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US-Canada can and will extract critical minerals sustainably, says top US diplomat
Ever heard of critical minerals? Well, there's a reason they are called that way — and it has a lot to do with clean energy.
At the US-Canada summit in Toronto, GZERO's Tony Maciulis asks Jose Fernandez, US Undersecretary of State for Economic Growth, Energy and the Environment, about why these minerals are such a big deal and what the US and Canada are doing to secure supply.
Fernandez also shares his views on how critical minerals can be mined sustainably, and more broadly on how the two countries can work together to tackle this and other issues relevant to the fight against climate change.
For more, sign up for GZERO North, the new weekly newsletter that gives you an insider’s guide to the world’s most important and under-covered trading relationship, US and Canada.
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The road to becoming a sustainable energy superpower
A new legislation might save the US from a climate catastrophe. The passage of the Inflation Reduction Act has revived a sputtering Biden administration and represents the single largest climate spending package in US history. Ian Bremmer speaks to US Energy Secretary Jennifer Granholm on GZERO World to talk about how the new law could help America (and the world) respond to climate change, by giving American families and businesses carrots to use more clean energy rather than sticks from guzzling fossil fuels.
The IRA will do things like boost the domestic energy manufacturing sector or help the US show up at the upcoming COP27 climate summit in Egypt as a global leader on clean energy. Granholm believes that Russia's war in Ukraine has aggravated the energy crisis. Making the transition to clean energy even more urgent because the West no longer wants to rely on Russia to keep the lights on.
She also touches on Europe's current energy woes and hopes for an opening on climate cooperation with China. Despite a recent chill in ties over Taiwan, Granholm says President Biden is eager to reengage Beijing on things like clean hydrogen.