Earlier this year, the US Securities and Exchange Commission (SEC) proposed new regulations that would require publicly-traded companies to estimate their greenhouse gas emissions and disclose certain climate risks. The mandated rules around disclosure would be unprecedented in the United States and come at a time when investors are increasingly concerned about companies’ environmental, social, and governance (ESG) commitments. But the controversial measure is stirring up complaints – from those who say it goes too far, and others who say it doesn’t go far enough.  For deeper insight into the SEC’s proposed rules, host Bill Loveless spoke with Dr.  Shivaram Rajgopal, the Kester and Byrnes Professor of Accounting and Auditing at Columbia Business School.  Shivaram was previously a faculty member at Duke University, Emory University and the University of Washington, and his work is frequently cited in outlets like The Wall Street Journal, The New York Times, Bloomberg, and Forbes.  Together, they discuss some of the key provisions in the proposal and the broader implications it could have for the future of corporate climate accountability. 

Corporate Climate Disclosure: US SEC Weighs Rules

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The elections for the European Parliament will take place in a couple of days, and polls currently suggest the Parliament will undergo a rightward shift.  The last elections five years ago in 2019 saw major electoral gains for the environmentalist parties and popular support for ambitious energy transition plans. But the upcoming elections come following a tumultuous few years for the continent that included an energy crisis and an economic crisis.   So how will the upcoming elections impact Europe's energy transition? And how will Europe balance the needs for more rapid climate action, energy security and economic competitiveness? This week host Jason Bordoff talks with Dominique Ristori about how Europe will accelerate its clean energy progress and enhance its energy security. Dominique is the former director general energy of the European Commission. He currently is a senior advisor at Dentons Global Advisors. Dominique began his career at the European Commission in 1978 and held several senior positions throughout his career. Prior to his role as director general energy, he was director-general of the Joint Research Center.

What’s Next for Europe’s Energy Transition?

On May 8th, the U.S. Department of Energy proposed ten new “national interest electric transmission corridors” – a designation that allows the federal government to accelerate projects in areas where consumers are harmed by lack of transmission.  Days later, on the 13th, the Federal Energy Regulatory Commission released Orders 1920 and 1977. Both of the new rules aim to expedite the build out of the nation’s electric grid by tackling major issues such as cost allocation and long-term planning.  So, how will these actions from the federal government impact transmission projects? What are critics of the FERC rules saying? And why are these long-awaited reforms happening now?  This week host Bill Loveless talks with Rob Gramlich about the impact the new FERC rules will have on current and future transmission projects.   Rob is the founder and president of Grid Strategies, a consulting firm focused on transmission and power markets. He has co-founded multiple organizations focused on power systems reliability and sustainability, including Americans for a Clean Energy Grid and the Working for Advanced Transmission Technologies Coalition. From 2001-2005, Rob served as an economic advisor to FERC chairman Pat Wood.

Inside New U.S. Transmission Rules

Industry accounts for one-third of global greenhouse gas emissions, a share that will only increase in the coming years.  Other high-emission sectors, like electric power and transportation, are cutting emissions  through renewables and electrification. But the pathways to reducing emissions from manufacturing materials such as iron, steel, chemicals, cement, and concrete are still unclear.  A new book by Jeffrey Rissman, titled Zero-Carbon Industry: Transformative Technologies and Policies to Achieve Sustainable Prosperity., dives into the nuances of industrial decarbonization and lays out a roadmap for eliminating greenhouse gas emissions between 2050 and 2070.  So, what are some of the pathways for reducing manufacturing emissions? And how can policy support decarbonization?  This week host Bill Loveless talks with Jeffrey about his book and its look at the workings of heavy industrial polluters and the ways to affordably decarbonize manufacturing.  Jeffrey is the senior director of the industry program at Energy Innovation, a nonpartisan energy and climate policy firm, where he leads the company’s work on technologies and policies to eliminate greenhouse gas emissions from the industry sector.  Zero-Carbon Industry is part of the Center on Global Energy Policy’s book series, and is published by Columbia University Press. 

Can Industry Eliminate Its Carbon Pollution?

In April, the Environmental Protection Agency passed  four new rules to reduce pollution from fossil fuel-fired power plants. One of the new rules requires many new gas and existing coal power plants to control 90 percent of their carbon pollution if they plan to operate beyond 2039. The other three rules specifically target coal, requiring the industry to clean up various parts of the value chain including toxic metal emissions from power generation, wastewater pollution, and coal ash management. And while the Biden Administration and other proponents consider the new rules a step in the right direction, opponents argue they will undermine the reliability of energy systems.    So, how will the EPA’s new regulations impact the energy industry? What makes these standards different from previous attempts to regulate energy emissions? And how might opponents try to overturn them? This week host Bill Loveless talks with Jody Freeman about the technicalities of the new EPA power plant rules, and the legal avenues opponents might pursue to overturn them. Jody is the Archibald Cox professor of law and the founding director of the Harvard Law School Environmental & Energy Law Program. From 2009-2010, she served as a counselor for energy and climate change in the Obama White House. Jody has also previously served on the Advisory Council of the Electric Power Research Institute and as an independent director of ConocoPhillips.

EPA Cracks Down on Power Plant Emissions

Indonesia’s economy is closely tied to its natural resources. It’s the world’s fourth largest producer of coal, and Southeast Asia’s largest gas supplier.  But even with its connection to fossil fuels, the country’s population strongly supports climate goals. In this year’s presidential election, every candidate advocated for the energy transition and more renewables.  At the same time, like many developing countries, Indonesia needs energy security, increased access to energy, and affordability. These factors complicate the energy transition, and could prolong the use of existing fossil fuel infrastructure and abundant coal resources.  So, how can Indonesian policymakers balance economic development and the energy transition? What is the role of renewables in meeting the country’s growing energy demands? And how can Indonesia collaborate in energy with other Asian nations? This week host Bill Loveless talks with Mari Pangestu about the efforts to build a clean energy economy in Indonesia.  Mari is a distinguished visiting fellow at the Center on Global Energy Policy. From 2020 to 2023, she served as the managing director of development policies and partnerships at the World Bank. Prior to joining the World Bank, Mari served as Indonesia’s minister of trade and as minister of tourism and creative economy.

Corporate Climate Disclosure: US SEC Weighs Rules

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