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Foreign Policy Live

The Future of Clean Energy

Foreign Policy Live

Foreign Policy

Politics, News Commentary, News

4601 Ratings

🗓️ 20 December 2024

⏱️ 30 minutes

🧾️ Download transcript

Summary

The incoming Trump administration is expected to gut a key piece of President Biden’s climate legacy: the Inflation Reduction Act. How will rolling this law back shape energy policy in the future? And what does this mean for the Paris Climate Accords? The Biden administration’s top climate diplomat, John Podesta, joins FP Live to discuss.  Suggested reading (FP links are paywall-free):       Transcript: Will Trump Dismantle Biden’s Clean Energy Initiative Cameron Abadi and Adam Tooze: The Complicated Legacy of Biden’s Climate Legislation Tim Hirschel-Burns: On Climate, Paying Now Is Cheaper Than Paying Later Jason Bordoff and David R. Hill: The Key to a Successful Trump Energy Agenda Is Electricity Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hi, I'm Ravi Agruwal, Foreign Policies Editor-in-Chief. This is FP Live.

0:11.1

How will history judge the Biden administration? I guess it depends on which issue you want to focus on.

0:18.0

But if you take climate change, for example, there is little doubt that the

0:21.9

current White House exerted significant political capital to promote a bold climate agenda.

0:28.5

Now, climate activists can and will criticize the administration's record oil and gas production,

0:34.3

and they can also say that the United States hasn't done enough to help the least

0:38.1

develop countries with mitigation and adaptation, fair criticisms. But still, the Inflation Reduction

0:45.5

Act, weirdly named as it is, created massive incentives for companies to invest in clean energy.

0:52.6

And the question on everyone's minds seems to be,

0:56.0

will the next White House roll back that progress?

0:59.8

Can market forces push back?

1:02.1

And if so, how?

1:04.2

Well, my guest this week is the president's senior advisor

1:07.4

for international climate policy, John Podesta.

1:12.5

He's also a former White House Chief of Staff under President Bill Clinton and has handled more than one presidential transition,

1:18.2

so later in the interview, we will get to his views on the Trump transition as well.

1:23.2

As always, we love hearing from you. Our email is live at foreign policy.com.

1:28.4

Let's dive in.

1:34.4

John, welcome to FP Live.

1:36.4

Ravi, thank you for having me on.

1:38.2

It's a real pleasure.

1:39.2

So let's start with a question on everyone's minds.

...

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