Gina McCarthy: Investment is central to Biden’s climate strategy

The Climate Adviser noted that there is a unique opportunity for an accelerated transition to clean energy.

Climate adviser Gina McCarthy, speaking at the CERAWeek virtual energy conference on Thursday, noted that the recovery of the American economy after the pandemic provides a unique opportunity to invest in a rapid transition to clean energy.

“This is a rare opportunity to transform our country’s economy and reclaim the supply chain and jobs that we ceded to other countries,” she told energy industry leaders.

“We can’t miss the opportunity to invest heavily in our future,” McCarthy added. – I’m not sure this opportunity will ever come again, and I certainly wouldn’t want a pandemic to happen again.”

McCarthy emphasized that investments in clean energy and transportation are more important to the Biden administration than regulation. According to her, representatives of the automotive industry and the utility sector, with whom she met, recognize that the transition has already begun.

She added that the Ministries of Energy and Transport already have resources that they can use to “set the momentum for new ideas and new technologies.”

“It is very important that this is not seen simply as a regulatory issue,” she said.

US Energy Secretary Jennifer Granholm, speaking at the CERAWeek conference on Wednesday, said she was ready to reopen the loan program, which has been almost unused for the past four years and has more than $ 40 billion in funds to accelerate the transition to clean energy.

McCarthy named battery production, energy storage, green hydrogen, carbon capture and storage, and direct air capture among the promising areas.

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Author: Ivan Maltsev
The study of political and social problems of different countries of the world. Analysis of large companies on the world market. Observing world leaders in the political arena.
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Ivan Maltsev

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