A federal appeals court this morning vacated EPA carbon emissions regulations for coal-fired power plants, a victory for opponents of the Trump administration policy who criticized the rule as too weak.
Why it matters: The decision by the U.S. Court of Appeals for the D.C. Circuit will remove one hurdle for the incoming Biden administration as it seeks to implement new and wider-ranging policies.
Electric vehicle startup Rivian has raised another $2.65 billion as it builds momentum toward this year's launch of its first pickup truck, SUV and Amazon delivery vehicles.
Why it matters: Rivian continues to attract big money from private investors, even as other startups take advantage of Wall Street enthusiasm for EVs by going public through a series of mergers with special purpose acquisition companies.
A remarkable new finding from the International Energy Agency: While energy-related carbon emissions fell steeply last year, emissions from SUVs actually rose slightly (by an estimated 0.5%).
Why it matters: The analysis underscores the rising prominence of SUVs in the global vehicle market. It's a trend that makes cutting emissions from transportation harder because bigger vehicles generally consume more fuel.
Joe Biden's inauguration and the days right after will bring a rat-tat-tat burst of climate policy moves, but keep this in mind amid the splashy pledges: pushing through most of his agenda will be a long, uncertain slog.
Why it matters: Biden's climate plan is far more expansive than anything contemplated under President Obama. But for all the immediate pledges, it will take years to see how far Biden gets.
Investments into clean-energy technologies totaled more than $500 billion for the first time ever, according to a BloombergNEF report released Tuesday.
Why it matters: Technologies making energy and other material cleaner needs to expand rapidly if the world is to adequately address climate change in the coming decades.
