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As the world shifts from climate cooperation to climate competition, what role do businesses and policymakers play in shaping the future of clean energy? Jonas Meckling, professor at UC Berkeley and climate fellow at the HBS Institute for Business in Global Society, explores the evolving dynamics of climate policy, industrial strategy, and corporate leadership in a rapidly changing economic landscape. Key takeaways Nations are now racing to secure leadership in clean energy industries rather than just dividing decarbonization costs. Policy uncertainty remains, but bipartisan economic interests may sustain key provisions. Companies must advocate for stable policy environments while accelerating cost parity for clean technologies. Successful energy transitions require coordination between private investment and public policy. Financial regulators worldwide are increasingly factoring climate-related risks into monetary policy. Timestamps 00:00 - Introduction: Climate action in a new era 01:10 - The shift from climate cooperation to climate competition 03:45 - The future of the Inflation Reduction Act (IRA) 06:30 - Business strategy in a shifting policy landscape 10:15 - How the U.S. energy transition differs from Europe’s approach 13:50 - The role of government in scaling clean technologies 18:25 - Central banks, financial stability, and climate risk 22:40 - What business leaders should watch in the coming months 26:15 - Key lessons for the future of the green economy Dive deeper into Meckling's research on central banks and climate policy – access the complete study here: https://www.hbs.edu/bigs/harvard-meck...