Climate 411

Minnesotans are ready for state lawmakers to take bold climate action

By Alex DeGolia / Published: December 8, 2022

Minnesotan Lakeshore

After the November election, Minnesota policymakers are now in the best position than they have ever been to take critical steps to put in place policies necessary to tackle climate change. In doing so, they have the opportunity to create good paying jobs, protect communities from harmful air pollution, and secure a safer future for all Minnesotans.

A recent poll, commissioned by EDF Action and conducted by Global Strategy Group, found broad support among majorities of Minnesotans for ambitious climate policies – including those that limit carbon pollution, encourage more use of clean energy, and reduce pollution from specific sectors such as transportation and agriculture. Majorities of Minnesota voters also want the Governor and state lawmakers to do more to support these and other climate policies.

As Minnesota lawmakers prepare for the upcoming legislative session in January, the results of this poll underscore how popular climate action is among the state’s voters. Here are five key polling results:

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Posted in Agriculture, Carbon Markets, Cities and states, Innovation, Policy / Comments are closed

Banking Regulators Take Critical Steps to Account for Climate-Related Financial Risks

By Stephanie Jones / Published: November 30, 2022

(This piece was co-authored by Bridget Pals at NYU Law School’s Institute for Policy Integrity. It is also posted on the Institute for Policy Integrity’s website)

This fall, following a summer when climate change fueled catastrophic heat waves, droughts, floods, and fires, key U.S. authorities acknowledged the urgent need to act on climate risks to the banking system. Recent actions and remarks are beginning to shed light on what the next wave of policies to address these risks might entail. They’re likely to look a lot like many other, existing financial risk regulations.

The heads of the Office of the Comptroller of the Currency (OCC) and Federal Deposit Insurance Corporation (FDIC) both delivered remarks highlighting actions their agencies have already taken to address climate-related banking risks and identifying additional steps they will take. Michael Barr, the Vice Chair for Supervision of the Federal Reserve (Fed), similarly stated that climate-related financial risks implicate the Fed’s “supervisory responsibilities and [its] role in promoting a safe and stable financial system,” so the Fed plans to issue guidance in coordination with fellow financial regulators and conduct scenario analyses.

The officials’ recent statements build on earlier actions by the OCC and FDIC, which both issued draft principles in the last year on how banks should manage climate risk to meet safety and soundness expectations. The Institute for Policy Integrity and Environmental Defense Fund submitted joint comments supporting both guidance documents as important steps toward addressing the risks that climate change poses to the structural integrity of our financial system.

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Posted in News / Comments are closed

Good for the planet: At COP27, Lula da Silva positioned Brazil to be a climate leader

By Steve Schwartzman / Published: November 21, 2022
Lula da Silva at COP27

Brazilian President-elect Luiz Inácio Lula da Silva meets with Indigenous leaders at COP27 in Sharm El-Sheikh, Egypt on November 17, 2022. Photo by COICA Communications.

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“Brazil is back,” said President-elect Luiz Inacio Lula da Silva in his Nov. 16 address to COP27 in Sharm El-Sheikh Egypt. But it’s a Brazil far more attuned to climate change, Amazon deforestation and Indigenous peoples’ rights than the one Lula assumed responsibility for when he first became president in 2003.

During his speech, Lula promised zero deforestation in Brazil by 2030, a first-ever Ministry for Indigenous Peoples, and crackdowns on the environmental crime that has run rampant under the Jair Bolsonaro government. He also talked about a return to the “civilizing values” championed by his former Environment Minister and now congresswoman-elect, Marina Silva.

These announcements were all met with great enthusiasm by Lula’s audience in Sharm El-Sheikh, where climate negotiators, civil society, businesses and others with a stake in the climate fight convened over the last two weeks.

The prospect of Brazil’s return to leadership in the international climate negotiations – and the promise of effective action to combat climate change – are both very important developments in the climate movement. Read More »

Posted in Brazil, Forest protection, Indigenous People, United Nations / Comments are closed

One year later: What’s next for the bipartisan infrastructure law’s historic investments in new climate tech?

By Chandler Green / Published: November 15, 2022

A year ago, President Biden signed the bipartisan Infrastructure Investment and Jobs Act into law, the largest investment in infrastructure since the New Deal.

Among the many key climate investments included, the infrastructure law put a long-awaited down payment on several new and promising climate solutions including carbon dioxide removal, hydrogen, long-term energy storage and technologies to support clean industry.

We spoke with Natasha Vidangos, Senior Director for Climate Innovation and Technology at Environmental Defense Fund, about what’s next for these investments and how they can help us tackle the climate crisis.

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Posted in Greenhouse Gas Emissions, Innovation, News / Comments are closed

Forests have grabbed a prominent spot at COP27. Here are some highlights.

By Breanna Lujan / Published: November 10, 2022

Slogan at COP27. Source: Flickr

With COP27 now in full gear, we have plenty to be excited about when it comes to forest conservation. Last year’s climate convening in Glasgow put nature at the center of the climate agenda. We celebrated the declaration signed by more than 100 countries in Glasgow to end and reverse deforestation by 2030. The funding promises of almost $20 billion toward forest conservation were equally groundbreaking.

Despite those milestones, in the year since COP26 , the deforestation crisis has actually worsened . Deforestation in the Amazon, for example, increased by 48% over 2021. Yet there is hope.

Countries and companies are realizing the importance of conserving rainforests at scale. Commitments to end deforestation, along with promises to fund and compensate forest conservation, are growing. We’re also seeing more robust standards for emissions reductions credits from natural climate solutions, including forests.

This all bodes well, and COP27 is an opportunity to keep the momentum going on ending deforestation. So, what can we expect in Sharm El-Sheikh when it comes to conserving forests? Here’s a quick overview of the first three days’ action on forests, why they’re important, and what we expect to see over the rest of the conference. Read More »

Posted in Brazil, Carbon Markets, Forest protection, Indigenous People, International, REDD+, United Nations / Comments are closed

Indigenous Peoples Need a Seat at the Climate Table. Here’s Why.

By Guest Author / Published: November 9, 2022

This post was authored by Santiago Garcia, Indigenous Peoples and Local Communities Partnerships Manager for Natural Climate Solutions at Environmental Defense Fund.

Santiago Garcia (right) with Tuntiak Katan (Vice Coordinator at COICA) in Ecuador. Source: Leslie Von Pless, EDF.

This week, representatives of 190 nations, including 90 heads of state, began gathering at COP27 in Sharm el-Sheikh, Egypt, to discuss and negotiate solutions for our warming planet.

As important as these movers and shakers are, there’s another esteemed group of climate ambassadors who also deserve a seat at the international climate table: the Indigenous Peoples who’ve stewarded our tropical forests for generations. Read More »

Posted in Brazil, Forest protection, Indigenous People, International, United Nations / Comments are closed