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The year 2024 experienced a mix of highs and lows. On the positive side, we witnessed unprecedented growth in clean energy deployment, advancements in climate-friendly policies globally, and an increasing demand for diverse energy solutions. Nonetheless, we faced challenges such as conflict, warfare, inflation, geopolitical strains, and a transformed political arena as over half the globe participated in elections. Despite this, global greenhouse gas emissions kept escalating, with little hope for a downturn in this decade.
As unpredictability sets in and conventional routes become blocked, the merit of CATF’s distinct methodology comes to the forefront once again.
CATF has consistently advocated for a more transparent confrontation with the climate crisis and a varied strategy to tackle it, recognizing that climate initiatives can only progress alongside efforts to enhance energy security, strengthen competitiveness, advance public health, and promote economic development. We also understand that acknowledging these realities and adapting our approach leads to a quick realization of several key points:
These tenets remain steadfast and are, in fact, strengthened during times of doubt and challenges — such as the recent outcomes from the U.S. elections. Now, more than anytime before, CATF’s pragmatic approach stands out prominently.
The climate dilemma extends over a century, and a climate strategy that operates effectively only every four to eight years is no true strategy. CATF is equipped to vigorously safeguard our achievements while evaluating the perpetually evolving landscape and discovering new avenues for progress, collaborating with partners across political and business realms.
Continue reading to delve into our impact highlights for 2024 and learn how we plan to sustain this momentum into 2025.
Importance: CATF’s legal efforts are essential for maintaining regulations that decrease pollution from industrial sources. In 2024, we:
What’s next: Pollution regulations under the Clean Air Act and other guidelines that ensure our air quality remains safe and our climate remains stable are grounded in law, science, and economics. These safeguards are crucial for everyone – and our legal team is prepared to defend them.
Importance: Superhot rock geothermal energy (SHR) holds the promise of unlocking terawatts of clean, reliable, always-available power globally. This is why CATF is dedicated to transitioning this potentially revolutionary energy resource from research and development into practical application:
What’s next? CATF is dedicated to promoting SHR advancement through revised Bridging the Gaps resources, an in-depth synthesis report, and establishing a technology roadmap informed by the insights gained during this summit. These resources will aid the SHR community in managing technical, logistical, and funding needs, and the connections fostered at this summit will hasten the SHR timeline and facilitate growth within the community.
Why it matters: Nuclear energy is essential for worldwide decarbonization – and can play a vital role in bolstering energy security and driving economic advancement.
What’s next? Governments, industrial consumers, and the nuclear sector must work together to devise comprehensive implementation strategies to ensure the prompt and effective realization of nuclear energy initiatives – and CATF is diligently striving to ensure this occurs.
Why it matters: Methane emissions possess 80 times the warming capacity of CO2 over a 20-year span, indicating that curtailing methane pollution now is the swiftest method to decelerate global warming. At CATF, our focus is on mitigating methane from energy, agriculture, and waste:
What’s next: CATF has consistently advocated for methane reduction as one of the most economical and effective means to slow down short-term warming. This effort continues as we strive for tangible progress in lowering methane pollution.
Why it matters: Before large-scale solar or wind installations can be constructed in a specific state or region, developers encounter a complex process of siting and permitting the new infrastructure. Over the last year, CATF has developed several resources regarding renewable energy siting and electric transmission permitting:
What’s next: This research and assessment can aid in informing decisions as states are set to receive a surge of federal funding for clean energy projects and can assist lawmakers in crafting policies to facilitate the siting of more projects and modernize grid infrastructure in a way that benefits communities.
Why it matters: A significant aspect of CATF’s mission is critically assessing where certain climate technologies are viable, where they fall short, and when it’s necessary to revisit our prior notions. This honest broker role is fundamental to our efforts to propel technologies that will facilitate a zero-carbon, high-energy future at an affordable cost.
What’s next: This research is instrumental in guiding CATF’s policy advocacy across the globe – and we will persist in promoting practical, enduring solutions that help propel these climate technologies to yield the greatest benefits.
Why it matters: Fusion energy, once perceived as a distant possibility, is on the verge of making a significant breakthrough to revolutionize our energy landscape and satisfy the demand for clean, reliable power. With over $7 billion invested in private fusion enterprises – over $6 billion raised since 2020 – the sector has experienced notable expansion, growing from 10 companies in 2017 toover 40 today.
What’s next: CATF will persist in its initiatives to promote fusion energy, aiming to enhance global collaboration, establish early commercial links, and advocate for policies that facilitate fusion commercialization.
Why it’s significant: Elevated capital expenses result in clean energy initiatives incurring significantly greater financing costs, impeding efforts to expand energy accessibility – essential for driving economic expansion and achieving climate objectives. African countries are endeavoring to reconcile economic development with the imperative to decarbonize. Addressing the substantial cost of capital is vital to realizing the continent’s clean energy potential.
What’s next: CATF ensures that policymakers, bilateral entities, and multilateral organizations have access to localized, relevant data that informs their decisions with pertinent, region-specific insights.
Why this is important: In spite of its historical role in global climate leadership, Europe has encountered setbacks in achieving its own climate aspirations. This year, EU policymakers revealed significant priorities that align with CATF’s long-standing assertions – climate policies must be integrated within an economic framework and must address energy security.
What’s next: As the new EU administration gains momentum, CATF has provided recommendations for the incoming Commissioners (including Energy and Housing and Climate) and the Executive Vice Presidents for the Clean, Just, and Competitive Transition and Prosperity and Industrial Strategy. In 2025, CATF will maintain its successful advocacy record to promote a variety of technological solutions within EU climate policy.
Why it’s significant: With unparalleled funding flowing to states from the Inflation Reduction Act and Bipartisan Infrastructure Law, CATF is working directly with states to help them effectively leverage the funding – and advocating for policies that will have a meaningful impact on the climate.
What’s next: Clean energy and clean air are widely favored throughout the nation, and state-level initiatives can advance climate strategies irrespective of the political landscape in the White House or Congress. CATF will persist in its vital work across U.S. states to drive progress and continue expanding the American clean energy revolution.
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