President Joe Biden has announced that the United States will reduce its greenhouse gas emissions by between 50 and 52 percent by 2030 (compared with 2005 levels), nearly doubling the country’s 2015 commitment. This announcement kicks off Biden’s climate summit, convening 40 world leaders today and tomorrow and aiming to encourage similar ambition on a global scale. (The Washington Post)
Insurance giant Swiss Re has released a report saying that climate change is likely to reduce global economic output by 11 to 14 percent — as much as $23 trillion compared with growth levels without climate change — in the next three decades as a function of failed crops, the spread of disease and rising sea levels. (The New York Times)
The governors of 12 states have called on Biden to back a phaseout of gas-powered cars and trucks by 2035, per a letter seen by a media outlet. The state leaders — including the governors of California and New York — also argued for “significant milestones along the way to monitor progress.” (Reuters)
The Biden administration’s pause on oil and gas leasing on public lands will persist at least through June, according to the Bureau of Land Management, “pending completion of a comprehensive review and reconsideration” of the country’s practices. The report is set for completion later this summer. (The Hill)
The Trump administration put up bureaucratic obstacles that stalled approximately $20 billion in hurricane relief for Puerto Rico and then obstructed an investigation into the holdup, according to an inspector general report obtained by The Washington Post.
Environmental Protection Agency (EPA) Administrator Michael Regan said Wednesday that he doesn’t plan to return “verbatim” to the Obama administration’s rule on what types of waterways receive federal protections.
President Biden’s climate summit will begin on Thursday, Earth Day, and will feature a host of high-profile speakers and attendees, including heads of state and business leaders — and Pope Francis. Here is a breakdown of the biggest names and what the Biden administration is hoping to accomplish.
President Biden is announcing an ambitious new pledge to cut U.S. greenhouse gas emissions roughly in half by 2030 as part of a global climate summit he is hosting this week. It’s a move intended to reestablish America as an international leader in the fight against global warming after four years of Trump administration environmental rollbacks and climate denial.
WPP said on Thursday it planned to make the world’s largest advertising company reach net zero carbon emissions by 2025 by incorporating many of the virtual production solutions it has developed during the pandemic.
U.S. Climate Envoy John Kerry emphasized what he said was progress on negotiating with China on carbon emissions Wednesday, saying Beijing had described climate change as a “crisis” for the first time.
The White House wants to rev up projects across the nation by remodeling permitting policies that still protect the environment, Brenda Mallory, the new leader of its Council on Environmental Quality, told Bloomberg Law on Wednesday.
The founder of a Texas oil and gas investment firm that raised about $31 million shut the business this month and acknowledged in a Reuters interview that he had squandered investors’ cash on “bad” and “non-arm’s-length” deals.
Longtime proponents of raising the gas tax and recent converts to a vehicle miles traveled tax are sensing it’s increasingly unlikely that either revenue-raiser will be a part of President Biden’s massive infrastructure proposal.
For decades, infrastructure for coal, oil, and gas was seen as a relatively safe investment delivering strong returns, and renewables barely attracted the private sector’s attention. While banks put up trillions of dollars financing new fossil-fuel assets, from mines to power plants, government funds furnished about 50% of the annual investment (pdf) in America’s solar sector as recently as 2004.
Last year, California’s massive wildfires were impossible to ignore. Four million acres burned. People and animals died, homes were lost, power faltered for days at a time, air quality deteriorated, the sky over San Francisco turned orange.
The “State of the Air” 2021 report finds that despite some nationwide progress on cleaning up air pollution, more than 40% of Americans—more than 135 million people — are living in places with unhealthy levels of ozone or particle pollution. The burden of living with unhealthy air is not shared equally. People of color are more than three times more likely to be breathing the most polluted air than white people.
Returning to the pre-Covid-19 status quo will not help us meet the challenges of a world increasingly destabilized by climate change. We must increase our resolve and ambition to both mitigate global warming and enhance the climate resilience of America’s communities.