Tariffs, localization, and a new global energy order

Open Circuit

It's fair to say the last decade was the climate era of the energy transition. From the Paris Agreement to corporate net zero pledges, reducing carbon emissions dominated the global framework for deploying clean energy. But something profound is shifting.

In this episode of Open Circuit, we explore how a new security-driven paradigm is replacing climate as the primary driver of energy investments. As supply chains fractured during the pandemic, Russia weaponized natural gas to Europe, and America's role in global trade changes, countries everywhere are asking: not just "how clean is our energy," but "how secure is it?"

We dissect a new investment thesis, called The New Joule Order, arguing energy security could accelerate clean energy adoption faster than the net-zero framework ever could. We examine the historical context of America's changing role in global energy security since World War II, and how the current fracturing of global trade is forcing all countries to think differently about energy systems.

We also examine whether investors are replacing "green versus brown" investment strategies with "tolling versus trading" strategies. Understanding how these assets generate revenue and respond to economic conditions may provide investors with a clearer roadmap during this transition — where certainty is increasingly hard to find.

Plus, we examine the growing chaos in Washington as the Trump administration targets billions in clean energy programs. Multiple "hit lists" circulating through federal agencies are aimed at canceling grants and loans to hydrogen, storage, and transmission projects — mostly in blue states. We explore what this means for America's role in the security-focused energy future.

Sign up for our live virtual show on April 16 at 1:00 PM Eastern.

We'll also be live in person at Latitude's Transition-AI conference on June 12th in Boston with special guest Caroline Golin of Google.

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