Yesterday, our Dir. of IP & Trade Todd N. Tucker testified for the United States Trade Representative hearing on supply chain resilience:

'Intl. supply chain policy can also play a useful complementary role in balancing decarbonization & economic development goals.'

Testimony ⬇️ rooseveltinstitute.org/publications/t…

In another blowout election, 3,700 workers at the University of Pennsylvania just voted to join the UAW!

After workers win their union at Mercedes in a couple of weeks, our union will have grown by 13,000+ members in a month!

Factory construction is booming.

Inflation is down.

Wages are up, employment his high, wealth is up.

Violent crime is down.

Russia failed to conquer Ukraine.

America's Asian alliances are stronger.

Biden really has done a pretty good job!

noahpinion.blog/p/the-positive…

Good piece from The Washington Post Maxine Joselow on tradeoffs in US EV subsidy final rule announced today. Tightens def of foreign entity of concern (any firm HQ in china not just SOE) but has an extension on how long eligible cars can use chinese graphite

washingtonpost.com/climate-enviro…

Reminder: decarbonization is fundamentally a challenge of investment.

We need to utilize every policy lever to ensure the environment is ripe for investment.

Nippon Steel delays closing of acquisition of US Steel until late this year after US DOJ request
apnews.com/article/steel-…

I offered some thoughts to yesterday's United States Trade Representative hearing on supply chain resilience.

I recommended that trade and investment policy better accommodate climate subsidies addressing positive externalities, while also ensuring strong trade law enforcement.
rooseveltinstitute.org/publications/t…

Come work with me!

Big changes in EV market, via Nicolás Rivero.

With new Treasury Department guidance, buyers of new & used EVs can receive the 7k or 4k tax credit at the post of sale.

This policy makes tax credit 1.5k more valuable, finds John Paul Helveston.
washingtonpost.com/climate-enviro…

'Under the program, producers will be eligible for a tax credits for sustainable aviation fuel (SAF) that achieves at least a 50 percent reduction of greenhouse gas emissions when compared with petroleum-based jet fuel,' reports lori aratani on new IRA effort.
washingtonpost.com/transportation…

On new from Erik Voeten:

'The Dutch families who were most vulnerable to the increase in gas prices — renters who paid their own utility bills — drifted to the right. Families facing increased home energy costs became 5 to 6% more likely to vote for' Dutch far-right parties.

My theory has been that anytime a carbon tax is put to a public vote, it will fail (largely because of the word 'tax' and loss aversion). But not sure about cap-and-trade...

Did CA's cap-and-trade program ever face a ballot initiative for repeal?

bloomberg.com/news/articles/…

Chips jobs on the move.

Arizona Pipe Trades Apprenticeship has doubled numbers to 1,000 since 2022.

Sheet metal apprenticeships up 4x to 400, with a 28 year old Letty Bejarano getting into welding after being inspired by Letty Ortiz in Fast & Furious.
washingtonpost.com/opinions/2024/…

This would be a really good start, but insufficient. A lot of the permitting issues that these sites face (based on what I know) is at the local level. Think, like, water hookups and special gas lines.

The DPA's scope extends beyond a narrow conception of defense.

“The DPA has a lot of authorities to allow the executive branch to get over some of those permitting hurdles when those become really tight constraints,” Todd N. Tucker tells Andres Picon:
eenews.net/articles/the-n…

Check out Council of Economic Advisers's 2024 Economic Report of the President's chapter on climate and structural change; it's worth your time.

Includes some good graphs on which clean energy sectors are predicted to have gluts versus shortages in 2030.
whitehouse.gov/cea/written-ma…

'The laggards have become leaders. Greece, Spain and Portugal grew in 2023 more than twice as fast as the eurozone average. Italy was not far behind,' report liz alderman Melissa Eddy.

Clean energy is a part of this turnaround story.
nytimes.com/2024/04/30/bus…

NEW: The White House is considering banning Russian uranium imports using executive power as legislative efforts stall.
bloomberg.com/news/articles/…

'The Biden administration is not the first to use the DPA for energy production; in the 1970s, Congress revised the law to include energy production activities in the statute’s definition of national defense.'

Andres Picon cites Maxine Waters & me on DPA energy mandate.