- Han Kang's books sell out in South Korea after Nobel win
- Shanghai markets sink ahead of briefing on mixed day for Asia
- Investors, analysts eye bigger China stimulus at Saturday briefing
- Musk unveils robotaxi, pledges it 'before 2027'
- At least 11 dead in Florida but Hurricane Milton not as bad as feared
- Asian markets mixed after Wall St drop, Shanghai dips before briefing
- Automaker Stellantis says CEO will retire in 2026
- Musk's promised robotaxi unveil delayed
- On US coast, wind power foes embrace 'Save the Whales' argument
- At least 10 dead in Florida after Hurricane Milton spawns tornadoes
- Internet Archive reels from 'catastrophic' cyberattack, data breach
- Wall Street stocks retreat from records on US inflation data
- Israel strikes central Beirut, killing 22
- Solar storm could impact US hurricane recovery efforts: agency
- Delta eyes Election Day travel pullback as profits climb
- Florida battered by hurricane, floods but spared 'worst-case scenario'
- UK's William and Kate in first joint public engagement since cancer treatment
- Over 200 women in legal talks with Harrods over Fayed abuse claims
- A very stiff breeze: BBC says sorry for 20,000 kph wind forecast
- Musk finally unveiling his long-promised robotaxi
- London's Frieze art fair goes potty for ceramics
- US, Europe stocks fall on US inflation data
- US consumer inflation eases to 2.4% in September
- Hurricane Milton tornadoes kill four in Florida amid rescue efforts
- South Korea's Han Kang wins literature Nobel
- Ikea posts fall in annual sales after lowering prices
- Stock markets diverge, oil gains after China rebounds
- World can't 'waste time' trading climate change blame: COP29 hosts
- South Korean same-sex couples make push for marriage equality
- Mumbai declares day of mourning for Indian industrialist Ratan Tata
- 7-Eleven owner restructures to fight takeover
- Sri Lanka recovering faster than expected: World Bank
- Hong Kong, Shanghai rally as most markets track Wall St record
- Uniqlo owner reports record annual earnings
- Hong Kong, Shanghai rally as markets track Wall St record
- Indonesia biomass drive threatens key forests: report
- Mumbai mourns Indian industrialist Ratan Tata
- China opens $71 bn 'swap facility' to boost markets
- Asian markets track Wall St record as Hong Kong, Shanghai stabilise
- 'Denying my potential': women at Japan's top university call out gender imbalance
- China's central bank says opens up $70.6 bn in liquidity to boost market
- Youth facing unprecedented wave of violence, UN envoy warns
- 'A casino in every kitchen': Brazil's online gambling craze
- Nobel chemistry winner sees engineered proteins solving tough problems
- Discord seen as online home for renegades
- US forecasts severe solar storm starting Thursday
- Ratan Tata: Indian mogul who built a global powerhouse
- One dead as storm Kirk tears through Spain, Portugal, France
- Indian business titan Ratan Tata dead at 86
- Fed minutes highlight divisions over rate cut decision
US to be 'global leader' in energy transition: Energy Secretary
Pointing to key Biden administration policies to mitigate climate change, Energy Secretary Jennifer Granholm promised Wednesday that the United States would lead global energy transition.
"The Biden-Harris administration has made the United States the most attractive investment landscape for new energy and decarbonization technologies," Granholm said in an address at CERAWeek, a major energy conference, in Houston.
"The United States will be the global leader of this transition," she added.
Biden has signed into law a major 2021 infrastructure plan, followed by the Inflation Reduction Act (IRA) last year, which also included significant incentives for carbon-free energy.
Between the two packages, Washington has established nearly $500 billion in subsidies, loans and tax incentives for renewable energy, climate-friendly transport and technology development
Such programs have made the United States "irresistible" to investors and foreign companies focused on these industries, she said.
But Granholm acknowledged that the IRA has unsettled officials in the European Union, who fear the aggressive US program could shift investment away from the bloc.
"Well, let's just say that the businesses love it. Big government, not so much," Granholm said.
"But as we keep saying, ... you should incentivize the production of clean energy in your country as well," Granholm said, adding that she welcomed "a little friendly competition" to green the economy.
"We will continue to work with our allies," she said. "We don't want to stoke trade wars or anything like that."
At last year's conference, held soon after Russia's invasion of Ukraine, Granholm exhorted the energy industry to boost production as oil prices soared.
On Wednesday, Granholm said she was "grateful" for increases in energy production, referring to forecasts that the United States will hit record crude production in 2023 and 2024.
"That obviously has helped our allies and it's helped at home making sure that we don't see the volatility at the at the pump," Granholm said.
But she said there is still plenty of risk, adding that both the United States and Europe were a "bit lucky" with a milder winter that did not require too much energy for heating.
H.Meyer--CPN