Season 5 of the Center for Progressive Reform's Connect the Dots podcast continues with Episode 3: Banking on the Planet. Keep reading for a summary and to listen to the episode.
A couple weeks ago, Elon Musk hosted Saturday Night Live, a gig typically reserved for A-list movie stars, Grammy Award winners, and stand-up legends. But Musk has risen to fame through his electric vehicle and clean energy company Tesla.
Musk and Tesla have become a social, political, and cultural force in our country, driving an interest in environmental business, investing, and innovation. Through his company, Musk has put renewable energy on the map. His creations may be notoriously expensive, exclusive, and well beyond the reach of many Americans, but the movement he’s leading is growing. And mainstream investors are starting to put money behind it.
When it comes to innovation and clean energy, there’s a wide range of players building new technology and sourcing terrains to scale renewables. Funding for those projects comes from a host of financiers, from banks to private equity firms to, perhaps, everyday consumers.
In this episode of Connect the Dots, host Rob Verchick and his guests discuss the fiscal complexities of successfully …
Season 5 of the Center for Progressive Reform's Connect the Dots podcast continues with Episode 2: Capture the Enemy. Keep reading for a summary and to listen to the episode.
Companies using fossil fuels like oil, natural gas, and coal are facing heavy pressure to reduce their carbon footprint. If they don't, they could get hit with financial penalties or be completely shut down. In response, these corporations have come up with a treatment of sorts — it's called carbon capture and sequestration, or CCS for short.
The idea is that the industry can continue operating as it always has, but as a caveat, it will install a system to strip carbon from emissions. The carbon will be funneled through pipelines deep into the ground, where it will be buried forever. As a result, plants can keep running, businesses rally on as usual, there's less pollution in the …
This op-ed was originally published in The Hill.
A week after taking office, President Joe Biden issued an executive order “on tackling the climate crisis” that aims to face the challenge comprehensively and equitably. Biden has quickly appointed and seen confirmed a team of leaders who are committed to all aspects of this mission. Our country is finally on the cusp of meaningful climate action. The climate action train is so popular that even fossil fuel companies, which have historically sought to derail it, are now saying they’re on board.
We should, of course, welcome all sincere collaborators; the fossil fuel industry is not among them.
Yes, major oil and gas companies are finally, if reluctantly, beginning to publicly acknowledge the climate crisis, and some even claim to “support” the Paris Agreement’s goal of net-zero carbon emissions by 2050.
These claims are a central part …
April 30 marks President Biden's first 100 days in office. He's appointed a great climate team and is negotiating an infrastructure bill that focuses on climate change. With luck, those actions will produce major environmental gains down the road. There are also some solid gains in the form of actions that have already come to fruition. Here's where things stand.
Executive orders. Former President Trump seemed to delight in issuing anti-environmental executive orders. All of those are gone now, replaced with Biden's environment-friendly substitute. In one important move, Biden restored former President Obama's estimate of the social cost of carbon, which Trump had slashed.
Foreign affairs. Here the big news is that Biden has taken the United States back into the Paris agreement and has submitted a commitment cut emissions by 50 percent from 2005 levels …
It’s heartening to see that not all of the noise generated by the 2020 presidential campaign has dissipated in these post-election times.
President Biden pledged last week to cut greenhouse gas emissions by 50 percent by 2030 — making good on a big campaign promise and possibly nudging some of us out of the still-skeptical category.
When I think about climate, I think about equity. Low-income people spend more of their paychecks on energy and transportation costs. Those sweet rebates on electric vehicles? They don’t go to people who can’t afford a new car, much less an electric one. As CPR Member Scholar Maxine Burkett notes, environmental degradation creates “sacrifice zones” — and communities of color pay the price. We simply cannot address climate change without addressing racism, and environmental racism in particular.
When I think about climate, I also think about jobs. Jobs that don …
In 2020, the world banded together to fight the COVID-19 pandemic. Now, in 2021, the world continues to change, and we seem to be progressing forward. In turn, the spotlight shifts to another great calamity: climate change. The environmental crisis has made headlines with the Biden administration making climate mitigation and renewable energy top priorities.
With these advancements, researchers, corporations, innovators, and activists around the world are being tasked to follow suit. To stay united and take on another challenge: the transition to clean energy. But what does that entail exactly? How does a shift to renewables affect the average American household?
Scientists and …
Last Friday, the Second Circuit Court of Appeals issued an important decision in a lawsuit against the oil industry. New York City had sued oil companies for harms relating to climate change. The appeals court ordered the case dismissed, on the ground that any harm relating to fossil fuels is exclusively regulated by the Clean Air Act. The ruling is a setback for the plaintiffs in similar cases, though how much of a setback remains to be seen.
The court's analysis is complicated and involves some fairly esoteric legal arguments. I'll try to avoid the fine points. In the end, the court's argument comes down to two points. The first point relates to fuels used in the United States. The court argues that by authorizing EPA to regulate carbon emissions, the Clean Air Act indirectly eliminates …
Coal- and gas-fired power plants are a major source of U.S. carbon emissions. The Obama administration devised a perfectly sensible, moderate policy to cut those emissions. The Trump administration replaced it with a ridiculous token policy. The D.C. Circuit appeals court tossed that out. Now what?
It wouldn't be hard to redo the Obama policy based on all the changes in the power industry since he left office, which would result in much more rigorous emissions controls. The problem is that the ultra-conservative majority on the U.S. Supreme Court is likely to be very skeptical of the legal basis of any plan that, like Obama's, requires states to expand use of renewable energy.
Opponents of Obama's plan made two legal arguments, which both came up again in the litigation over the Trump rule …
"The social cost of carbon" isn't exactly a household phrase. It's an estimate of the harm caused by emitting a ton of carbon dioxide over the many decades it remains in the atmosphere. That's an important factor in calculating the costs and benefits of climate regulations. For an arcane concept, it has certainly caused a lot of controversy. The Obama administration came up with a set of estimates, which Trump then slashed by 90 percent.
In an early executive order, Biden created a task force to revisit the issue. Last week, the task force issued its first report. It's an impressive effort given that Biden is barely a month into his presidency. The document provides a clear overview of the ways in which climate science and climate economics have advanced since the Obama estimates and makes …
Intersectional environmentalism is a relatively new phrase that refers to a more inclusive form of environmentalism, one that ties anti-racist principles into sectors that have long profited from overlooking or ignoring historically disenfranchised populations.
According to youth activist Leah Thomas, “It brings injustices done to the most vulnerable communities, and the earth, to the forefront and does not minimize or silence social inequality. Intersectional environmentalism advocates for justice for people and the planet.”
Nearly 20 years ago, the Center for Progressive Reform (CPR) was founded on a vision that government could be reimagined and reformed so that it serves all people — regardless of income, background, race, or religion — and our planet. Intersectional environmentalism is that vision: thriving communities on a resilient planet.