[LOOKING FORWARD] U.S. Industrial Policy Here to Stay

The world is facing an energy reckoning. Rocked by global energy shortages and massive price hikes, largely caused by Russia’s invasion of Ukraine, global leaders have been forced to deprioritize climate goals and focus on powering their country by any available means, such as coal and other fossil fuels. Once the darling of the European green movement, Germany, under Chancellor Olaf Scholz, has decided to extend the lifetime of its remaining nuclear plants as it faces energy blackmail from Russia ahead of the winter months.