Tag: Global Warming

The Price of Carbon Emissions Plunged in 2022, and That’s Not Good

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This chart, which hasn’t been published elsewhere, is disappointing. It shows a steep drop in 2022 in the global weighted average price per metric ton of carbon dioxide emissions: Making it more expensive to put greenhouse gases into the atmosphere is the market-oriented way to keep the planet from overheating. A high price tag on emissions gives emitters the incentive to switch to cleaner energy sources. It also raises the prices of energy-intensive products, encouraging consumers to choose ones that are friendlier to the environment. And so on. From a…

The Debt Problem Is Enormous, and the System for Fixing It Is Broken

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Martin Guzman was a college freshman at La Universidad Nacional de La Plata, Argentina, in 2001 when a debt crisis prompted default, riots and a devastating depression. A dazed middle class suffered ruin, as the International Monetary Fund insisted that the government make misery-inducing budget cuts in exchange for a bailout. Watching Argentina unravel inspired Mr. Guzman to switch majors and study economics. Nearly two decades later, when the government was again bankrupt, it was Mr. Guzman as finance minister who negotiated with I.M.F. officials to restructure a $44 billion…

Tiny Electric Vehicles Pack a Bigger Climate Punch Than Cars

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In Darbhanga, a new acid-battery rickshaw, like the one Mr. Rai drives, sells for around 175,000 rupees, or $2,100. That’s half the price of a new rickshaw powered by natural gas. Charging the battery costs 20 rupees (25 cents), one-fourth of the price of filling a gas tank. The rebates seem to be working. Reliance Industries, India’s biggest company, is converting its three-wheeled cargo vehicles from gas to electric. Food delivery services are going electric as quickly as possible. Chetan Maini, whose company Sun Mobility builds charging infrastructure, said business…

Could Biden’s Clean Energy Push Be a Victim of Its Success?

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Dalton, Ga., was once known as the carpet capital of the country. Economic diversification meant branching out from wall-to-wall to hardwood flooring. Now, at Qcells, a solar panel company, robots patrol acres of shop floor where delicate solar cells are packaged, laminated and boxed into sophisticated panels — almost 30,000 a day at peak production — in a highly automated production line. The company built a massive factory in Georgia — one of the most crucial states in the 2024 presidential election — and has another in the works. Both…

What a U.S.-China Climate Deal Means for COP28

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The United States and China announced an agreement on Tuesday evening to sharply increase clean energy, displace fossil fuels and reduce the emissions that are warming the planet. The deal comes at a pivotal moment for the United States, the biggest climate polluter in history, and China, currently the largest polluter. Together, they account for 38 percent of the world’s greenhouse gases. President Biden and President Xi Jinping of China are set to meet today. And in two weeks, representatives from nearly 200 countries will gather in Dubai as part…

U.S. and China Agree to Displace Fossil Fuels by Ramping Up Renewables

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The United States and China, the world’s two largest climate polluters, have agreed to jointly tackle global warming by ramping up wind, solar and other renewable energy with the goal of displacing fossil fuels, the State Department said Tuesday. The announcement comes as President Biden prepares to meet Wednesday with President Xi Jinping of China for their first face-to-face discussion in a year. The climate agreement could emerge as a bright spot in talks that are likely to focus on sensitive topics including Taiwan, the war in Ukraine and the…

Australia Offers Climate Refuge to Tuvalu Citizens, but Not All

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The Pacific island nation of Tuvalu once comprised 11 islands. It is now down to nine flecks of land totaling less than 10 square miles, which, like their lost siblings before them, risk gradually being eaten away by the rising tides of the world’s warming oceans. For decades, Tuvalu’s leaders have warned about the effects of the world’s emissions on this tiny place. “It’s a matter of disappearing from the surface of this earth,” Kausea Natano, the prime minister, said in September on the sidelines of the United Nations General…

A New Law Supercharged Electric Car Manufacturing, but Not Sales

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President Biden’s signature climate law has stimulated a surge of investment in electric vehicle production across the country, including tens of billions of dollars on battery plants across the South and new assembly lines near the Great Lakes. Based on early evidence, it is succeeding at a goal that economists have long considered difficult and costly: using the power of government to rapidly grow a new industry. That growth could prove crucial for the other side of the electric vehicle equation: enticing more consumers to buy them. That’s because Mr.…

China Is Winning in Solar Power, but Its Coal Use Is Raising Alarms

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China is installing about as many solar panels and wind turbines as the rest of the world combined, and is on track to meet its target for clean energy six years early. It is using renewables to meet nearly all of the growth in its electricity needs. Yet there is another side to that rapid expansion, one that is causing consternation in Washington at a critical period of climate diplomacy: China is also building new power plants that burn coal, the dirtiest of the fossil fuels, at a pace that…

Gavin Newsom, on Climate Mission to China, Meets With Xi Jinping

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Gavin Newsom, the governor of California, met with China’s leader, Xi Jinping, in Beijing on Wednesday, according to the Chinese state media, as part of an ambitious weeklong mission to negotiate climate partnerships. The two-term Democratic governor wants California to set an aggressive pace for the United States — and the world — to cut carbon emissions that are dangerously heating the planet. Mr. Newsom’s moves to tackle the climate crisis have elevated his national profile, just as he is widely believed to be preparing for a White House run…