Why it matters: As the world meets in Dubai to try to get a grip on carbon emissions, the most obvious way of accelerating the shift from gas-powered to electric vehicles has run straight into a geopolitical brick wall.
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.
