markets
Newsletter
Unlocking electric dreams: How to snag a used EV for under $3,000
Used electric vehicles are becoming an increasingly viable option for budget-conscious buyers, offering significant savings compared to new models.
In short:
- The average price of electric vehicles (EVs) has dropped significantly, with used models now accessible below $3,000, supported by federal incentives and a growing used market.
- Automotive analysts note that the used EV market is thriving, with increased availability and lower prices due to technological advancements and aggressive pricing strategies by manufacturers like Tesla.
- Research indicates that EV batteries are lasting longer than expected, reducing long-term ownership costs and environmental impact.
Key quote:
"It is the best time ever to buy a used EV."
— Ivan Drury, automotive market analyst at Edmunds
Why this matters:
With prices dropping and technology improving, more consumers can consider electric options, aligning personal budget constraints with environmental benefits.
Traditional gasoline-powered vehicles emit pollutants linked to respiratory diseases, cardiovascular problems, and other health issues. By making EVs more accessible, we're not only working towards a greener planet but also cleaner air and potentially fewer health-related expenses for millions of people.
Keep reading...Show less
UN
Indigenous leaders call for a halt to carbon markets at a UN forum
Indigenous activists at the UN Permanent Forum urge a stop to carbon markets, citing detrimental effects on native communities.
In short:
- The Indigenous Environmental Network advocate for ending carbon markets, describing them as harmful and ineffective tools to stop climate change.
- The group presented their stance at the UN Permanent Forum on Indigenous Issues, aiming to influence broader UN climate policies.
- Advocates are asking to modify article 6 of the Paris Agreement, which regulates carbon markets. They ask for embedding Indigenous rights and consent in carbon market frameworks.
Key quote:
"Article 6 is all about carbon markets, which is a smokescreen, which is a loophole [that keeps] fossil fuel polluters from agreeing to phase out carbon."
— Tom Goldtooth, executive director of the Indigenous Environmental Network.
Why this matters:
While carbon market projects are intended to be beneficial to the environment and communities, they've frecuently have lead to negative impacts, disrupting indigenous communities and violating their right to self-determination.
Keep reading...Show less
Newsletter
Big Oil's mixed feelings about another Trump presidency
Despite Donald Trump's pro-fossil fuel stance, some oil and gas executives are wary of his potential return due to concerns over trade policies and the dismantling of beneficial climate law provisions.
In short:
- Oil and gas leaders appreciate certain aspects of President Biden's Inflation Reduction Act, fearing Trump's plan to dismantle it.
- Trump's "America First" trade policy and potential global trade wars worry the industry, despite previous support for his fossil fuel agenda.
- The industry's reaction to the potential return of Trump is mixed, balancing between business benefits under Biden's policies and personal grievances against them.
Key quote:
"If you're asking people personally, they're probably tired of being told they're bad people by the current administration. But from a business objective standpoint, it would be a much more balanced perspective."
— Alan Armstrong, president and CEO of gas pipeline company Williams
Why this matters:
While a second Trump administration may promise deregulation and support for fossil fuel production, the complexities of global energy markets, environmental concerns, and the shift toward renewable energy sources present a more nuanced scenario for oil and gas executives.
Be sure to read Derrick Z. Jackson’s 2020 piece: Trump's polluted policies leave children in bad air.
Keep reading...Show less
Newsletter
Photo by PROJETO CAFÉ GATO-MOURISCO on Unsplash
Can agroforestry breathe new life into carbon markets?
Most carbon offset programs aimed at farmers focus on large monocrop corn and soy operations. But in Southern Appalachia, Carbon Harvest is developing an alternative market for small farms that integrate trees.
Thawt Hawthje/Flickr
Russian oil finds ‘wide open’ back door to Europe, critics say
Middlemen are cashing in as Russian crude finds indirect routes to the European market, politicians and industry insiders allege.
Putin is staring at defeat in his gas war with Europe
Mild weather this winter is set to help Europe shrug off Russia’s energy threats next year, too.
Los Angeles bans oil and gas drilling within city limits
The Los Angeles City Council has voted to ban new oil and gas drilling and phase out existing wells over the next two decades, a historic decision that comes after years of complaints by residents about how pollution from nearby drilling has caused them health issues.
ORIGINAL REPORTING
MOST POPULAR
CLIMATE
