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West Virginia v. EPA Ruling To Affect Climate Change Regulations | US Politics In :60 | GZERO Media

West Virginia v. EPA ruling hampers climate change action

Jon Lieber, head of Eurasia Group's coverage of political and policy developments in Washington, DC, shares his analysis on US politics:

This week's question, what are the implications of the Supreme Court's decision in the case of West Virginia v. EPA?

It's been a busy term for the Supreme Court, topped off this week with a ruling on the EPA's ability to regulate carbon emissions under the Clean Air Act.

The Supreme Court ruled that the EPA did not have the properly congressionally delegated authority to regulate carbon emissions. This will hamper the ability of the Biden administration to act on climate change in the absence of congressional action, which we do not expect. And more broadly could have implications for other agencies, such as the Securities and Exchange Commission and the Federal Trade Commission.

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War in Ukraine Sets Energy Transition on "Hyperdrive" | Global Stage | GZERO Media

War in Ukraine sets energy transition in "hyperdrive"

GZERO Media caught up with Microsoft's Chief Environmental Officer Lucas Joppa at the World Economic Forum in Davos to discuss ways to keep nations focused on climate change amid the converging crises of war and pandemic.

Tony Maciulis: When you have these very immediate and acute crises happening concurrently like pandemic and now of course the war in Ukraine, has it been a challenge to keep the focus on climate change?

Lucas Joppa: I would say yes and no. It's a challenge because obviously these are crises in and of themselves and they need to be dealt with and focused on. But on the other hand, I think that these crises, what they've done is they've really shown society that we have things that are going to happen to us. And if we know that they are coming, it would behoove us to do something about them now to prepare for it now. The biggest thing that we have coming for us is the impacts of a rapidly changing global climate system. It's front and center of our minds. We know we have to get out and do something about it. And so on the one hand, yes, we're focusing on these crises, but it hasn't shifted focus off of climate either.

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S2 Episode 8: COVID Continued: What the world will look like in 2022

Listen: While 2021 brought incredible breakthroughs in science and billions of COVID-19 vaccine doses were delivered globally, the pandemic seems far from over as the new year approaches. Add in an urgent need for climate action, uneven economic recovery and supply chain disruption, plus growing tensions between the world’s two biggest economies—the US and China—and you basically want to pull the covers over your head. But still, there are reasons to be hopeful about 2022.

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COP26 Climate Deal: Reasons for Hope | Quick Take | GZERO Media

COP26 climate deal: Reasons for hope

Ian Bremmer's Quick Take:

Hi, everybody. Ian Bremmer here. Just about to head to Singapore, but before I do, I thought I would give you guys a quick recap on the COP26 summit, couple weeks long in Glasgow.

And I understand that it's fashionable and important to talk about just how immediate and immense the climate crisis is, and that we didn't do enough, and we have more work in front of us, and all that is true, but actually I come away from the last two weeks fairly optimistic in the sense that the acceleration of effort that we're seeing from all corners, I mean there's even more from the central governments than you would've expected, and they were the underperformers, certainly more from the private sector, more from the banks, more from the corporates. And as a consequence, right now, I mean the big headline is that we are still on track for 2.4 degrees centigrade of warming if all of the countries make good on their existing pledges, which is itself unlikely. So we're not really on track for 2.4, it's higher. And that's double where we are right now, 1.2.

Having said that, there are a number of positive things that I think are also getting baked in, not just how much carbon is in the atmosphere. One is that they have decided, the participants of COP26, that they're going to come with new goals next year, as opposed to every five years, which had been the process. So as we're seeing more effort, as we're seeing more progress, we're also seeing stepped up urgency. And the very fact that you will now have a one-year, an annual summit that becomes an action-forcing event, even if it's marked by half measures, will end up getting you a lot more progress. I think that's significant and everyone agreed to that.

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Climate change trade wars

The COP26 climate summit in Glasgow is almost done and dusted, with some ambitious commitments and breakthroughs from governments and corporations to more aggressively tackle the climate disaster. Yet, though there seems to be broad agreement on what needs to be done to stop the planet getting hotter — like getting to Net Zero emissions over the next few decades — big disagreements remain on how to pull it off.

As countries try to turn jobs green while also boosting exports to keep foreign cash flowing in, reliance on protectionist economic policies is becoming an increasing point of friction between governments. Here are two juicy examples where this dynamic is playing out.

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Record US Inflation Levels Worsen Americans’ View of the Economy | World In :60 | GZERO Media

Record US inflation levels worsen Americans' view of the economy

Ian Bremmer shares his insights on global politics this week with a look at rising US inflation, the migrant crisis at the Poland-Belarus border, and the draft deal of the COP26 climate agreement.

US inflation hits its highest level in three decades. How will the Biden administration be impacted?

Well, it's not well. I mean, the economy is doing very well right now. We're getting all of these record levels in the markets. And companies have extraordinary profits, and growth is going gangbusters. So it's not stagflation. But I mean, the inflation levels on top of the fact that it's Christmas season coming up, and people are exhausted from dealing with COVID, is making people feel much worse about the economy otherwise would. I don't think we've ever seen this kind of a gap between economic reality and expectations and Biden's ability to do a lot on inflation is very limited at this point. I mean, he's pushing OPEC to produce more energy, which is a problem with the COP summit, but at the end of the day, I mean, this has a lot more to do with the massive explosion of post-COVID supply and demand growth, and all coming online at the same time. Plus labor shortages. It's not something that's easy for them to deal with. So I think it's going to be a challenge for them for months, but elections aren't for a year so the timing is not so horrible.

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Net Zero Emissions by 2050 "Lacks Sense of Urgency" — Suntory CEO | GZERO Media

Net zero emissions by 2050 "lacks sense of urgency" — Suntory CEO

Like many other big corporations, Japanese brewer and distiller Suntory want to achieve net zero carbon emissions by 2050. But that's not enough for CEO Tak Niinami. "It's far away and lacks the sense of urgency," he says. Niinami predicts that especially after COP26 people will be wary of greenwashing, so it's essential for corporations to "to be transparent, showing society what we are doing and how much progress we are making" on climate.

Suntory CEO Tak Niinami spoke during the first of a two-part Sustainability Leaders Summit livestream conversation sponsored by Suntory. Watch here.

In the Long Run, Making Plastic Industry Sustainable Is Corporate Self-interest | GZERO Media

Making plastic industry sustainable is corporate self-interest

Plastics are essential for Asia, but for Ian Bremmer the way the industry works right now is incompatible with the region's targets to fight climate change. Very soon, though, he predicts there will be "immense gravitational pull" to do things differently. Once the way Asian companies use plastics now becomes outdated, he says, it's only a matter of time before they change out of their own self-interest. Bremmer spoke during the second of a two-part Sustainability Leaders Summit livestream conversation sponsored by Suntory.

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