Jennifer Granholm on What Will Survive of Biden's Energy Legacy
Odd Lots
Bloomberg
4.4 • 1.6K Ratings
🗓️ 26 December 2024
⏱️ 42 minutes
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Summary
The Biden administration made energy and climate a centerpiece of its administration, most notably through the Inflation Reduction Act. At the same time, we’ve seen a boom in US oil and gas production the last four years, alongside the novel use of the Strategic Petroleum Reserve as a price and supply stabilization tool. Meanwhile, investments in batteries and other clean technologies have been framed as crucial from the perspective of strategic and economic competition with China. So what was accomplished? And what will persist after the Trump administration comes into office? On this episode, we speak with US Energy Secretary Jennifer Granholm about her transformation of the department, and how she thinks about the future of existing energy strategies and policies under Trump.
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| 0:35.6 | Podcasts, Radio News. |
| 0:49.7 | Hello and welcome to another episode of the Odd Lots podcast. |
| 0:53.9 | I'm Joe Wisentoe. |
| 0:55.0 | And I'm Tracy Allaway. |
| 0:56.7 | Tracy, obviously, new administration coming in. One of the stories that we covered a lot with this administration was there has been a lot happening in the energy world. |
| 1:07.0 | Yes. So obviously clean energy was a big part of things like the IRA, but we also had the Department of Energy's loan programs office headed by Jigger Shaw, who we've had on the podcast a number of times deploying billions of dollars across new clean energy. And the question that everyone is asking now is how much of that is durable in the face of a new administration, which has said various, let's just say, unflattering things maybe about Biden's clean energy tendencies. |
| 1:36.3 | No, there's so much. Like we probably, I mean, if we like went back and looked at all of the episodes we've done and categorized them over the last four |
| 1:45.0 | years because we've done lots of episodes about the specific technologies. We've done episodes on |
| 1:52.3 | nuclear. We've done numerous episodes on oil and the use of the strategic petroleum reserve. |
| 1:57.6 | And we've done episodes on geothermal, and then the return of load growth |
| 2:01.3 | in America between data centers and economic growth, et cetera. We've probably done more |
| 2:07.0 | energy episodes than any other topic, or at least close, and we're at a crossroads, |
| 2:13.5 | probably in multiple ways. The changing the administration is the obvious one. But then there are |
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