Columbia Energy Exchange

Countries around the world, including the US, are rushing to secure critical mineral supply chains. As these essential resources, which are key to building clean energy infrastructure, become a major focus in policy and trade discussions, Latin America sits at the center of the competition. It is home to vast lithium reserves in the Lithium Triangle and it holds nearly 40% of the world's copper deposits.

But recent price volatility and geopolitical concerns have created new challenges. Early this month, President Trump announced a 50% tariff on copper imports, further jolting markets as copper prices jumped over 13% in a single day.

So how are countries in the region navigating these new trade and market realities? Can Latin America build mineral supply chains that are more resilient to geopolitical shocks? And how are these governments responding to the environmental and economic concerns of Indigenous and local communities?

This week, Jason speaks with Juan Carlos Jobet, Tom Moerenhout, and Diego Rivera Rivota about Latin America's critical mineral supply chain.

Juan Carlos is the dean of the School of Business and Economics at Adolfo Ibáñez University and Chile's former Minister of Energy and Mining and a former distinguished visiting fellow at the Center on Global Energy Policy.

Tom leads the Critical Materials Initiative at the Center on Global Energy Policy and is a professor at Columbia University's School of International and Public Affairs.

Diego is a senior research associate at the Center on Global Energy Policy.

Credits: Hosted by Jason Bordoff and Bill Loveless. Produced by Mary Catherine O'Connor, Caroline Pitman, and Kyu Lee. Engineering by Gregory Vilfranc.

Many parts of the US have experienced brutal, deadly heat in recent weeks—and there's plenty of summer left. Intense rainfall, made more likely by warming, dropped more than 15 inches of rain in central Texas, claiming more than 130 lives. In addition to the devastating human toll these weather events take, they expose critical vulnerabilities in our energy infrastructure.

Power grids are seeing tremendous demand from air conditioning, not to mention other factors including data centers. And of course, extreme weather events cause shocks that go well beyond power outages; they damage transmission lines and cascade across other critical infrastructure like water systems and healthcare facilities.

The question isn't whether climate change is reshaping energy security—it's how quickly we can adapt. As traditional definitions of national security expand to include climate threats, what will it take to build truly resilient energy systems.

This week, Bill Loveless speaks with Kate Guy about how extreme summer weather events are redefining energy security.

Kate is a senior fellow and managing director of the geopolitics of climate change and the energy transition at the Center on Global Energy Policy at Columbia SIPA.

Credits: Hosted by Jason Bordoff and Bill Loveless. Produced by Mary Catherine O'Connor, Caroline Pitman, and Kyu Lee. Engineering by Gregory Vilfranc.

Artificial intelligence is transforming our world — and the energy sector. Earlier this year, the International Energy Agency (IEA) released a comprehensive report examining both AI's projected energy demands and how it might reshape energy systems. But while headlines often raise alarms around electricity demand growth, the reality is more nuanced and complex.

While data centers currently account for just 1.5% of global electricity use, that share is expected to double by 2030, driven largely by the growth of AI. In some regions, particularly in the US, data centers could account for nearly half of all electricity demand growth in the coming years.

So how should we understand the relationship between AI and energy? What does this mean for power systems around the world? Is artificial intelligence a friend or foe to the clean energy transition?

This week, Jason Bordoff speaks with Laura Cozzi, about the IEA's findings on AI's energy demands.

Laura is the chief energy modeler at the International Energy Agency, and its director of sustainability, technology, and outlooks. She oversees the IEA's analytical work on energy, climate, and economic modeling, and led the team that produced the agency's report on artificial intelligence and energy.

Credits: Hosted by Jason Bordoff and Bill Loveless. Produced by Mary Catherine O'Connor, Caroline Pitman, and Kyu Lee. Engineering by Gregory Vilfranc.

The global energy landscape is shifting right now. Geopolitical tensions in the Middle East, debates about peak oil demand, and waning support for climate action in some parts of the world are challenging long-held assumptions about the pace and scale of the energy transition.

Confronting these complex challenges requires an understanding of the forces that drive energy markets and prices.

So where is global energy consumption headed? Are reports of oil's demise exaggerated? And as countries prioritize energy security and economic growth, what does "pragmatism" really mean for the energy transition?

This week, Jason Bordoff speaks with Arjun Murti about the state of global energy markets and of the energy transition.

Arjun is a partner with Veriten, an energy research and investment firm. He also publishes the Super-Spiked newsletter. Previously, Arjun served as co-director of Americas equity research for Goldman Sachs. Prior to that, he was a buy-side equity research analyst at J.P. Morgan Investment Management. He also serves on the Center on Global Energy Policy advisory board.

Credits: Hosted by Jason Bordoff and Bill Loveless. Produced by Mary Catherine O'Connor, Caroline Pitman, and Kyu Lee. Engineering by Sean Marquand. Stephen Lacey is executive producer.

Just two days after President Trump deployed America's military to attack Iranian nuclear development sites, a shaky ceasefire between Israel and Iran brokered by President Trump emerged. So far, this deal appears to be holding, but there's no formal ceasefire agreement in place—at least not yet.

It is clear that Iran's nuclear infrastructure has suffered significant damage, but it's not clear just how extensive that damage really is. That uncertainty leaves a lot of unanswered questions about where things go from here.

Will there be a formal ceasefire in the coming days? How did energy markets react to the rapid de-escalation? And is this conflict really over?

To help unpack the latest, leading experts at the Center on Global Energy Policy, Columbia University SIPA joined Jason Bordoff for a special rapid response episode to discuss what we know so far about the ceasefire between Israel and Iran, how oil markets reacted, and the status of American sanctions on Iran.

Richard Nephew is a senior research scholar at CGEP. He formerly served as the US deputy special envoy for Iran under the Biden administration where he played a key role in negotiations over the Iran nuclear deal.

Karen Young is a senior research scholar at CGEP and a senior fellow at the Middle East Institute, where she focuses on the political economy of the Gulf states and energy policy.

Daniel Sternoff is a non-resident fellow at CGEP. He is also the head of Energy Aspects' Executive Briefing Service.

Richard, Karen and Daniel joined Jason on the afternoon of June 25 to discuss the current state of Iran's nuclear program, the broader geopolitical and economic implications of this unfolding crisis, and where it all goes from here.

Credits: Hosted by Jason Bordoff and Bill Loveless. Produced by Mary Catherine O'Connor, Caroline Pitman, and Kyu Lee. Engineering by Gregory Vilfranc.

California has long led the nation in pioneering clean air regulations, from grappling with smog to setting ambitious zero-emission vehicle mandates. The Golden State's unique authority under the Clean Air Act has allowed it to set emissions standards that exceed federal requirements. Around a dozen other states have followed California's lead.

But that leadership now faces an unprecedented challenge. Last month, Congress voted to revoke three Clean Air Act waivers that the Biden administration had granted California. It was the first time in over sixty years that federal lawmakers blocked any of California's dozens of car and truck rules, and the state quickly responded with a lawsuit.

So what happens next? Can California slash emissions from the transportation sector without this federal support? If not, how can it reach its overall climate goals? And what does this political battle mean for the future of clean transportation—and states' abilities to regulate emissions—nationwide?

This week, Bill Loveless speaks with Mary Nichols about California's role in clean air policy, the impact of losing its vehicle emission waivers, how the auto industry is reacting, and what all of this means for the future of climate action in America.

Mary is a distinguished environmental lawyer and policy expert with over five decades of experience in clean air regulation. She held a number of senior posts in federal and state government, including a long tenure as chair of the California Air Resources Board. She is also a former distinguished visiting fellow at the Center on Global Energy Policy, Columbia SIPA.

Credits: Hosted by Jason Bordoff and Bill Loveless. Produced by Mary Catherine O'Connor, Caroline Pitman, and Kyu Lee. Engineering by Sean Marquand. Stephen Lacey is executive producer.

In the growing conflict between Israel and Iran, many questions now loom, including the extent of US involvement, the potential for regime change, and the status of Iran's nuclear program. All this uncertainty and speculation is having some impact on energy markets and potentially much more in the weeks to come.

While there have been some attacks on energy infrastructure, there has not been a significant disruption in oil or gas supply to the global market. Some energy traders are seemingly anticipating that the conflict will remain contained in the months to come, but this is far from certain.

How is the conflict evolving? What are the paths for a ceasefire or diplomatic resolution to end the conflict? How is all of this impacting energy markets?

In response to the events on June 12, we pulled in Daniel Sternoff and Richard Nephew, two leading experts at the Center on Global Energy Policy at Columbia University SIPA to discuss what we know about Israel's attack on Iran, the backdrop of a volatile energy market, and what could happen in the coming days and weeks.

Daniel is non-resident fellow at CGEP. He is also the Head of Energy Aspects' Executive Briefing Service.

Richard is a senior research scholar at CGEP. He formerly served as the US Deputy Special Envoy for Iran under the Biden administration where he played a key role in negotiations over the Iran deal.

Daniel and Richard joined Jason Bordoff on the afternoon of June 18 to unpack the escalating conflict in the region. They discussed the current state of Iran's nuclear program, the scenarios for conflict escalating in the Middle East and how oil prices fit into and might be affected by all of this.

Credits: Hosted by Jason Bordoff and Bill Loveless. Produced by Mary Catherine O'Connor, Caroline Pitman, and Kyu Lee. Gregory Vilfranc of Franc Village Studios engineered this show.

Climate imperatives, national security, and the need for reliable, carbon-free, dispatchable power to meet rising electricity demand are all contributing to a resurgence in nuclear energy. The United States is taking a leading role in this industry's growth. Tech companies are signing major deals for nuclear energy to meet their growing energy needs. And President Trump recently signed four executive orders aimed at dramatically increasing nuclear power generation — an issue with rare bipartisan support.

But significant challenges remain. Cost overruns and delays, as seen with the troubled Vogtle project in Georgia, are hampering power plant construction in the US. Meanwhile, China and Russia are dominating global nuclear construction and fuel, raising questions about American competitiveness and national security.

So can the United States become a leader in nuclear energy deployment, without sacrificing safety? What role will new technologies and policy play in changing the trajectory? And what part should the US government play in financing, regulating, and promoting nuclear energy both domestically and internationally?

This week, Jason Bordoff speaks with Ashley Finan and Matt Bowen about the drivers behind this nuclear resurgence and why, as they argue in a recent Foreign Policy article, it is vital to meet rising electricity demand.

Ashley recently joined the Center on Global Energy Policy as a global fellow after serving in senior leadership roles at Idaho National Laboratory, where she worked on nuclear energy and national security issues. Matt is a senior research scholar at the Center on Global Energy Policy, where he focuses on nuclear energy policy, economics, and regulation.

Credits: Hosted by Jason Bordoff and Bill Loveless. Produced by Mary Catherine O'Connor, Caroline Pitman, and Kyu Lee. Engineering by Sean Marquand. Stephen Lacey is executive producer.

On June 12th, Israel carried out overnight airstrikes targeting Iranian nuclear facilities, military infrastructure, military leaders, and nuclear scientists. While the full scope and implications of the attack are still emerging, energy markets responded immediately. Oil prices spiked in the aftermath, although they subsequently eased.

What are the regional implications of this conflict? How might Iran retaliate and how might the US respond? How will this impact ongoing negotiations between the US and Iran over Iran's nuclear program? And what are the possible impacts on energy markets?

For this special episode, we pulled in two leading experts from the Center on Global Energy Policy to discuss what we know so far about Israel's attack on Iran and what could happen in the coming days and weeks.

Richard Nephew is a senior research scholar at the Center on Global Energy Policy. He formerly served as the US Deputy Special Envoy for Iran under the Biden administration where he played a key role in negotiations over the Iran nuclear deal.

Karen Young is a senior research scholar at the Center on Global Energy Policy and a senior fellow at the Middle East Institute, where she focuses on the political economy of the Gulf states and energy policy.

Karen and Richard joined host Jason Bordoff to unpack the escalating conflict in the region. They discussed the current state of Iran's nuclear program, the potential consequences of the unfolding crisis, and what key developments to watch for.

Credits: Hosted by Jason Bordoff and Bill Loveless. Produced by Mary Catherine O'Connor, Caroline Pitman, and Kyu Lee. Gregory Vilfranc of Franc Village Studios engineered today's show.

Congress is rushing to enact what could be the most significant energy policy reversal in decades. The US Senate has begun work on an enormous budget reconciliation bill that would extend President Trump's tax cuts while all but eliminating clean energy programs to help pay for them. The House version substantially repeals nearly all tax credits from the Inflation Reduction Act—affecting everything from solar and wind development to hydrogen and carbon capture projects.

According to the Sabin Center for Climate Change Law at Columbia Law School/Columbia Climate School, approximately $9.65 billion in unobligated IRA funds are at risk of rescission. Critics of the cuts say this could kill progress toward decarbonization, and pull the plug on US clean energy manufacturing. But supporters argue it's necessary fiscal discipline.

So what's really happening in the Senate? Can moderate Republicans preserve some clean energy provisions? And with a Fourth of July deadline looming, what wildcard events could change the political calculus?

This week, Bill Loveless speaks with energy analyst Kevin Book about the massive budget reconciliation bill currently moving through Congress and what it could mean for US energy policy.

Kevin is managing director of research at ClearView Energy Partners. He has tracked congressional energy legislation and its real-world impacts for years. In addition to leading ClearView's research team, he is a member of the Council on Foreign Relations and the National Petroleum Council, an advisory body to the Secretary of Energy. He's also a non-resident senior associate at the Center for Strategic and International Studies.

Credits: Hosted by Jason Bordoff and Bill Loveless. Produced by Mary Catherine O'Connor, Caroline Pitman, and Kyu Lee. Engineering by Sean Marquand. Stephen Lacey is executive producer.