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The International Energy Agency examined what happens if current and planned fossil fuel infrastructure worldwide is operated through its estimated lifespan.

Why it matters: That alone, it finds, could easily blow past the goal of holding warming to 1.5°C above preindustrial levels. That's the most ambitious and longshot goal of the Paris agreement to lessen harm from climate change.

How it works: The report models the effect if all of today's power plants, vehicles, industrial plants and buildings "continue to rely on unabated combustion of fossil fuels." IEA then includes power plants currently under construction.

The big picture: "Our bottom-up country-by-country analysis of energy infrastructure both in operation today and under construction shows that, if these assets were operated in line with past practice until the end of their lifetimes, they would generate a level of CO2 emissions that would lead to a long-term temperature increase of 1.65 °C (with a 50% probability)," it states.

Go deeper: Key global warming target slipping out of reach, UN scientists warn

Go deeper

Ben Geman, author of Generate
Jan 19, 2021 - Energy & Environment

Federal court strikes down key Trump power plant rule

Illustration: Rebecca Zisser/Axios

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.

55 mins ago - Health

Biden administration to lift travel ban for fully vaccinated international travelers

Photo: Win McNamee/Getty Images

White House COVID-19 response coordinator Jeff Zients announced on Monday that the Biden administration will allow fully vaccinated travelers from around the world to enter the U.S. beginning in November.

Why it matters: The announcement comes as President Biden seeks commitments from countries to donate vaccines to the global COVAX initiative. He is expected to host a COVID summit on the sidelines of the UN General Assembly this week, and many of the countries attending have expressed frustration with the travel ban.

Dan Primack, author of Pro Rata
1 hour ago - Economy & Business

Gen Z breaks into VC

Illustration: Aïda Amer/Axios

When Meagan Loyst joined VC firm Lerer Hippeau, less than two years out of Boston College, she was still living with her parents. She had virtually no online brand presence, and the pandemic made it impossible to build a professional network via in-person meetings.

Why it matters: Loyst wasn't alone. Venture firms have accelerated hiring in line with record deal activity, often seeking younger investors who can spot trends that fly below the radar (or intrinsic understanding) of older partners.