A new note from the Rhodium Group helps explain why environmental groups and renewables trade associations are throwing their weight behind House Democrats' legislation to extend a suite of tax incentives.
The big picture: Compared to current policy, U.S. emissions would be 37 million to 99 million tons lower in 2030 if the wide-ranging draft bill unveiled recently were enacted, the research firm projects.
A major new report on global carbon dioxide emissions growth is largely bad news, but if you squint you can find some (rather small) bright spots.
Driving the news: The rate of increase decelerated this year as coal consumption dipped and economic growth slowed, but emissions still hit a record high, per new data from a research consortium called the Global Carbon Project.
Elizabeth Warren is suddenly having a harder time selling her big ideas in the Democratic primary. As president, she'd have an even tougher time convincing Congress — even if Democrats held both chambers.
The big picture: A President Warren could immediately translate some of her progressive ideals into the policy of the land through executive order, but her best-known, most ambitious plans would have to go through Congress.
Here’s a look at the odds for 10 of Elizabeth Warren’s most ambitious plans, according to Democratic aides, former White House policy officials from both parties, and Axios’ issue experts.
The growth of global carbon dioxide emissions slowed this year as coal consumption dipped, per new data from a research consortium called the Global Carbon Project.
Why it matters: It underscores how the emissions trajectory is nowhere close to the steep cuts scientists say are needed in the years and decades ahead to meet the goals of the Paris climate deal.
The Second Circuit Court of Appeals ruled on Tuesday that Deutsche Bank and Capital One must comply with a congressional subpoena for President Trump, his children and his company's financial records.
The backdrop: Trump filed an appeal in August after a New York district judge declined to block the subpoenas, which were issued by the House Intelligence and Financial Services committees in April as part of an investigation into foreign influence. Deutsche Bank said in a letter in October that while it has some of the records sought by the House, it is not in possession of the president's tax returns.
Concerns over climate change will reduce the amount of capital available for private equity investments in fossil fuels, according to a recent survey by Coller Capital.
By the numbers: 38% of responding limited partners say they will reduce their commitments to oil and gas funds over the next five years.
Oil-and-gas giant Repsol yesterday pledged to achieve net-zero carbon emissions by 2050 — becoming the first oil major to make a specific net-zero commitment (albeit a non-binding one).
Why it matters:Bloomberg notes that it's the "most ambitious attempt yet by an oil major to align itself with the Paris climate goals."
After sailing on a catamaran for three weeks from New York City, teen climate activist Greta Thunberg arrived in Lisbon, Portugal, on Tuesday, AP reports.
Why it matters: Her trip comes as a new scientific report says there is more evidence than ever that the world is getting warmer, per AP. Thunberg opted to take an emission-free catamaran to travel back and forth between the U.S. and Europe ahead of significant climate summits.
A new simulator out today empowers readers to choose their own adventure when it comes to tackling climate change.
Why it matters: The tool, created by the Massachusetts Institute of Technology and think tank Climate Interactive, underscores the grand challenge of employing technologies and policies to tackle climate change.
A seemingly unrelenting early winter storm that's been blamed for several deaths and caused travel chaos across the U.S. over the past week is now dumping heavy snow as it pummels the Northeast.
