News

Economic Fallout of Climate Move? It Depends on How We Value Time

Source: By Neil Irwin, New York Times • Posted: Tuesday, June 6th, 2017

President Trump’s decision to abandon the Paris climate accord — and his broader unwillingness to fight climate change — will have broad economic consequences. Exactly what those consequences will be, though, depends on many things. It’s not just the political decisions that will matter, but also the pace of scientific advances around renewable energy, the vicissitudes of commodity markets, and the investment decisions of businesses, governments and individuals worldwide.

New York seeks bids for $1.5 billion in clean energy projects

Source: By Mark Harrington, Newsday • Posted: Tuesday, June 6th, 2017

New York State will seek bids for clean energy projects valued at up to $1.5 billion in a move Gov. Andrew M. Cuomo’s administration says is aimed at expanding the state’s green energy economy after President Donald Trump’s administration pulled out of the Paris climate accord.

Trump’s Paris Exit Sidelines D.C. for Danish Wind Energy

Source: By Peter Levring, Bloomberg • Posted: Tuesday, June 6th, 2017

For Denmark, which relies more on wind energy than any other nation on the planet, Thursday last week was a pretty bad day. The country’s energy minister, Lars Chr. Lilleholt, watched in dismay as U.S. President Donald Trump extracted the world’s biggest economy from the Paris accord, ignoring decades of science-based work that had guided political efforts to protect the globe from climate change. But Lilleholt says the move also ignored the sound economics of renewable energy, and if the White House isn’t listening, he’s ready to take his message elsewhere.

Perry Challenges China Ahead of Clean Energy Summit

Source: By Bloomberg • Posted: Tuesday, June 6th, 2017

Perry’s attendance at the Clean Energy Ministerial — a forum of environment and energy ministers discussing trends in energy — has taken on greater importance since President Donald Trump announced that the U.S. will withdraw from the Paris Agreement on climate change.

China Looks to Capitalize on Clean Energy as U.S. Retreats

Source: By KEITH BRADSHER, New York Times • Posted: Tuesday, June 6th, 2017

China’s devastating pollution problems began here, in coal country, where legions of workers toiled and often died to exhume the rich deposits that fueled the country’s sooty rise to economic power. Today, these muddy plains are home to a potent symbol of China’s new ambition: to bypass the United States and cement its dominant role in clean energy.

California Gov. Brown Says US Will Stay in Climate Fight

Source: By Mathew BrownThe Associated Press • Posted: Tuesday, June 6th, 2017

California Gov. Jerry Brown predicted Tuesday that President Donald Trump’s decision to pull the U.S. out of the Paris climate accord will prove only a temporary setback to reducing greenhouse gas emissions because “disaster still looms” unless the world moves urgently on the issue.

Governors face pressure to distance themselves from Trump

Source: Benjamin Storrow and Emily Holden, E&E News reporters • Posted: Tuesday, June 6th, 2017

Six states announced they will join the climate pact organized by California, New York and Washington state in response to President Trump’s decision to withdraw from the Paris Agreement. The move followed growing calls for states to reduce greenhouse gas emissions in the wake of Trump’s announcement and illustrated the extent to which the president’s decision has roiled local politics in some parts of the country.

U.S. coalition to the world: ‘We are still in’

Source: Hannah Hess, E&E News reporter • Posted: Tuesday, June 6th, 2017

More than 1,000 leaders of U.S. states, cities, businesses and universities declared “we are still in” the Paris Agreement in an open letter today to the international community. The letter is meant to signal to 194 countries that signed the U.N. climate accord that the United States will continue to deliver emissions reductions, despite President Trump’s decision to withdraw from the pact.

Trump Plans to Shift Infrastructure Funding to Cities, States and Business

Source: By JULIE HIRSCHFELD DAVIS and KATE KELLY, New York Times • Posted: Tuesday, June 6th, 2017

President Trump will lay out a vision this coming week for sharply curtailing the federal government’s funding of the nation’s infrastructure and calling upon states, cities and corporations to shoulder most of the cost of rebuilding roads, bridges, railways and waterways.

White House launches vision on spending, projects

Source: Camille von Kaenel, E&E News reporter • Posted: Tuesday, June 6th, 2017

The White House today began a weeklong effort to promote plans to boost infrastructure spending by private companies, states and cities. The administration will publicize its vision in events and announcements. It kicked off with a long-discussed proposal to privatize air traffic control, which aides called “low-hanging fruit.”