Connect with us

Published

on

Republican presidential nominee, former U.S. President Donald Trump, listens to a question as he visits Chez What Furniture Store which was damaged during Hurricane Helene on September 30, 2024 in Valdosta, Georgia.

Michael M. Santiago | Getty Images News | Getty Images

Donald Trump’s election victory on Wednesday sparked a palpable sense of dismay among the climate community, with two key architects of the landmark Paris Agreement warning that the result will stall global efforts to protect the environment.

Trump will defeat his Democratic rival Kamala Harris and return to the White House for a second four-year term, according to an NBC News projection.

It marks a historic and somewhat improbable comeback for one of the most polarizing figures in modern American politics.

The 78-year-old, who has called the climate crisis “one of the great scams,” has pledged to ramp-up fossil fuel production, pare back outgoing President Joe Biden’s emissions-limiting regulations and pull the country out of the Paris climate accord — again.

The 2015 Paris Agreement is a critically important framework designed to reduce planet-heating greenhouse gas emissions. It aims to “limit global warming to well below 2, preferably to 1.5 degrees Celsius, compared to pre-industrial levels” over the long term.

Laurence Tubiana, a key architect of the Paris Agreement, said Trump’s election victory “is a setback for global climate action, but the Paris Agreement has proven resilient and is stronger than any single country’s policies.”

Tubiana, a French economist and diplomat who now serves as CEO of the European Climate Foundation, said the context today is “very different” to Trump’s first election victory in 2016.

French Economist Dr. Laurence Tubiana speaks during an event ‘G-20 Event: New Challenges in International Taxation’ at the annual meetings of the International Monetary Fund (IMF) and World Bank in Washington DC, United States on April 17, 2024.

Anadolu | Anadolu | Getty Images

“There is powerful economic momentum behind the global transition, which the US has led and gained from, but now risks forfeiting. The devastating toll of recent hurricanes was a grim reminder that all Americans are affected by worsening climate change,” Tubiana said.

“Responding to the demands of their citizens, cities and states across the US are taking bold action,” she added.

“Europe now has the responsibility and opportunity to step up and lead. By pushing forward with a fair and balanced transition, in close partnership with others, it can show that ambitious climate action protects people, strengthens economies, and builds resilience.”

‘An antidote to doom and despair’

Separately, Christiana Figueres, the former United Nations climate chief who oversaw the 2015 Paris summit, said the U.S. election result will be regarded as a “major blow to global climate action.”

However, Figueres said “it cannot and will not halt the changes underway to decarbonise the economy and meet the goals of the Paris Agreement.”

“Standing with oil and gas is the same as falling behind in a fast moving world,” she continued, predicting that clean energy technologies would continue to outcompete fossil fuels over the coming years.

Dame Christiana Figueres, Chair, The Earthshot Prize speaks at the Earthshot Prize Innovation Summit in partnership with Bloomberg Philanthropies on September 24, 2024 in New York City.

Bryan Bedder | Getty Images Entertainment | Getty Images

“Meanwhile, the vital work happening in communities everywhere to regenerate our planet and societies will continue, imbued with a new, even more determined spirit today,” Figueres said.

“Being here in South Africa for the Earthshot Prize makes clear that there is an antidote to doom and despair. It’s action on the ground, and it’s happening in all corners of the Earth.”

Continue Reading

Environment

U.S. crude oil falls below $60 a barrel to lowest since 2021 on tariff-fueled recession fears

Published

on

By

U.S. crude oil falls below  a barrel to lowest since 2021 on tariff-fueled recession fears

A view shows disused oil pump jacks at the Airankol oil field operated by Caspiy Neft in the Atyrau Region, Kazakhstan April 2, 2025. 

Pavel Mikheyev | Reuters

U.S. oil prices dropped below $60 a barrel on Sunday on fears President Donald Trump’s global tariffs would push the U.S., and maybe the world, into a recession.

Futures tied to U.S. West Texas intermediate crude fell more than 3% to $59.74 on Sunday night. The move comes after back-to-back 6% declines last week. WTI is now at the lowest since April 2021.

Worries are mounting that tariffs could lead to higher prices for businesses, which could lead to a slowdown in economic activity that would ultimately hurt demand for oil.

Stock Chart IconStock chart icon

hide content

Oil futures, 5 years

The tariffs, which are set to take effect this week, “would likely push the U.S. and possibly global economy into recession this year,” according to JPMorgan. The firm on Thursday raised its odds of a recession this year to 60% following the tariff rollout, up from 40%.

Continue Reading

Environment

What EV sales slump? Illinois’ EV sales outpace the nation by 4:1

Published

on

By

What EV sales slump? Illinois' EV sales outpace the nation by 4:1

Fueled by incentives from the Illinois EPA and the state’s largest utility company, new EV registrations nearly quadrupled the 12% first-quarter increase in EV registrations nationally – and there are no signs the state is slowing down.

Despite the dramatic slowdown of Tesla’s US deliveries, sales of electric vehicles overall have perked up in recent months, with Illinois’ EV adoption rate well above the Q1 uptick nationally. Crain’s Chicago Business reports that the number of new EVs registered across the state totaled 9,821 January through March, compared with “just” 6,535 EVs registered in the state during the same period in 2024.

Those numbers represent more than 50% growth in EV registrations – far beyond the expected 12% first-quarter increase nationally being projected by Cox Automotive. (!)

What’s going on in Illinois?

File:Illinois Governor J. B. Pritzker (33167937268).jpg
Illinois Governor JB Pritzker at the Chicago Auto Show; by Ray Cunningham.

While President Trump and Elmo were running for re-election, they campaigned on the threat promise of canceling the $7,500 federal tax credit for EVs. Along with California Governor Gavin Newsom, Illinois’ Governor JB Pritzker made countermoves – launching a $4,000 rebate for new electric cars and up to $1,500 for the purchase of a new electric motorcycle.

Advertisement – scroll for more content

At the same time, the state’s largest utility, ComEd, launched a $90 million EV incentive program featuring a new Point of Purchase initiative to deliver instant discounts to qualifying business and public sector customers who make the switch to electric vehicles. That program has driven a surge in Class 3-6 medium duty commercial EVs, which are eligible fro $20-30,000 in utility rebates on top of federal tax credits and other incentives (Class 1-2 EVs are eligible for up to $7,500).

We covered the launch of those incentives when the program was announced at Chicago Drives Electric last year, but the message here is simple: incentives work.

SOURCES: Chicago Business, Ray Cunningham; featured image by the author.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Environment

XCMG launches XE215EV battery swap electric excavator ahead of bauma

Published

on

By

XCMG launches XE215EV battery swap electric excavator ahead of bauma

The electric construction equipment experts at XCMG just released a new, 25 ton electric crawler excavator ahead of bauma 2025 – and they have their eye on the global urban construction, mine operations, and logistical material handling markets.

Powered by a high-capacity 400 kWh lithium iron phosphate battery capable of delivering up to 8 hours of continuous operation, the XE215EV electric excavator promises uninterrupted operation at a lower cost of ownership and with even less downtime than its diesel counterparts.

XCMG is delivering on part of that reduced downtime promise with the lower maintenance and easier repair needs of electric equipment, and delivering on the rest of it with lickety-quick DC fast charging that can recharge the machine’s massive battery in 1.5-2 hours … but that’s not the slick bit. The XCMG XE125EV can be powered up without leaving the job site thanks to its BYD battery swap technology.

We first covered XCMG and its battery swap technology back in January, and covered similar battery-swap tech being developed by MOOG Construction offshoot ZQUIP, as well – but while XCMG’s battery tech has been in production for several years, it’s still not widely known about in the West (even within the industry).

Advertisement – scroll for more content

XCMG showed off its latest electric equipment at the December 2024 bauma China, including an updated version of its of its 85-ton autonomous electric mining truck that features a fully cab-less design – meaning there isn’t even a place for an operator to sit, let alone operate. And that’s too bad, because what operator wouldn’t want to experience an electric truck putting down 1070 hp more than 16,000 lb-ft of torque!?

Easy in, easy out

XCMG battery swap crane; via Etrucks New Zealand.

The best part? All of the company’s heavy equipment assets – from excavators to terminal tractors to dump trucks and wheel loaders – all use the same 400 kWh BYD battery packs, Milwaukee tool style. That means an equipment fleet can utilize x number of vehicles with a fraction of the total battery capacity and material needs of other asset brands. That’s not just a smart use of limited materials, it’s a smarter use of energy.

You can check out all the XE215EV’s specs at this tear sheet, and get an in-person look at the Chinese company’s latest electric excavator this week in Munich, Germany.

SOURCE | IMAGES: XCMG.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Trending