The recent power blackouts in Texas have raised serious questions about the state’s energy grid and how it is regulated. Jeffrey Ball joins David Dollar in this episode to explain what exactly went wrong and how policy decisions contributed to the crisis. Ball is a scholar-in-residence at Stanford’s Steyer-Taylor Center for Energy Policy and Finance where his research focuses on energy and the environment. He clarifies how renewable energy sources performed during February’s storm and their role in Texas’s energy sector. Ball and Dollar then turn to discuss economically efficient ways to decarbonize the U.S. power industry and the need for global cooperation to combat climate change. Dollar & Sense is a part of the Brookings Podcast Network. Send feedback to BCP@Brookings.edu and follow us at @policypodcasts on Twitter.