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TEXAS COULD BE THE WORLD'S CLEAN-ENERGY CAPITAL. DOES IT WANT TO BE?
TIME Magazine
|May 22 - 29, 2023 (Double Issue)
There’s just one problem: politics. While many cities, states, and even countries are fighting for the trillions of dollars in public and private green investments that are transforming the energy industry, many Texas leaders, including a powerful segment of the state’s political leadership, are opposing the new opportunities
Some fear that clean energy will hurt the state’s incumbent fossil-fuel business. But many oppose the energy transition as a proxy for opposing Democrats, another way to prove to the conservative base that they are the reddest around. The result is a raft of measures that could hamper green-energy projects and incentivize carbon-heavy ones.
These divisions are setting up a surprising, high-stakes fight. Tudor’s coalition, the Houston Energy Transition Initiative (HETI), is organized by the city’s most prominent business group, and its members are putting serious cash behind new energy efforts. But some politicians are pushing back, launching efforts to slow renewable energy and publicly vilifying environment initiatives. “[Major oil and gas firms] may have supported us in the past, but they certainly don’t align with us now,” says Jason Isaac of the conservative Texas Public Policy Foundation. “They’re going to go and chase money—and it’s unfortunate.”
The fight in Texas can tell us a lot about the bigger push to address climate change. A well-executed transition would help cut global emissions, create wealth and opportunity for millions of Texans, and set an example for the world. But the unfolding debate also shows why it’s not so simple. Politics and culture are powerful forces everywhere, and despite mounds of evidence about the value of transition, it’s unclear whether long-term economic considerations will win out. We all have an interest in the outcome. “We need to do it for commercial reasons,” says Tudor, but “we have a responsibility to do it too. The challenges of climate change, and the energy transition broadly, are so enormous that they’re not going to be solved without us.”
Dit verhaal komt uit de May 22 - 29, 2023 (Double Issue)-editie van TIME Magazine.
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