orderly-and-reliable-energy-transition/ America’s Electric Power Transmission Crisis https://kleinmanenergy.upenn.edu/podcast/americas-electric-power-transmission-crisis/   Energy Policy Now is produced by The Kleinman Center for Energy Policy at the University of Pennsylvania. For all things energy policy, visit kleinmanenergy.upenn.eduSee omnystudio.com/listener for privacy information.

Local opposition to clean energy projects slows the transition to a low carbon energy system. A legal expert explores how a national policy of “repurposed energy” could speed things up. --- Clean energy infrastructure projects often face opposition from communities where they would be built, a fact that stands in the way of efforts to rapidly lower energy-sector carbon emissions.  Alexandra Klass, a professor of law at the University of Michigan Law School, explores how “repurposed energy”, which directs clean energy projects to abandoned fossil fuel sites and marginal agricultural lands, can effectively counter local opposition and accelerate clean energy development.  She also discusses key provisions in the Inflation Reduction Act and Bipartisan Infrastructure Law that support the development of clean energy in legacy energy communities, and offers recommendations for policy to support repurposed energy nationwide. Alexandra Klass is the James G. Degnan professor of law at the University of Michigan Law School, and a visiting scholar at the Kleinman Center for Energy Policy.  Her recent work has focused on repurposed energy and policy recommendations to make it reality.  Related Content A New Era of Policy in Solar Geoengineering  https://kleinmanenergy.upenn.edu/research/publications/a-new-era-of-policy-in-solar-geoengineering/ Ammonia’s Role in a Net-Zero Hydrogen Economy https://kleinmanenergy.upenn.edu/research/publications/ammonias-role-in-a-net-zero-hydrogen-economy/ The CO2 Transportation Challenge  https://kleinmanenergy.upenn.edu/podcast/the-co2-transportation-challenge/ Energy Policy Now is produced by The Kleinman Center for Energy Policy at the University of Pennsylvania. For all things energy policy, visit kleinmanenergy.upenn.eduSee omnystudio.com/listener for privacy information.