Federal Reserve chair Jerome Powell began 2023 with a blunt statement: "We are not, and will not be, a 'climate policymaker.'"
Still, in recent months, officials around the world have questioned how climate change and the transition away from fossil fuels will complicate policymaking.
Why it matters: Top policymakers warn that the global economy is entering a more uncertain, volatile period. Climate change is one key reason why.
Even before formal applications open, over 2,500 young people have signaled interest in joining a major unit of the federal "American Climate Corps" (ACC) program.
Why it matters: The info shared with Axios is anearly metric of the Biden administration's ability to transform its recently unveiled ACC into a meaningful initiative.
Electric vehicles made with minerals and materials produced in China won't qualify for the IRA's consumer EV tax credit in the future, the Biden administration clarified Friday morning.
Why it matters: The proposed criteria will give EV manufacturers clarity they have lacked for more than a year. It also provides fresh urgency on how the companies should build new supply chains to get battery parts and key minerals from outside of China.
This year is set to break the record for the hottest year on record, the World Meteorological Organization said in a report released Thursday.
Why it matters: The UN's weather agency published the report noting this year has "shattered climate records" to coincide with the start of the COP 28 climate summit in Dubai, underscoring the urgency of the talks.
Why it matters: The EPA estimates that 9.2 million lead pipelines bring water to people across the U.S. The pipes can corrode over time when water has high acidity or low mineral content. Exposure to the extremely toxic heavy metal can have dangerous health effects.
As Latin American leaders head to the COP28 climate summit, a new study warns that some politicians and their followers have been using recent extreme weather events to spread misinformation about climate change, a new report finds.
Why it matters: More than 1 million people in Latin America and the Caribbean were internally displaced in 2021 because of disasters worsened by climate change, and a failure to address the issue through policies will lead to more displacement, according to a different study released last week.
COP28 climate summit head Sultan Ahmed al-Jaber notched a win on the first official day of talks in Dubai, with the adoption of an agreement to set up a "loss and damage" fund to help developing nations.
Why it matters: The fund has been highly contentious for decades, once thought of as the third rail of international climate talks. It would use voluntary contributions from mainly wealthier countries and direct those funds to developing nations to help them withstand climate impacts.
COP28 talks in Dubai spotlight a tricky question: whether ubiquitous calls for greater "ambition" can drive faster on-the-ground action to slash emissions.
Driving the news: The summit's "global stocktake" will set up the next national, non-binding pledges covering 2025-2035.
Much of the country's electric vehicle (EV) use is concentrated in the "four corners" of California, the Pacific Northwest, the Northeast and the Southeast, according to data shared with Axios.
