Always good to hear Jigar Shah's thoughts. Covering lots of ground here. First, yeah, there were lots of inflation and affordability issues ignored by the "Inflation Reduction Act." To the extent it was focused on energy, the USA has cheap energy but expensive other stuff. From transit to healthcare to education to housing. Lots of work to do.
We'll see if/how cheap solar and batteries yield more abundant/cheap energy than he expects. He's correct that some balancing expenses can be ignored, but a lot is location dependent.
Yes, these lawyers & lobbyists, etc., need to find more productive things to do than harass energy developers. He didn't say it explicitly but part of what seems to have happened is the FF biz through the reactionary and tech bro right managed to demonize wind and solar and efficiency and electrification and a bunch of other stuff, to folks for whom it really should not be demonic.
IMHO, these biznesses and the enviro/climate community need YUGE "info ecosystem" attack to counter this. It can't just be "lobbying." So Jigar may need to make way for some really cool spokespersons, like Samuel Jackson. https://www.youtube.com/watch?v=bunG-GGqzQc
"Smart finance is the real key to scaling the energy transition for everyone."
Shah is a committed capitalist, so his statement is no surprise. The real key to scaling the energy transition for everyone is to regain small-d democratic control of the levers of power, and commit to large-scale state spending.
Always good to hear Jigar Shah's thoughts. Covering lots of ground here. First, yeah, there were lots of inflation and affordability issues ignored by the "Inflation Reduction Act." To the extent it was focused on energy, the USA has cheap energy but expensive other stuff. From transit to healthcare to education to housing. Lots of work to do.
We'll see if/how cheap solar and batteries yield more abundant/cheap energy than he expects. He's correct that some balancing expenses can be ignored, but a lot is location dependent.
Yes, these lawyers & lobbyists, etc., need to find more productive things to do than harass energy developers. He didn't say it explicitly but part of what seems to have happened is the FF biz through the reactionary and tech bro right managed to demonize wind and solar and efficiency and electrification and a bunch of other stuff, to folks for whom it really should not be demonic.
IMHO, these biznesses and the enviro/climate community need YUGE "info ecosystem" attack to counter this. It can't just be "lobbying." So Jigar may need to make way for some really cool spokespersons, like Samuel Jackson. https://www.youtube.com/watch?v=bunG-GGqzQc
"Smart finance is the real key to scaling the energy transition for everyone."
Shah is a committed capitalist, so his statement is no surprise. The real key to scaling the energy transition for everyone is to regain small-d democratic control of the levers of power, and commit to large-scale state spending.