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Governors' Wind Energy Coalition

October 6, 2021

Top Story

Fossil fuel industry gets subsidies of $11m a minute, IMF finds

By Damian Carrington, The Guardian  •    •  Posted 2021-10-06 15:42:06

The fossil fuel industry benefits from subsidies of $11m every minute, according to analysis by the International Monetary Fund. The IMF found the production and burning of coal, oil and gas was subsidised by $5.9tn in 2020, with not a single country pricing all its fuels sufficiently to reflect their full supply and environmental costs. Experts said the subsidies were “adding fuel to the fire” of the climate crisis, at a time when rapid reductions in carbon emissions were urgently needed. [ read more … ]

CEPP

Experts Cite Key Role For EPA GHG Rules Despite Hill Power Sector Plans

By Doug Obey, InsideEPA  •    •  Posted 2021-10-06 15:43:30

EPA planned greenhouse gas standards could play a major role in curbing power sector emissions even if Congress approves a proposed clean electricity performance program (CEPP), observers say, because the agency’s rules would create enforceable limits and likely accelerate a phase out of coal plants. But the extent of future climate and environmental benefits from such rules could depend on the design of both the regulation and the legislation, including whether a CEPP would offer partial credits for natural gas-fired generation that could also advantage such plants over coal facilities. [ read more … ]

Reconciliation Bill

Dems fear chopping block for EJ, lead pipes, climate corps

By Geof Koss, Nick Sobczyk, Emma Dumain, E&E News  •    •  Posted 2021-10-06 15:42:27

When congressional Democrats and the Biden administration launched their multitrillion-dollar infrastructure push earlier this year, support grew quickly on Capitol Hill for the creation of a new Civilian Climate Corps. Modeled after the New Deal-era Civilian Conservation Corps, the green jobs placement and training program was widely embraced on both sides of the Capitol by Democrats of all political stripes, as well as President Biden. But despite its popularity, funding for the CCC and other programs remains an open question in the delicate reconciliation push. [ read more … ]

Biden Scales Back His Agenda in Hopes of Bringing Moderates Onboard

By Jim Tankersley and Emily Cochrane, New York Times  •    •  Posted 2021-10-06 15:42:43

President Biden and Democratic leaders in Congress in recent days have slashed their ambitions for a major expansion of America’s social safety net to a package worth $2.3 trillion or less, which will force hard choices about how to scale back a proposal that the president hopes will be transformational. The figure is substantially less than Mr. Biden’s earlier plan, which called for $3.5 trillion in new spending and tax cuts to spur a generational expansion of government in Americans’ lives, including efforts to fight climate change and child poverty, increase access to education and help American companies compete with China. [ read more … ]

 

Note: News clips provided do not necessarily reflect the views of coalition or its member governors.