Low-carbon ambitions will require huge amount of global investment
Policy measures key to US net-zero goal
The new administration has set lofty low-carbon ambitions but must take radical action to overhaul the nation’s energy mix
President Joe Biden’s pledge for the US to achieve net-zero emissions by no later than 2050 will rely on innovative policies that foster low-carbon investment, retain jobs and safeguard national energy security, agreed a panel at CeraWeek by IHS Markit. “If we think that just putting a few temporary incentives and manufacturing tax credits in place is going to grow a green energy economy, we are sorely mistaken,” says Sarah Ladislaw, senior vice president and director of the climate change programme at thinktank the Center for Strategic and International Studies. “We just do not have the policy certainty in the US.” Ladislaw points to the state capitalist policies currently being implemented
Also in this section
17 July 2025
US downstream sector in key state feels the pain of high costs, an environmental squeeze and the effects of broader market trends
16 July 2025
Crude quality issues are an often understated risk to energy security, highlighted by problems at a key US refinery
15 July 2025
Government consultations on the windfall tax and the exploration licence ban are positive steps, but it is unclear how long it will take for them to yield tangible outcomes
15 July 2025
A brutally honest picture about the potential role of oil and gas in 2050 should prompt policymakers to not only reflect but also change course to meet vital energy needs
