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Brazil to set tougher climate change target, sources say

President Luiz Inacio Lula da Silva plans to commit Brazil to a more ambitious climate change goal this year, addressing criticisms of the previous target set by his far-right predecessor Jair Bolsonaro.

climate heat 1.5C warming

'More likely than not' world will soon see 1.5C of warming

For the first time ever, global temperatures are now more likely than not to breach 1.5 degrees Celsius (2.7 degrees Fahrenheit) of warming within the next five years, the World Meteorological Organization has said.

coal power energy clean air act climate pollution

How the Clean Air Act lets closed coal plants keep polluting for years

A loophole allows power plants to collect emissions allowances after they close, and there is a huge volume of credits on the market that will take years to work their way through the system.

In a nutshell:

A loophole in clean-air regulations allowed a coal plant to collect emissions allowances for five years after it shut down and then sell those credits to other plants, including the largest emitter of smog-causing gas in the U.S. power sector. This practice has raised concerns about the effectiveness of cap-and-trade programs in reducing air pollution. The Environmental Protection Agency has recently reduced the number of years that retired facilities can collect allowances from five to two, but a large volume of credits from closed plants is still in circulation, leading to a glut in the market and potentially encouraging pollution.

What they said:

Elena Krieger, who oversees scientific research at PSE Healthy Energy, a California-based policy institute, was shocked when she learned about the retired-plant credits. “I was unaware of the practice and am somewhat horrified,” Krieger said.

Big picture:

A provision in a proposed climate change policy could provide a credit windfall to companies closing down polluting plants. This provision allows these companies to sell their allowances for emissions, as they are no longer generating pollution themselves. This has raised concerns among environmentalists who argue that it could undermine the effectiveness of the policy in reducing overall emissions and combating climate change.

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Yellen to press for additional reforms at World Bank this year

U.S. Treasury Secretary Janet Yellen will call on Wednesday for the World Bank to undertake additional reforms this year to expand its ability to help developing countries meet global challenges such as climate change.
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US House Republicans face unity test with major energy bill

The Republican-controlled U.S. House of Representatives is expected to vote on its first major legislation of the year on Thursday, a partisan energy bill that poses an early test of unity for House Speaker Kevin McCarthy's majority.
airline emissions climate energy

Rising airline emissions could trigger global caps as early as 2024

Rising airline traffic is expected to trigger global emissions-related requirements for some carriers as early as next year, according to a top airline trade group, even as debate broadens on the effectiveness of that approach.
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Biden's clean energy factory jobs may elude U.S. union workers

In the six months since passage of Biden's signature climate change law, a majority of the $50 billion of announced investments in domestic manufacturing to support the clean energy transition has been in states with laws that make it harder for workers to unionize.

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