The Greenhouse Gas Protocol – the global gold standard for measuring corporate emissions – is under review, and the proposed changes could dramatically reshape how clean energy is bought, sold, and reported. New draft rules are expected by the end of the year.

What changes could we see? And how will they impact the energy transition? To find out, Sylvia Leyva Martinez, principal analyst at Wood Mackenzie covering solar markets, speaks with Lee Taylor, CEO of Resurety – a leading provider of data and analytics for clean energy buyers. Lee has spent over a decade helping companies understand not just how to procure renewables, but how to do so with real carbon impact.

Together, they explore what’s changing in Scope 2 emissions accounting, why location and timing of energy use now matter more than ever, and how voluntary clean power markets might evolve. They break down complex concepts like emissionality, 24/7 procurement, and consequential accounting – and what these mean for corporate net-zero strategies, PPA structures, and the future of Renewable Energy Certificates.

If your business buys clean electricity or reports against Scope 2, this is essential listening.

Plus, Taylor shares his advice for buyers and developers navigating the shifting landscape, and explains why the next six months will be key in shaping rules that will define voluntary climate leadership in the coming years.

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Nearly 150 days into President Trump’s second term, the outlook for wind energy in the United States - particularly offshore wind - is increasingly bleak. Trump had pledged to end offshore wind development, and now the House Ways and Means Committee is proposing a phase-out of tax credits for renewables by 2031 - a move that would severely impact an already struggling wind sector (over on our sister podcast Energy Gang, we discuss the bill and what it means for renewables – check out that episode once you’re finished here).

Only three offshore wind projects have come online in US waters, with 4 GW currently under construction. In 2024, total wind installations reached a ten-year low at just 5.2 GW. By contrast, Europe has surged ahead, having built 35 GW of offshore wind capacity - ten times the US total – emphasising the stark differences in policy and financing frameworks.

Still, there are glimmers of hope: President Trump recently lifted a stop-work order on a $5 billion offshore wind farm off the coast of New York, following lobbying from Governor Kathy Hochul. The project, led by Norwegian company Equinor, is expected to power 500,000 homes by 2027. However, with developer confidence sinking, experts warn that the stop-start nature of US policy continues to undermine long-term momentum in the sector.

To forecast the next few years for wind in the US, host Sylvia Leyva Martinez – principal analyst at Wood Mackenzie – is joined by analyst Stephen Maldonado. They explore the policy and technology that’s holding back deployment of offshore wind in the US.

Plus, looking across the Atlantic to Europe, Sylvia talks to WindEurope CEO Giles Dickson, about the financing frameworks for wind in Europe.

Sylvia, Stephen and Giles talk through the lessons for developers and financers: with uncertainty around tax credits and shifting policies, there may be a shift in resources to more advanced projects, putting early-stage ones on hold. Repowering old wind turbines is an option too; Giles explains how. And making use of domestic supply chain strengths is key – compared to solar, wind has more domestic supply chain support.

Follow the show wherever you’re listening to it now, and tell us what you think, we’re on X and Bluesky @interchangeshow

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The US is risking ceding global market share of clean energy to China, permanently.

New tariffs, put in place one day then removed the next. Rising costs for everything along the supply chain. The US clean energy sector is navigating one of its most unpredictable phases yet. From solar to storage, how are developers and policymakers reacting to renewed trade tensions and their impact on the energy transition?

“This isn’t just about clean energy deployment. It’s about whether the US will have a seat at the table in the future global energy economy,” says Leslie Abrahams, Deputy Director of the Energy Security and Climate Change Program at CSIS – the Center for Strategic & International Studies. She joins host Sylvia Leyva Martinez, a principal analyst covering global energy markets at Wood Mackenzie, to find out what the outlook is for US energy innovation. Escalating tariff policy is shaking investor confidence, altering supply chains, and putting the power firmly with China.

Plus, in the second half of the show, Sylvia gets the developer perspective, from Joao Barreto, who is CEO of EDP Renewables’ distributed generation business in North America. He explains how one of the world’s largest clean energy developers is mitigating risk, adjusting their strategy, and building trust with manufacturers and offtakers amid unprecedented uncertainty.

Sylvia, Leslie and Joao discuss:

• Why US$8 billion in clean energy projects were cancelled in Q1 2025, and what that signals to the market
• How US tariffs on Chinese batteries are backfiring on domestic manufacturing
• The challenge of accelerating R&D while shutting out foreign investment
• How storage and solar developers are hedging their bets
• Whether the US risks ceding global market share to China permanently

Power Play was developed by ExxonMobil to shine a light on the accomplishments of remarkable women and the men who uphold the importance of empowering others in the LNG and decarbonization industries. Nominations for the seventh annual Power Play Awards are now open, with four categories available: The Rising Star, The Pioneer, The Ambassador, and The Low Carbon Accelerator. Nominate a deserving candidate today! Nominations close May 30th. Find out more.

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