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Photo Illustration: Sarah Grillo/Axios. Photo: J. Countess/Getty Images

Climate change is playing a larger — and more polarizing — role than ever before in a presidential election.

Why it matters: In the past, the topic barely registered with voters and candidates were less polarized. Today, all Democratic candidates are treating it as a crisis, with detailed plans and funding sources to address it, while President Trump ignores the problem and bashes those plans.

Driving the news: In the Nov. 20 Democratic presidential debate, Joe Biden called climate change "the" existential threat to humanity, while Pete Buttigieg championed the notion of a "carbon-negative" farm. Billionaire Tom Steyer said if elected he would call a state of emergency over climate change on his first day in office.

  • Billionaire Michael Bloomberg, who officially announced his candidacy on Sunday, has spent $500 million in recent years on global climate-related efforts, and in June he committed another $500 million for a Beyond Carbon initiative.

The big picture: The impacts of climate change, like more intense wildfires and more severe flooding, are increasing in frequency. Meanwhile, ways to solve the problem, like renewable energy, are becoming more affordable, even while the science increasingly says the problem is growing more dire.

  • These developments taken together are making climate change a tangible issue for broader swaths of the population than in the past — so it’s permeating our politics in new and forceful ways.

Between the lines: Multiple surveys of public opinion show Americans' growing concern about climate change being driven almost entirely by Democrats.

  • Democrats are looking to clamp down significantly on fossil fuels and enact ever-more aggressive and expensive plans, embodied by rhetoric surrounding the Green New Deal.

Where it stands: Trump mocks and rejects mainstream climate-change science and is repealing virtually everything predecessor Barack Obama's administration did on the matter.

  • Trump will attack the ultimate Democratic nominee's climate change plan as radical, while that person will attack the president for denying science. Don’t expect an inch of common ground.

But, but, but: Climate change is unlikely to be the top issue for most voters in 2020.

  • The complexity and decades-long nature of this problem makes it uniquely ill-suited for politics operating on two- to six-year cycles and makes it unlikely to ever be the top priority for any sizable portion of the population.
  • More imminent concerns, like health care and the economy, will almost always win out with most voters.

The bottom line: That all said, we’re entering a new high-water mark for climate change and its political saliency.

Go deeper:

Sign up for the daily Generate newsletter to get Amy’s "Harder Line" column, which will delve deeper into all of this on Monday.

Go deeper

Ben Geman, author of Generate
Jan 29, 2021 - Economy & Business

General Motors puts Trump in its rearview mirror

Illustration: Sarah Grillo/Axios

General Motors (GM) is racing to prepare itself for a president and a world that takes climate change more seriously — and putting the Trump era behind them in the process.

Driving the news: GM yesterday announced an ambitious plan to end global sales of internal combustion vehicles by 2035. It's part of their wider new pledge to be carbon neutral by 2040.

Hope King, author of Closer
1 hour ago - Economy & Business

Peloton pumps its brakes

Data: FactSet; Chart: Axios Visuals

Peloton’s popularity is falling as swiftly as it shot up.

Why it matters: Not all pandemic habits stick around. Peloton's trajectory over the past two years exemplifies how challenging it's been for companies to gauge shifts in consumer demand — particularly in sectors heavily altered by the pandemic.

First look: Senators propose bill to ban corporate PACs

Sens. Jon Ossoff and Mark Kelly. Photos: Chip Somodevilla (left), Courtney Pedroza/Getty Images

Sens. Mark Kelly (D-Ariz.) and Jon Ossoff (D-Ga.) will soon propose a bill prohibiting for-profit corporations from establishing and managing political action committees, according to a copy of the legislation obtained by Axios.

Why it matters: The introduction of "The Ban Corporate PACs Act" comes amid heightened scrutiny on Capitol Hill regarding money in politics, including efforts to bar companies from influencing political campaigns and federal elections. It would likely face a court challenge and First Amendment concerns.