“If You Would Just Do Your Homework” Pleading Fails & Magic is Not Real!

C-MACC Weekly Sustainability and Energy Transition Report

“If You Would Just Do Your Homework” Pleading Fails & Magic is Not Real!

• 1^st Topic of the Week: The recent IEA report states the obvious about transition shortfalls, but the advice of “just try harder” does not help when industrial and national stakeholders cannot meet expectations regardless of how much money they are willing to spend – equipment availability is a challenge, but regulatory timelines in many countries add uncertainty to an industry that is already hard to finance.
• 2^nd Topic of the Week: Tariffs are rising on Chinese equipment/vehicles, and this is poorly thought through in our view – look for a webcast invitation for October 9^th where we will debate China, energy, and tariffs with Tom Harley of Dragoman.
• Otherwise: We look at growing CO2 values in parts of the US and weaker or declining, but still higher, values in Europe. Incentives to remove carbon remain too low. We also look at some of the challenges of oversupply and regional strategies for batteries.

Exhibit 1: We are not implementing policies to meet the COP28 full implementation case because we can’t.

Source: From Taking Stock to Taking Action – IEA, September 2024