Speech ready for supply by Secretary Granholm at CERAWeek 2021

By on March 9, 2021 0

Remarks ready for supply by Secretary of Power Jennifer Granholm

CERAWeek 2021

Wednesday March 3, 2021

Howdy CERA week! I’m delighted to hitch all of you as the brand new US Secretary of Power.

I’m honored to share the digital stage with so many aged associates and new colleagues this week, and others I am unable to wait to get to know.

I am an impatient individual, so let me get to the meat.

President Biden has set bold local weather targets: a carbon-free vitality sector by 2035 and a internet zero economic system by 2050.

It’s a heckuva financial alternative.

As a result of experiences estimate that merchandise that cut back carbon emissions will create a world market of $ 23 trillion over the subsequent decade.

The place will these investments be? In China? With our different financial rivals?

You higher consider that different nations are competing for this financial sector.

So are we going to enter battle, or are we going to convey a knife to a shootout?

Joe Biden calls for that we interact in battle on behalf of our folks.

For too a few years, we now have watched others create financial alternatives for his or her residents, whereas we stand apart.

No extra.

The Division of Power is considered one of our authorities’s most combating forces as we pursue the objective of a carbon-free nation.

We have to add a whole lot of gigawatts to the grid over the subsequent 4 years. It’s a enormous sum. And there’s so little time.

All of us must roll up our sleeves – we’re all working collectively to deal with this local weather disaster and so as to add thousands and thousands of excessive paying jobs.

We’ve so many highly effective instruments in our arsenal to realize these targets.

What are they?

Instrument primary: Basic scientific breakthroughs in our 17 nationwide laboratories.

These establishments are led by among the world’s brightest scientists, who’re increasing their R&D into the discoveries that may make our carbon-free future doable.

Like researchers at Oak Ridge Nationwide Lab in Tennessee, who not too long ago designed a brand new system to make carbon seize extra environment friendly utilizing aluminum, they then discovered a solution to make it out of the field. utilizing 3D printers.

Or on the Argonne Nationwide Lab exterior of Chicago, the place they’re engaged on next-generation batteries which might be twice as vitality dense as they’re at this time. And so forth.

Instrument quantity two: the assets to remodel this science into deployable applied sciences.

These instruments are utilized in our utilized vitality applications, which span the gamut from renewables to effectivity, from carbon seize to hydrogen and from grid know-how to storage.

They’ll make it their mission to convey your clear vitality options to life.

As our geothermal know-how workplace did final week, with $ 46 million for cutting-edge tasks which have the potential to energy thousands and thousands of American houses.

And naturally, a robust software is our extremely profitable ARPA-E program, which sows model new, out-of-the-box applied sciences like algae drones to make biofuels and extra environment friendly photo voltaic panels utilizing air. compressed.

They simply launched a $ 100 million attraction for transformative clear vitality tasks.

These are simply the primary billion {dollars} of funding the DOE will supply this yr.

Lastly, and this is essential, there’s our means to finance the deployment of fresh vitality applied sciences.

Maybe the perfect recognized on this house is the highly effective fast loans Applications Workplace which, as of at this time, is as soon as once more open for enterprise.

Our lending authority has helped a few of America’s bravest entrepreneurs flip their finest concepts into actuality and grow to be what they’re at this time.

When photo voltaic PV builders needed to fulfill the rising demand for renewable vitality, we stepped in to assist them construct the nation’s first 5 large-scale services, reviving the quickest rising phase of the photo voltaic trade. .

Or when a small firm by the identify of Tesla needed to make the primary zero-emission, gas-free full-size electrical automobiles, we helped them scale their first manufacturing unit to manufacturing scale – and now they’re the primary. international producer of electrical automobiles.

These tasks have supported over 10,000 jobs, and taxpayers have recovered that cash and extra.

A lot of this authority has gone unused for the previous 4 years. However I am able to restart these engines, in order that we will drive the subsequent technology of innovation and deployment.

On this battle, you could have nice leaders.

And I am very glad to report that we now have introduced in a rare subject normal to prepared the ground – the brand new head of the DOE Mortgage Applications Workplace, the one and solely Jigar Shah.

Jigar wrote the guide on how you can drive the market in direction of clear vitality options.

It is going to assist us construct a portfolio of indomitable investments for American taxpayers that may assist us combat local weather change and create jobs.

We’re able to spend money on superior automobiles, carbon seize, superior engines and far more.

The chances are limitless they usually can ship the prosperity and promise the American folks so deserve. As a result of what do it’s essential make huge investments?

Tens of millions of jobs – unionized jobs, with good pay and good advantages for all.

By scaling up these rising applied sciences, we are going to put folks in building, the expert trades and engineering to work on constructing a brand new US vitality economic system, and assist these within the coal, petroleum and industries. fuel to translate their abilities into new clear vitality. jobs.

DOE’s new Power Jobs Workplace will assist us determine how you can create all types of jobs for all types of individuals, in each nook of the nation – corners which have lengthy appeared invisible.

Let me say a phrase about it.

That is our alternative to assist rebuild the vitality economic system for the higher, in a means that lifts communities left behind for too lengthy.

Communities of coloration dwelling with the poisonous legacy of air air pollution, who nonetheless pay an excessive amount of for his or her vitality and who are sometimes the primary and most affected by the local weather emergency.

Remodeling clear vitality can appropriate these historic wrongs. It may well proper the wrongs of the market for individuals who have been affected by a world market that has determined to maneuver to cleaner options.

It can provide them an opportunity and at last make these communities sustainable and protected for households.

Guided by President Biden’s Justice40 initiative, I’ll work with my new Fairness Advisor so we will prepared the ground – focusing on underprivileged communities for brand spanking new investments in clear vitality, jobs and companies, by doubling our commitments to racial justice and creating insurance policies that guarantee the advantages of this rising economic system attain these on the entrance strains of local weather change.

So this second has a chance written throughout it.

A second within the grand arc of historical past, however now’s our second.

Why are we right here if to not give folks alternatives and save the planet?

4 years. Lower than a thousand days.

I hope you are feeling this sense of urgency like me.

You’re drafted into this combat. It will not be straightforward. However it’s a battle value combating. And I, personally, current myself for responsibility.

  Finance