It's been over five years since I first heard about the Jones Act on NPR's Planet Money podcast - an obscure American law that prohibits foreign vessels from shipping goods between domestic U.S. ports. Every time you want to send something from one American port to another American port, the cargo has to travel on … Continue reading How the Jones Act affects the energy transition
Energy policy is fundamentally about 'balancing' the trilemma - something that symbolises the need for affordable energy, secure energy, and environmentally friendly energy.
According to the IEA's World Energy Investment report, published earlier this week, investment in electricity overtook investment for oil and gas for the first time ever. This is important, as we are currently at a crossroads for our energy transition. Investments today will have reverberating impacts 10, 20, 30 years to come, as certain networks will become committed to certain energy sources. Yet there is a reluctance to make these decisions, as the backdrop to electricity overtaking O&G investment is a 12% drop in global energy investment.