The Biggest, Dirtiest Secret of the Energy Industry — Ep184: Jonathan Maxwell

Is China's lead in clean technologies insurmountable? How will the Trump presidency shape relations with China? And when will China's emissions peak? Fatih Birol, head of the International Energy Agency, has said that 'almost every energy story is essentially a China story. But it's a complicated story that has been powered by vast supplies of coal. China's economy has grown rapidly, with per capita levels of energy consumption now matching Europe's, making it the world's largest emitter of greenhouse gasses. At the same time, China has increased the share of electricity and total energy to around 28% thanks to a rapid uptake of electric vehicles and increasing use of electricity for heating domestically. If it continues on its current trajectory, it is likely to peak its greenhouse gas emissions from energy in the next few years, if it hasn't done so already. China is also playing an increasing role beyond its borders: In 2023, 20% of the global EV export market belong to China, and it dominates the battery, solar and wind industries. This week on Cleaning Up, Bryony Worthington sits down with Professor Qi Ye, Director of Public Policy at Hong Kong University of Science and Technology, who's had a ringside seat during China's rapid shift towards a clean energy economy. Together they unpack the complex dynamics shaping the global energy transition in China. Discover the remarkable scale and pace of China's clean energy transformation, the challenges of international collaboration, and Professor Qi's vision for a new era of climate leadership.Leadership Circle: Cleaning Up is supported by the Leadership Circle, and its founding members: Actis, EcoPragma Capital, EDP of Portugal, Eurelectric, the Gilardini Foundation, KKR, National Grid, Octopus Energy, Quadrature Climate Foundation and Wärtsilä. For more information on the Leadership Circle, please visit cleaningup.live.Links: How China Became a Green Finance Superpower - Ep160: Dr. Ma JunThe World's Preeminent Energy Economist - Ep133: Fatih BirolHow Trump & Musk Will Reshape US Climate Action — Election Special

How will the Trump administration's policies impact the clean energy transition in the United States? What will be Elon Musk's role in shaping climate policy? And what are the geopolitical implications of the US withdrawing from the Paris Agreement? In this special episode of Cleaning Up, hosts Michael Liebreich and Bryony Worthington reflect on the implications of the recent US election results and the potential impact on energy and climate policy. They explore the likely policy changes under a Trump administration, including potential cuts to clean technologies like offshore wind and electric vehicles, as well as the potential for increased fossil fuel production and the relaxation of environmental regulations. Bryony shares her insights from her recent trip to China, where the expectation was that Trump would win and the general sentiment was that China could do business with him. Michael examines the perceived lack of a coherent strategy in Europe to compete with the US and China in the clean energy and technology sectors.Leadership CircleCleaning Up is supported by the Leadership Circle, and its founding members: Actis, EcoPragma Capital, EDP of Portugal, Eurelectric, the Gilardini Foundation, KKR, National Grid, Octopus Energy, Quadrature Climate Foundation, SDCL and Wärtsilä. For more information on the Leadership Circle, please visit https://www.cleaningup.live. Links and moreHow To Win The Climate Argument | Ep172: John Marshall Could Trump 2.0 Roll Back The IRA? Ep181: Ethan Zindler 

Could we save billions by simply reducing energy waste? How can we power the vast, energy-hungry growth of AI without sacrificing climate goals? And is Europe doomed to high energy costs and deindustrialisation? This week on Cleaning Up, Michael Liebreich sits down with Jonathan Maxwell, CEO and founder of Sustainable Development Capital LLP (SDCL), for the third time on Cleaning Up. Jonathan shares his perspective on the urgent need to address energy efficiency and waste, drawing from the themes explored in his book "The Edge." Jonathan and Michael delve into SDCL's innovative approach to providing on-site energy solutions that deliver cheaper, cleaner, and more reliable power to businesses, industries, and public institutions. Jonathan explains how their focus on distributed generation and decentralised energy systems is transforming the way organisations think about and manage their energy needs. Finally, policy. Jonathan and Michael discuss the impact of the Inflation Reduction Act in the US (and the potential turmoil from recent election results), the European Union's Green Deal, how these initiatives can be further strengthened by a greater emphasis on energy efficiency and productivity, and what the West needs to catch China. Leadership Circle Cleaning Up is supported by the Leadership Circle, and its founding members: Actis, EcoPragma Capital, EDP of Portugal, Eurelectric, the Gilardini Foundation, KKR, National Grid, Octopus Energy, Quadrature Climate Foundation, SDCL and Wärtsilä. For more information on the Leadership Circle, please visit cleaningup.live LinksCheaper, Cleaner, More Reliable - Ep14: Jonathan Maxwell Checkpoint 2023: Energy Efficiency Investment - Ep113 Jonathan Maxwell How China Became a Green Finance Superpower - Ep160: Dr. Ma JunMetals Refining - From Mining to Brining: Ep 142 - Alex Grant 

How difficult is it to power a boat just with electricity? Is an electric outboard as reliable as a fossil-fuel one when taken out to sea? And just how much better is an electric engine for reducing pollution and noise? Around the world there are tens of millions of small boats, from high-performance luxury craft to workhorse fishing vessels, nearly all of which run on fossil-fuel powered engines. But with the rapid advancements in electric vehicles, a small group of companies are now turning their minds to cracking the boating problem, inventing electric engines that are quieter, less polluting, and can deliver just the same performance. In Europe, perhaps the best known is the German company Torqeedo. Founded in 2004, they've sold a quarter of a million electric motors to date, and this year, were acquired by Yamaha Motors. Norwegian company Evoy have recently joined forces with Vita, a UK-Monaco based company, and Candela, another Scandinavian boat builder, are revolutionising engines and boats with their hydrofoiling concept. This week on Cleaning Up, Baroness Bryony Worthington speaks with Ben Sorkin, CEO and co-founder of Flux Marine, headquartered in Newport, Rhode Island. Flux Marine are hoping to take on the US market with their customizable electric propulsion systems and have a 40,000 square foot factory in Rhode Island. Bryony asks Ben how his electric engines compete on cost and performance, what Flux Marine’s scale-up plans are, and why it’s so much harder to electrify a boat than a car. Leadership CircleCleaning Up is supported by the Leadership Circle, and its founding members: Actis, EcoPragma Capital, EDP of Portugal, Eurelectric, the Gilardini Foundation, KKR, National Grid, Octopus Energy, Quadrature Climate Foundation and Wärtsilä. For more information on the Leadership Circle, please visit https://www.cleaningup.live LinksFlux Marine: https://www.fluxmarine.com Is Shipping the Easiest "Hard-to-Abate" Sector? — https://www.youtube.com/watch?v=umPAonV20cM Arc Boats: https://arcboats.com Candela Hydrofoiling Boats: https://candela.com

Is the shift to electric vehicles really slowing down? Are people losing interest in EVs, or is there more to the story? How will changes in the global automotive industry impact the net-zero transition? And If no one wants EVs, why do we need tariffs? This week on Cleaning Up, host Michael Liebreich sits down with Colin McKerracher, Head of Clean Transport at BloombergNEF, to unpack the latest trends and dynamics in the electric vehicle market from cars to trucks to two wheelers. They dive deep into the regional differences, the strategies of European automakers, the impact of tariffs, as well as the latest forecasts and predictions in BloombergNEF's Electric Vehicle Outlook.Leadership Circle:Cleaning Up is supported by the Leadership Circle, and its founding members: Actis, EcoPragma Capital, EDP of Portugal, Eurelectric, the Gilardini Foundation, KKR, National Grid, Octopus Energy, Quadrature Climate Foundation and Wärtsilä. For more information on the Leadership Circle, please visit cleaningup.liveLinks:BloombergNEF's Electric Vehicle Outlook: https://about.bnef.com/electric-vehicle-outlook/The Debunker-in-Chief - Ep15: Auke HoekstraThe Solar Revolution - Past, Present and Future - Ep 173: Jenny ChaseSlowdown, what Slowdown? The EV Revolution is Just Getting Started - Ep178: Dr Andy PalmerCould Trump 2.0 Roll Back The IRA? Ep181: Ethan Zindler

China has taken a commanding lead in manufacturing solar panels, wind turbines, electric vehicles and batteries, and is central to the green energy transition. Now, the US is hoping to catch up, and has spent almost $500 billion from the Inflation Reduction Act to bolster the energy transition and domestic manufacturing. Is it enough to create-long lasting change? This week on Cleaning Up, host Bryony Worthington sits down with Ethan Zindler, the Climate Counselor to US Treasury Secretary Janet Yellen. Zindler provides a rare insider's perspective on the implementation of the Inflation Reduction Act, the Treasury's new Climate Hub, and the department's evolving role in tackling the economic and financial implications of the climate crisis. The discussion covers the IRA's potential impact, the challenges of communicating its complex tax incentives, and concerns around the legislation's political durability. Zindler also addresses the tensions between fossil fuel interests and clean energy priorities, as well as the Treasury's efforts to engage with international partners and ensure an equitable clean energy transition. As the US grapples with the growing costs of climate-fueled disasters, this episode offers insights into how a key economic policymaking body is adapting to the climate emergency and the new geopolitics of the green energy transition. Leadership CircleCleaning Up is supported by the Leadership Circle, and its founding members: Actis, EcoPragma Capital, EDP of Portugal, Eurelectric, the Gilardini Foundation, KKR, National Grid, Octopus Energy, Quadrature Climate Foundation and Wärtsilä. For more information on the Leadership Circle, please visit https://www.cleaningup.liveLinksOverview of the Treasury's climate activities: https://home.treasury.gov/policy-issues/climate-changeCleaning Up with Dr Ma Jun: https://www.youtube.com/watch?v=Fu6giWzTxAYCleaning Up with Dipender Saluja & Ion Yadigaroglu: https://www.youtube.com/watch?v=tUTPkszXs\_Y

Ocean's absorb one third of the CO2 we are recklessly pumping into the atmosphere, as well as 90% of the heat. What would happen if that were to stop?The oceans define every aspect of our planet's physical systems, its ecosystems, human history and human culture. They also define the planet's future. Oceans represent an almost unexplored frontier in the fight against climate change, whether as a host for offshore wind farms, an enhanced carbon sink, a source for critical minerals or a route for high-voltage DC cables. But could there be unintended consequences? This week on Cleaning Up, Michael Liebreich welcomes Dr Helen Czerski, whose expertise is 25,000 miles wide and seven miles deep, to discuss the crucial role the oceans play in regulating our climate and keeping the planet habitable. Helen is a physicist and oceanographer, and associate professor in the Department of Mechanical Engineering at University College London. She is the author of two books: 'A Storm in a Teacup' and 'The Blue Machine', about the physics of the oceans. Leadership Circle: Cleaning Up is supported by the Leadership Circle, and its founding members: Actis, EcoPragma Capital, EDP of Portugal, Eurelectric, the Gilardini Foundation, KKR, National Grid, Octopus Energy, Quadrature Climate Foundation and Wärtsilä. For more information on the Leadership Circle and how to become a member, please visit https://www.cleaningup.live Links and more: Helen's website: https://www.helenczerski.netHelen's book, Blue Machine: https://www.penguin.co.uk/books/441190/blue-machine-by-czerski-helen/9781804991961Episode 107 of Cleaning Up with David Cebon: https://www.youtube.com/watch?v=K61ZXd_F6Qo

Is the key to clean energy the heat beneath our feet? Could advances in the fossil-fuel extraction industry hold the key to providing 24/7 clean power? And can a Texan CEO and former oil exec bring geothermal to the masses? This week on Cleaning Up, Bryony Worthington sits down with Cindy Taff, a 35-year veteran of Shell, where she was Vice President of Unconventional Drilling, leading a team of 350 people with a budget of over $1 billion. Since leaving Shell, Cindy has made a bold pivot to the world of geothermal energy, and is now CEO of Sage Geosystems, where she is using her expertise in drilling, project management, and subsurface engineering to try to crack next generation geothermal energy. Cindy shares her journey, from rising through the ranks at Shell to leading a startup on the cutting edge of the energy transition. She delves into the technical challenges of tapping into "hot, dry rock" geothermal resources, drilling at 20,000 feet below the Earth's surface, the regulatory hurdles of using techniques like fracking or 'stim drilling', and the potential to to use geothermal wells as an energy storage solution. Cindy has a unique perspective on how the oil and gas industry's toolbox can be repurposed to drive the clean energy transition, and believes geothermal is poised to play a crucial role in powering a sustainable future. Will she be proved right?Leadership CircleCleaning Up is supported by the Leadership Circle, and its founding members: Actis, EcoPragma Capital, Eurelectric, the Gilardini Foundation, KKR, National Grid, Octopus Energy, Quadrature Climate Foundation and Wärtsilä. For more information on the Leadership Circle and how to become a member, please visit https://www.cleaningup.live Links and moreSage Geosystems - https://www.sagegeosystems.comSage Geosystems and Meta sign 150MW geothermal power agreement - https://www.canarymedia.com/articles/geothermal/sage-geosystems-and-meta-sign-150mw-geothermal-power-agreementSage Geosystems raises $17M to build first-of-its-kind geothermal energy storage system in Texas: https://www.utilitydive.com/news/sage-geosystems-geothermal-storage-fervo-princeton/707879/Ep 168 Hot Rocks in a Box: The Rise of Thermal Batteries - https://www.youtube.com/watch?v=33QiMC4nG1k

What will it take for electric vehicles to truly dominate the transportation landscape? Can traditional automakers adapt quickly enough to the EV revolution, or will new players seize the opportunity? And how close are we to the holy grail of fully autonomous driving? This week on Cleaning Up, Michael Liebreich sits down with Dr. Andy Palmer, a pioneer in the electric vehicle industry. With over 45 years of experience in the automotive sector, Andy has witnessed the industry's transformation firsthand - from his early days as an apprentice to senior leadership roles at companies like Nissan and Aston Martin. Andy shares the fascinating story behind the development of the Nissan Leaf, the world's first mass-market EV. He delves into the challenges of bringing this groundbreaking vehicle to market and how it kickstarted his journey from "piston head" to "battery head." We also explore Andy's time at Aston Martin, where he tried to steer the iconic British brand towards an electric future. Andy provides keen insights into the rapid evolution of battery technology, the role of government policy, and the future of autonomous driving. Leadership Circle: We are delighted to announce the Cleaning Up Leadership Circle, and our founding members: Actis, EcoPragma Capital, Eurelectric, the Gilardini Foundation, KKR, National Grid, Octopus Energy, Quadrature Climate Foundation and Wärtsilä. For more information on the Leadership Circle and how to become a member, please visit https://www.cleaningup.liveLinks and more: Andy's website: https://www.drandypalmer.comMichael's writeup on AstonGate - https://www.linkedin.com/pulse/astongate-fake-emission-figures-embattled-carmaker-sock-liebreich/The need for plurality - Andy Palmer's response to Rowan Atkinson: https://www.drandypalmer.com/post/the-need-for-plurality-in-response-to-rowan-atkinsonEpisode 175 with Greg Jackson of Octopus Energy: https://www.youtube.com/watch?v=Gl-cRh35Hm4

As climate impacts mount, pressure is building on policymakers to find ways to alleviate the crisis. One controversial option being explored is geoengineering - direct human interventions to cool the planet. But can we safely and effectively implement these large-scale climate remedies? Bryony Worthington sits down with Kelly Wanser, Executive Director of the nonprofit SilverLining, which conducted early-stage experiments to improve the reflectivity of clouds in an experiment earlier this year. They discuss the different climate interventions being researched, the scientific and political challenges, and the critical need for robust evidence and governance to navigate these uncharted waters. From cloud brightening experiments to stratospheric aerosol injection, this conversation explores the potential upsides and major risks involved in intervening in the Earth's climate system. Leadership Circle: We are delighted to announce the Cleaning Up Leadership Circle, and our founding members: Actis, EcoPragma Capital, Eurelectric, the Gilardini Foundation, KKR, National Grid, Octopus Energy, Quadrature Climate Foundation and Wärtsilä. For more information on the Leadership Circle and how to become a member, please visit https://www.cleaningup.liveLinks and more: SilverLining Website: https://www.silverlining.ngoNYTimes article on SilverLining's experiment: https://www.nytimes.com/2024/04/02/climate/global-warming-clouds-solar-geoengineering.htmlEpisode 168 with Anand Gopal: https://www.youtube.com/watch?v=33QiMC4nG1k&source_ve_path=MjM4NTE