On September 22 China’s President Xi has delivered the country’s new pledge to reach peak carbon emissions earlier than 2030 and carbon neutrality by 2060 to the UN General Assembly. If pursued, this pledge marks a fundamental shift in China’s global climate ambitions and will have profound long-term impact on the global economy and energy markets. How sustainable will this impact be for the globe? Well, it all depends. Maria Pastukhova has the details.
Global trade has been a notorious difficult sector to sign up for decarbonization. The crux of the problem is that its business is crossborder, and thus skirts the emissions reduction plans of individual national states. Much of it thus gets a free ride. Paul Hockenos reports
The so-called Green Deals on the table in Europe and the US present an enticing prospect to rejuvenate the greatly diminished transatlantic relationship — and help hit crucial climate targets before it is too late. The European Green Deal, proposed last year with much fanfare by EU commission president Ursula von der Leyen, overlaps significantly with the Green New Deal, an ecological spending program devised by congressional Democrats and endorsed by the party’s presidential candidate, Joe Biden. Paul Hockenos reports
To achieve greenhouse gas neutrality by 2050, in early July the European Commission (EC) published their new Hydrogen strategy for a climate-neutral Europe. Though the promise of a future green hydrogen-based system is the main selling point, in reality the near-term hydrogen economy will be dependent on a nightmarish mix of fossil gas-derived “grey” hydrogen, later supplemented by “blue” hydrogen, itself dependent upon the proving out of non-functional carbon capture and sequestration technologies (CCS). Behind the scenes, the oil and gas industry and their allies are pushing for a “technology-neutral” hydrogen future, thus ensuring them a handsome stream of profits. Despite the green label, there is every reason to suspect that the coming hydrogen transition will be exponentially dirtier than expected. L. Michael Buchsbaum reminds us to be skeptical in Part II of a series on the promises and pitfalls of green hydrogen.
When the EU embarked upon its energy transition odyssey, regulators deemed the burning of biomass as climate neutral—which when done on a relatively small-scale and under controlled conditions, it can be. But taking advantage of the EU’s biomass baked-in carbon loophole, power generators soon began converting older, coal-fired plants to burning it instead. There’s only one catch: the climate science doesn’t add up. Biomass’ special carbon accounting loophole is creating a superficial impression of climate progress as forests disappear and emissions rise. Despite sunk capital and billions in government subsidies, the EU has vowed reform, but will regulators really change course? L. Michael Buchsbaum has the details.
Last year, Brazil made international headlines for the devastating forest fires in the Amazon and their impact on the world’s vital oxygen lungs. Many governments – especially from Europe – were quick to condemn the deforestation of the Amazon that had been increasing rapidly since far-right President Bolsonaro took office in January 2019. Rebecca Bertram takes a closer look.
Presumptive Democratic party presidential candidate Joe Biden has released an ambitious $2 trillion energy and climate plan that will, if implemented, create not only millions of well-paying jobs, but place the nation on a mid-century carbon neutrality pathway. Calling for a massive investment in solar and wind capacity, Biden aims for a coal exit and elimination of carbon pollution by 2035. More than just an energy and climate platform, Biden’s plan reckons with ensuring a just transition for affected coal and gas producing regions, while directing support towards impacted poor and minority regions so often in the smokestack shadows. Far from perfect, Biden’s plan would at least begin to stop the world’s top polluter from taking us all over the climate cliff.
The European Union (EU) is planning to tax carbon-intensive products as a strategy to decrease global emissions and avoid carbon leakage. But will exporters be able to adapt? Lilia Maximova, Gabriela F. Kilpp, Natalia Koto, and Bárbara Martins take a look.
The transportation sector in Latin America is still largely based on fossil fuels and responsible for 35 percent of the continent’s carbon emissions. Greening public transportation systems is an issue predominantly for a few wealthier cities. But many remain highly inefficient, insecure and in the hands of powerful transportation mafia-like groups, which make them a difficult subject for reform. Yet the main hurdle for developing a sustainable transportation concept in many Latin American countries is the disconnect between national and municipal policies on transportation and energy policy. Rebecca Bertram reports