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US: At a global conference on clean energy, Granholm announces billions in federal aid for carbon capture and emerging technology
(Inside Climate News, 26 Sep 2022) Outside the meeting in Pittsburgh, environmental activists denounced the technique for capturing carbon emissions from smokestacks, calling it an expensive diversion that would promote the continued extraction of oil and gas.
As world leaders gathered in New York City last week for the 77th U.N. General Assembly, another international conference focused on a global transition to clean, renewable energy took place here in what has been the epicenter of the American steel industry.
At stake was how trillions of dollars will be spent to catapult technologies like carbon capture and storage, hydrogen and long-term battery storage from the research and development phase to commercialization over the next decade. Energy Secretary Jennifer Granholm, who hosted the conference, said the clean energy market will reach $23 trillion by 2030, with demand for green technology like wind turbines and batteries soaring as costs fall.
The inaugural Global Clean Energy Action Forum brought together energy and science ministers from over 30 countries, CEOs and thousands of clean energy enthusiasts. Big names like Bill Gates, the billionaire philanthropist who co-founded Microsoft, John Kerry, the Biden administration’s climate envoy, and Sen. Joe Manchin (D-West Virginia) took to the main stage to promote public-private partnerships aimed at decarbonizing heavy industries like steel, cement, shipping and aviation, and promoting clean energy jobs. “Deploy, deploy, deploy,” Granholm said, referring to the rollout of clean energy technologies, on the conference’s opening night.
Inside Climate News, 26 Sep 2022: US: At a global conference on clean energy, Granholm announces billions in federal aid for carbon capture and emerging technology
