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Opinion: The Energy Transition Needs Astute Energy Policy
The energy industry is not a monolith. It’s a complex matrix of producers, sources, service and product suppliers, merchants and others that all have a role to play in each iteration of an energy transition.Today’s transition adds societal pressures, mountains of data and competing analyses in the mission to reduce greenhouse-gas emissions.
KEY INSIGHTS
To get to reliable, affordable and clean energy, the industry, policymakers and the investment community need to come together in support of achievable and “stretch” goals, predictable legislation and regulation, and a clear understanding that arbitrary dates do not speed up technological advances.
Policymakers are urged to think big but support solid public policy to help the world reach these goals:
- Acknowledge that energy transition is about choices and not picking winners and losers.
- Support the technological revolution. In every area of energy production, companies are inventing and innovating.
- Reflect the reality that all energy sources have environmental impacts and technological challenges.
BOTTOMLINE
With smart and realistic public policy that balances economic development and a charge to combat climate change, we can set a course that delivers the reliable, affordable and resilient energy supply we all demand.
Opinion: The Energy Transition Needs Astute Energy Policy
With smart and realistic public policy that balances economic development and a charge to combat climate change, we can set a course that delivers the reliable, affordable and resilient energy supply we all demand.
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