|
A tally of
recent events you may have missed on changes
impacting climate policy and science under the
Trump administration.
US President Donald
Trump said he will block solar and
wind projects he blamed for inflating
electricity prices and destroying farmland. The
US Department of Agriculture will no longer
approve solar panels on productive farmland, it
said in a statement, and
those made by “foreign adversaries” won't be
used in USDA projects. But as Bloomberg’s Ari Natter and Ilena Peng write, a 2024 USDA
study showed that most land surrounding solar
and wind energy projects remains agriculture.
Electricity prices, meanwhile, have risen
because of demand from manufacturers and data
centers.
The EPA began holding
virtual public hearings on plans to
reconsider a 2009 landmark determination that
greenhouse gas emissions endanger public health
and welfare. More than 71,000 public comments
have already been received. As part of its
proposal, the EPA would also remove all
regulations requiring manufacturers of new motor
vehicles and their engines to measure, report,
or comply with greenhouse gas emissions
standards. --Danielle
Bochove
What did we
miss this week in Washington? Email
dboc...@bloomberg.net
Democratic state
officials from New York to California sent
letters to asset managers overseeing trillions
of dollars in retirement funds, urging them to consider
the long-term effects of factors such as
climate change when making investment
decisions.
The request from
more than a dozen state treasurers and
comptrollers calls for investment firms to
reject pressure from the Trump administration
and GOP lawmakers, and instead commit to
thorough evaluations of risks tied to global
warming, supply chains and corporate governance.
The Republicans
are misrepresenting “the
true meaning of fiduciary duty” by
requiring asset managers to take “a passive
approach to oversight while ignoring the nature
of long-term value creation in modern capital
markets,” according to one of the Democrats’
letters sent to investment firms. “In contrast,
we believe that fiduciary duty calls for active
oversight, responsible governance and the full
exercise of ownership rights on behalf of the
workers and retirees we serve.”
Read the
full story on Bloomberg.com.
India's solar
industry is forecast to become second
in size only to China by the mid-2030s,
according to BloombergNEF, driven
by the country's economic growth and
rapidly accelerating electricity consumption.
China is easing
restrictions on the amount of foreign
capital that companies can raise for
climate-related projects, as it seeks
to curb greenhouse gas emissions and
bolster its economy.
The UN has issued a
new warning on the impact of heat on
worker health. For every degree above 20C,
worker productivity drops between 2% and 3%,
according to new analysis from the World
Health Organization and the World Meteorological
Organization.
By Keira Wright
Australia’s
booming utility-scale solar industry may
have already peaked, risking the country’s lofty
climate goals.
Just 1.4 gigawatts
of utility-scale solar will be commissioned in
2025 — down 28% from last year and around 40%
below the 2023 peak, according to new
BloombergNEF
analysis.
Australia needs to
accelerate its energy transition or risk missing
a 2030 goal to double renewables as it phases
out aging coal plants.
Installations are
projected to average 1.5 gigawatts annually over
the next five years, before sliding to about 736
megawatts between 2031 and 2035, BNEF found.
In April, Spain
suffered a nationwide blackout that lasted
nearly a full day. It was a traumatic event for
one of Europe’s fastest adopters of solar power,
a country that tripled capacity in just five
years. The outage sparked a big question: Was
solar to blame? And what will it take to avoid
blackouts in the renewables era? Bloomberg
Green’s Laura Millan joins Akshat Rathi on Zero
to unpack the lessons from the Iberian Peninsula
and the technologies that could make such
blackouts a thing of the past.
Listen
now, and subscribe on Apple, Spotify or YouTube to get new
episodes of Zero every Thursday.
Solar
panels in Avila, Spain. Photographer:
Emilio Parra Doiztua/Bloomberg
|