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On Wednesday, October 29 Axios' Amy Harder hosted a conversation on the pandemic's effects on the environment, the energy industry, and how these shifts will have a lasting impact on the private sector's approach to renewable energy. The conversation featured Sunrun co-founder and CEO Lynn Jurich and New York's deputy secretary for energy and environment Ali Zaidi.

Lynn Jurich discussed the shift to renewable energy and the technology making renewable energy cheaper than fossil fuels.

  • On the next biggest global challenge in renewable energy: "How do you decarbonize this energy industry globally?...I view this very much as an opportunity and something where the U.S. should really be just moving faster on this. And that's why I look to the Biden program to help us."
  • On new technologies in the energy space: "We're just scratching the surface of the existing lithium-ion battery technology. If we combine that technology with renewable energy, we can go a long way to decarbonizing our energy system."

Ali Zaidi unpacked Gov. Cuomo's statewide plans around renewable energy, from centering issues of race and equity, as well as New York state's initiative to get to 70% renewable electricity by 2030.

  • On the goals of New York's energy policy plans: "It's an opportunity to advance jobs. It's an opportunity to advance justice. And it's an opportunity to advance our climate ambitions. That's the playbook Gov. Cuomo has laid out."
  • How energy is an equity issue: "What we are seeing increasingly is the intersecting and interconnected challenges of race, of equity and of the environment. And what that reveals to us is a real opportunity. Coming out of this pandemic to build back better."

Axios Chief Revenue Officer Fabricio Drummond hosted a View from the Top segment with Cognite co-founder and CEO John Markus Lervik and discussed the role of technology in increasing usage of renewable energy.

  • "For renewables and renewable transformation, [it is] fully dependent on digital transformation. Technology is the single most important driver for more sustainable and environmentally friendly operations."

Thank you Cognite for sponsoring this event.

Go deeper

Updated Jan 28, 2021 - Axios Events

Watch: The future of financial inclusion

On Thursday, January 28, Axios' Dan Primack hosted a conversation on financial inclusion in the global economy, featuring Sen. Tina Smith (D-Minn.) and Institute for Women's Policy Research CEO C. Nicole Mason.

Sen. Tina Smith discussed the impact of the COVID-19 pandemic, uneven access to technology, and the role of systemic racism in growing economic inequities.

  • On what she thinks will be the most effective way to move the needle on financial equity: "Raising the minimum wage to $15 an hour...is one of the biggest things that we can do to address the wage inequality and savings potential for people of color in this country."
  • On Democrats' economic goals going into the new administration: "Addressing this kind of discrimination in financial services and creating more opportunities for people of color to get access to banking services, loans, access to capital is a big priority for us as [Democrats] move into the majority."

C. Nicole Mason discussed how job losses during the pandemic reflect existing gender and racial inequities, as well as the disproportionate burden of childcare on women.

  • On the scale of job losses for women: "Since the start of the pandemic, women have exited the workforce at four times the rate of men, so about 11 million women since the start of the pandemic have lost their jobs or exited the workforce."
  • On childcare as an equity issue: "With the pandemic, the burden [of childcare] doubled and tripled...We need a national childcare infrastructure where we keep up childcare as a public good and people can access it regardless of their income or ability."

Axios co-founder and CEO Jim VandeHei hosted a View from the Top segment with Executive Vice President and Chief Executive Officer of Europe, Visa Charlotte Hogg, who discussed digital and financial inclusion as a component of economic equity during the pandemic.

  • "We have to think about inclusion as being digitally, financially included. [From] small businesses who are increasingly important in driving towards a more inclusive recovery and who need to be digitally enabled to participate in that, [to] consumers who for various reasons may be vulnerable."

Thank you Visa for sponsoring this event.

Dion Rabouin, author of Markets
13 mins ago - Economy & Business

The digital dollar is now high priority for the Fed

Illustration: Aïda Amer/Axios

The U.S. is starting to get serious about a central-bank-backed digital currency, with recent comments from top officials laying out the strongest support yet.

Driving the news: On Tuesday Fed chair Jerome Powell told Congress that developing a digital dollar is a "high priority project for us," but added that there are "significant technical and policy questions."

Dan Primack, author of Pro Rata
1 hour ago - Economy & Business

Coinbase files to go public

Illustration: Eniola Odetunde/Axios

Cryptocurrency exchange Coinbase on Thursday filed to go public via a $1 billion direct listing.

Why it matters: This comes in the midst of a crypto boom, and the listing may further legitimize the industry.