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Uday Varadarajan

Uday Varadarajan

Uday is a Senior Principal in the Carbon-Free Electricity Practice at RMI where he applies cutting edge data and analytics to develop new approaches to achieve an affordable and fair transition to zero-carbon energy system. His team’s work helped catalyze the development and passage in the Inflation Reduction Act of a $250 billion Energy Infrastructure Reinvestment loan program, a $10 billion transition financing program for rural cooperatives, and changes to federal clean energy tax incentives that together can make sure that the benefits of the transition to clean energy are broadly shared. These policy proposals were informed by his team’s work at RMI – and previously as a Precourt Energy Scholar at the Sustainable Finance Initiative (SFI) at Stanford University and at Climate Policy Initiative (CPI) – pioneering the use of ratepayer-backed bond securitization to help make accelerated coal retirement more affordable and just. That work resulted in over $1.5 billion in five new coal transition transactions in the US, passage of enabling legislation in seven additional states, and proposed international coal transition mechanisms to scale the approach beyond. Prior to his time at CPI, he was a program examiner in the U.S. White House Office of Management and Budget (OMB), where oversaw the cost assessment and approval of the first $8 billion in DOE loans to automakers, including loans to Tesla and Nissan to build electric vehicles. Uday was a AAAS Science and Technology Policy Fellow, a postdoctoral fellow in theoretical physics at the University of Texas at Austin, and completed a Ph.D. in physics from the University of California at Berkeley and an undergraduate degree in physics from Princeton University.

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