Tag: climate

  • Oil industry sees a vibe shift on climate tech

    Oil industry sees a vibe shift on climate tech

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    “It’s blurred the lines” on what had in the past been rigid lanes that differentiate companies, Harbert said in an interview.

    The signs that the traditional oil industry is changing were everywhere. The head of Abu Dhabi’s state-owned oil company ADNOC bragged about his company’s solar power investments and admonished other companies to do more to cut their carbon emissions. The chief executive of Occidental Petroleum, one of the largest U.S. oil companies, announced its newest target was a $1 billion-plus project in West Texas to remove carbon dioxide directly from the air, and that it would look at potential nuclear power projects.

    The five-day conference that is the premier energy event in the U.S. features more sessions on hydrogen than on oil, a word that was uttered by a only a few of the speakers on the main stage during the first two days.

    Darren Woods, CEO and chairman of Exxon Mobil, spent most of his address talking up the company’s newest business line that strips carbon dioxide emissions from industrial sites. The company is also developing a large hydrogen plant to produce the fuel that many hope will help cut pollution from sectors that are hard to wring carbon dioxide from. And, almost in passing he mentioned that the world will need gasoline and diesel for the foreseeable future.

    “Our business has been to transform molecules,” Woods said of Exxon’s carbon capture and hydrogen projects. “This is an extension of that core capability.”

    This isn’t to say that the companies have forgotten their main business of pumping oil. Exxon, Chevron and other companies set new profit records last year as oil and fuel prices surged after Russia’s attack on Ukraine. ConocoPhillips CEO Ryan Lance and Hess Corp. CEO John Hess both highlighted that their companies were still making long-term investments in oil and natural gas production, though those remarks were notable for their rarity.

    Overall spending on oil and gas exploration and production in North America is expected rise nearly 18 percent this year from last, largely because of spending by independent and private companies, according to forecasts by analysts at advisory and investment firm Evercore ISI. ’s faster than the nearly 13 percent rise in spending predicted for the whole world. And many of the private or independent oil and gas producer have little interest in diversifying their business into clean energy or carbon technologies.

    The sharp ramp up in the technologies that will help fight climate change by many companies, however, does not represent a repudiation of oil and gas. The industry’s focus on clean energy technologies is a way to preserve that core business, Occidental CEO Vicki Hollub said.

    “We believe that our direct capture technology is going to be the technology that helps to preserve our industry over time,” Hollub told the audience. “This gives our industry a license to continue to operate for the 60, 70, 80 years that I think it’s going to be very much needed.”

    For many conference attendees, the new announcements show the oil industry being at an inflection point where companies see they need to adopt more clean energy businesses to survive.

    “I think the direction of travel is definitely in the direction of broadening our energy offerings and reducing our emissions,” Eirik Wærness, senior vice president and chief economist at Norway-based energy company Equinor, said in an interview. “And when you’re at an energy conference like this in the United States five months after the IRA was passed, well, industry reacts to policy signals.”

    Even some environmental advocates in the room said they noticed a vibe shift at the annual industry huddle.

    “The business is changing really fast,” said Samantha Gross, director of the Energy Security and Climate Initiative at the Washington, D.C.-based think tank Brookings Institute and former Obama administration official who spoke at a climate change panel at the conference. “Absolutely, 100 percent. They’re really serious about it. They’re looking at the future and trying to decide who they want to be in this new world.”

    A key reason for this emerging diversification was the Inflation Reduction Act that President Joe Biden and Democrats passed last year that offers billions of dollars for the technologies that companies had so far only mulled as possible carbon cutters. But those tax credits and grants are available only for the next few years, so companies are scrambling to access the money while they can.

    The raft of Biden administration officials who traveled to CERAWeek were pushing those two messages to executives — do more to cut the greenhouse gases that cause climate change, and that plenty of incentive money was available for them to do so.

    ”The IRA is a tremendous step forward,” John Kerry, White House special envoy on climate change, told the audience of hundreds of industry representatives. “It’s huge, with a major global impact that I am sensing and feeling, and I think you are, too.”

    But Kerry was quick to single out one U.S. executive — Chevron CEO Mike Wirth — who used his address to highlight a plan to increase oil production.

    “I heard how in Kazakhstan they may go up to a million barrels, and in the Permian they may go up to a billion barrels,” Kerry said. “Well, ok. Are we going to go down in emissions?”

    A Chevron spokesperson did not provide comment on Kerry’s remark.

    Over and over again, companies in Houston said they had got the message. Without the passage of the IRA, Occidental and Siemens Energy would have taken longer to unveil a large project that would suck 500,000 tons of carbon dioxide from the air every year, Siemens North American President Richard Voorberg said in an interview. The companies plan to continue to develop similar projects twice that size, Voorberg added.

    “If the incentives aren’t there, you start small, then maybe go a little bit bigger, then a little bit bigger and then it kind of grows into something,” Voorberg said. “Oxy’s taking the position they’re going to go big. … Now that becomes their standard and now they multiply it and it starts changing the world.”

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    ( With inputs from : www.politico.com )

  • No avoiding it now: Immigration issues threaten Biden’s climate program

    No avoiding it now: Immigration issues threaten Biden’s climate program

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    Congress has put a record amount of money behind boosting jobs the U.S. workforce presently does not appear equipped to fulfill. That includes $369 billion in climate incentives from the Inflation Reduction Act, $550 billion in new money through the Infrastructure Investment and Jobs Act, and the CHIPS and Science Act’s $52 billion to boost semiconductor manufacturing.

    Lawmakers, former administration officials, clean energy and labor advocates said immigration fixes are needed if the administration wants to ensure its biggest victories don’t go to waste — and that the nation can fight climate change, add jobs and beat geopolitical rivals like China in the global marketplace. Those changes include raising annual visa caps for highly skilled workers needed to grow the next wave of U.S. industry and securing ironclad work protections for people in the country on a temporary basis, they said. It’s the key to building a workforce needed to design, manufacture and install millions of new appliances, solar panels and electric vehicles.

    The high stakes for Biden’s jobs agenda, which will be a pillar of his likely reelection message next year, may force the White House to finally grapple with an issue it’s mostly kept on the back burner.

    President Donald Trump cut legal immigration in half over his four years in office through a mix of executive orders that halted immigration from Muslim countries and limited the ability of people seeking to join their spouses and other family members in the U.S. As Republicans have attacked Biden over the migrant crisis at the southern border, his administration has kept some of his predecessor’s immigration policies in place. And the White House is wary about enabling additional GOP attacks that would likely ignore the economic rationale for any easing of legal migration and simply hammer Biden as “soft” on immigration.

    In addition, calling for foreign-born workers would appear at odds with Biden’s blue-collar, American-made green revolution.

    Last decade saw the U.S. population grow at its slowest rate since the Great Depression, yet the White House remains somewhat hesitant to take further executive action or use its bully pulpit on immigration, according to people familiar with the administration’s thinking. But they said the administration recognizes immigration tweaks could break a labor shortage raising the price of goods through supply chain constraints, slowing clean energy projects and preventing highly skilled people from helping American businesses lead in emerging global industries.

    One former administration official warned that policymakers must soon address the reality of global competition for high-skilled talent.

    “If in the long term we neglect the human capital equation here, to some extent these efforts to change the face of industrial policy in the United States are not going to be as successful as they should be,” said Amy Nice, distinguished immigration fellow and visiting scholar at Cornell Law, who until January led STEM immigration policy at the White House Office of Science and Technology Policy. “And some measures will be in vain.”

    The White House has been hearing from senior officials, including at least one Cabinet secretary, about the need for administrative actions on immigration — raising caps on certain visa categories, filling country quotas — to help alleviate the pressure on the workforce and increase the country’s labor supply, according to a senior administration official not authorized to speak publicly on the matter.

    Biden, some officials and lawmakers have asserted, could also increase staff and other resources to help speed up visa processing and cut through a massive backlog that has left potential workers in limbo for months, years, and in some cases, decades.

    But for now, the administration seems more inclined to allow Congress to work on the issue.

    “I don’t think politics is the main concern. It’s just inertia and the hope that something more substantial could be done through legislation,” said one senior administration official who did not want to be named in order to speak freely.

    A White House official defended the administration’s record on immigration, noting Biden sent a framework for comprehensive immigration reform to Congress as one of his first presidential actions. The measure has yet to gain traction.

    The White House official noted the administration is moving to address immediate clean energy workforce needs in the construction, electrification and manufacturing fields, where a shortage of qualified people threatens to slow deployment of climate-fighting innovations Biden needs to meet his climate goals.

    The official said the administration has worked with organizations to pair skilled refugees from Afghanistan and Ukraine with trade union apprenticeship programs. The official said the administration’s focus remains on retraining people through creating training pipelines for electricians, broadband installers and construction workers. The official added that expanding union participation would ensure stronger labor supply by reducing turnover through improved job quality, safety and wages.

    “I don’t think we’ve run out of people to do these kinds of jobs,” the official said.

    Sen. Tim Kaine (D-Va.) said in an interview that the White House is “certainly aware that the low unemployment rate can be an obstacle” to the economy and the laws it has passed, but that the administration “hasn’t come to the Hill with a real workforce focus” on immigration.

    The stakes are clear for sectors pivotal to building and operating the infrastructure, manufacturing and clean energy projects Biden and Democrats have promised. The 57,000 foreign-born workers currently in the electrical and electronics engineering field comprise nearly 27 percent that sector’s workforce, while the 686,000 foreign-born construction laborers account for 38 percent of the nation’s total, according to a New American Economy analysis of Census data. Most foreign-born construction laborers are undocumented immigrants, according to the Center for American Progress, making up nearly one-quarter of the sector’s national workforce.

    “My largest worry about the American economy right now is the workforce worry,” Kaine said.

    The White House has seemed more comfortable taking executive steps, Kaine said, such as expanding a humanitarian parole program for migrants that also comes with a two-year work authorization. It also has pledged to step up enforcement against employers that exploit undocumented workers, which advocates contend will help keep those people in the workforce.

    But conversations are also brewing again on Capitol Hill about more “discreet” immigration bills. Kaine said he and Sen. Lindsey Graham (R-S.C.) have discussed legislation to help support people with Temporary Protected Status, a Department of Homeland Security designation for people who have fled natural disasters, armed conflict or other “extraordinary and temporary conditions” in their home country.

    Immigration restrictions are even hindering oil and gas companies right now, Rep. Marc Veasey (D-Texas), said in a House Energy and Commerce Committee hearing last month.

    “The permits that ranchers use, agriculture, the permits that hospitality use — those same immigration permits are not the ones that are needed for people to have temporary work visas in the oil and gas sector,” he said. “You ain’t unleashing a thing unless you do something about immigration reform.”

    Others have suggested that in addition to its inability to reach a deal to update the nation’s outdated immigration system, Congress needs to do a better job at retaining the immigrants who specifically come to the U.S. to earn degrees.

    The U.S. for years has struggled to develop advanced STEM degree holders, a key indicator of a country’s future competitiveness in these fields. It has fewer native-born advanced STEM degree recipients than countries like China, raising national security concerns from top officials. The Biden administration has tried to break that logjam, in part by allowing international STEM students to stay on student visas and work for up to three years in the U.S. post-graduation.

    “Why educate some of these folks in American schools … and then lose some of our best and brightest talent just because our system is super outdated?” said Kerri Talbot, deputy director of the Immigration Hub.

    And the demand for high-skilled workers far outweighs the nation’s immigration caps, said Shev Dalal-Dheini, head of government affairs for the American Immigration Lawyers Association. Congress limited employment-based green cards and H-1B visas offering temporary residency to skilled workers to 140,000 and 85,000 per year, respectively.

    Foreign nationals dominate the exact fields the U.S. needs to grow its clean energy and manufacturing base. Nearly three-quarters of all full-time graduate students at U.S. universities pursuing electrical engineering, computer and information science, and industrial and manufacturing engineering degrees are foreign-born, according to the National Foundation for American Policy, an innovation, trade and immigration think tank. The same is true for more than half seeking mechanical engineering and agricultural economics, mathematics, chemical engineering, metallurgical and materials engineering and materials sciences degrees.

    Subtle changes, like requiring more evidence and interviews, under the Trump administration worsened already-common backlogs. Processing at the U.S. Citizenship and Immigration Services, which is mainly paper based, not electronic, shuttered during the pandemic — it remains plagued by staff and funding shortages.

    To the extent that the green energy transition is a race for a global market and influence, the U.S. immigration system is like a boulder in its shoe.

    “Canada literally places billboards in Washington state saying, ‘Come here,’” said Theresa Cardinal Brown, senior advisor for immigration and border policy at the Bipartisan Policy Center. “Our ability to succeed in these big goals relies on people being able to do the work to meet those goals.”

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    ( With inputs from : www.politico.com )

  • Warren, Whitehouse lead Democrats in pressing Gensler for strong climate rule

    Warren, Whitehouse lead Democrats in pressing Gensler for strong climate rule

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    The lawmakers say investors are demanding the information — and that Wall Street’s top regulator needs to “issue a strong climate risk disclosure rule as quickly as possible.” They called the idea of preemptively curtailing the rule’s Scope 3 and financial reporting components to head off legal risks “deeply misguided.”

    “The proposed rules are necessary and overdue,” they wrote to Gensler on Sunday, adding that if the SEC waters down the plans the agency “would be failing its duty to protect investors.”

    Among the others who signed the letter are Sens. Martin Heinrich of New Mexico, Jeff Merkley of Oregon, Tina Smith of Minnesota and Cory Booker of New Jersey. Democratic Reps. Jerry Nadler of New York, Katie Porter of California and Chuy García of Illinois also signed on, as did Sen. Bernie Sanders of Vermont, an independent.

    Asked for comment, an SEC spokesperson said in an email that Gensler “responds to Members of Congress directly rather than through the media.”

    Now nearly a year old, the SEC’s proposal has ignited a firestorm in corporate America and among GOP lawmakers. But the Democratic concerns from Capitol Hill about the rule’s future are an early sign of the pushback that the SEC will have to face from the left if the agency elects to ease up.

    The final rule will need to be approved by three of the SEC’s five commissioners, including Gensler.

    Driving the proposal is the SEC’s hope of providing investors with a glimpse — through standardized data and disclosures — into how companies are tackling climate change.

    The threat of litigation has hung over the SEC for months, as industry groups like the National Association of Manufacturers and several state attorneys general have warned that they may look to challenge the rule in court and on the grounds that the SEC overstepped its authority with the rule — especially in looking to include Scope 3 emissions.

    Democrats see Scope 3 as pivotal to the final rule’s success.

    “Not requiring Scope 3 emissions disclosures would enable [fossil fuel companies] and other companies with similar types of emissions patterns to hide the vast majority of their exposure to climate risk from regulators and investors,” the lawmakers wrote. “For many companies and sectors, a greenhouse gas inventory that omits Scope 3 would be materially misleading to investors.”

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    ( With inputs from : www.politico.com )

  • Environment |  A considerable part of the palsa swamps of Upper Lapland has disappeared due to climate change

    Environment | A considerable part of the palsa swamps of Upper Lapland has disappeared due to climate change

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    Pals are peat mounds in permafrost with an icy core. When the average temperature rises, the ice inside the mounds melts and the mounds collapse. No new mounds are formed.

    Third Compared to the situation in the 1990s, the number of palsas in the conservation and wilderness areas of Upper Lapland has disappeared, says Metsähallitus.

    The reason for this is climate change. Pals are peat mounds in permafrost with an icy core. When the average temperature rises, the ice inside the mounds melts and the mounds collapse. New palsa mounds are no longer formed, and thus the palsa swamps disappear.

    Metsähallitus and the Finnish Environment Agency mapped almost three million hectares of the natural state of Upper Lapland in 2020–2022. The material produced with the help of machine intelligence is the most accurate that has ever been collected about the area’s habitat types and their condition.

    #Environment #considerable #part #palsa #swamps #Upper #Lapland #disappeared #due #climate #change

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    ( With inputs from : pledgetimes.com )

  • Climate activists are outraged by the Lent custom – “witch hunt” accusation and pyre

    Climate activists are outraged by the Lent custom – “witch hunt” accusation and pyre

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    From: Catherine Reikowski

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    Climate activists from the environmental movement “Last Generation” sit on a street. (Iconic image) © Lennart Preiss/dpa/Iconic image

    “Witch hunt” on climate activists? A custom fuels anti-Last Generation sentiment. You feel threatened.

    Vandans/ Vienna (Austria) – For some, the climate activists from organizations like “The Last Generation” or “Ende Gelände” are heroes. For the others they are “climate glue“, which disturb everyday life and provoke pointlessly with their actions. A custom from Austria, which was converted to climate activists, is now causing an uproar on social networks. The organization itself is concerned.

    In February, traffic in Vienna was disrupted for two weeks by the organization “Last Generation”, supported by other organisations. The aim of the protest: stop new oil and gas drilling and introduce a 100 km/h speed limit on the freeway. How OE24 reported, various protesters were temporarily detained more than 80 times in total.

    There were arguments between passers-by and demonstrators: “Something hacked, you oaschholes,” an angry man called out on Friday (February 24). By “hacking” was meant “working”. An activist then replied: “I have a job anyway, I took extra time off today.” The organization recently published pictures of demonstrators walking on the street being pulled off the street by the police on Monday morning (February 27).

    “Witch hunt” on climate activists? How a custom from Austria heats up the mood

    Support, incomprehension, concern – a custom from Vorarlberg drives the polarization surrounding climate activists to the extreme. It is a tradition in Vorarlberg to burn a straw doll on a large pile of wood at the beginning of Lent. The so-called “spark witch” is supposed to drive away the winter with her burning.

    In Vandans, however, the “spark witch” was disguised as an activist with a safety vest. “I’ll push it into you, I’ll stick myself to the top of the pyre,” says the Vorarlberg dialect on the sign that the straw doll is holding in his hand, like the one among others ORF reported.

    “This is how a society that is dependent on fossils reacts: Literal witch hunts on those who peacefully point out and protest for what, according to scientific findings, must finally be decided,” writes the “Last Generation Austria” in a response on Twitter . According to ORF, Marina Hagen-Canaval, press spokeswoman for “Last Generation”, also spoke of a “witch hunt”. The Twitter users reacted with support for “The Last Generation”, but others also saw the action as a justified warning to the “interferers”.

    Austria: accusation of witch hunts by climate activists – this is how the radio guild reacts

    “I cannot influence what others interpret into a warning vest,” said the chairman of the “Funkenzunft”, Markus Pfefferkorn, to the ORF. His guild competed with the witch in the election for the most beautiful spark witch in Vorarlberg’s Montafon valley. The disguise is only satire, with which one does not want to incite hatred or defame climate activists.

    He was asked by the “Last Generation” by email to take the witch from the Funkenturm. However, the request will not be complied with, as they want to stick to the customs. Instead, he suggested to the ORF that the climate activists should be told what it was all about. He cannot understand the allegation of witch hunts. He also cannot understand the excitement about the inscription “She deserves it”. “The witch is supposed to explode on the spark and thus keep disease and mischief away from the village,” says Pfefferkorn, “that’s why she deserves it”.

    Who is behind the “Last Generation” and where does the anger at climate activists come from?

    The climate activists are repeatedly accused of impeding traffic safety with their actions. An argument that led the voluntary paramedic Gerald Bäck to join the “last generation” in Austria. His missions are repeatedly hindered, but: “It’s not the fault of any glued-on people, but the normal madness about parking and traffic! The causes being championed by ‘The Last Generation’ are more than valid,” he writes on the Last Generation website.

    Are climate activists being made into “scapegoats” – which would actually be reminiscent of medieval witch burnings? Yes, says the ethicist Prof. Dr. Opposite Andreas Lob-Hüdepohl nv. In connection with the death of a cyclist parallel to climate protests, he said: “The general public knows and basically also wants that something should change radically in favor of the climate. However, far too few are willing to change their own actions in everyday life or to support corresponding political guidelines. That is why the blockers touch the deep bad conscience of many people, especially political actors.”

    He said: “You can distract yourself from your own inability to act consistently by scapegoating others.” For March 3, Fridays for Future has called for a global protest that can do without disrupting traffic. The fact that climate activists are radicalizing is met with understanding from other climate activists – radicalization is a sign of powerlessness. (cat)

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    ( With inputs from : pledgetimes.com )

  • ‘We can’t find people to work’: The newest threat to Biden’s climate policies

    ‘We can’t find people to work’: The newest threat to Biden’s climate policies

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    “Having the technicians and the engineers and skilled mechanics, that is going to be a challenge in the United States,” Washington Gov. Jay Inslee, a prominent Democratic clean energy proponent whose own 2020 presidential platform helped shape some of Biden’s policies, said in an interview.

    Democrats’ Inflation Reduction Act includes $369 billion in clean energy incentives that are meant to send a signal to U.S. businesses — encouraging them to build and deploy electric cars, carbon-free energy sources and less-wasteful appliances. And it appears to be working: More than 100,000 clean-energy job openings have sprung up across the U.S. since Biden signed the climate law six months ago, according to Climate Power, a coalition of environmental groups.

    But another report cast a more ominous outlook: The U.S. construction industry was short 413,000 workers as of December, while 764,000 manufacturing sector jobs remained open, according to the Bureau of Labor Statistics. And the consulting firm McKinsey & Co, expects 550,000 new energy transition jobs will become available by 2030, about 10 percent of which may be filled by people leaving the oil and gas industry.

    “The first thing I heard from everyone was the same thing: We can’t find people to work,” said Rep. Bob Latta (R-Ohio), said of a recent visit to his manufacturing-heavy district in northern Ohio. “That’s inhibiting what they can do.”

    Companies in the clean energy sector have raised alarms about labor shortages, said Dawn Lippert, CEO of Honolulu-based Elemental Excelerator, a group that helps clean energy start-ups.

    “Our portfolio companies have two main concerns: capital and workforce. The need to grow the workforce is evident in all industries, from electricians to finance,” she said.

    The climate law recognized the gap. It included incentives, such as more lucrative tax credits, for partnering with registered apprentice programs and broad funding that could be used for workforce development to train people to maintain clean heavy-duty vehicles and heat pumps and to install clean energy projects. Biden underscored the point by visiting a labor union training facility in Wisconsin, his first stop on a manufacturing tour after his State of the Union, where he called the law “a blue-collar blueprint to rebuild America.”

    Those investments will help state leaders who have raised concerns about the pace of workforce development, said Casey Katims, executive director of the U.S. Climate Alliance, a bipartisan coalition of 24 governors. States could use those funds to reorient apprenticeship and community college programs, he said, much as they did in the 1990s and 2000s to prepare people for computer science jobs.

    “It’s incumbent on all of us to make sure that our labor markets and our workforce development systems catch up to the shift and the huge opportunity that we’re seeing,” he said.

    An emerging field of climate technology known as carbon management offers a warning.

    The Biden administration and Congress want to grow the sector, which aims to capture greenhouse gas emissions from fossil fuel burning or pull them from the air. The suite of technologies would then pump the gas below ground, turn it into other products or use it as a source for lower-carbon hydrogen power. Scientists have said such innovations may be needed to keep the planet from reaching greenhouse gas concentrations that push the planet past the point of catastrophic warming.

    McKinsey and the tech companies Alphabet, Meta, Stripe and Shopify bought into the promise, pledging last year to play a “catalytic role” in the carbon removal industry’s development. Under the banner Frontier Climate, they joined together to announce they would help the carbon removal industry grow, in part by promising to buy the climate credits generated by such projects.

    Frontier Climate also built a searchable database to alert scientists, engineers and professionals in other fields to potential careers in carbon management. But when the database was published in November, it identified more than 100 technical issues that must be answered for the technology to scale up.

    The exercise also revealed that many of the skills and workers needed to store and transport carbon dioxide, such as geologists and pipefitters, are similar to those employed by oil and gas industry — which could be a potential labor pool.

    “Who knows the most about the subsurface and putting the CO2 underground? The oil and gas industry,” said Ryan Orbuch, a former Stripe employee who is now a partner at venture capital firm Lowercarbon Capital.

    “We’re not going to do gigatons of carbon removal without employing the people who do gigatons of moving carbon around already,” he added. “Those people just currently work in oil and gas companies because those are the only companies that do this right now.”

    Anu Khan, director of science and innovation at Carbon180, an advocacy firm that supports carbon removal, said to avoid a labor crunch in the future, cleantech industries must already begin informing workers with comparable skills in other industries about the opportunities available in clean energy. She said the industry needs trade union members’ skills, such as fitting pipelines to move carbon dioxide, drilling wells to store carbon dioxide and doing the engineering to build and operate machinery.

    “We haven’t immediately fully run up against that challenge yet, but it’s on the horizon,” she said of the workforce gap.

    Khan is trying to connect the industry with labor unions and tradespeople. The links are sometimes explicit: Roxanne Brown, the United Steelworkers’ vice president at large, is on Carbon180’s board of directors.

    “These investments are going to be tremendously helpful to protect jobs in the industrial sector, and make it more sustainable and globally competitive,” Anna Fendley, director of regulatory and state policy with United Steelworkers, said of carbon management in a Jan. 26 call with reporters.

    While it’s unclear how many jobs the carbon removal industry could generate, climate researchers have projected potentially major gains from one segment known as direct air capture. (This early-stage technology would pull greenhouse gases from the atmosphere, as opposed to a specific power plant or factory.)

    For every megaton of carbon dioxide that a direct air plant can remove per year, the technology will create about 1,500 temporary jobs and then 500 permanent jobs for ongoing operations, climate research firm Rhodium Group estimated. That could translate to 1.5 million construction and 500,000 operation jobs for every gigaton. Direct-air capture at 0.5 gigaton of carbon dioxide removal annually would support a more modest 139,000 operations jobs, environmental non-profit World Resources Institute suggested.

    Scientists project that the world will have to remove 10 gigatons annually by 2050 to keep the planet from heating 1.5 degrees Celsius above pre-industrial levels, the super-ambitious goal set by the Paris climate agreement.

    “We’re talking about a trillion or trillions of dollars that this industry will make up when we’re talking about gigaton scale,” said Whitney Herndon, associate director at Rhodium, who authored the report. “A lot of times the gut reaction on our jobs projection is, ‘Whoa, that’s a lot of jobs.’ But I think that’s from a fundamental misunderstanding of how large this industry is going to be.”

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    ( With inputs from : www.politico.com )

  • Kerry to stay on as Biden’s top climate diplomat

    Kerry to stay on as Biden’s top climate diplomat

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    Kerry’s relationship with his Chinese counterpart, Xie Zhenhua, has been a rare bright spot between the United States and China. Kerry has sought to carve out a separate lane to discuss climate with China, the world’s top emitter. He told The Boston Globe those talks have been paused for the past and was informed that Xie had been ill with Covid-19.

    The future of natural gas and oil is sure to color the upcoming climate talks amid rising energy costs, energy security concerns stemming from Russia’s invasion of Ukraine and the UAE’s role as a major hydrocarbon producer.

    The decision to stay in his current role, however, will also open Kerry up to investigations by the Republican-led House, with House Oversight Chair James Comer (R-Ky.) already requesting documents and communication from Kerry’s office. Kerry told the Globe “we have nothing to hide.”

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    ( With inputs from : www.politico.com )

  • Why World Bank head’s resignation is good news for climate crisis fight

    Why World Bank head’s resignation is good news for climate crisis fight

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    The resignation of David Malpass, president of the World Bank, was greeted with relief and joy on Wednesday evening by climate experts and campaigners, who said it should open up a new era for financing the global shift to a low-carbon economy.

    Malpass, who was appointed to the role by the then US president Donald Trump in 2019, had been facing mounting calls to step down after a series of missteps, including lacklustre plans for green investment, and appearing to deny climate science when confronted by a journalist.

    In a statement, Malpass said the World Bank Group, which provides investment and finance to alleviate poverty and build services and infrastructure in developing countries, was “fundamentally strong, financially sustainable, and well-positioned to increase its development impact in the face of urgent global crises” and that he would “pursue new challenges”.

    His departure, which will take place on 30 June to give time to find a successor, should herald sweeping reform of the bank and its sister institutions to focus much more on the climate crisis, experts said. Al Gore, former US vice-president, said: “Humankind needs the head of the World Bank to fully recognise and creatively respond to the civilisation-threatening danger posed by the climate crisis. I am very happy to hear that new leadership is coming. This must be the first step towards true reform that places the climate crisis at the centre of the bank’s work.”

    Developing countries have grown increasingly frustrated with the paucity of World Bank funds available for their pursuit of clean energy and to help them adapt to the impacts of extreme weather. Donor nations were also grumbling and pushing for reform, impatient with the bank’s slow progress in delivering a comprehensive climate plan.

    Jake Schmidt, strategic director for climate at the US Natural Resources Defense Council, said: “Malpass’s departure allows the World Bank to hit the reset button and finally commit to the leadership needed in the climate finance space. The world needs more and better climate finance to meet the scale of the climate crisis and the needs of developing countries. With new leadership, the World Bank now needs to rapidly evolve, as a growing chorus of countries and experts have been urging.”

    Calls for Malpass’s resignation gathered strength after an incident last September, on the fringes of the UN general assembly, when a New York Times journalist asked him on stage to confirm his acceptance of climate science. He fumbled for words and refused to validate climate science. Although he later attempted to clarify his position and insisted he was not a climate denier, the impression had been clearly given and his leadership irrevocably damaged.

    Then at the Cop27 UN climate summit last November, arriving late after the plane he was on was hit by lightning, Malpass flew into another storm. Mia Mottley, prime minister of Barbados, spearheaded a carefully coordinated attempt to gather international backing for a new global system of climate finance, with a reformed World Bank at its centre.

    The World Bank and its subsidiaries were set up under the Bretton Woods framework, developed by the allies of the second world war in 1944. Mottley told world leaders: “Institutions crafted in the mid-20th century cannot be effective in the third decade of the 21st century. They do not describe 21st-century issues. Climate justice was not an issue then [when the bank was set up].”

    Some of the criticisms of the World Bank are that its climate spending is too small, too scattered, uncoordinated and badly targeted, and hard to access by the poorest countries. The bank has also continued to fund fossil fuel projects, despite claiming to phase it out. According to data published last year, the bank has provided $15bn to fossil fuel projects since the Paris agreement was signed in 2015.

    Mottley, whose country is one of the many small island states at gravest risk from the climate crisis, was cheered and feted at Cop27, and country after country came forward to support her plans. World leaders including France’s Emmanuel Macron, Germany’s Olaf Scholtz, Rishi Sunak of the UK and the US climate envoy John Kerry discussed what reform could look like.

    Malpass, when he finally arrived, could only reiterate that his leadership was delivering a record $32bn (£26bn) for climate finance – sums derided as falling far short of the hundreds of billions and even trillions needed for the green transition.

    Yet reform of the World Bank need not involve vast new expenditure by developed country donors, according to its former chief economist Nicholas Stern. He estimates that because of the structure of the bank’s capitalisation, investment of about $9bn from developed countries over several years could enable it to raise about half of the $2.4tn a year he calculates will be required in total climate finance by 2030, to put the world on a low-carbon path.

    “These sums are not scary,” Lord Stern told the Guardian at Cop27. “They are about 5% more than the current investment [much of which goes to fossil fuels and high-carbon infrastructure]. We could, if we wanted to, get started quickly.”

    Mottley is expected to set out her proposals, known as the Bridgetown Agenda, in some detail in the coming weeks, to be discussed by world governments before the spring meetings of the World Bank Group in April. Then in late June, Macron will hold a climate finance summit in Paris, by which time – if nations can keep up their constructive spirit – the new plans may be ready to start putting into action.

    By then, a new World Bank president should be ready to take over. Since the Bretton Woods institutions were set up, that appointment has always been made by the US president, while European leaders choose the head of the International Monetary Fund. Some developing countries would like to see that convention reformed, too, and have a global competition to find a new president – but that might be a step too far for Malpass’s successor.

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    ( With inputs from : www.theguardian.com )

  • World risks descending into a climate ‘doom loop’, warn thinktanks

    World risks descending into a climate ‘doom loop’, warn thinktanks

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    The world is at risk of descending into a climate “doom loop”, a thinktank report has warned.

    It said simply coping with the escalating impacts of the climate crisis could draw resources and focus away from the efforts to slash carbon emissions, making the situation even worse.

    The damage caused by global heating across the globe is increasingly clear, and recovering from climate disasters is already costing billions of dollars. Furthermore, these disasters can cause cascading problems including water, food and energy crises, as well as increased migration and conflict, all draining countries’ resources.

    The researchers, from the Institute for Public Policy Research (IPPR) and Chatham House, said a current example of the impact of the climate crisis complicating efforts to reduce emissions and other action was the debate over whether keeping the global temperature rise below 1.5C – the international goal – was still possible.

    Those arguing 1.5C was still possible risked perpetuating complacency that today’s slow pace of action was sufficient, the researchers said, while those arguing it was not possible risked supporting fatalism that little that could now be done, or “extreme approaches” such as geoengineering.

    Avoiding a doom loop required a more honest acceptance by politicians of the great risks posed by the climate crisis, the researchers said, including the looming prospect of tipping points and of the huge scale of the economic and societal transformation required to end global heating. This should be combined with narratives that focused on the great benefits climate action brought and ensuring policies were fairly implemented.

    “We’ve entered, sadly, a new chapter in the climate and ecological crisis,” said Laurie Laybourn, an associate fellow at IPPR. “The phoney war is coming to an end and the real consequences now present us with difficult decisions. We absolutely can drive towards a more sustainable, more equitable world. But our ability to navigate through the shocks while staying focused on steering out the storm is key.”

    The report said: “This is a doom loop: the consequences of the [climate] crisis draw focus and resources from tackling its causes, leading to higher temperatures and ecological loss, which then create more severe consequences, diverting even more attention and resources, and so on.”

    It noted that, for example, Africa’s economy was already losing up to 15% of GDP a year to the worsening effects of global heating, cutting into funds needed for climate action and emphasising the need for support from developed countries, which emit the most carbon dioxide.

    “The thing I’m most concerned about is that we’re not factoring in the cascading risks to societies,” said Laybourn. “It’s not just the big city-smashing storms we should be concerned about, it’s the consequences that ripple through our globalised systems.”

    “For the UK, it may not necessarily be the sheer cost of responding to disasters that’s the biggest distraction. It could be that it has to deal at the same time with a food price shock and resurgent nativism, playing off fears about so-called climate refugees,” he added.

    Laybourn said the narratives used to describe the situation were very important. For example, he said, greener transport was not simply about switching to electric vehicles, but about better public transport and redesigned cities that meant people were closer to the jobs, education and healthcare they needed. This in turn meant reevaluating local authority budgets and taxes to implement the change.

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    Unfairness in climate policy could drive the doom loop, Laybourn said, because if people felt unaffordable changes were being forced on them they would reject the need for a green transition. But, he added: “If you have fairness at the heart of things, it can instead be a virtuous circle, if you’re in a situation where people recognise that switching to a heat pump and having better insulation will be better for them regardless of the climate crisis.”

    Making progress on climate action resilient to difficulties posed by climate impacts was also crucial. “I’m a massive fan of citizens’ assemblies, because if people feel they have a role in decision making, they’re more likely to maintain their support, even in a future in which the shocks start to rack up. They become moments where we actually do build back better,” said Laybourn, unlike after the 2008 crash and Covid pandemic.

    Bob Ward, of the Grantham Research Institute on Climate Change at the London School of Economics, said: “This report rightly highlights the critical point we have reached, namely the increasing likelihood that global temperature will rise by more than 1.5C. This does not mean that we should abandon the target.

    “Our main aim should still be radical emissions cuts to try to avoid breaching 1.5C, but we should now also be considering what happens if we continue to fail.

    “This will mean bringing temperatures back down [and] we will have to invest in geoengineering options such as carbon dioxide removal and even solar radiation management. But it also means we will have to spend far more on dealing with [climate] damage, which will make it more difficult to make the transition to a sustainable, inclusive and resilient world.”

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    ( With inputs from : www.theguardian.com )

  • Trump pick for World Bank chief makes early exit after climate stance misstep

    Trump pick for World Bank chief makes early exit after climate stance misstep

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    World Bank president David Malpass on Wednesday said he would leave his post by the end of June, months after running afoul of the White House for failing to say whether he accepts the scientific consensus on global warming.

    Malpass, appointed by Donald Trump, will vacate the helm of the multilateral development bank, which provides billions of dollars a year in funding for developing economies, with less than a year remaining in a five-year term. He offered no specific reason for the move, saying in a statement, “after a good deal of thought, I’ve decided to pursue new challenges”.

    Treasury secretary Janet Yellen thanked Malpass for his service in a statement, saying: “The world has benefited from his strong support for Ukraine in the face of Russia’s illegal and unprovoked invasion, his vital work to assist the Afghan people, and his commitment to helping low-income countries achieve debt sustainability through debt reduction.”

    Yellen said the United States would soon nominate a replacement for Malpass and looked forward to the bank’s board undertaking a “transparent, merit-based and swift nomination process for the next World Bank president”.

    By long-standing tradition, the US government selects the head of the World Bank, while European leaders choose the leader of its larger partner, the International Monetary Fund (IMF).

    Pressure to shake up the leadership of the World Bank to pave the way for a new president who would reform the bank to more aggressively respond to climate change has been building for over two years from the United Nations, other world leaders and environmental groups.

    In November 2021, special adviser to the UN secretary-general on climate change Selwin Hart called out the World Bank for “fiddling while the developing world burns” and said that the institution has been an “ongoing underperformer” on climate action.

    Pressure on Malpass was reignited last September when the World Bank chief fumbled answering a question about whether he believed in the scientific consensus around climate change, which drew condemnation from the White House.

    In November, special envoy on climate change John Kerry said he wants to work with Germany to come up with a strategy by the next World Bank Group meetings in April 2022 to “enlarge the capacity of the bank” to put more money into circulation and help countries deal with climate change.

    More recently, Yellen has launched a major push to reform the way the World Bank operates to ensure broader lending to combat climate change and other global challenges.

    Malpass took up the World Bank helm in April 2019 after serving as the top official for international affairs at US treasury in the Trump administration. In 2022, the World Bank committed more than $104bn to projects around the globe, according to the bank’s annual report.

    A source familiar with his thinking said Malpass had informed Yellen of his decision on Tuesday.

    The end of the fiscal year at the end of June was a natural time to step aside, the source said. The World Bank’s governors are expected to approve the bank’s roadmap for reforms with only minor changes at the spring meetings of the IMF and World Bank set for mid-April.

    Still, World Bank sources said they were surprised by his decision to step down before the joint meetings of the World Bank and the International Monetary Fund (IMF) in Morocco in October.

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    ( With inputs from : www.theguardian.com )