Low-carbon ambitions will require huge amount of global investment
Policy measures key to US net-zero goal
The new administration has set lofty low-carbon ambitions but must take radical action to overhaul the nation’s energy mix
President Joe Biden’s pledge for the US to achieve net-zero emissions by no later than 2050 will rely on innovative policies that foster low-carbon investment, retain jobs and safeguard national energy security, agreed a panel at CeraWeek by IHS Markit. “If we think that just putting a few temporary incentives and manufacturing tax credits in place is going to grow a green energy economy, we are sorely mistaken,” says Sarah Ladislaw, senior vice president and director of the climate change programme at thinktank the Center for Strategic and International Studies. “We just do not have the policy certainty in the US.” Ladislaw points to the state capitalist policies currently being implemented
Also in this section
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
