Trump’s tariffs hit New York hard, threatening clean energy progress.

The Impact of Trump’s Tariffs on New York State

The tariffs imposed by the Trump administration have significant implications for New York state, particularly in the context of clean energy transmission. The investment in the clean energy transmission line from Quebec is a critical component of the state’s efforts to reduce greenhouse gas emissions and transition to a more sustainable energy mix. The transmission line, which spans over 1,000 miles, will enable the transportation of renewable energy from Quebec to New York state, reducing the state’s reliance on fossil fuels and lowering its carbon footprint. The project is expected to create over 1,000 jobs and stimulate economic growth in the region.

Resilient and Reliable, Geothermal Energy Thrives in a Changing World.

The Resilience of Geothermal Energy

Geothermal energy has emerged as a reliable and sustainable source of power, particularly in the face of climate change and shifting global politics. One of the key advantages of geothermal energy is its resilience to external factors, such as political instability and economic fluctuations. Unlike other forms of renewable energy, geothermal energy is not dependent on international trade agreements or foreign investment.

Domestic Production

The production of geothermal energy is largely domestic, with many countries investing heavily in their own geothermal resources. In Massachusetts, for example, one quarter of the buildings in the state are expected to use geothermal heating and cooling by 2050. This is a significant increase from the current number of geothermal systems in the state, and it highlights the growing interest in geothermal energy as a sustainable and reliable source of power. Key benefits of domestic production: + Reduced reliance on international trade agreements + Increased energy security + Job creation and economic growth + Lower carbon emissions

Thriving in Red States

Geothermal energy is also thriving in red states like Oklahoma, where the energy landscape is dominated by fossil fuels. Despite the challenges posed by the oil and gas industry, geothermal energy is gaining traction in Oklahoma, with several major projects underway.

The Rise of Publicly Owned Renewable Energy

In recent years, the concept of publicly owned renewable energy has gained significant traction, particularly in the United States. Cities and states are increasingly adopting this model, which involves the public sector taking a more active role in the development and operation of renewable energy projects.

“We need to rethink the way we think about public goods and how we can make them more sustainable and equitable.”

The Need for Innovative Institutions

The increasing demand for public goods like energy will necessitate the development of new institutions that can effectively manage and provide these goods. This is because traditional institutions, such as governments and corporations, may not be equipped to handle the complexities and challenges associated with providing public goods. Key characteristics of public goods: + Non-excludable: cannot be excluded from use by others + Non-rivalrous: one person’s use does not reduce the availability for others + Difficult to measure: difficult to quantify the value of public goods + Difficult to provide: difficult to provide public goods due to free-rider problem

The Challenges of Providing Public Goods

Providing public goods like energy poses several challenges, including:

Rethinking Public Goods

To address the challenges associated with providing public goods, it is necessary to rethink the way we think about public goods and how we can make them more sustainable and equitable.

The Misguided Logic of Trump’s Announcement

The President’s decision to increase domestic oil and gas production is based on a flawed understanding of economics and energy policy. The administration’s argument that more domestic drilling will reduce the country’s reliance on foreign oil and lower prices is a simplistic and misguided one.

The Myth of the “Energy Independence” Myth

The idea that increasing domestic oil and gas production will lead to energy independence is a myth. The United States is already a net importer of oil, meaning that it imports more oil than it exports. In fact, the country relies on foreign oil for over 50% of its energy needs. Increasing domestic production will not eliminate this reliance, but rather reduce the country’s dependence on a few key suppliers. The United States has a long history of relying on foreign oil, dating back to the 1970s when the country’s oil production peaked. The country’s oil production has been declining steadily since then, with the exception of a brief period in the early 2000s. The current administration’s focus on increasing domestic production is a misguided attempt to address this decline.

The Economic Reality of Domestic Drilling

The economic reality of domestic drilling is that it is not a viable solution to the country’s energy needs. The cost of extracting oil and gas from domestic sources is high, and the returns are often not worth the investment.