The energy transition is in full swing, with governments, financiers, and even the fossil fuel industry investing in emission reductions and low-carbon technologies to the tune of $755 billion last year — a 27% increase from 2020. But investing in new technologies does not mean we should rush to…
the first one just this week. This is the type of innovation we need to see more of — not subsidization of the old regime.
An energy transition grounded in reality would support continued investment in nuclear and natural gas alongside the expansion of renewables. This may come as a shock to some, but we can have both intermittent and dispatchable sources of power, and they work well together. The cost of the future grid isn’t free. There are costs to ensure reliability, and we must marry that with affordability.that we must adapt to our new reality where extreme weather is more common and deadlier.
Those who focus only on reducing emissions while ignoring the importance of reliability and affordability risk harming the very people they claim to protect, as such policies make the energy grid less reliable and more expensive. Instead of government mandating specific fuels and technologies, competitive markets are the best way to achieve reliable, least-cost energy today while unlocking the power of competition to spur the innovation needed for tomorrow. Deploying market fundamentalsat PJM, a Pennsylvania-based company that serves as the world’s largest wholesale electricity market, lowering emissions more than 35% and meeting the goals of the Paris Agreement for the region.
The role of the federal government in energy policy should be to set the objective and get out of the way to allow market participants to deliver the best possible suite of energy solutions, reliably and affordably, to the consumer., which represents competitive power suppliers. Mr. Snitchler previously served as chairman of both the Public Utilities Commission of Ohio and the Ohio Power Siting Board, and as a U.S. representative for Ohio's 50th District.
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