Energy & Fuel

"The world’s seven largest advanced economies agreed on Friday to stop international financing of coal projects that emit carbon by the end of this year, and phase out such support for all fossil fuels, to meet globally agreed climate change targets."

"Texas' electricity leaders were deeply focused on natural gas shortages days before blackouts crippled the state in February and plunged the state's power industry into chaos, according to documents obtained by E&E News."

"The Biden administration is taking the first step necessary to instate an energy efficiency standard for light bulbs, a move that’s expected to undermine incandescent bulbs in favor of LEDs."

"Negotiations between the White House and Senate Republicans over President Joe Biden’s $2.3 trillion infrastructure plan are hitting a crucial stage ahead of talks Friday after the latest GOP offer left some dismay in the administration that there wasn’t more movement off the Republicans’ initial $568 billion proposal."

"Replacing gasoline cars with electric vehicles is a pillar of President Biden's strategy for tackling climate change. But even if the administration sets a deadline to sunset sales of gas-powered passenger vehicles, the export of used cars abroad could stall the global reductions needed to stave off catastrophic warming."

"In more than five years since the world agreed to limit warming temperatures, banks have poured more than $3.6 trillion into fossil fuel—almost three times more than total bonds and loans backing green projects, according to Bloomberg data. Now this enduring disparity favoring oil, gas and coal producers might finally be at an end."

"Nations around the world would need to immediately stop approving new coal-fired power plants and new oil and gas fields and quickly phase out gasoline-powered vehicles if they want to avert the most catastrophic effects of climate change, the world’s leading energy agency said Tuesday."

"Visiting the Ford Motor Co. Rouge Electric Vehicle Center Tuesday, President Joe Biden presented an American auto industry at a crossroads, forced to choose between two options: Spend around $174 billion and speed ahead to dominate the burgeoning electric vehicle market, or cede the race to China."

"In an expansion of the U.N.’s 1989 Basel Convention, amendments to the international protocol on the shipment of hazardous waste were revised to include plastics in 2021, with nations currently figuring out how to implement the agreement."