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Congressional climate action plan

Congressional Climate Crisis Action Plan would decarbonize U.S., add $8 trillion in benefits by 2050

by Megan Mahajan, Forbes


Highlights

  • The U.S. House Select Committee on the Climate Crisis has released their climate policy report titled Solving the Climate Crisis: The Congressional Action Plan for a Clean Energy Economy and a Healthy, Resilient and Just America 
  • Climate policy firm Energy Innovation modeled a subset of the Select Committee’s recommendations using a simulator and found it will hit net zero carbon dioxide emissions before 2050 and slash net greenhouse gas (GHG) emissions 88% from 2010 levels by 2050
  • This policy could prevent 62,000 premature deaths annually from pollution, while generating nearly $8 trillion in cumulative monetized health and climate benefits by 2050
  • Under this model, the electricity sector could reach 90% clean electricity by 2035 and 100% clean energy by 2040
  • Electrifying buildings with clean energy can deliver much-needed emissions reductions within that sector
  • 100% zero-emission vehicle sales for light-duty vehicles by 2035 and for heavy-duty vehicles by 2040 would help the transportation sector meet 2050 net-zero targets
  • More than 70% of voters support legislation targeting a 100% clean economy according to new polling

The Climate Center’s Climate-Safe California Platform advocates for a formal California State commitment by 2022 to 80% below 1990 levels of greenhouse gas emissions and net negative emissions by 2030 for a climate-safe future.


Read More: https://www.forbes.com/sites/energyinnovation/2020/06/30/congressional-climate-crisis-action-plan-would-decarbonize-us-add-8-trillion-in-benefits-by-2050/#56af4e331381

Why the coronavirus outbreak is terrible news for climate change

by James Temple, MIT Technology Review


Highlights

  • First and foremost, the whole point of addressing global warming is to avoid widespread suffering and death, so climate activists should keep this lens
  • Greenhouse gas emissions rebound is likely after the deadly coronavirus (COVID-19), as history tells us for several reasons:
    • If capital markets lock up, it’s going to become very difficult for companies to secure the financing cleantech projects
    • Global oil prices have taken a historic plunge, and cheap gas could make electric vehicles, already more expensive, a harder sell for consumers.
    • China, where the outbreak started, produces a huge share of the world’s solar panels, wind turbines, and lithium-ion batteries that power electric vehicles and grid storage projects. Now Chinese companies are having supply issues as well as declines in production and shipments.
    • Threatened clampdowns on trade with China may further disrupt these clean-energy supply chain and distribution networks
    • More immediate health and financial concerns may divert public attention away from climate change. 
  • However, coronavirus could catalyze some climate action:
    • A sustained drop in oil prices could make longer-term investments in clean energy more attractive for major energy players
    • Some nations may respond to an economic crisis with stimulus efforts that pump money into clean energy and climate adaption
    • Coronavirus could bring about long-lasting shifts in carbon-intensive behaviors, if people remain fearful of flying and cruise ships, or come to prefer remote working and virtual gatherings.
    • Our rapid responses in the face of an acute danger show that we can make the sorts of dramatic societal changes demanded by the climate change

The Climate Center’s vision for hope for a vibrant, healthy, and equitable future for all can be realized with our rapid decarbonization campaign that translates the urgent need for bold action and the groundswell of public support into actual speed and scale greenhouse gas (GHG) emissions reductions.


Read more: https://www.technologyreview.com/s/615338/coronavirus-emissions-climate-change/