Biden Pledges Half of New Car Sales to be Zero Emission by 2030
In a significant shift towards cleaner energy, President Joe Biden is set to sign an executive order pledging half of new car sales to be zero emission by the end of the decade. This comes as a federal court rules against the Federal Energy Regulatory Commission for not fully considering environmental impacts in approving LNG export terminals. Meanwhile, Congressional Democrats are exploring a bill that could tax major emitters and bring in up to $500 billion.
The executive order, to be signed today, aims to boost the production and adoption of electric vehicles (EVs). Major automakers, including General Motors, Ford, and Stellantis NV, have pledged to make nearly half of their sales electric by 2030. They will join Joe Biden in signing the order, demonstrating a united front for cleaner transportation.
In a separate development, a federal court has found the Federal Energy Regulatory Commission (FERC) lacking in its consideration of environmental justice and climate impacts when approving two LNG export terminals and their associated pipelines. This ruling could have significant implications for future energy projects.
On Capitol Hill, Democrats are considering a bill that would identify and tax the country's biggest emitters from 2000 to 2019. This could potentially generate up to $500 billion in revenue.
Joe Biden's executive order marks a significant step towards his goal of a net-zero emissions economy by 2050. The FERC ruling and the proposed emissions tax bill indicate a growing focus on environmental justice and accountability. Meanwhile, BP's plans for a large-scale solar project in Louisiana and the New York state agency's support for low-income community solar subscribers show progress in renewable energy adoption.
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