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🟡 Semafor Net Zero: Green spending goes global
In the latest edition, China and the UK ramp up green spending globally, and the US tries to pull back.
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Repealing the Inflation Reduction Act could wipe $160 billion off US GDP
Republican-controlled states stand out as some of the biggest losers, according to projections by the think tank Energy Innovation.
Rebecca Cook/Reuters
China’s foreign infrastructure push is greener than ever
Renewables beat fossil fuels in China’s overseas power projects last year.
CFoto/Sipa USA via Reuters
Climate change could slash global GDP by a third by century’s end
The cost of investing in climate mitigation, although hefty, pales in comparison to the price of inaction.
Amit Dave/Reuters
Big gas turbine manufacturers aren’t ready to bet on the AI boom
Demand for gas power-generation hardware is surging, but the few companies that make it are reluctant to scale up.
USA Today Network via Reuters
Wind and solar together overtake coal for first time in US
It’s now a two-horse race between solar and gas to meet the country’s rising electricity demand.
Flickr Creative Commons Photo/Recurrent Energy
Exxon isn’t scared of low oil prices
Big Oil still sees a bright future ahead.
Eli Hartman/Reuters
Inflation Reduction Act exposes US taxpayers to ‘potentially unlimited liability,’ Cato Institute argues
The libertarian think tank has long criticized the Biden-era energy subsidies as a fiscally reckless example of ‘crony capitalism.’
Trump’s Big Oil bear hug won’t help the AI race
Renewables offer a cheaper and faster way to meet surging power demands, said the CEO of the largest US electricity provider.
Barely anyone has outlined emissions cuts. Financiers see that as an opportunity
Bond investors and banks are pressing for “investable” national climate transition plans.
Europe puts its energy transition on life support
Spiraling energy prices have turned many Europeans against the region’s ambitious climate goals.
Congress is about to put Biden’s climate strategy to the test
Will Inflation Reduction Act tax credits survive budget negotiations led by House Speaker Mike Johnson?
Germany looks to nuclear despite unlikely comeback
Germany’s likely next chancellor Friedrich Merz has ruled out a coalition with the hard-right Alternative for Germany but the two parties have at least one thing in common: An interest in nuclear power.
Trump is playing a dangerous game with Russian energy
Lifting sanctions and allowing Russian oil and gas back into the global market could backfire for the US.
Trump’s anti-DEI push threatens a huge energy bank
Beneficiaries of the EPA’s $20 billion Greenhouse Gas Reduction Fund might sue to keep the money, the head of one such group told Semafor.
Trump-EU tariff spat could put a key climate policy on the negotiating table
Europe’s looming methane standards could hold US gas companies accountable — or devolve into greenwashing.
Trump’s unpredictability scares energy investors, Biden’s green banker says
“I don’t see how anyone can make a 20- or 30-year investment in the energy sector without the rule of law,” former Loan Programs Office director Jigar Shah said.
How the USAID collapse helps Putin
Deliveries of critical equipment for rebuilding Ukraine’s energy system have been stopped.
Analysis: Three megatrends will drive a new energy era
We need to shift from an ‘either-or’ narrative on energy to an ‘and-and’ one, the UAE’s minister of industry and advanced technology argues.