If climate tech is dead, what comes next?
Climate tech is about a decade old, and people are itching for a rebrand.
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Climate tech is about a decade old, and people are itching for a rebrand.
© 2024 TechCrunch. All rights reserved. For personal use only.
President Biden announced an audacious goal for America to reduce its carbon emissions by two thirds with barely weeks left in his administration.
Biden's White House announced the new goal in a public statement. It calls for the U.S. to massively reduce its carbon emissions by 2035, invoking the Paris Agreement.
"Today, as the United States continues to accelerate the transition to a clean energy economy, President Biden is announcing a new climate target for the United States: a 61-66 percent reduction in 2035 from 2005 levels in economy-wide net greenhouse gas emissions," the White House wrote.
"It keeps the United States on a straight line or steeper path to achieve net-zero greenhouse gas emissions, economy-wide, by no later than 2050. In connection with this announcement, the United States is making a formal submission of this new target to the United Nations Climate Change secretariat as its next NDC under the Paris Agreement," the statement continued.
WHITE HOUSE SAYS TO ‘EXPECT MORE’ CLIMATE FUNDING BEFORE PRESIDENT BIDEN LEAVES OFFICE
President-elect Trump withdrew the U.S. from the Paris Agreement soon after entering office in his first term. Biden then re-entered the U.S. into the treaty. Trump has not said whether he plans to once again remove the U.S. from the plan, which calls on global powers to self-impose climate reforms.
Trump reportedly plans to install an "energy czar" to scale back energy and climate regulations implemented under the Biden administration.
Six sources familiar with Trump's transition team told the New York Times last month that a series of executive orders and presidential proclamations have been drafted related to climate and energy, aimed at rolling back Biden-era clean energy regulations that some critics argue have hurt the economy.
US TO TIGHTEN RESTRICTIONS ON ENERGY DEVELOPMENT TO PROTECT STRUGGLING SAGE GROUSE
Other plans Trump and his transition team are reportedly discussing include installing an "energy czar" to help cut regulations on domestic energy production and potentially moving the Environmental Protection Agency's (EPA) headquarters outside of Washington, D.C.
"The American people re-elected President Trump by a resounding margin giving him a mandate to implement the promises he made on the campaign trail," Trump-Vance transition spokeswoman Karoline Leavitt told Fox News Digital when asked to confirm the details about Trump's reported plans. "He will deliver."
Fox News' Alec Schemmel contributed to this report.
Approval comes even as Australia pushes to host Cop31 climate summit
For many industries, lithium batteries just don’t cut it — they’re getting increasingly expensive, require too much space, and sometimes they are just overkill for many industrial use cases. Thermal batteries, on the other hand, can store energy in the form of heat for long periods, are often cheaper to invest in and deploy, and […]
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California’s phase out would begin in 2026, when the state will require 35% of automakers’ sales to be zero emissions vehicles.
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Over the last decade, the Sustainable Ocean Alliance (SOA) has graduated from dorm room activism to a thousands-strong global network of experts, investors, and “ecopreneurs” — all of whom believe the best way to save the ailing oceans is to embrace innovation. Founder Daniela Fernandez has steered the ship the whole time, and the SOA […]
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Among the hurdles, Oklo still hasn’t received approval from the Nuclear Regulatory Commission after having its previous application denied.
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An environmental group is calling out Democratic Gov. Gavin Newsom's climate leadership in a six-figure battleground state ad buy which claims his policies in California have "significantly undermined climate progress."
While running for governor in 2018, Newsom said he would shut down the Aliso Canyon Natural Gas Storage Facility in California – the location of the largest methane leak in U.S. history. "I'm fully committed to doing that," Newsom told a reporter when asked if he would shut down the facility. "The question is how quickly can we do that, but my commitment is to make that happen. We need to be more aggressive than we have been."
Newsom added that he was "unequivocally" committed to shutting it down, but environmental groups are calling out the governor after allowing the facility to remain open six years later.
Food & Water Action, the political and lobbying arm of Food & Water Watch advocating against climate change, announced on Monday a $100,000 ad buy against Newsom across four battleground states – Nevada, South Carolina, New Hampshire and Michigan.
GAVIN NEWSOM GRILLED OVER HEFTY PRICE TAG TO HELP ‘TRUMP-PROOF’ CALIFORNIA: ‘TOTAL WASTE’
The ad buy specifically targets Newsom's leadership on the climate, specifically for not following through on his campaign promise regarding the Aliso Canyon facility.
CALIFORNIA REPARATIONS BILLS KILLED AS NEWSOM SOUGHT TO AVOID APPEARING ‘TOO PROGRESSIVE'
"Americans are looking for leadership to resist Trump’s assault on our climate. Someone who follows through and won’t back down," the ad says. "Gov. Newsom promised to shut down Aliso Canyon, the site of the largest gas blowout in U.S. history. A public health disaster. But his public utilities commission is considering keeping it open indefinitely – just like the oil and gas industry wants. Climate leadership? We’re looking for it."
However, in a statement shared with Fox News Digital, Daniel Villaseñor, spokesperson for Newsom, said that "the Governor’s energy policy is ambitious, not reckless."
"We are committed to safely closing Aliso Canyon without harming working families with skyrocketing utility bills," the spokesperson said. "No governor has done more to accelerate our transition to clean and renewable energy, but it would be irresponsible to close Aliso Canyon before demand for natural gas declines. That’s a recipe for precisely the same price spikes we've seen in the gasoline market."
Villaseñor added that Newsom "wants to see Aliso Canyon phased out, but not at the cost of enormous price increases for working families and our ability to keep the lights on." The California Public Utilities Commission is planning to meet on Dec. 19 to discuss the future of the facility.
The environmental group claims that Newsom is trying to appear as a climate change champion, but that his record in California suggests otherwise.
"Governor Newsom wants to position himself as a national leader on climate and in opposing Trump, but he can’t be a credible national leader if his own house is not in order," Mitch Jones, deputy director of Food & Water Action, said in a press release.
"While Newsom has taken some important steps on oil drilling, other policies have significantly undermined climate progress. These include undermining rooftop solar, embracing industry-backed plans like dirty biogas and carbon capture, and failing so far to keep his promise to close Aliso Canyon," Jones added.
While there is still a push from environmental groups to shut down the facility, it remains California’s largest underground natural gas storage facility and its operation has helped the state avoid potential energy price increases, according to the Energy Information Administration.
The ads were notably launched in battleground states amid months of speculation that Newsom could potentially launch a presidential bid in 2028.
Newsom was a top surrogate for President Biden during his re-election bid, and was floated as a leading candidate to replace him at the top of the Democratic ticket before the president dropped out of the race.
The governor's second term in Sacramento will finish at the end of next year, right around the time the 2028 presidential election will start to heat up.
The fusion startup intends to hook the power plant up to the grid in the early 2030s.
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The massive lasers will be installed in the startup’s future facility, which it is building in the San Francisco Bay Area.
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Aerial footage shows entire neighbourhoods reduced to rubble
President-elect Donald Trump has indicated that he would withdraw the U.S. from a global climate change agreement when he assumes office — but a second withdrawal could look different from the first.
The Paris Climate Agreement was established at the U.N. Climate Change Conference in 2015 as a legally binding treaty between nearly 195 parties who are committed to international cooperation on climate change. The U.S. officially entered into the agreement under former President Barack Obama in 2016.
Under Article 28 of the treaty, parties are allowed to withdraw from the agreement, but no earlier than three years after they officially entered. Therefore, Trump was barred from immediately leaving the treaty when he first took office and the U.S. was not officially withdrawn until the end of 2020.
President Joe Biden, in one of his first orders as president, reinstated the U.S. to the climate agreement in 2021. Ahead of the presidential election, Trump told Politico that he would be in favor of withdrawing from the treaty a second time, and given that Biden withdrew at the beginning of his term, this could be accomplished at a much quicker pace.
WHITE HOUSE SAYS TO ‘EXPECT MORE’ CLIMATE FUNDING BEFORE PRESIDENT BIDEN LEAVES OFFICE
"It would be a very different timeline now," David Waskow, director of the international climate initiative at the World Resources Institute, told Scientific American.
Max Boykoff, professor in the Department of Environmental Studies and a fellow in the Cooperative Institute for Research and Environmental Sciences (CIRES) at CU Boulder, told the university's paper that re-exiting from the agreement could cause "a loss of trust" among world leaders.
Boykoff also suggested that a U.S. withdrawal could encourage other countries to also exit the treaty, as it was recently reported that Argentina's Libertarian President Javier Milei is considering it.
"The withdrawal may also cause other leaders, who have also expressed resistance to addressing climate policy as a priority in their own countries, to leave the agreement," Boykoff told CU Boulder Today.
However, those in favor of Trump releasing the U.S. from the agreement tell Fox News Digital that there would be many benefits to a second withdrawal.
"The benefits of exiting the Paris climate agreement are many, first and foremost reclaiming U.S. sovereignty while respecting the rule of law," said H. Sterling Burnett, Director of the Arthur B. Robinson Center on Climate and Environmental Policy at the Heartland Institute.
"Paris encourages the U.S. to agree to emission reductions that are both unnecessary from a climate perspective, since we don't control the climate, but which do place substantial costs on Americans while putting the nation at a competitive and geopolitical disadvantage to China, which emits more than double the U.S. with no firm reduction commitments," he added.
Burnett also suggested that Trump submit the treaty to the Senate for advice and consent, which would require a two-thirds vote for the U.S. to rejoin the climate agreement — creating a potential hurdle for future administrations seeking to reenter the accord.
Also under consideration is whether the incoming president will withdraw from the U.N. Framework Convention on Climate Change (UNFCCC), a treaty established in 1992 to prevent "dangerous human interference with the climate system."
Mandy Gunasekara, former EPA chief of staff during Trump's first term, suggested that the incoming president should not only withdraw from the treaty, but also exit UNFCCC, POLITICO E&E Reported.
Gunasekara said that the administration should get out of UNFCCC "if they’re looking for a more permanent response to getting out of bad deals for the American economy that do little to actually improve the environment."
Other leaders have suggested that the Paris Agreement itself could suffer in the future if the U.S. is not involved.
"The Paris Agreement can survive, but people sometimes can lose important organs or lose the legs and survive. But we don’t want a crippled Paris agreement. We want a real Paris agreement," Secretary-General of the United Nations, António Guterres, told the Guardian. "It’s very important that the United States remain in the Paris Agreement, and more than remain in the Paris agreement, that the United States adopts the kind of policies that are necessary to make the 1.5 degrees still a realistic objective."
The resilience of monarch butterflies is being tested in a rapidly warming climate
The raise is a bullish vote of confidence in climate and sustainability startups.
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The oil and gas company announced that it’s planning to build a massive power plant for data centers.
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Electric vehicle charging startup EVgo is the latest company to secure funds from the U.S. Department of Energy as the Biden administration races to approve clean energy loans before Donald Trump takes over. Trump has promised to cancel any unspent funds from Biden’s bipartisan Inflation Reduction Act, including the $7,500 tax credit for new EV […]
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The Biden administration is seeking to rapidly disperse climate funds to cement the president's green energy agenda before President-elect Trump assumes the Oval Office in January.
In a memo released by the White House, Jeff Zients, White House chief of staff, said that the administration is going to "sprint to the finish line and get as much done as possible for the American people" in the remaining weeks of President Biden's term.
The top Biden official said that they plan to "obligate as much funding as possible before the end of the term," including dishing out unspent funds from the Inflation Reduction Act (IRA) to support climate-related projects.
The White House also said that Americans can "expect more action" on funding from the IRA — the Democrats' climate legislation.
BIDEN ADMIN REPORT COULD SLOW TRUMP'S EFFORTS TO UNLEASH DOMESTIC NATURAL GAS, EXPERTS SAY
Trump has suggested that he would "undo" the IRA when he becomes president, legislation he has described as the "greatest scam in history."
Though some House Republicans, who secured a majority in the chamber in the next Congress, have also signaled support for reworking the climate bill, House Speaker Mike Johnson, R-La., told CNBC that "you've got to use a scalpel and not a sledgehammer" on the legislation.
It's unlikely, however, that the IRA would be completely overturned, given that nearly all the funds have already been awarded.
TRUMP TO INSTALL ‘ENERGY CZAR’ TO DISMANTLE BIDEN CLIMATE RULES: REPORT
White House spokesperson Andrew Bates warned against Republicans and the incoming administration attempting to undo Biden's agenda.
"Repealing President Biden’s signature laws would be an historic redistribution of wealth from working Americans to Big Pharma and China," Bates said in a memo first obtained by NBC News, adding that despite potential pushback, projects under the IRA "have been locked-in."
Bates also suggested that Republican districts are benefiting from the IRA.
"That includes the creation of over 330,000 clean energy jobs — disproportionately in House districts represented by Republicans," he wrote. "Because of the Inflation Reduction Act, we’ve already saved more than 3.4 million Americans $8.4 million on clean energy upgrades to their homes, and more than 300,000 Americans have saved over $2 billion upfront on [electric vehicle] purchases."
Two prominent programs, Activate and The Engine Accelerator, have decided they can give founders an advantage if they team up.
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The coalition, which is organized by Acadia, is seeking to invest $9 billion to build 5 gigawatts worth of renewable power.
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SolarSquare has raised $40 million in a round led by Lightspeed in what is the largest venture round in India’s solar sector. The Mumbai-based startup was bootstrapped and profitably selling to corporate customers for five years before it switched to residential solar in 2021. Now it has scaled to powering over 20,000 homes and 200 […]
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