America's Industrial Strategy for the Energy Transition
Listen now
Description
Investment is rising in America’s clean energy sector. According to the Clean Investment Monitor, a joint project of the Rhodium Group and MIT, the sector received $213 billion in new investment over the past year, a 37% increase over the previous year.  This new investment brings new challenges, such as implementing the Inflation Reduction Act (IRA), translating money into infrastructure, sustaining support for the energy transition, and fending off economic competition from abroad.  How is the surge of clean energy investment changing the American economy? What sectors and regions are benefitting the most? And what is still needed to get the U.S.on track to meet its climate goals? This week host Jason Bordoff talks with Brian Deese about IRA implementation, green industrial strategy, and national security. Brian was the director of the White House’s National Economic Council from 2021 to 2023. Prior to that, he served in the Office of Management and Budget and as a senior advisor to President Barack Obama, as well as global head of sustainable investing for BlackRock. Since leaving government, he has taken up a post as Institute Innovation Fellow at MIT, where he plays a key role in developing the Clean Investment Monitor.
More Episodes
Across the U.S., large scale renewable energy projects, transmission lines, and mining sites for critical minerals are built on or near tribal lands. For example, the federal government plans to loan billions of dollars to Lithium Americas to develop a lithium mine in Nevada at a location known...
Published 04/30/24
Published 04/30/24
Geopolitics looms large over the global economy. A recent client survey by Goldman Sachs found geopolitics is the top investment risk of this year, overtaking inflation and the upcoming U.S. presidential election.  The market impacts by the wars in Europe and the Middle East, and the rising...
Published 04/23/24