Harris is laying out a bold vision for America with a results-driven economic strategy.
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Hi John,
Welcome back to On the Grid, Third Way’s bi-weekly newsletter, where we’ll recap how we’re working to deploy every clean energy technology as quickly and affordably as possible and cut through the election year noise to parse out what this year means for clean energy.
We’re excited to have you join us!
Third Way joined industry leaders, elected officials, NGOs, and other key stakeholders for NYC Climate Week 2024. Our team hosted two events–and participated in countless others–to celebrate the progress we’ve made so far and share strategies to keep momentum and build on existing achievements. Here’s a quick recap:
Clean Energy Industrial Strategy–American Style: US Treasury Secretary Janet Yellen estimates the need for $1 trillion in annual domestic investments and $4 trillion globally to reach net-zero by 2050. Closing the financing gap will require effective incentives to align capital markets, private investors, and policymakers. We brought together leading voices from government, business, finance, and the nonprofit sector to discuss the problem at hand and explore strategies to close the financing gap and de-risk future investments. The gathering, convened under Chatham House rules, yielded helpful insights on how financial tools like green bonds and capital allocation strategies can be used to de-risk clean energy investments and direct more capital toward clean technologies.
Powering the Future: Decarbonizing Our Economy with 24/7 Clean Energy: Reaching US decarbonization goals and keeping pace with growing energy demand will require widespread clean firm power from nuclear and advanced geothermal. But some of these technologies are expensive to build and, in some cases, new to market. We convened leaders from Google, Constellation, and the White House to explore how the US can commercialize new clean firm technologies, meet rising demand, and secure our energy grid. You can catch up on the conversation here
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What’s Next: These discussions were a great starting point but we need to keep the line of communication between sectors open. Moving forward, our team will continue to use our connections and expertise to convene diverse groups to strategize and overcome the technology barriers needed to secure our clean energy future.
Last month, Vice President Harris delivered a speech
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reaffirming her commitment to building a fair, competitive market economy that puts America at the forefront of global energy markets and manufacturing. Her vision aligns closely with our own clean energy industrial strategy
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, which posits that the federal government should partner with the private sector to strengthen industries critical to our economic health and national security.
What This Means for Voters: While Donald Trump proposes a sweeping and destabilizing 10% tariff on imports, Harris is laying out a bold vision for America with a results-driven economic strategy. Her approach is grounded in pragmatic, targeted tax incentives designed to boost job growth and grow US competitiveness–especially in critical sectors like semiconductors and next-generation clean energy technologies, including advanced batteries, geothermal, and nuclear energy. By laying out her vision in a high-profile address, Harris has given voters an alternative to Trump’s chaos.
What We’re Doing: Like many of our partners, we’ve been working closely with the Harris team on both messaging and policy. She’s campaigning as a hard-nosed centrist and has been spot-on in her framing of clean energy, fracking, and record domestic energy production. We’re focused now on two critical sets of actions. First, Third Way launched the Moderate Talent Pipeline
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to help a potential Harris Administration bring the best talent on board to take on the big challenges our country faces, including American leadership on clean energy. Second, we are hard at work now on a strategy that builds on the clean energy wins of the last four years and addresses the challenges that have emerged in implementing the Inflation Reduction Act and Bipartisan Infrastructure Law. Stay tuned for much more on this in the weeks to come.
Love finance? Want to help drive dollars to clean energy technologies? Join our team!
Third Way’s Climate and Energy Program is searching for a Senior Policy Advisor for Clean Energy Finance
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. You’ll research, design, and help promote policies to leverage public and private capital to finance the accelerated deployment of mature and emerging clean energy technologies and supply chains, in the US and abroad. If this sounds like your passion, we want to hear from you!
Julian Spector
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, in Canary Media, examines the state of Michigan's clean energy manufacturing transformation, the potential impact on the upcoming 2024 election, and the lessons other states can learn from their experience.
J. Doyne Farmer,
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in the Los Angeles Times, makes the case for investing in clean energy technologies, highlighting that although the transition has high up-front costs, the long-term benefits–which include–cheaper energy, improved health, energy security, and less environmental damage–make it worth the effort.
Ed Crooks
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, on the Energy Gang podcast, sits down with Helen Clarkson, CEO of the Climate Group that organizes New York City Climate Week, to discuss the evolution of the event, takeaways from this year, and how the private sector can implement climate solutions.
Let’s keep the conversation going,
Mary Sagatelova
Senior Advocacy Advisor | Third Way
216.394.7615 :: @MarySagatelova
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