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Biden's climate summit zeroes in on technology to help fight global warming

CommoditiesApr 23, 2021 09:26AM ET
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2/2 © Reuters. FILE PHOTO: U.S. President Biden speak at the White House in Washington 2/2

By Jeff Mason and Valerie Volcovici

WASHINGTON (Reuters) -U.S. President Joe Biden's energy secretary told a climate summit clean technology is "our generation's moonshot" on Friday, the second and final day of an event that is seeking to rally world ambition to reduce global warming.

Biden called the meeting with dozens of heads-of-state to declare the United States back at the climate leadership table after his predecessor, former President Donald Trump, withdrew from the Paris agreement to cut greenhouse gas emissions.

"This our generation's moon shot," Jennifer Granholm, Biden's energy secretary, said about opportunities for jobs and investment in clean technology such as carbon capture and storage, solar panels, and electric vehicles.

The Democratic president, who returned the United States to the pact, announced a new U.S. target on Thursday to reduce its emissions 50%-52% by 2030 compared with 2005 levels. Japan and Canada also raised their targets.

The White House has sought to assure other countries that it can meet that target, even if a new administration takes over, because industry is moving toward cleaner power, electric vehicles, and more renewable energy anyway.

"No politician, no matter how demagogic or how potent and capable they are, is going to be able to change what that market is doing," said John Kerry, Biden's climate envoy.

The administration rolled out top cabinet officials and business leaders to make the case for technology's role in a "net-zero, climate-resilient economy".

Biden has sought to connect efforts to fight climate change with opportunities to create jobs, arguing that taking action will be good for the economy in order to counter Republican concerns that climate regulation could harm growth and jobs.

Secretary of Transportation Pete Buttigieg, U.S. Trade Representative Katherine Tai, and Commerce Secretary Gina Raimondo are all scheduled to take part in Friday's conference.

Foreign leaders including Danish Prime Minister Mette Frederiksen, Israeli Prime Minister Benjamin Netanyahu, Kenyan President Uhuru Kenyatta and Vietnamese President Nguyen Xuan Phucare are also slated to join.

Bill Gates and Michael Bloomberg, both wealthy businessmen-turned-philanthropists, will also feature. They have focused their energies on climate change in recent years. Gates has invested about $2 billion toward the development of clean technologies, mostly in electricity generation and storage.

Biden's climate summit zeroes in on technology to help fight global warming
 

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Comments (7)
Gene Kret
Gene Kret Apr 23, 2021 11:11AM ET
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Buy TSLA, SPWR and UCO
Roger Miller
Roger Miller Apr 23, 2021 11:08AM ET
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Someone should tell John Kerry that most of “what the market is doing” is because of government and media hype from people such as himself. If they let free markets work for a change, the problems would solve themselves.
Sophearom Vong
Sophearom Vong Apr 23, 2021 10:15AM ET
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Great news for Tesla. It is all in to zero emission.
Victor Aguilera
Victor Aguilera Apr 23, 2021 10:15AM ET
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to bad when u charge your tesla your using coal energy worse then gasoline lol
Catholic Man
CatholicMan Apr 23, 2021 9:55AM ET
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So the name is back to “ global warming”? It”s imaginary no matter what the name is
Gene Kret
Gene Kret Apr 23, 2021 9:55AM ET
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Amen
Jo Pa
Jo Pa Apr 23, 2021 8:42AM ET
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A 50% cut in emissions means banning 50% of fossil fuels. Companies will just export manufacturing to countries without clean air laws, creating yet more pollution, while destroying the American economy.
Gene Kret
Gene Kret Apr 23, 2021 8:42AM ET
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Its all a sham. All you can do is capitalize and invest well. Buy TSLS, POWW, SPWR and UCO. Oil will never ever go away....air planes, cruise ships, heating oil, etc....
President Xi Jinping
President Xi Jinping Apr 23, 2021 3:57AM ET
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Its funny that there are people against a cleaner planet
oeg vokar
oeg vokar Apr 23, 2021 3:57AM ET
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It's funny there are propel to think Planet could be cleaner with 7 860 000 000 inhabitants....promoted from the most polluting one.
Jo Pa
Jo Pa Apr 23, 2021 3:57AM ET
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I'm against poverty. Banning 50% of fossil fuels will put America into massive homelessness. CO2 is mostly harmless, especially compared to the toxic mining needed to produce batteries and solar panels.
Chris Cummins
Chris Cummins Apr 23, 2021 3:57AM ET
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Jo Pa  I love the fear tactics. Please use real data and not imaginary numbers. Thanks.
Catholic Man
CatholicMan Apr 23, 2021 3:57AM ET
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Funny how that’s not their goal.
Gene Kret
Gene Kret Apr 23, 2021 3:09AM ET
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Can you see the strings on Sleepy Joes back... anyway buy pot stocks. These pot stocks will raise rev which will off set the tax increase. Buy MJ while its dirt cheap.
 
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