Carbon Emissions

The shares of European truck manufacturers fell Thursday after the U.S. Environmental Protection Agency announced that it would begin efforts to reverse Biden's administration's vehicle emission rules. Analysts say that trucking fleet companies had expected to "pre-buy", trucks before the new rules came into effect, which would have driven up demand. This is unlikely to happen now. Pal Skirta, an analyst at Metzler, said that the market is likely to assume the tighter regulations are going to be reversed. This means there's no expectation of a surge in pre-purchases for the second half 2025-2026. Skirta stated that this was the...

The U.S. Environmental Protection Agency announced on Wednesday that it has begun efforts to reverse Biden's administration's vehicle emission rules, which would force automakers into building an increasing number of electric cars. This is just the latest of the Trump administration’s sweeping actions to undo prior efforts to encourage automakers to produce electric vehicles. The previous administration had rescinded a plan to have at least 50% new vehicles be EVs by 2030. The EPA The agency said that it would review its 2024 rules, which would reduce tailpipe emissions from passenger vehicles by almost 50% by 2032 as compared to...

According to sources familiar with the situation, the Trump administration plans to reverse pollution rules that reduce soot emission from U.S. power plants. This is a move to keep some of America's dirtiest coal-fired plants operating. Because they are small enough to enter the bloodstream, soot particles have a negative impact on health. The plan is in line with Trump's executive orders of January 20, which directed the Environmental Protection Agency (EPA) to review measures that affect energy reliability. They also declared a National Energy Emergency to increase government powers for boosting fossil fuels and electricity production. The White House...

Sources said that the Trump administration was considering canceling the lease for a support office of a well-known Hawaiian climate research station. This raises concerns for the future of important work tracking the impact on global warming of carbon emissions. Elon Musk's Department of Government Efficiency, which is led by billionaire Elon musk, has proposed that the leases of over 20 offices rented by U.S. National Oceanic and Atmospheric Administration be terminated in order to save money. On the DOGE's website, there is a listing for a NOAA office located in Hilo, Hawaii, and an estimate on how much money...

A nonprofit environmental group sued the U.S. Environmental Protection Agency on Saturday and Citibank, requesting billions of dollars to fund solar and other projects that have been frozen by the bank due to the Trump administration's cuts in federal spending. Climate United Fund claims that by freezing grant money approved by Joe Biden’s administration, "EPA has acted in order to prevent Citibank's disbursement of funds, harming Climate United and its borrowers as well as the communities they are serving." This is just one of many lawsuits filed by nonprofits, state attorneys general, and others to fight President Donald Trump's Republican...

A letter obtained by revealed that the United States had withdrawn from the U.N.'s board of hard-negotiated climate damages fund, which is dedicated to help poor and vulnerable countries cope with climate-change-fueled disasters. The withdrawal is just one of the many steps taken by the Trump administration to end U.S. climate change support. It comes as part of a wider pullback from multilateral initiatives by the richest nation in world. Since January 1, it has stopped the participation of U.S. climate scientists in global assessments, pulled out of funding deals that help countries reduce their coal use, as well as...

The Government Accountability Office stated on Thursday that the Biden administration’s approval of California’s landmark plan to stop the sale of gasoline only vehicles by 2035 does not require review or possible repeal by Congress. The U.S. Environmental Protection Agency, under President Donald Trump, sent the approval last month to Congress stating that it was correctly considered a regulation under the Congressional Review Act. The GAO stated that the decision is an order, and therefore not subject to review. Trump pledged as a candidate to revoke waivers granted to California by the EPA in accordance with the Clean Air Act,...

On Wednesday, two Trump nominees for the U.S. Environmental Protection Agency to lead its deregulatory effort faced questions from senators about the agency's plan to eliminate the basis of greenhouse gas emission regulations. The question is whether or not the agency will unwind its 2009 "endangerment findings", which paved the way for regulating greenhouse gas emissions under the U.S. Clean Air Act. This finding also formed the basis of numerous EPA climate regulations, such as those on power plants and vehicle exhaust fumes. According to two sources with knowledge of the situation, EPA Administrator Lee Zeldin recommended to the White...

Brazil will use its annual presidency of the United Nations global climate talks in order to push for multilateralism, and to respect science. COP30 President Designate Andre Aranha Correa do Lago stated this on Wednesday as a response to U.S. president Donald Trump regarding climate issues. Correa do Lago, the incoming leader for COP30, spoke at the U.N. General Assembly, New York. He stressed the importance of international collaboration during the summit of November in the Amazonian town of Belem. The address was delivered during a turbulent period of climate politics in the United States, as Trump pulled the country...

On Wednesday, two Trump nominees for the U.S. Environmental Protection Agency to lead its deregulatory effort are expected to be questioned by the Senate about the agency’s plans to eliminate the basis of greenhouse gas emission regulations. The question is whether or not the agency will unwind its 2009 "endangerment findings", which opened the door for regulating greenhouse gas emissions under the U.S. Clean Air Act. This finding also formed the basis of numerous EPA climate regulations, such as those on power plants and vehicle exhaust fumes. According to two sources with knowledge of the situation, EPA Administrator Lee Zeldin...

South Africa will take the G20 presidency in 2018, and President Cyril Ramaphosa has said that efforts to assist developing countries to finance their transition to a low carbon economy would be a priority, even though the United States is reducing its support. The administration of President Donald Trump, whose officials skipped the two Group of 20 meetings held in South Africa last week and this week, has reduced overseas aid programs, raising fears of a possible clean energy funding shortage. Ramaphosa, speaking at the G20 meeting of finance ministers and central banks in Cape Town on Wednesday, said that...

Some finance ministers did not attend a Group of 20 meeting in South Africa, while other high-ranking officials cut short their trips to the event marred by disagreements over climate change, debt, and inequality. It has never been easy to agree on a statement for a group that includes China and Russia, as well as the European Union, the United States, and other countries. The differences between the countries are more pronounced than ever before, and some of the finance ministers did not attend because they were preoccupied with their domestic politics. The finance ministers of many of G20's largest...

The French battery manufacturer Automotive Cells Company announced on Thursday that they welcomed the support of the European Union in the auto industry, but also expressed concern that the support would be too late. The European Commission released an action plan on Wednesday for the automotive industry to help them reach the target of zero carbon emissions for any cars or vans sold within the region by the year 2035. The money included 1.8 billion Euros ($1.94 billion), which was allocated to secure the supply chain for raw materials used in batteries. ACC, owned jointly by Stellantis Mercedes and TotalEnergies...

Stellantis, an automaker, said that it was pleased with the announcement by the European Commission on Tuesday. The Commission announced it would soften the carbon emission standards for cars in the EU. The Commission of the European Union, which is the executive body of the Union, has yielded to European automakers' pressure by announcing that it will give them three years instead only one to reach new CO2 emissions targets for their cars. After meeting with auto industry executives, unions, and campaign groups, European Commission President Ursula von der Leyen announced that she would instead propose compliance based upon the...

On Monday, the European Commission gave in to pressure from European carmakers and granted them an extra three years to reach CO2 emissions targets for 2025. Ursula von der Leyen, President of the Commission, told a press conference that the EU executive will make a proposal this month to allow for compliance over three years rather than just one. To meet the targets, European automakers must sell more electric cars. They lag behind their Chinese and U.S. competitors in this segment. "The goals remain the same." "They have to meet the targets but it means that more breathing room for...

Stellantis, a carmaker, announced on Monday that it had nominated Daniel Ramot, Alice Schroeder, and proposed the reelection of five other board members. The mandates of seven executives are coming to an end. Ramot, an Israeli-American, is the co-founder and CEO at Via, a global company that specializes in transportation technology. Schroeder, a former managing Director of Morgan Stanley, currently serves on the board of HSBC North America. The company stated that "the board believes Schroeder’s deep expertise in strategic leadership and financial oversight, coupled with Ramot’s extensive experience in research and technology, will provide highly valued insights and strengthen...

The U.S. Environmental Protection Agency announced on Wednesday that it had submitted to Congress, for review and possible repeal, the Biden Administration's approval of California’s landmark plan to stop the sale of gasoline only vehicles by 2035. The new Trump administration's decision gives the Republican-led Congress a shot at repealing the Biden decision that granted California a Clean Air Act waiver for its program in accordance with the Congressional Review Act. Donald Trump, as a presidential candidate, promised to revoke approvals given by the EPA for California to require more EVs. He also pledged to tighten vehicle emission standards. These...

French automaker Renault is devoted to complying With tighter EU guidelines on CO2 emissions this year, it stated believes automakers pooling their emissions could compromise the European cars and truck industry. The EU substantially decreased its cap on automotive carbon dioxide emissions from Jan. 1, meaning at least one-fifth of all sales by the majority of cars and truck companies need to be EVs to prevent heavy fines. Business with lower electrical automobile sales can swimming pool their emissions with section leaders, nevertheless buying emissions credits from other makers to decrease their general averages and save them numerous countless euros...

The U.S. Environmental Defense Company said on Wednesday it has actually approved California's. landmark plan to end the sale of gasolineonly vehicles by 2035. The choice in the last weeks of President Joe Biden's. administration establishes a battle over the future of California's. lorry regulations. President-elect Donald Trump has sworn to. rescind approvals granted by the EPA to California to need. more EVs and tighter car emissions standards. EPA Administrator Michael Regan granted a waiver under the. Clean Air Act to California to implement its plan to need. that by 2035 a minimum of 80% of new automobiles sold be...

Targets deemed impractical or destructive by some board members triggered the sudden fall of Stellantis CEO Carlos Tavares simply a month after he received their full support, 2 individuals with knowledge of the matter told Reuters. Unhappy with his aggressive targets for sales and expense cuts and his controversial transactions with the huge car manufacturer's. suppliers, dealerships and unions, the board unanimously wanted. Tavares to go, the sources stated. Something broke in November, one of the sources said. Tavares resigned on Sunday, leading to a selloff of. shares in the world's fourth-biggest car manufacturer, which owns. brand names including Jeep,...

The U.S. Energy Department said Monday it is planning to loan up to $7.54 billion to a. joint venture of Chrysler parent Stellantis and. Samsung SDI to assist develop 2 electrical automobile. lithiumion battery plants in Indiana. The conditional dedication award must still be finalized and. includes $6.85 billion in principal and $688 million in. capitalized interest for the StarPlus Energy joint venture. The venture will build batteries in Kokomo, Indiana, for. Stellantis electrical automobiles and at complete capacity will produce. about 67 GWh of batteries, enough to provide around. 670,000 automobiles each year, the Energy Department said. It is...

A Dutch court will choose on Tuesday whether to uphold a landmark environment judgment against Shell, which in 2021 ordered the oil and gas business to greatly lower greenhouse gas emissions. The judgment by The Hague district court purchased Shell to cut its absolute carbon emissions by 45% by 2030 compared to 2019 levels, including those caused by the use of its items. The appeals court in The Hague can either uphold or dismiss the entire ruling, or it can customize it, for instance by omitting emissions triggered by Shell's customers. The judgment comes as the COP29 climate summit occurs...

A Dutch court will decide on Tuesday whether to support a landmark climate ruling against Shell, which in 2021 bought the oil and gas business to sharply reduce greenhouse gas emissions. The judgment by The Hague district court purchased Shell to cut its absolute carbon emissions by 45% by 2030 compared to 2019 levels, consisting of those brought on by the use of its products. The appeals court in The Hague can either uphold or dismiss the whole ruling, or it can modify it, for example by excluding emissions triggered by Shell's consumers. The judgment comes as the COP29 climate...

Europe's automobiles industry might face fines of 15 billion euros ($ 17.4 billion) for carbon emissions due to slowing demand for electric lorries, Renault CEO Luca de Meo stated on Saturday. Car manufacturers deal with harder EU CO2 targets in 2025 as the cap on typical emissions from new lorries sales is up to 94 grams/km from 116 g/km in 2024. If electrical vehicles remain at today's level, the European industry might have to pay 15 billion euros in fines or give up the production of more than 2.5 million cars, de Meo informed France Inter radio. The speed of...