In 2018, President Donald Trump said “I’m a tariff man”, declaring they were the way to make America rich again. Six years on and just weeks into his second term, he is putting that philosophy into practice. President Trump has announced a barrage of new and increased tariffs on imports into the US, including a 10% levy on all goods from China. He has threatened 25% tariffs on imports from Canda and Mexico, although those were put on hold for a month. And he has announced a strategy of reciprocal tariffs, promising to match other countries’ barriers to imports from the US with equivalent levies on their exports. It is a time of turbulence. What does it mean for the energy transition?  

To analyse what all these actual and threatened tariffs mean for energy security, the economy and the climate, host Ed Crooks – Vice-Chair for the Americas at Wood Mackenzie - is joined by three policy experts from the US and Canada. Samantha Gross is the director of the Energy Security and Climate Initiative at the Brookings Institution in Washington, DC. Joseph Majkut is director of the Energy Security and Climate Change Program at the Center for Strategic and International Studies. And Andrew Leach is an energy and environmental economist at the University of Alberta. 

Together they discuss the Trump administration’s strategy, and where it might lead. How do the tariff plans align with President Trump’s goals for boosting energy production and driving down prices for consumers? What happens to complex international supply chains as tariffs rise? And where does this leave the global effort to curb greenhouse gas emissions? Samantha Gross says the situation is ‘”rotten for the climate”. Does she have a point?

Let us know what you think. We’re on X, at @theenergygang. Make sure you’re following the show so you don’t miss an episode – we’ll be back in two weeks, Tuesday morning at 7am eastern time.

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It’s a historic moment in energy, with a leap forward in AI technology coming as the Trump administration sets a new direction for the US. The Energy Gang break down what it all means.

When they make The Energy Transition – The Movie, the week of 27th January 2025 will be a pivotal scene. The Chinese AI company DeepSeek sent shockwaves through stock markets, as it revealed its model that apparently is capable of better performance than its competitors at a fraction of the cost. 

Host Ed Crooks talks through the implications for energy with regulars Amy Myers Jaffe of New York University and Melissa Lott of Microsoft. Together they discuss the market reactions to the launch of DeepSeek, shifting forecasts for AI demand, and the implications for the industry and for government.

President Donald Trump has come into office putting emphasis on the importance of energy supplies for AI as a matter of national security. His administration wants more “baseload” power. But there is a debate on what that word means for a modern electricity system, and whether it even has any relevance. Do modern solutions for grid stability make talk of baseload power obsolete in 2025?

Finally the gang review the flurry of executive orders signed by President Trump. Climate change is off the agenda as a priority for the US administration. What does that mean for energy, in the US and around the world?

Follow The Energy Gang wherever you get your podcasts and go to woodmac.com/podcasts for more.

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Finding a role for hydrogen in a low-carbon energy economy.

Hydrogen has been called the Swiss Army knife of energy, because it has so many potential applications, from home heating to heavy industry. But so far, deployment around the world has been slow. And in recent months there has been a series of setbacks for plans to use clean hydrogen to decarbonise energy systems. So what’s the problem?

Is it unsuitable infrastructure, policy uncertainty, or fundamental challenges of physics and economics? Does hydrogen really have a role to play in the low-carbon energy system of the future? And if it does, what does the industry need to get there?

To find out, host Ed Crooks is joined by Dr Melissa Lott, Partner General Manager in Energy Technologies at Microsoft, and Austin Knight, Vice President for hydrogen at Chevron New Energies. 

Hydrogen is not a one-size-fits-all solution, but it could help us tackle some of the toughest challenges in decarbonisation. It may be expensive, but in some sectors it looks like a more cost-effective solution for achieving net zero than any other option.

For some proposed applications, it looks pretty clear that hydrogen is going to be a non-starter. But Austin says there are some sectors where it still has a viable future. Chevron is investing in hydrogen fuel suppliers and fuelling stations for heavy trucks across California, for example. As Melissa says, the infrastructure just isn’t there yet to make hydrogen a viable option today. But is it a case of “if” hydrogen becomes a commercial reality, or “when”? Find out here.

We want to hear your thoughts and comments, so get in touch.

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The people, places and technologies to watch this year.

Host Ed Crooks is joined by regulars Amy Myers Jaffe and Melissa Lott to share their predictions for energy in 2025. They discuss the policy changes expected from Washington under the Trump administration, the crucial role for California as a leader in clean energy, the exciting new technologies that may be launched or ramped up this year, and the political and business leaders who will be shaping our future.

The team also discuss some of the threats and challenges the energy industry could face this year. Amy warns that the wind sector is in trouble; is it really? And what about the wild cards: the unexpected events that could force everyone to reassess their plans? Melissa has concerns about the impacts of extreme weather: how will a warming world affect our lives? As the latest news on bird flu shows, the threat of another deadly pandemic is real; Ed analyses the risks.

It’s going to be another tumultuous year in energy. To help make sense of it, get all the insights and analysis from us here.

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China’s booming EV industry, AI and clean energy, questions over hydrogen, and the other big stories from 2024.

To round off a momentous year for clean energy, Ed Crooks is joined by regulars Melissa Lott and Amy Myers Jaffe to reflect on the highs and lows of 2024. The gang revisit the predictions they made in January, share their highs and lows for the year, and talk about their favourite episodes of 2024. And, as is fast becoming a tradition on the show, we finish the year with some relevant holiday gifts.

Some of our predictions for 2024 were spot on, but others were slightly off. The team discuss the continued rise and rise of China’s largest electric vehicle company BYD, and look ahead to what 2025 holds for the EV industry. Amy predicted big things for hydrogen this year, as did Melissa for geothermal. Did these fast-moving sectors hit the heights that they expected? And where do they go from here?

There were some real lows in 2024, mostly related to international politics and conflict. But there were also some much more positive trends related to the energy transition, including the spread of low-cost solar panels and battery storage around the world. 

As for The Energy Gang: we had plenty of high points through the year. Amy, Melissa and Ed choose the episodes that they most enjoyed taking part in – and listening to – in 2024. 

Subscribe to The Energy Gang so you don’t miss the first show of 2025, where Ed, Amy and Melissa will look ahead to what promises to be another massive year for clean energy.   

Listen back to the shows mentioned in the episode:

•             Is There an Energy Transition? (April)

•             Cleantech Entrepreneurs at NYU (Climate Week, September)

•             The Future of AI and the Grid (November)

The articles Melissa mentioned: 

https://www.power-eng.com/renewables/fervo-energy-claims-70-reduction-in-geothermal-drilling-time-2/

https://www.eenews.net/articles/blm-approves-massive-geothermal-project-moves-to-ease-permitting/

This episode is brought to you by Enbridge. Listen to Enbridge and GZERO’s podcast Energized: The Future of Energy at GZEROmedia.com/theenergygang

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More than 100 countries have pledged to cut methane emissions, with not much to show for it so far. What is being done to change that?

Methane – the main component of natural gas – is the second most significant greenhouse gas, after carbon dioxide. It accounts for about 30% of all the human-induced warming the world has experienced since the 19th century.

At COP26 in 2021, many countries got together to launch the Global Methane Pledge, to drive action on reducing emissions. There are now 111 countries, accounting in total for almost half of global methane emissions, that have signed up to that pledge. Their goal is to reduce global methane emissions by 30% by 2030.

So how much progress has been made in the past few years? Not a lot, is the answer. Instead of starting to decline to meet that targeted 30% reduction, methane emissions have actually been going up.

At COP29 in Baku, Azerbaijan, last month, methane was one of the key items on the agenda. Many people there were talking about ideas for bending the curve, to get methane emissions heading in the right direction at last.

While he was at the conference, host Ed Crooks talked to Henrique Bezerra, the regional lead for Latin America for the Global Methane Hub. That's an organization backed by philanthropic money that works on practical projects to cut methane emissions. Henrique discusses the options available to tackle the problem.

Ed also talked to a key figure working to change one of the largest sources of methane emissions: the global oil and gas industry. Bjorn Otto Sverdrup is the chair of the executive committee for the Oil and Gas Climate Initiative, a group backed by 12 big international oil and gas companies that works on reducing emissions.

He's also the head of the secretariat for a larger group that has signed up for the Oil and Gas Decarbonisation Charter. That includes more than 50 big oil and gas groups, including many leading national oil companies from emerging economies, that have pledged to work together to reach net zero emissions from their operations by 2050.

What are companies really doing to cut emissions? What strategies and technologies can help detect and prevent leaks of methane? And how can carbon markets play in role in reducing emissions? Ed and his guests discuss those questions, and assess whether their efforts will start to pay off in time to hit the goals that so many countries have set.

This episode is brought to you by Enbridge. Listen to Enbridge and GZERO’s podcast Energized: The Future of Energy at GZEROmedia.com/theenergygang

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The climate talks agreed a $300 billion finance deal. Not everyone is happy about it.

The COP29 climate talks in Baku, Azerbaijan, finally ended around 5.30am on Sunday morning, almost 36 hours after they had been originally scheduled to close. The good news was that the negotiators representing about 200 countries agreed a deal on climate finance: flows of capital from developed countries to low and middle-income countries, to help them cut emissions and adapt to a warming world. The bad news was that many countries felt the amount agreed – $300 billion a year by 2035 – was much too low. India and other developing countries had suggested a sum of $1 trillion or more a year was needed.

Ed Crooks, now back home after attending the talks, is joined by Energy Gang regulars Melissa Lott, the partner general manager for energy technologies at Microsoft, and Amy Harder, the executive editor of the energy and climate news service Cipher. They discuss the outcomes from the negotiations: what was agreed and what it means. We also hear from Amy’s colleague Anca Gurzu, who was following all the action at the talks in Baku.

This conference was billed as “the finance COP”. If it had failed to agree a deal on finance, that would have been disastrous for the international effort to tackle climate change through the UNFCCC. But with a deal offering so much less than the amounts that developing countries had been hoping for, where does COP29 mean for the global energy transition? And as we look ahead to the crucial COP30 in Brazil a year from now, can we expect the countries of the world to commit to more ambitious goals for cutting emissions?

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As policy changes course in the US, is energy efficiency the key that can unlock a sustainable future?

In our latest episode from the COP29 climate talks in Baku, Azerbaijan, host Ed Crooks talks to our guests about the challenges facing the energy transition, including the far-reaching implications of a second Trump administration, as asks whether getting smarter about the ways we use energy can be part of the solution.

In the first part of the show, Ed welcomes back Vijay Vaitheeswaran, Global Energy and Climate Innovation Editor at The Economist. He and his team have a couple of big pieces in the latest edition, giving their views on the outlook for the transition in the US and around the world. They are joined by Zach Friedman, Senior Director of Federal Policy at Ceres, which is a US-based group that works with investors and businesses in sustainability issues.

The trio discuss how US energy policy is likely to change under the Trump administration and a Republican-controlled Congress. They debate whether innovative mechanisms such carbon tariff for the US that is like the European carbon border adjustment mechanism could help align the administration’s economic objectives with climate goals. They highlight some hopeful signs for clean energy development, including the prospect of permitting reform that could expedite infrastructure projects. And they also explore why energy efficiency—a critical yet often overlooked component of the energy transition—could unlock massive cost and emissions savings while paving the way for renewable energy growth. 

Later in the episode, Ed speaks with Jon Creyts, CEO of RMI, which describes itself as a “think-tank, a do-tank and a scale-tank”. He makes a compelling case for why energy efficiency is the "first fuel" of the transition: the best fuel of all is the fuel you don’t need. He argues for the central role of efficiency in reducing emissions, lowering costs, and supporting renewable energy targets. At COP28 in Dubai a year ago, the world agreed a goal of doubling of global energy efficiency improvement rates by 2030. So far it has not made any progress towards that goal. But with innovative approaches such as modular retrofits for housing, Jon illustrates how leadership and vision can dismantle structural barriers, making energy efficiency a linchpin of the low-carbon transition.

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How a deal at the climate talks could make a real difference to the energy transition

In our latest episode from the COP29 climate talks in Baku, Azerbaijan, Ed Crooks explores the challenges and opportunities of mobilizing climate finance to support the energy transition in emerging markets.

As the "Finance COP", COP29 is under pressure to deliver concrete outcomes on climate finance. The goal is an agreement that could mean $1 trillion a year or more flowing from rich countries to low and middle-income countries, to finance cuts in greenhouse gas emissions and investments to help communities adapt to the impacts of climate change.

But what does climate finance really mean for countries tackling the climate challenge? And how can innovative funding solutions and systemic reforms ensure that financing reaches the countries and projects that need it most?

On this episode, Ed is joined by Raquel Moses of the Caribbean Climate Smart Accelerator, which helps low-carbon energy projects in the region find commercial backers. She emphasizes the importance of disaggregating climate finance into grants, equity, concessionary loans, and other forms of lending, and explains why it is so important for everyone at COP29 and beyond to be clear about what they mean when they talk about it. Clarity on funding is critical for clearing obstacles to project development, particularly in the Caribbean and other emerging markets.

Ben Attia of Allied Climate Partners also joins the discussion. He highlights the shortage of bankable projects in emerging markets, and explains how his organization deploys philanthropic capital to de-risk early-stage infrastructure developments. By preparing projects for commercial investment, ACP helps bridge the gap between available funding and viable projects.

Raquel and Ben argue that addressing systemic issues, including the lack of early-stage equity investment, the complexity of aggregating small projects, and the risks associated with currency fluctuations in emerging markets, are essential to unlocking the $1 trillion-plus in annual climate finance needed to meet global goals.

Finally, Ed talks to JP Thia, lead economist of the Asian Infrastructure Investment Bank (AIIB), to discuss the particular challenges for climate finance in Asia. It’s a region with large and often fast-growing economies, with a hunger for increased energy supply. JP discusses the importance of pairing climate goals with economic development, to align incentives and drive participation from the Global South.

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As many nations face challenges in meeting their Paris Agreement goals, some businesses are stepping up to fill the gap. Climate action is not just a responsibility but a lucrative opportunity 

In this latest episode of The Energy Gang from COP29 in Baku, Azerbaijan, Ed Crooks explores the critical role of businesses in addressing climate change. He talks to business leaders and experts about the challenges and opportunities facing companies at the forefront of climate action. Ed and his guests explore how industries such as steel, chemicals, and transportation are innovating to transition to low-carbon solutions.

Nicolette Bartlett of the CDP, the disclosure platform for carbon and other environmental impacts, says the business opportunities in addressing climate change have soared in recent years. Companies with emissions reduction goals want to drive decarbonization of their supply chains, creating new markets for businesses that can shrink their carbon footprints.

Mike Train, the Chief Sustainability Officer of Emerson, one of the world’s leading industrial automation groups, says his company is still committed to a roadmap for achieving 100% renewable electricity and net-zero emissions by 2030. Mike explains how transparency, innovation, and employee engagement are key to balancing investment costs with long-term growth.

Finally, Ed is joined by the leaders of two groups that work with blue-chip companies including Amazon, Google, Ikea and Netflix. Maria Mendiluce, of the We Mean Business Coalition, and Johan Falk, of the Exponential Roadmap Initiative, discuss why businesses are pivotal in shaping global climate policies. From lobbying for ambitious targets to fostering collaboration across value chains, companies are driving progress even amid geopolitical and economic uncertainties.

The episode also explores the connections between government policies and corporate strategies. Businesses need consistent regulations and financial frameworks to unlock investments and accelerate the transition to renewable energy and sustainable practices.

As COP29 continues, the focus remains on achieving an ambitious deal on climate finance to support developing countries and emerging economies. The conversations from this episode underscore the need for public and private sector efforts to work together to deliver real change.

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A special COP29 episode exploring the power of states, regions, and cities to advance the energy transition amid uncertain national policies

In this special episode of The Energy Gang from COP29, Ed Crooks brings together a panel of expert guests in Baku, Azerbaijan, to discuss the global implications of the US election and the growing importance of state-level leadership in climate action. He is joined by Wade Crowfoot, California's Secretary for Natural Resources; Travis Kellerman, Senior Climate Policy Advisor to New Mexico's Governor, and Jessica Trancik, a professor at the Institute for Data, Systems and Society at MIT. Ed and his guests explore the evolving dynamics between US states and federal policy in the face of a second Trump administration’s likely withdrawal from the Paris climate agreement.

The panel discuss the role of US states as climate pioneers, especially as federal support wanes. California and New Mexico, along with other climate-active states, are championing clean energy policies, pushing for renewables and other low-carbon infrastructure, and setting emissions standards that other states and countries will follow. Wade and Travis talk about the differences and similarities between the challenges they face, and their individual and collective responses. Some of their ideas, including permitting reform, may be aligned with the priorities of the Trump administration. Others such as stricter vehicle emissions standards, will not.

One area that could offer scope for co-operation between the federal government and climate-forward states is the need to boost electricity supplies for artificial intelligence, which is a priority for national security as well as economic growth. Jessica Trancik explains the potential innovative approaches to power data centers from clean energy sources.

Helen Clarkson, CEO of The Climate Group, also joins the show to share insights from her work, highlighting how states, cities, and regions around the world are forming coalitions that share knowledge and drive ambitious climate commitments.

The gang also provide their thoughts on COP29 as a platform for international dialogue and collaboration, and discuss the importance of these gatherings for holding governments accountable and inspiring innovation in climate action.

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