Climate

Securing the supply of key minerals is mission critical for the clean energy transition.

Geothermal is a proven, clean source of baseload power. Yet despite decades of operational success, it accounts for less than 1% of global electricity generation. That's about to change.
Conventional hydrothermal systems are ready to deploy today, and next-generation technologies like enhanced geothermal systems (EGS), closed-loop systems, and superhot geothermal will unlock heat resources beyond naturally occurring reservoirs, dramatically expanding geothermal potential.

The power-hungry data centers that train large AI models are driving investments in electricity generation. Whether this locks in new fossil fuel capacity for decades to come or propels the energy transition will depend on how fast developers can deliver new clean electrons.

Biofuels are uniquely positioned to help stopgap emissions in the sectors that cannot yet easily be electrified like aviation, maritime shipping, heavy trucking, and industrial heat, while emerging technologies become ready for widespread industrial-scale commercial deployment. Already a $100 billion industry in the U.S. and growing 8 percent annually, they offer an immediate, plug-in substitute for fossil fuels that works with existing infrastructure.

Ending reliance on oil, coal, and gas, and embracing technologies that will only improve and become cheaper over time, is not just smart climate policy. It is the best way to improve economic competitiveness and human prosperity for decades to come.

In recent years, a social media post about a new or revised tariff could upend a day’s work for Maithili Shenoy, until recently Target’s Vice President of Owned Brand Sourcing and Manufacturing for the Western Hemisphere.