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EDemildimanchev.bsky.social

In the short term, we need to be mindful that the distortions caused by the inadequacies of PPA markets can slow down decarbonization. A practical near-term remedy is to strengthen existing incentives for clean energy, as we show in another recent work (preprint below). bsky.app/profile/emil...

EDemildimanchev.bsky.social

My last PhD work is now a preprint! Feedback welcome! How should governments choose climate policies in second-best power markets with incomplete long-term contracting? We see some surprises: wind & solar subsidies can be more cost-effective than CO2 pricing... ceepr.mit.edu/workingpaper... šŸ”ŒšŸ’”

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DGgspeng.bsky.social

A high carbon tax to fund decarbonization and climate reparations would be so much simpler and more effective

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NFnews-feed.bsky.social

@business: Transporting and storing green hydrogen are hidden costs that new research finds will make it uncompetitive as a decarbonization solution

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FCfuelcellsworks.com

Nordex Electrolyzers is launching the H2OP project in Navarre, Spain, to enhance #greenhydrogen#decarbonization#HydrogenNow#FuelCells#CleanEnergy#H2t.co/PiI1N8ufPh

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GWgwagner.com

Iron & steel is in sore need of a major decarbonization push. Solutions exist, with e.g. Stegra showing the way for green hydrogen and Boston Metal & Electra for iron ore electrolysis. Check out my mini business school case study in today's @financialtimes.comwww.ft.com/content/5d48...

Columbia Business School Climate Knowledge Initiative slide: "At present, crude steel is produced through three main methods that all emit CO2: BF-BOF, scrap EAF, and NG DRI-EAF"
Chris Bataille & Maria Persson Gulda at Columbia Business School steel workshop
Dierk Raabe, Electra CEO Sandeep Nijhawan, and ThyssenKrupp's Chief Transformation Officer Marie Jaroni at Columbia Business School steel workshop
"Green H2, electrolysis, and CCUS could reduce steelmaking CO2 emissions by over 85% if implemented at scale"
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JLjlappen1.bsky.social

Nice, clear illustration of the priorities that undergird most arguments in favor of CCS, "gradual transitions", and "producing cleaner barrels domestically". These arguments aren't aimed at incremental, "practical" decarbonization - they're aimed at preserving fossil fuel production.

KEketanjoshi.co

"Two meetings with ExxonMobil designated for the discussion of ā€œcarbon solutionsā€ were used by both the company and then senior Department for Energy Security and Net Zero minister Graham Stuart to reaffirm the need for continued oil and gas production in the UK, meeting notes show"

UKā€™s Ā£22 Billion Carbon Capture Pledge Follows Surge in Lobbying by Fossil Fuel Industry, Records Show
UKā€™s Ā£22 Billion Carbon Capture Pledge Follows Surge in Lobbying by Fossil Fuel Industry, Records Show

This story is the third part of a DeSmog series on carbon capture and was developed with the support ofĀ Journalismfund Europe and published in partnership with the Guardian. The UK governmentā€™s move t...

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JPjosephpolitano.bsky.social

The regional dynamics of America's industrial policy are building support for decarbonizationā€”but it still remains to be seen if they can build successful & durable manufacturing industries. If they do, they will forever reshape US economic geography

screenshot of text that reads "I often return to Robinson Meyerā€™s piece on the underlying logic of the Inflation Reduction Act and this administrationā€™s other clean energy policiesā€”policymakersā€™ long-run goal was not purely to decarbonize the US, but rather to create a durable American political coalition for decarbonization. Efficient solutions like outright taxing or regulating carbon emissions were considered not politically viable, so instead the decarbonization push had to come in the form of heavy subsidies for clean power production, a tariff-protected EV industry, funding for home energy efficiency upgrades, and much, much more. Those projects would then give Texas ranchers, Michigan autoworkers, and Pennsylvania homebuilders concrete benefits attached to the clean energy buildout and thus fold them into an electoral coalition that could defend or expand the IRA. Thereā€™s some evidence this strategy is already workingā€”no Republican voted for the Inflation Reduction Act when it.
A similar process could happen to semiconductor manufacturing and other industries considered key to growth and national security. The tremendous electoral power of US auto manufacturing comes in large part from the sectorā€™s concentration in midwestern swing statesā€”diversifying chip manufacturing employment from historical hub states like Oregon and California to more swing states like Arizona and Ohio could likewise provide it with similar political defenses. Of course, there is still a tremendous danger that a politically defended industry can grow into a leech rather than a butterflyā€”for all the effort thatā€™s gone into shielding the auto industry, Americans do not have a much more efficient or internationally competitive vehicle manufacturing sector than they did 20 years ago. Indeed, the investment boom of the last few years has not yet cured America of its endemic manufacturing productivity problem, and the recent performance of key players like Intel does not inspire confidence.
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JPjosephpolitano.bsky.social

Overall, the private investment boom caused by the CHIPS Act & IRA has benefitted conservative areas more than liberal onesā€”an intentional effort by the bills' writers to build support for decarbonization & industrial policy by delivering concrete benefits to swing constituencies

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