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Why the pandemic's carbon cuts still won't head off a climate emergency

Data: BloombergNEF; Chart: Axios Visuals

Global carbon emissions from energy, which are the lion's share, will never fully come back from pre-pandemic levels — recovering from a pandemic-fueled decline but sinking again around 2027 with renewable energy on the rise — according to a BloombergNEF analysis.

But, but, but: It still won't prevent the planet from cooking, as the firm still sees enough emissions to lead to over 3.3°C of warming above preindustrial levels by century's end.


  • That's far beyond the Paris agreement goal of limiting warming to 2°C and ideally 1.5°C — benchmarks for avoiding some of the most damaging effects.
  • And it's despite the fact that, in the new outlook's core scenario, the pandemic's effect on energy demand will remove a total of almost three years worth of emissions by 2050.

Why it matters: “To stay well below two degrees of global temperature rise, we would need to reduce emissions by 6% every year starting now, and to limit the warming to 1.5 degrees C, emissions would have to fall by 10% per year," BNEF analyst Matthias Kimmel said in a statement alongside the report.

What we don't know: How much nations' economic responses to the pandemic will ultimately steer resources into low-carbon projects. A research consortium called Energy Policy Tracker is keeping an updated tally here.

The intrigue: That brings me to another other ripple effect. I don't think it's a stretch to say the pandemic might have an outsized influence on U.S. climate policy.

  • Absent the crisis and its economic effects, President Trump, who gets poor marks from voters on COVID-19, would likely have a much better chance of re-election.
  • If Joe Biden wins, he's vowing a 180-degree turn in the U.S. approach to global warming.
  • While Trump is reversing Obama-era policies, Biden's platform would go vastly beyond anything contemplated in the Obama years.

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The political limits of Biden's climate agenda

Expect Joe Biden to pursue the most aggressive climate-change plan in U.S. presidential history should he win the election.

Driving the news: A sea change would come to Washington, D.C., but the aspirations he laid out in his campaign are far higher than what political reality allows.

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The risks of moving too fast on a coronavirus vaccine

The scientific race for a coronavirus vaccine is moving at record-shattering speed. Making the most of that work — translating a successful clinical product into real-world progress — will require some patience.

Why it matters: If we get a vaccine relatively soon, the next big challenge will be balancing the need to get it into people's hands with the need to keep working on other solutions that might prove more effective.

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