The United States will take the lead in the energy transition under the leadership of the Biden administration, US Energy Secretary Jennifer Granholm said on Wednesday. “The United States is going to be the world leader in this transition,” the US Secretary of Energy said during a speech at the CERAWeek energy conference in Houston, Texas.
Jennifer Granholm recalled that under President Joe Biden, the US Congress had adopted an infrastructure investment plan in 2021, then the Inflation Reduction Act (IRA), focusing in particular on the energy transition. In total, these two legislative packages provide an endowment of nearly $500 billion in grants, loans, and tax incentives to accelerate the development of renewable energy, carbon neutralization techniques, and storage and transportation infrastructure.
no trade war
Many foreign elected officials and politicians, particularly in Europe, have expressed reservations about the IRA, sometimes accused of penalizing other countries and regions by massively subsidizing the energy transition. “(European) companies love” the American measures, “governments, not so much,” joked the Secretary of Energy. “We tell them: go ahead, do the same, (fiscally) encourage the production of clean energy in your countries,” he continued, calling the situation “friendly competition.”
Last year, in the early days of the war in Ukraine, Jennifer Granholm went on CERAWeek to publicly urge the oil and gas industry to increase production. On Wednesday it said it was satisfied with the increase in volumes produced over the past year in the United States, both oil and gas, and the prospects for increases this year and next, according to the US Energy Information Agency. (EAI). ) Dear All. She “has helped our partners” to avoid energy shortages and, in the United States, “has allowed to limit the volatility of prices at the pump.”
Source: BFM TV
