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President Biden speaking to reporters outside of the White House on Dec. 8.

President Biden signed an executive order Wednesday that requires the federal government achieve multiple goals related to reducing its carbon emissions, including achieving net-zero emissions by 2050.

Why it matters: Meeting the objectives of the order would require a massive investment by the federal government to buy electric vehicles, upgrade buildings and change how it procures electricity.

By the numbers: The order requires the government to run entirely on carbon-free electricity by 2030, reduce its emissions by 65% by 2030 and finally attain net-zero emissions by 2050.

  • It also orders the government to stop buying gas-powered vehicles by 2035 and create a net-zero emissions building portfolio by 2045.

Yes, but: They are ambitious goals but are stipulated by an executive order, which can easily be undone by future administrations.

What they're saying: "The President is building on his whole-of-government effort to tackle the climate crisis in a way that creates well-paying jobs, grows industries, and makes the country more economically competitive," the White House wrote in a news release.

The big picture: The order comes on the heels of the United Nations COP26 climate summit, at which the U.S. pledged to help halt and reverse deforestation and land degradation by 2030 and end public financing of overseas oil, gas and coal projects by the end of 2022.

Go deeper: Biden administration approves second major offshore wind project

Go deeper

Ben Geman, author of Generate
Jan 14, 2022 - Energy & Environment

Biden's latest Fed pick signals brewing climate battles

Illustration: Sarah Grillo/Axios

President Biden's plan to tap Sarah Bloom Raskin as top banking regulator at the Federal Reserve could intensify the central bank's already growing focus on climate change.

Catch up fast: The news broke Thursday night that Biden will nominate Raskin, a Duke University law professor, for the powerful role of vice chair for supervision.

Jan 14, 2022 - Podcasts

Biden's epic failures

President Biden hasn’t been seeing a lot of wins lately. We’re almost a year into Biden’s presidency, and Republicans, moderate and liberal Democrats all seem to be at odds with his agenda.

  • Plus, curbing carbon emissions by changing how planes land.

Guests: Axios' Mike Allen, Margaret Talev, and Andrew Freedman.

Credits: Axios Today is produced in partnership with Pushkin Industries. The team includes Niala Boodhoo, Sara Kehaulani Goo, Julia Redpath, Alexandra Botti, Nuria Marquez Martinez, Lydia McMullen-Laird, Sabeena Singhani and Alex Sugiura. Music is composed by Evan Viola. You can reach us at podcasts@axios.com. You can text questions, comments and story ideas to Niala as a text or voice memo to 202-918-4893.

Go deeper:

Thousands without power as "hazardous" winter storm lashes East Coast

Winter view from Charlotte as winter storm Izzy creates dangerous conditions in Charlotte, N.C. on Jan. 16. Photo: Peter Zay/Anadolu Agency via Getty Images

A major winter storm was lashing much of the East Coast on Sunday, causing widespread power outages and disrupting travel over the holiday weekend.

The big picture: Heavy snow and ice accumulations are "likely to produce hazardous travel," downed trees and more power outages from the Mid-South to the Northeast, per the National Weather Service. Some parts of the U.S. can expect to see up to a foot of snow through Monday.