Leonardo Martinez-Diaz

@leonardom-d.bsky.social

I lead the Sustainability, Climate, and Geopolitics program @carnegieendow; we work on climate mobility, clean energy supply chains & study global climate activism. Fmr. #climatefinance head @ Office of Special Presidential Envoy for Climate

Want to know what happens / should happen after a coal plant is retired? Our team tracked 170 projects around the world that were repurposed for clean energy. Use our interactive Global Carbon to Clean mapping tool to get the details. #cleanenergy #climateaction

Carbon to Clean Tracker: Repurposing Fossil Fuel Power Stations into Clean Energy Hubs

The Carbon to Clean Tracker catalogs where and how fossil fuel power stations are being repurposed into clean alternatives.

carnegieendowment.org

🚨For the past year, Carnegie has convened a bipartisan taskforce of past and future policymakers and industry leaders to explore the clean energy supply chain and develop a roadmap for the future. 📝Today, the taskforce released its final report and recommendations: t.co/yQtyxNDLPT

The U.S. Foreign Policy for Clean Energy Taskforce

Clean energy and associated products are increasingly essential for the security and prosperity of the United States. But if the United States is to decarbonize its own economy and do its part to cut…

t.co

Reading this EO, it feels like this new FEMA review council is being strongly nudged toward a pre-cooked conclusion: the costs and responsibilities of disaster aid should be pushed down to the states and away from the federal gov’t.

Council to Assess the Federal Emergency Management Agency – The White House

By the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered as follows: Section

whitehouse.gov

Investors' attention span for physical climate risk buried in municipal bonds is limited, and so local investment in adaptation may be being squelched. Maybe limiting the federal tax exemption would focus things - post today: open.substack.com/pub/susanpcr...

Municipal bonds continuing on despite physical climate risk

There may be a deal to be done using the federal tax exemption, but no one except the people who live here in the future will like it

open.substack.com

Unfortunate development. But quietly or not, the Fed will have to grapple with escalating climate impacts across the economy. And the debate about using monetary policy to push the energy transition is coming back, especially once fiscal policy levers become exhausted.

Federal Reserve Withdraws From Global Climate Coalition

The Federal Reserve has withdrawn from the Network of Central Banks and Supervisors for Greening the Financial System, a global coalition of central banks engaged in the study of climate risk that was...

bloomberg.com

An exciting development: ARPA-E's first funding for supercritical geothermal resources. $30 million is small, but it's an important first step to unlocking this untapped, high-reward resource. Hope to see more this. #Geothermal #EnergySky

Press Release | U.S. Department of Energy Announces $30 Million to Increase Baseload Power Resources Through Access to Superhot Geothermal Energy Resources

WASHINGTON, D.C. — Today, the U.S. Department of Energy (DOE) Advanced Research Projects Agency-Energy (ARPA-E) announced $30 million to increase geothermal power production by unlocking superhot reservoirs deep within the Earth. Currently, geothermal baseload production in the U.S. is limited to 4 gigawatts (GW). ARPA-E’s Stimulate Utilization of Plentiful Energy in Rocks through High-temperature Original Technologies (SUPERHOT) program aims to provide access to superhot reservoirs capable of producing 10-20 GW of reliable baseload power at a competitive cost.“Geothermal is a reliable and secure baseload power source, but today we are only able to access a fraction of the energy it can provide,” said ARPA-E Director Evelyn N. Wang. “SUPERHOT projects can change that and allow access to hotter reservoirs to create more domestic flow of energy onto America’s grid.”The SUPERHOT program will explore modification of conventional well designs or completely novel designs, materials, and materials systems that satisfy requirements to survive superhot conditions. SUPERHOT’s goals are to develop robust geothermal well construction capable of a 15-year operational life and enable transfer of heat from the surrounding geologic formation to the well. Projects will seek to enable access to resources with temperatures greater than 375 °C and pressures greater than 22 megapascals.SUPERHOT builds on ARPA-E’s history of support for enhanced geothermal projects. ARPA-E’s work in this area includes supporting industry leaders Fervo Energy, AltaRock Energy, and Eden Geopower.Visit the ARPA-E eXCHANGE website for more information about SUPERHOT, including key guidelines.ARPA-E is the disruption wing of the DOE that funds and directs the discovery of outlier energy technologies that are strategic to America's energy security. Learn more about these efforts and ARPA-E's commitment to ensuring American-made energy for all through U.S. leadership in developing and deploying advanced energy technologies. Press and General Inquiries:202-287-5440ARPA-E-Comms@hq.doe.gov

arpa-e.energy.gov

All eyes are on the crisis in the fire insurance market, but we can’t forget the other looming climate-relates crisis: flood insurance markets are not working either. Urgent fixes are needed, argues my team-member @scrawford.bsky.social in her latest piece for @carnegieendowment.org:

Flood Insurance Reform for the U.S. Housing Market

Flood risks affect homeowners’ costs and home values, but the housing finance system may not sufficiently account for these risks.

carnegieendowment.org

Our system of disaster aid is accustomed to dealing with hurricanes. Wildfires were a sideshow, financially speaking. Now, it will have to cope with a wildfire of hurricane-like dimensions. Here's the details from my team-member @sarahlabo.bsky.social: carnegieendowment.org/emissary/202...

The California Fires Could Upend the U.S. Disaster Recovery System

Hurricane-strength fires in dense, urban areas are a game-changer for an already fragile federal recovery structure.

carnegieendowment.org

Seeing the disaster conspiracy playbook run wild again during the #LAfires. It's 2 parts: 1) undermine government emergency responders, 2) divide people who need help. There's even evidence that foreign gov'ts are running the playbook in disaster after disaster. carnegieendowment.org/posts/2024/1...

Disaster-Related Misinformation Isn’t Unique to Helene and Milton

The conspiracy playbook focuses on undermining confidence in government and dividing Americans.

carnegieendowment.org

It’s always invigorating to start writing on a fresh page. I will use this platform to promote our work at Carnegie Climate, reflect on my time in the Biden admin, and stay hopeful and constructive on the key climate issues of the day. There is much to do.