Sticking by that emissions pledge, which Biden made in April, is widely seen as an important step toward forging global agreement at the U.N. Climate Change Conference in Glasgow, Scotland, next month.
by the fossil fuel industry and potentially at risk of getting axed: charging a fee for methane — a powerful greenhouse gas — leaked into the atmosphere by natural gas and oil producers.
The loss of the CEPP is a major blow to Biden’s climate ambitions, but the most effective ways of making up the difference would charge fossil fuel corporations for the social costs of climate pollution, and those face the same political challenges. Over the weekend, there was a brief burst of speculation that a carbon tax might replace the clean power program, and Smith mentioned the possibility to CNN on Monday.
to combat climate change, though. Federal agencies have a lot of power to regulate pollution and affect energy production. The Biden administration already has made several moves to curb greenhouse gas emissions under the president’s existing legal authority, including a new rule restricting the use of hydrofluorocarbons, also known as HFCs, a group of refrigerants that have a powerful warming effect, as well as opening up large swaths of ocean to offshore wind energy production.
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