While the Trump Administration is taking a number of steps to bolster coal-fired generation and rescind climate regulations, electric utilities should prepare for a very low-carbon future, former Energy Secretary Ernest Moniz told Utility Dive at the National Clean Energy Summit in Las Vegas last week.
Despite the White House’s withdrawal from the Paris climate agreement, “there is no going back on the fight against climate and the innovation prize is enormous,” Moniz said. “We are talking about multi-trillion-dollar markets. The real issue is that the U.S. needs to capture a big part of that market to keep its innovation edge.”
