Principal
CurrentContinually enjoy the exploration of developments in renewable energy, energy storage, hydrolysis, power to fuel, carbon dioxide removal and use streams. Many interesting and exciting things to consider, and evident that every technology and market space has a role to play.Yet the missing ingredient that looms large when I look at the global landscape is a driver for needed scaling and market diversification - a price on emissions. The minimum technologies needed are in hand and improving rapidly, the intellectual understanding and data for goal setting is present. What is missing is a price to consistently and rationally stimulate deployment and rapid scaling - the policy effort from federal and state governments for market formation. $0 is the only price we know to be wrong, yet it is what we apply to so many harmful material emission streams that damage the ecosystem that sustains us. "The Market": a powerful tool that we allow to harm us by accident, rather than fully employing for our intentional betterment. At this juncture I would like to work on policy or products that strike at this base issue.A 2023 humble brag: the REACH policy I promoted as an Austin EUC Commissioner has been in place for >3 years now. Over program life > 4 Million tonnes of emission reduced from AE operations at a (forfeited revenue) cost of ~$12.45/tonne - cheap relative to existent regional markets in the US, to the federal social cost of carbon estimate, or the federal subsidy for carbon capture and sequestration ($50/tonne) for something that also curtails primary pollutants yet keeps the fossil fuel assets at hand and ready for when the electric grid is under greater duress. The upsides of generation asset deployment changes were all positive for Texas. Markets work when goals and guardrails are in place to internalize as many of the things that matter as possible - so that the unifying $ signal can lead to a better optimums.