Climate Currents

Climate Blog

July 16, 2021

A group of 10 states is endorsing the Biden administration’s call for $17 billion in investments at ports, arguing the funding should be used to deploy zero-emission equipment in a range of applications.

Citing European regulators’ ongoing climate risk reviews for banks, Fed Chairman Jerome Powell told a Senate hearing that, “My guess is that's a direction well go in, but we are not ready to do that yet.”

July 15, 2021

“You cannot preach temperance from a barstool. You cannot tell the rest of the world that they should reduce their emissions if we ourselves are not leading the way,” Sen. Ed Markey (D-MA) said.

July 14, 2021

The plan could put the Biden administration in a tough spot, given its twin desires to repair trans-Atlantic ties on climate policy and to protect American companies.

July 13, 2021

Youth plaintiffs pursuing a novel constitutional climate case will not seek high court review of an adverse appellate court decision and will instead try to amend their complaint at the district court level.

Aside from the five Republican senators who directly negotiated the agreement with President Joe Biden and moderate Democrats, one report says GOP backing for the deal is “soft.”

July 12, 2021

Analysis from a group of academic researchers is touting the net benefits of a clean electricity standard, while top Democrats press for the policy to be included in an upcoming budget “reconciliation” measure.

Finance ministers from the Group of 20 nations say a mix of tools is needed to shift to a low-carbon economy, including “if appropriate, the use of carbon pricing mechanisms and incentives.”

July 9, 2021

Our top stories this week analyze EPA’s auto greenhouse gas rule expected to have steeper targets than California’s voluntary deal, a court win for a municipal natural gas ban, clean energy standard debates, and more.

Carbon border adjustment programs should “focus on the degree to which a country's climate policies reduce emissions” rather than only on explicit carbon pricing, Treasury Secretary Janet Yellen told a G20 event.

July 8, 2021

The Coast Guard is seeking public input into how it might revise its programs and policies to fight climate change and bolster resilience to climate impacts.

A still-evolving bipartisan infrastructure package “could hit the Senate floor as early as the week of July 19,” according to one report, even though clean energy and other aspects of the legislation remain in flux.

July 7, 2021

Republican-led states note the Biden administration is requiring agencies to use its “interim” update to the social cost of carbon metric, a move they say makes their case ripe for courts to consider.

“The time has come to take this to the next level and ensure that we avoid harmful market fragmentation,” said Randal Quarles, a top Federal Reserve official who also leads the G20’s Financial Stability Board.

July 6, 2021

Once completed, the rule could help cut electricity demand and resulting greenhouse gas emissions, given that manufactured homes are widely used.

The House Problem Solvers Caucus is backing an infrastructure “framework” the White House reached with a bipartisan group of senators, though environmentalists continue to push for more climate-related funding.

July 2, 2021

EPA is detailing its enforcement plan for newly re-instated oil and gas methane rules, House appropriators and White House officials seek to advance carbon capture technology, and more.

Approval of the plans would narrow the scope of a federal plan the Biden administration finalized in May to implement Obama-era methane controls for landfills.

If Congress passes an infrastructure bill with major investments in electric vehicles, some observers say it could help secure industry support for stronger EPA auto greenhouse gas rules.

July 1, 2021

Over 130 House Democrats, representing both the progressive and moderate wings of the party, say a major expansion of clean energy tax breaks is a “critical part” of emerging infrastructure legislation.


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