Connect with us

Published

on

What a difference an administration makes! Almost 200 countries ratified the Paris climate accord at COP21 in 2015, agreeing to limit the planet’s temperature increase to well below 2 degrees Celsius above pre-industrial levels and to pursue efforts to limit the temperature increase to 1.5°C. Afterward, President Donald Trump withdrew from the Paris agreement. On Friday, US President Joe Biden hosted a virtual climate summit titled the “Virtual Meeting of the Major Major Economies Forum on Energy and Climate.”

Biden spoke about the “urgency of this moment” and the need for a collective “plan to contribute to the climate ambition the world so urgently needs.”

The Power of Story to Make the Climate Crisis Relevant

Former President Donald Trump denied that the climate crisis was a reality, attacked the value of clean energy, and fired scientists in federal departments in favor of installing political friends. Taking a completely different approach, President Biden has acknowledged scientific consensus that the climate crisis poses an existential threat and implored leaders during Friday’s climate summit to take action.

During opening remarks, the President affirmed his promise that the US “would return immediately to the world stage and address the climate crisis.” With some of the most powerful economic forces in the world surrounding him, Biden expressed hope in a “silver lining” — one that would restrict global temperatures from rising to catastrophic levels through “real and incredible economic opportunities to create jobs and lift up the standard of living of people around the world.” The public opening to the Forum was a counterpoint to the otherwise private talks.

Always forthright, Biden told his audience that countries representing the Major Economies Forum account for 80% of global emissions.

The backdrop stage set was specially designed with virtual solar panel arrays as the global leaders were visible on thumbnail screens. Biden called upon the power of story and described the “damage and destruction” in the US and the destructive flooding in Europe. He zoomed in on the experience of seeing California firefighters battling powerful, widespread, and deadly wildfires more than ever before due to rising temperatures and unrelenting drought. He spoke how natural disasters like numerous hurricanes have wreaked havoc on US regions from the Gulf Coast to the Northeast.

Pledges to Do More to Mitigate the Effects of the Climate Crisis

The Biden administration has pledged to cut emissions 50% to 52% below 2005 levels by 2030 and is working to pass historic investments — to modernize what can become a more climate-resilient infrastructure and to build a clean energy future. In doing so, the administration hopes to create millions of jobs and usher in new industries of the future.

To reach such levels, Biden said the US would:

  • have a power sector free of carbon by 2035;
  • sell 50% of total cars as electric by 2050;
  • align efforts with the work of forums like Clean Energy Ministerial and Mission Innovation (which the US will chair next year);
  • focus on ocean initiatives in advance of the Our Ocean Conference in February;
  • convene a leaders-level gathering to take stock of the collective progress the countries in attendance make; and,
  • work with the European Union and other partners to launch a Global Methane Pledge to reduce global methane emissions by at least 30% below 2020 levels by 2030.

Specifically, Biden’s prodding at the Forum for participants to join a global pledge of cutting methane (aka “natural gas”) was deconstructed recently by CleanTechnica‘s Joe Wachunas. “Burning methane is currently responsible for nearly 25% of all carbon emissions in the US, and its use is growing,” Wachunas began. “Methane is also deeply embedded in many of our homes, and this will make it a challenge to extricate. We aren’t anywhere near hitting peak natural gas usage on our current trajectory.”

Methane is one of the most potent agents of climate damage, bursting by the ton from countless uncapped oil and gas rigs, leaky natural gas pipelines, and other oil and gas facilities. Although methane has a shorter lifetime in the atmosphere than carbon dioxide, it is, per unit, more than 20× as potent at warming the planet. During the Forum, Biden pointed to US efforts to plug leaks and cap abandoned wells as “big steps domestically to tackle these emissions.”

“Swift & Bold Action” Necessary beyond the Collegiality of the Climate Summit

It will take substantive effort to push through legislation to put into place the types of emissions levels that Biden outlined. China and India aren’t any better than the US, either, having yet to announce their new targets.

An area of contention at the Forum was pressure for the largest economies to assist less wealthy countries to transition to cleaner energy and to make sense of the changes to their countries that the climate crisis has created. In April, the Biden administration pledged to deliver $5.7 billion annually to these countries by 2024. During today’s Forum, Biden increased that amount by pointing to a “collective goal of mobilizing $100 billion a year.”

During a letter sent earlier this month to the climate summit’s invited guests, Biden offered the opportunity for “a focused, private discussion” to address the “profound generational challenge” posed by the climate crisis. Not to be deterred by the enormous task, Biden affirmed that the world’s largest economies possessed an “extraordinary opportunity to create a more prosperous and sustainable economy benefitting all.” Ever the negotiator and compromiser, Biden used the imperative of strengthening climate efforts so that action might be “swift and bold enough” to make a lasting impact that would “benefit […] both present and future generations.”

The invitation to Argentinian President Fernandez was posted on that country’s website.

Final Thoughts about the Climate Summit & What’s Ahead

From October 31 to November 1, the United Nations conference in Glasgow — the COP26 summit — will bring parties together to accelerate action towards the goals of the Paris Agreement and the UN Framework Convention on Climate Change. Nearly 200 nations are expected to announce more ambitious emissions-cutting targets than they had previously set in order to keep the world from overheating.

“Glasgow,” President Biden told his audience at the Forum, “is not our final destination.” Instead, countries around the world must “continue strengthening our ambition and our actions next year and throughout the decisive decade to keep us at one point — below 1.5 degrees and to keep that within reach.”

Participants at Friday’s climate summit included:

President Alberto Fernandez, Argentine Republic
Prime Minister Scott Morrison, Commonwealth of Australia
Prime Minister Sheikh Hasina, People’s Republic of Bangladesh
President Ursula von der Leyen, European Commission
President Charles Michel, European Council
President Joko Widodo, Republic of Indonesia
Prime Minister Mario Draghi, Italian Republic
Prime Minister Yoshihide Suga, Japan
President Moon Jae-in, Republic of Korea
President Andrés Manuel López Obrador, United Mexican States
Prime Minister Boris Johnson, United Kingdom of Great Britain and Northern Ireland
Secretary-General António Guterres, United Nations
Special Envoy of the President and China Special Envoy for Climate Change Xie Zhenhua, People’s Republic of China
Parliamentary State Secretary at the Ministry for Environment, Nature Conservation and Nuclear Safety Rita Schwarzelühr-Sutter, Federal Republic of Germany
Union Cabinet Minister of Labour and Employment, Environment, Forest and Climate Change Bhupender Yadav, India
Special Presidential Envoy for Climate Change Ruslan Edelgeriyev, Russian Federation

Image screenshot taken from YouTube during Presidential welcome remarks

 

Appreciate CleanTechnica’s originality? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.

 

 


Advertisement



 


Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Continue Reading

Environment

Cybertruck backlog runs out, Model S gets stuck, GM hits a sales milestone

Published

on

By

Cybertruck backlog runs out, Model S gets stuck, GM hits a sales milestone

On today’s episode of Quick Charge, Tesla’s Cybertruck is now available in Canada – and, like in the US, there’s no waiting! Plus, we’ve got an “actually” smart summon Tesla that’s actually stuck, GM reaches a sales milestone, and we get a brand-new title sponsor!

Today’s episode is the first with our new title sponsor, BLUETTI – a leading provider of portable power stations, solar generators, and energy storage systems.

Prefer listening to your podcasts? Audio-only versions of Quick Charge are now available on Apple PodcastsSpotifyTuneIn, and our RSS feed for Overcast and other podcast players.

New episodes of Quick Charge are recorded, usually, Monday through Thursday (and sometimes Sunday). We’ll be posting bonusLucid proves than an EV company can keep its promises while Xiaomi teams up with Chevrolet and Honda to prove – at least conceptually – that records are made to be broken. audio content from time to time as well, so be sure to follow and subscribe so you don’t miss a minute of Electrek’s high-voltage daily news!

Got news? Let us know!
Drop us a line at tips@electrek.co. You can also rate us on Apple Podcasts and Spotify, or recommend us in Overcast to help more people discover the show!

Read more: Renewables now make up 30% of US utility-scale generating capacity

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

Continue Reading

Environment

This ‘supercharger on wheels’ brings fast charging to you [update]

Published

on

By

This 'supercharger on wheels' brings fast charging to you [update]

Mobile car care company Yoshi Mobility launched a DC fast charging EV mobile unit that it likens to “a supercharger on wheels.”

November 4, 2024 update: Yoshi Mobility will only be charging EVs on the side of the road now – it announced today that it’s selling its fleet fueling operation to EZFill Holdings (Nasdaq: EZFL).

It was originally founded as a direct-to-consumer, mobile fueling business in 2016, but now it’s going to focus on mobile EV charging, virtual vehicle inspections for partners like Uber and Turo, and onsite preventative maintenance.

Bryan Frist, Yoshi Mobility’s CEO & cofounder, said, “By spinning off our fuel business and focusing all of our energy on solving hair-on-fire problems that fleet owners face, we are meeting the changing needs of enterprise customers while making the future of transportation safer, cleaner, and more sustainable.”


May 22, 2024: Yoshi Mobility saw that its existing customers needed mobile EV charging in places where infrastructure has yet to be installed, so the Nashville-based company decided to bring the mountain to Moses.

“We recognized a demand among our customers for convenient daily charging, reliable private charging networks, and proper charging infrastructure to support their fleet vehicles as they transition to electric,” said Dan Hunter, Yoshi Mobility’s chief EV officer and cofounder.

The company says its 240 kW mobile DC fast charger, which can turn “any EV” into a mobile charging unit, is the first fully electric mobile charger available. It can provide multiple charges in a single trip but doesn’t detail how they charge the DC fast charger or who manufactured it. (I asked for more details, and they replied that they won’t disclose client names or the manufacturer of its DC fast charger yet.)

Yoshi is launching its mobile charger on two GM BrightDrop Zevo 600s and will introduce additional vehicles throughout 2024. It aims for full commercialization by Q1 2025. (I wonder if the Zevo 600 ever charges itself? Yes, I asked that too.)

Yoshi Mobility says it’s already deployed its EV charging solutions to service “major OEMs, autonomous vehicle companies, and rideshare operators” across the US. Its initial customers are made up of large EV operators managing “hundreds” of light-duty vehicles requiring up to 1 megawatt of energy per day that don’t yet have grid-connected EV chargers. I’ve asked Yoshi for details of who it’s working with, and will update if they share that info.

The company says pricing is based on location and enterprise charging needs. Once under contract for service, the service will be deployed to US-based customers within 10 days.

To date, Yoshi Mobility has raised more than $60 million, with investments from GM Ventures, Bridgestone, ExxonMobil, and Y-Combinator in Silicon Valley.

Read more: Mercedes-Benz just opened more DC fast chargers at Buc-ee’s in Texas


If you’re an electric vehicle owner, charge up your car at home with rooftop solar panels. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing on solar, check out EnergySage, a free service that makes it easy for you to go solar. They have hundreds of pre-vetted solar installers competing for your business, ensuring you get high quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use and you won’t get sales calls until you select an installer and share your phone number with them. 

Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisers to help you every step of the way. Get started here. –ad*

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

Continue Reading

Environment

Marqeta shares plunge more than 30% on big forecast miss

Published

on

By

Marqeta shares plunge more than 30% on big forecast miss

Marqeta celebrates its initial public offering at the Nasdaq on June 9, 2021.

Source: The Nasdaq

Marqeta shares tumbled more than 30% in extended trading on Monday after the company issued weaker-than-expected guidance for the fourth quarter.

Here’s how the company did compared with Wall Street estimates, based on a survey of analysts by LSEG:

  • Loss per share: 6 cents adjusted vs. a loss of 5 cents expected
  • Revenue: $128 million vs. $128.1 million expected

While third-quarter results showed a slight disappointment on the top and bottom lines, Marqeta’s forecast for the current period was more concerning.

The payment processing firm said revenue in the fourth quarter will increase 10% to 12% from a year earlier. Analysts were looking for growth of more than 17%, according to LSEG.

Marqeta, which primarily functions as a card-issuing platform, attributed the guidance miss to “heightened scrutiny of the banking environment and specific customer program changes.” The company has been struggling for a while, and its stock is now down more than 80% from its peak in 2021, the year it went public. The stock was down 15% for the year prior to the report.

Total processing volume of $74 billion was up more than 30% from a year earlier. Net revenue and gross profit were up 18% and 24%, respectively.

Marqeta’s digital commerce business sells payment technology designed to detect potential fraud and ensure that money is properly routed. It also issues customized physical cards that look like a credit or debit card that can be used for point-of-sale purchases.

The company has been trying to break into the buy now, pay later business with a recently launched product called Marqeta Flex. The service brings BNPL from lenders such as Affirm or Klarna to any credit card wherever Mastercard and Visa are accepted.

“It’s an orchestration layer, but it’s tied to issuing and processing and disputes and chargebacks,” CEO Simon Khalaf told CNBC at Money2020 in Las Vegas last week. “So it is not actually a Wild West in BNPL. It is actually very well established. And there is a reason why a lot of people are jumping to it.”

Don’t miss these insights from CNBC PRO

Marqeta CEO on Q2 earnings, consumer trends and the end of cash

Continue Reading

Trending