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How a reactionary worldview infuses the environmentalism of the ‘Green King’

What is it with royals and gurus? Russia’s Nicholas II, of course, had his Grigori Rasputin; Catherine de’ Medici of France, her Nostradamus. Recently, Princess Märtha Louise of Norway announced she plans to step down from royal duties in order to marry “Shaman Durek,” formerly Gwyneth Paltrow’s guru. (Though the royal wedding is currently postponed due to Durek’s health, the happy couple still posed for the cover of — I can’t believe this is actually real — Gurus Magazine).
The reigning monarch of the United Kingdom and Commonwealth realms, King Charles III, is no different from his royal colleagues in this respect. Following the death of his mentor, Lord Mountbatten, in 1979, the young Prince of Wales gravitated toward Sir Laurens van der Post, an author, Jungian mystic, and “seer” who had “a particular following among right-wingers,” including Margaret Thatcher. Up until van der Post’s death in 1996, he was “reported to have more influence over Charles than any other person,” The Washington Post writes.
Revered as a “modern-day saint” during his lifetime, van der Post, like many a guru, was posthumously exposed as a fraud and a charlatan. Critics also rightly pointed out his penchant for espousing racialist primitivism, especially regarding the San people, the Indigenous community in southern Africa; it further came to light that van der Post had sexually abused a 14-year-old girl entrusted to his care in 1952, when he was nearly 50, resulting in the birth of a daughter he never publicly acknowledged. But by the time of these revelations in the early 2000s, the damage was already done: Charles had named van der Post as his firstborn son’s godfather; had sought van der Post’s counsel with Princess Diana during the dissolution of their marriage; and wholly absorbed van der Post’s traditionalist worldview — the same one, in fact, that admirers now mistake for Charles’ progressive stance on climate change.
In the lead-up to Coronation Day, many have speculated whether Charles will be as green a king as he was a prince or if assuming the throne will require of him a constitutionally mandated self-muzzling. Liberals have their fingers crossed that he’ll subtly continue campaigning for sustainable living, organic farming, and twice-a-week vegetarianism; conservatives, meanwhile, have hand-wrung about the king’s apparent “woke pandering,” as Petronella Wyatt bemoans in The Telegraph. “It is particularly disturbing that the Earl of Derby has not been asked to provide falcons [for the coronation], as his family have done since the 16th Century,” she went on. “These little things deprive people of their purpose in life.”
Wyatt can rest assured, though, that Charles is far more of a traditionalist than meets the eye. Sure, the king’s Aston Martin might have been modified to run on bioethanol fuel made from surplus wine and leftover whey from cheese-making, but his real creed, The Spectator cannily observes, is that “there is divine wisdom in all human traditions until modernity comes along and rips us away from any semblance of harmony with nature.”
In practice, this driving philosophy of Charles’ has often clashed with the greater climate agenda: He has resisted and blocked onshore wind energy on aesthetic grounds; he refuses to let his model village install energy-efficient windows, insisting they be made of traditional wood; and while he’s a conservationist most of the time, he once pressured the prime minister against enacting a ban on foxhunting, defending it as “completely natural … in that it relies entirely on man’s ancient and, indeed, romantic relationship with dogs and horses.”
The king also hates, hates, modern architecture, which once led him to suggest — in what, it must be acknowledged, was an absolute banger of a galaxy-brain moment — that you’ve sorta gotta hand it to the Luftwaffe. And while his work toward recognizing the colonialist violence of the empire against the First Nations people of Canada has been meaningful (though he’s stopped short of an actual apology), Charles’ interest can at times contain traces of the exotified difference his guru expressed toward the San as “children of nature” and “mystical ecologists”: Recently the king urged working with “indigenous knowledge-keepers” in Canada to “restore harmony with nature.”
Taken into consideration with his obsession with Britain’s “forgotten” farmers and his comments blaming population growth in Africa for overtaxing nature’s “bounty,” Charles begins to seem less like a progressive environmentalist than a traditionalist yearning for an imagined, idyllic, pastoral past.
But Charles did not arrive here all on his own. Van der Post was a primitivist who styled himself, misleadingly, as an experienced anthropologist — “a believer in the higher wisdom of tribal culture ... and in the need for civilized people to re-connect with this wisdom,” The Spectator writes. It was van der Post, further, who “fired Charles’ interest in multiculturalism and gave him a philosophical framework for his ideas, ranging from organic farming to the need for modern Britain to embrace religions other than Christianity,” The Washington Post says (at his coronation, Charles will be declared the defender of Faiths, rather than the Faith).
Charles’ interest in homeopathy and natural medicine, including what Gawker once described as a “decades-long failed quest to get the NHS to consider implementing Gerson therapy for cancer patients, a diet in which a sick person drinks 13 glasses of juice a day and takes regular self-administered coffee enemas,” can also be traced back to van der Post. Most significantly, it was also the guru who reportedly urged the young prince to use his platform to “restore the human being to a lost natural aspect of his own spirit; to restore his relevance for life and his love of nature, and to draw closer to the original blueprint and plan of life.”
Charles has been a good disciple. In 2010, he published Harmony: A New Way of Looking at Our World, a book that echos van der Post’s theory of oneness (itself a derivative of the Jungian concept of “collective unconscious”). Harmony continues to be heralded as an environmentalist manifesto with its calls for a “Sustainability Revolution,” although its chief target is the rise of modernism since the Enlightenment. This nostalgia for the pre-industrial past is a common reactionary response that can be traced through the global right; pesky modernism, of course, also brought about the political agency of the working class, greater living standards, and liberation movements. “[King Charles] is fond of saying that we have an obsession with economic growth, which he says is bad,” Charles Moore, the former editor of the Daily Telegraph and The Spectator, added to The American Conservative. “I would say another way of putting it is that you would like people to be poorer.”
Or, put another way: The “harmony” King Charles raves about is just another word for “order,” as Jonathan Healey, the author of “The Blazing World: A New History of Revolutionary England, 1603-1689,” proposed to The New Yorker’s Rebecca Mead. “It hinges on everyone knowing their place,” he elaborated. “The peasants don’t question who is in charge, and they are happy.”
It’s understandable why a king of a dwindling empire might have his focus on the halcyon days. This also makes him especially inclined toward existing right-wing schools of thought. When pouting over the Foreign Office denying his trip to the Kalahari with van der Post in the mid-1970s, for example, Charles reportedly recognized in a letter to a friend that Britain’s government was “still operating, and thinking, as if we were a major world power ... That is palpably not the case at the moment.” Here, though, he ends up sounding like a Little Englander, a member of a nationalist movement that has embraced Britain’s diminished imperial standing by pivoting to “sentimental ideas about preservation of the English rural establishment and English nature” (in addition to anti-immigrant stances, natch). Sure enough, a recent op-ed in Unherd applauded King Charles while making the case for a modern “Little England” movement.
Or how about Charles as an adherent of “reactionary radicalism,” what author Paul Kingsnorth defines as “a defense of a pre-industrial, human-scale system, built around community bonds, empowered people, local economics”? Others have certainly made the connection: “The affinity between Charles and [the writer Wendell Berry] is instructive,” The American Conservative writes, calling the pair “traditionalists, though not exactly conservatives … what my friend Bill Kauffman would call ‘reactionary radicals.’” What unites them is a criticism of “industrialism, consumer capitalism, and scientism,” and their belief that “family farms [...] are the only basis for a stable and happy society.”
Charles’ defenders might make the case that surely a green king is better than a king of a different color, however woo-woo the origins of his interest might be. But as Mead notes, the sum of his philosophy, while perhaps not quite “feudalism-curious,” ultimately “does appear to incorporate an implicit defense of his monarchical position.” Writer Sam Circle, in a review of Mead’s piece, reaches for a sharper characterization: “He’s Ecofascism-curious,” Circle writes. “There are some obvious things which go along with the return to an earlier, unsullied time that Charles wishes for, and you don’t have to look much further than his reaction to his son’s interracial marriage to see them reflected in Charles.”
Whatever progressivism does creep through Charles’ otherwise traditionalist brand of environmentalism is rickety and undermined by his nostalgia. It’s too simple, though, to dismiss him as just wanting the good ol’ days when being king really meant something. Charles’ crisis is an existential one: an irrelevant king clinging desperately to the ideas of the person who once gave him meaning. “The battle for our renewal can be most naturally led by what is still one of the few great living symbols accessible to us – the symbol of the crown,” van der Post had written long ago to Charles.
Rather than a champion of the planet, Great Britain is gaining a champion of a very specific vision of the U.K., one where mending your tartan tweed and supporting your local farmers is of equal importance to uniformly painted homes and an absence of visible satellite dishes. How attainable, much less desirable, a return to Britain’s pastoral roots actually is might be beside the point. The power of a monarch, much like the power of a guru, comes from convincing others to believe in him. Once formally anointed Sovereign by the coronation spoon on Saturday, it will then become Charles’ turn to whisper into the ear of the nation, to instill grandeur into his vision of how things could be.
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In an age of uncertainty, investors want proven technologies.
When Trump won a second term, nobody quite knew exactly what havoc he would wreak on the climate tech industry — only that its prospects looked deeply unstable. After all, he’d alternately derided and praised electric vehicles, accused offshore wind turbines of killing whales, and described himself as “a big fan of solar” — save for its supposed harm to the bunnies — all while rallying supporters around the consistent refrain of “drill, baby, drill.”
At the same time, a number of key technologies continued moving down the cost curve, supportive policy or no. This collision of climate tech antipathy and maturing technology is already reshaping the funding landscape. New reports from Sightline Climate, Silicon Valley Bank, and J.P. Morgan point to a clear bifurcation in the industry: While well-capitalized investors and more established climate tech companies continue to raise sizable funds and advance large-scale projects, much of the venture ecosystem that backs earlier-stage solutions is struggling to keep up.
The headline numbers — which look strong at first glance — help obscure that reality. Sightline Climate’s Dry Powder and New Funds report, for instance, shows investors raising a record $92 billion in new climate-focused capital across 179 funds last year. But 77% of that total was concentrated among the largest players, institutional heavyweights like Brookfield Asset Management, Copenhagen Infrastructure Partners, and Energy Capital Partners, which tend to back proven technologies such as utility-scale solar, wind, and battery projects.
“A lot of infrastructure funds are very comfortable saying, Yeah, I’m going to do wind and solar. I know how that works. I can see the project finance there. All good,” Julia Attwood, Sightline’s head of research, said on a webinar about the firm’s report.
Meanwhile, the proportion of U.S. investment going to seed and Series A companies fell for the first time in about a decade, according to Silicon Valley Bank’s Future of Climate Tech report, bad news for less mature but critical technologies like carbon capture, green steel, low-carbon cement, and agricultural decarbonization. These remain the domain of more risk-tolerant early-stage venture investors, whose share of total funding raised is similarly shrinking, dropping from about 20% in 2021 to under 8% last year, according to Sightline. That’s due to both a decline in VC fundraising — the average fund size dropped from $174 million in 2024 to $160 million in 2025 — as well as infrastructure’s share of the pie growing as the industry matures.
Capital concentration also shows up within early-stage venture itself. While Silicon Valley Bank’s topline numbers show startup valuations increasing at every stage from seed to Series C and beyond, “there’s clearly a story behind that where the top performers are doing really well and a lot of the longer tail are still scraping to keep up,” Jordan Kanis, Silicon Valley Bank’s managing director of climate technology, told me. “There’s still money flowing into early stage companies. I think there’s more selectivity. It’s a higher bar.”
That selectivity has become a necessity, as investors struggle to raise fresh capital from their limited partners in a politically volatile environment, in which affordability and energy security have become the name of the game and the word “climate” is all but forbidden. Even before Trump’s second term, LPs were facing a liquidity crunch, as infrastructure-heavy climate tech companies often take a decade or more to exit and return capital to investors. So until those IPOs or acquisitions accelerate, many LPs will likely remain cautious about ponying up additional capital.
This year could be a turning point on that front, however, with nuclear startup X-energy going public last month at a valuation of nearly $12 billion, and geothermal unicorn Fervo Energy gearing up for its pending IPO. “Nothing gets this fired up more than some really good exits,” Andrew Beebe, managing director at Obvious Ventures, told me, referring to the climate tech ecosystem at large. “That’s going to get people talking a lot about the opportunities in the space.”
Obvious, which invests in climate tech companies but also those focused on “human health” and “economic health,” is one of the few venture investors to bring in fresh capital recently, raising about $360 million in January for its fifth fund. Last year, only 39% of climate-focused VC funds that were actively raising were able to close, according to Sightline Climate’s data, compared to 73% of mature infrastructure funds and 60% of growth funds.
Beebe said that for a well-known firm like Obvious, which has been investing in this space for over a decade, “we did not find it that hard” to raise, explaining that “LPs today are favoring experienced teams with track records.” The firm’s diversification beyond climate also might have been a boon, he said. And there’s always the possibility that “there were just too many funds, and we’re going to see a thinning of the field” in both climate and the venture landscape at large.
Indeed, the broader venture market mirrors many of these trends, indicating there’s more than just political sentiment — or even climate industry maturation — driving capital concentration at the top. For one, the entire venture industry contracted after 2022, as post-pandemic interest rates rose, money got more expensive, and valuations plummeted across the board. That’s led investors across all categories to hold off until companies demonstrate significant proof of traction.
“When we look at tech firms and look at how much revenue the median Series A company has in 2021 and compare that to what they had in 2025, it’s double,” Eli Oftedal, a principal researcher at Silicon Valley Bank, told me, meaning Series A companies are bringing in much more revenue than they were five years ago. “Investor expectations are higher across the board, not just in climate, and that’s a pretty clear indication of the whole ecosystem changing to request a higher level from founders.”
At the same time, revenue growth rates have slowed, elongating the time it takes startups to move from one round to the next. This environment has LPs and investors placing big bets on a few prosperous industries that seem almost guaranteed to generate returns, whether it’s solar and wind or artificial intelligence companies. For instance, OpenAI and Anthropic raised $40 billion and $13 billion last year, respectively, accounting for 14% of total global venture investment in 2025.
That type of focused hype is redirecting attention from generalist investors — who might have otherwise funded climate tech — toward more AI-centric bets. But the AI boom and the accompanying data center buildout are also behind many of today’s strongest climate tech deals, with surging electricity demand fueling investment in clean energy and gridtech startups as hyperscalers look to meet their ambitious — and perhaps impractical — climate targets.
“If you’re investing in the clean baseload energy and power part of climate tech, there’s so many dollars that need to be deployed to bring these companies to scale, and they’re viable today,” Robert Keepers, head of climate tech at J.P. Morgan Commercial Banking, told me. “Funds that are focusing on that part of the sector are doing really well.”
But the result is also a dynamic that disproportionately favors the energy sector, the most mature segment of the climate tech ecosystem. Last year, three quarters of new capital raised by climate-focused funds was earmarked for energy investments, leaving sectors including transportation, industry, and agriculture increasingly cut off from capital
If the trend continues, it could create a pipeline problem. Infrastructure investors would keep scaling solar and wind farms alongside politically favored tech like nuclear and geothermal, while a dwindling supply of venture capital leaves fewer next-generation companies able to graduate into that queue. “If they don’t have VC commercializing and providing [first-of-a-kind] funding for a bunch of the new tech then you’re just going to see more and more concentration in a few technologies, and you won’t really have that growth of a brand new market,” Attwood explained on the call.
As of now, however, that’s just speculation. As Attwood noted, Sightline’s data is based on climate tech funds that have already closed. “There’s another $200 billion out there that has not closed yet,” she emphasized. “So if all of that money is still in the pipeline, is still moving through, and could reach close fairly soon, that’s a huge indicator that there is still appetite to fund climate.”
With the historic level of electricity demand growth, Keepers told me “there’s never been this much momentum in the space.” And the climate issue certainly isn’t going away anytime soon. As Silicon Valley Bank’s report notes, over the past decade, billion-dollar climate and weather disasters alone have caused $1.5 trillion in direct damages — a figure that excludes smaller disasters and doesn’t even begin to capture the catastrophes’ broader economic ripple effects.
“We’re tackling a problem that some people still don’t really see, and we see with great clarity. So that’s where you make a lot of money,” Beebe told me. “Unlike some other cycles like blockchain, or crypto, or even enterprise SaaS, this cycle doesn’t come and go. It is a one way street. It will continue to become a bigger and bigger opportunity.”
Current conditions: Temperatures are climbing to 100 degrees Fahrenheit in Las Vegas as a heat wave settles over the Southwest • In India’s northwest Gujarat state, thermometers are soaring as high as 112 degrees • Fire season in the U.S. state of Oregon has officially begun, weeks ahead of usual.
A tanker carrying liquified natural gas from Qatar has appeared to transit the Strait of Hormuz, marking the country’s first export out of the Persian Gulf since the Iran War started. On Sunday, Bloomberg reported that the Al Kharaitiyat had successfully passed through the narrow waterway near the mouth of what’s traditionally the busiest route for oil and gas in the world. As of Sunday evening, the vessel en route to Pakistan from Qatar’s Ras Laffan export plant had reached the Gulf of Oman. The ship, the newswire noted, “appears to have navigated the Tehran-approved northern route that hugs the Iranian coast through the strait.”
Still, progress on ending the war the United States and Israel are waging on Iran remains limited. In a Sunday post on his Truth Social network, President Donald Trump said he had just read a “totally unacceptable” counter proposal to end the war “from Iran’s so-called ‘representatives.’” In the meantime, it’s not just hydrocarbon buyers feeling the pinch of higher prices. As Heatmap’s Matthew Zeitlin reported last month, the closure of the strait is squeezing both ingredients for battery storage and solar panels.
Data centers may represent big new buyers for electrical utilities. But Eversource Energy, the Massachusetts-based electrical power company serving nearly 5 million customers across New England, is betting against data centers. On a call with investors last week, Eversource CEO Joe Nolan said he’s “not interested” in developing new server farms across the company’s territory, as it’s “only going to drive up the price of energy,” according to Utility Dive. “It’s of no value to our residential customer — actually, any customer,” Nolan said. A limited buildout of artificial intelligence infrastructure had kept prices steadier in New England’s grid than in PJM Interconnection, the mid-Atlantic system. “If you look at the volatility in ISO New England, there’s not a very volatile market compared to PJM,” he said. “So, I feel good about it.”
That position may align well with the push from some Democrats, particularly on the left, to halt data center construction amid a populist backlash to the projects. But this isn’t a blue state issue alone. The same day Nolan made the remarks, Florida Governor Ron DeSantis, a hard-line Republican, signed a bill mandating that utilities require large data centers to pay their own service costs and prevent those costs from being shifted to ratepayers. “You should not pay one more red cent for electricity because of a hyperscale data center as an individual,” DeSantis said, according to E&E News. “That’s just not right, for the most wealthy companies in the history of the world to come in and have individual Floridians or Americans subsidize these hyperscale data centers.”
One of the biggest early problems afflicting America’s next-generation nuclear industry is the fact that a key fuel many new reactor technologies need has, for years, only been manufactured commercially by Russian and Chinese state-owned nuclear companies. For companies pitching a return to fission as a way for the West to avoid Moscow’s gas and Beijing’s solar panels, batteries, and critical minerals, that posed a problem. But Washington has been racing to shore up a domestic supply of what’s known as high-assay low-enriched uranium, or HALEU. Now it’s tapping in one of its closest allies and partners in the atomic energy industry. On Friday, World Nuclear News reported that Japan had shipped 1.7 metric tons of HALEU to the U.S. as part of “the largest single international shipment of uranium in the history of the National Nuclear Security Administration.” The delivery joined together the U.S. Department of Energy’s NNSA, Japan’s top two nuclear regulatory agencies, and the United Kingdom’s Nuclear Transport Solutions and Civil Nuclear Constabulary. “This milestone accelerates our progress towards a secure and independent energy future, while reaffirming our commitment to nuclear nonproliferation,” Matthew Napoli, the NNSA’s deputy administrator for defense nuclear nonproliferation, said in a statement. “Through this partnership with Japan, we are fuelling the next generation of nuclear power, and solidifying America's energy dominance.”
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ITER is just about ready to eat. The world’s biggest nuclear fusion experiment, the globally-funded megaproject in France known as the International Thermonuclear Experimental Reactor, has received the final shipment of components needed to assemble the giant magnet at the heart of the facility. As a result, the project is now back on schedule, NucNet reported last week.
The joint effort between the U.S., China, the European Union, India, Japan, Russia, and South Korea was once considered the vanguard of the quest for the so-called holy grail of clean energy. But delays, bureaucracy, and funding pauses created repeated setbacks. Meanwhile, fusion has made major strides at small startups in the U.S., while China — as I have reported here — is outspending the entire world combined on research.
JinkoSolar is selling a 75.1% stake in its U.S. manufacturing subsidiary to the private equity firm FH Capital for an undisclosed sum. The deal, announced Friday, also includes the Chinese giant’s battery business. “FH Capital brings deep sector expertise, financing experience, and a deep understanding of the U.S. market,” Nigel Cockroft, U.S. general manager of JinkoSolar, said in a statement. “We believe this transaction provides the right ownership, management and strategic direction for this new venture to grow capacity and serve the growing demand for high performance U.S.-sourced renewable energy products.”
U.S. manufacturers have long struggled to compete against Chinese solar panel producers, which — as I told you two weeks ago — have seen exports more than double since the start of the Iran War. And as I also recently noted, new kinds of solar panels are getting a second look in the U.S. right now. But U.S. panel manufacturers don’t just struggle to compete on price. A new industry report highlighted last week in PV Magazine found that U.S. solar factories are struggling to meet high soldering standards.

Coyotes are the best animal, just in case you didn’t know or you weren’t sure. They are cunning, beautiful, and so clearly emblematic of the natural wonder of this continent that various Native Americans cultures revered the canine European settlers later renamed Canis letrans — “barking dog” in Latin — as a deity. They are wily, the trickster whose wit and determination to endure against bigger predators such as wolves and bears and survive a record-shattering onslaught by the U.S. government. If you ever want to fall in love with the biology and mythology of these creatures, read Coyote America by the environmental historian Dan Flores, or listen to one of his lectures on YouTube. What you’ll learn is that the coyote was subjected to the most extensive extermination campaign in American history, facing all kinds of creatively cruel new weapons especially after World War II as ranchers demanded the U.S. government eradicate one of the peskier pests for livestock, only to spread to more corners of North America than ever before. One of the worst innovations in coyote killing: Cyanide bombs. In 2023, the Biden administration banned the devices, which shoot liquid cyanide into the animal’s mouth causing a vicious but swift death. Now the Trump administration is bringing back cyanide bombs, despite concerns that the traps kill wolves, foxes, and unleashed dogs. It may kill off more individual canines. But it certainly will not eliminate coyotes.
Rob takes stock of both Biden and Trump’s climate legacies with John Bistline and Ryna Cui.
When Congress passed the Inflation Reduction Act in 2022, researchers estimated it would cut U.S. carbon pollution by more than 40% by the mid-2030s. Then President Trump and a GOP majority partially repealed the law, and many of those emissions declines looked doubtful. What will U.S. carbon emissions look like after the One Big Beautiful Bill Act?
We’re starting to get a sense. On this week’s episode of Shift Key, Rob talks with John Bistline and Ryna Cui about a new paper they coauthored modeling the Inflation Reduction Act and One Big Beautiful Bill Act’s combined effects. Bistline is the head of science at Watershed and a former researcher at the Electric Power Research Institute. Cui is a professor at the University of Maryland School of Public Policy and the research director for its Center for Global Sustainability.
Shift Key is hosted by Robinson Meyer, the founding executive editor of Heatmap News.
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Here is an excerpt from their conversation:
Robinson Meyer: One of the many things the IRA was supposed to do — but I think one of the things that it got the most credit for, and that ultimately got some people who were maybe wavering about the law to get to yes — is it was supposed to really drag down the path of U.S. emissions, I think as far as 33% or 35% below where they would be otherwise.
It’s now been partially repealed, and without getting too much into it, basically, as we’ve talked about before, the solar and wind and some of the clean energy tax credits are going to terminate as soon as this year or next year. And then tax credits for energy storage for nuclear will remain on the books for longer. And it’s a more complicated story as we get into EVs. But it’s now been partially terminated. Do we have a sense for where U.S. emissions will wind up? Will they be lower thanks to passing IRA than they would have been in a world where we didn’t get IRA, even though we now also have OBBBA?
John Bistline: Yeah, I think one of the big stories from this paper, in aggregating the modeling work that a range of different teams have been doing, is that IRA was roughly expected to double emissions reductions over the next decade. I think the exact number is that, you know, across the economy, greenhouse gas emissions would be something like 40% to 50% below 2005 by 2035 with IRA in place. But without it, given the changes in OBBBA, something closer to 25% to 35% lower than 2005. Just as context, we’re at about 20% below 2005 right now. So with OBBBA, emissions are still projected to decline, just not as steeply as with IRA in place.
Ryna Cui: Yeah, I will add there, and we are also one of the modeling teams that’s doing the emission pathway trajectories. And I totally agree on John’s points there. Definitely IRA and other actually federal action on the climate policy front, it’s an important, very important contributor to the emission reduction trajectory in the U.S. And I do think the context about declining technology costs and also stronger market forces, it’s going to make it even more effective. It’s not like we have IRA going to replace the other enabling factors. So I do think with the ... now the context is all the enabling market forces are more favorable to the transition.
On top of that, with the policy incentive, we’ll see deeper reduction. Of course, with a series of rollbacks, we’re going to slow down that trajectory. But I also want to mention there’s also beyond federal action, there are other level of governments are still engaging and there are potentials to continue those trends.
You can find a full transcript of the episode here.
Mentioned:
The new paper: Impacts of the Inflation Reduction Act and One Big Beautiful Bill Act on the US energy system
A cheat sheet on the energy policy changes in the One Big Beautiful Bill Act
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