Berliner Boersenzeitung - Biden seeks to revive climate agenda as heat waves slam US, Europe

EUR -
AED 4.095102
AFN 72.480008
ALL 90.801688
AMD 402.807486
ANG 1.995737
AOA 1023.635334
ARS 1721.721299
AUD 1.61933
AWG 2.007127
AZN 1.900047
BAM 1.955836
BBD 2.250342
BDT 139.162586
BGN 1.948955
BHD 0.422108
BIF 3342.96213
BMD 1.115071
BND 1.431727
BOB 13.402249
BRL 6.138357
BSD 1.117321
BTN 104.873949
BWP 15.391286
BYN 3.345962
BYR 21855.38619
BZD 2.247142
CAD 1.573644
CDF 2586.964483
CHF 0.914162
CLF 0.027822
CLP 1094.980351
CNY 7.444774
CNH 7.438418
COP 3608.76707
CRC 506.709417
CUC 1.115071
CUP 26.815498
CVE 110.267049
CZK 24.346956
DJF 198.963698
DKK 7.480457
DOP 67.891262
DZD 151.940824
EGP 59.957114
ERN 16.726061
ETB 183.378708
FJD 2.526309
FKP 0.834974
GBP 0.834166
GEL 2.893653
GGP 0.834974
GHS 13.055243
GIP 0.834974
GMD 83.077063
GNF 9896.183924
GTQ 8.538159
GYD 234.234353
HKD 8.744429
HNL 30.029558
HRK 7.547925
HTG 146.432722
HUF 363.51345
IDR 20192.258205
ILS 3.552538
IMP 0.834974
INR 104.716854
IQD 1693.83148
IRR 2108992.359359
ISK 136.919964
JEP 0.834974
JMD 177.323296
JOD 0.790629
JPY 176.710877
KES 145.192698
KGS 97.510486
KHR 4552.084602
KMF 492.86165
KPW 1003.563608
KRW 1520.737678
KWD 0.346765
KYD 0.931217
KZT 500.809308
LAK 25136.46717
LBP 100053.859534
LKR 371.556906
LRD 189.94353
LSL 18.477643
LTL 3.292514
LVL 0.674496
LYD 7.150133
MAD 10.921803
MDL 19.971371
MGA 5077.094359
MKD 61.556144
MMK 2341.587311
MNT 4015.514918
MOP 9.019368
MRU 45.108838
MUR 52.442198
MVR 17.176258
MWK 1937.436008
MXN 20.766565
MYR 4.528864
MZN 71.257178
NAD 18.477643
NGN 1502.23485
NIO 41.120764
NOK 10.548462
NPR 167.798119
NZD 2.015128
OMR 0.428348
PAB 1.117421
PEN 3.848972
PGK 5.092095
PHP 70.369926
PKR 309.016043
PLN 4.399568
PYG 6984.129802
QAR 4.084276
RON 5.343646
RSD 117.622186
RUB 91.352798
RWF 1649.13065
SAR 4.188587
SBD 8.974739
SCR 15.358485
SDG 670.719139
SEK 11.033072
SGD 1.430306
SHP 0.835103
SLE 25.591287
SLL 23382.48045
SOS 638.511867
SRD 41.908265
STD 23079.712667
STN 24.500455
SVC 9.776182
SYP 14498.149201
SZL 18.471343
THB 37.411034
TJS 10.307092
TMT 3.902748
TND 3.343362
TOP 2.684822
TRY 55.9111
TTD 7.577141
TWD 36.546782
TZS 2952.454872
UAH 50.616941
UGX 4570.084937
USD 1.115071
UYU 44.950835
UZS 13332.247784
VES 999.456181
VND 28526.296796
VUV 132.393741
WST 3.108622
XAF 655.957
XAG 0.021465
XAU 0.000274244363
XCD 3.013535
XCG 2.013637
XDR 0.788413
XOF 655.957
XPF 119.331742
YER 263.853652
ZAR 18.420333
ZMK 10036.978597
ZMW 22.703422
ZWL 359.052318
SSP 6406.340367
MXV 2.33632
  • CMSD

    -0.1200

    19.81

    -0.61%

  • JRI

    0.0000

    10.77

    0%

  • BCC

    -1.8200

    74.15

    -2.45%

  • CMSC

    -0.2228

    19.53

    -1.14%

  • BCE

    0.2000

    20.34

    +0.98%

  • RIO

    0.0100

    94.17

    +0.01%

  • AZN

    -2.7400

    161.47

    -1.7%

  • GSK

    -1.1800

    48.17

    -2.45%

  • RBGPF

    0.0000

    65

    0%

  • NGG

    0.8800

    75.82

    +1.16%

  • RYCEF

    -0.7300

    19.08

    -3.83%

  • BTI

    -0.4500

    54.4

    -0.83%

  • BP

    0.4700

    43.99

    +1.07%

  • RELX

    -0.0600

    33.18

    -0.18%

  • VOD

    -0.1800

    16.15

    -1.11%

Biden seeks to revive climate agenda as heat waves slam US, Europe
Biden seeks to revive climate agenda as heat waves slam US, Europe / Photo: Brendan Smialowski - AFP

Biden seeks to revive climate agenda as heat waves slam US, Europe

President Joe Biden, thwarted by lawmakers and the Supreme Court, sought Wednesday to revive his ambitions to tackle climate change as heat waves batter the United States and Europe.

Text size:

Rocketing summer temperatures have highlighted the growing threat, with 100 million people in the United States currently under excessive heat alerts and devastatingly hot conditions causing misery across Europe.

"Climate change... is literally, not figuratively, a clear and present danger," Biden said, announcing executive actions including $2.3 billion in investments to help build US infrastructure to withstand climate disasters.

"The health of our citizens and our communities is literally at stake... Our national security is at stake as well... And our economy is at risk. So we have to act."

Biden, delivering a speech at a former coal-fired electricity plant in Massachusetts, said his administration would do whatever necessary, with or without lawmakers on board.

"Congress is not acting as it should... This is an emergency and I will look at it that way. As president, I'll use my executive powers to combat the climate crisis," he said.

But he stopped short of declaring a formal emergency, which would grant him additional policy powers.

- Repeated setbacks -

Biden began his term last year promising to fulfill campaign pledges to tackle the global climate crisis, but his agenda has faced blow after blow.

His first day in office, Biden signed an executive order to bring the United States back into the Paris climate agreement, followed later by an ambitious announcement that he was targeting a 50-52 percent reduction from 2005 levels in US net greenhouse gas pollution by 2030.

But his signature Build Back Better legislation, which would have included $550 billion for clean energy and other climate initiatives, is all but dead after failing to receive the necessary backing in Congress as fellow Democrat Joe Manchin said he would not support the bill in a evenly divided Senate.

And last month, the conservative-leaning Supreme Court ruled that the Environmental Protection Agency (EPA) cannot issue broad greenhouse gas regulations without congressional approval.

"When it comes to fighting climate change, I will not take 'no' for an answer," Biden said.

"I will do everything in my power to clean our air and water, protect our people's heath, to win the clean energy future... Our children and grandchildren are counting on us. Not a joke."

Among the new executive orders was funding to promote efficient air conditioning, and an order to advance wind energy development off the Atlantic Coast and Florida’s Gulf Coast.

The Biden administration has framed climate policies as a job creation project -- and as a national security issue, made more urgent by soaring fuel prices in the wake of Russia's invasion of Ukraine.

The White House said in a statement that Biden was seeking "to turn the climate crisis into an opportunity, by creating good-paying jobs in clean energy and lowering costs for families."

His speech on Wednesday was at a shuttered coal-fired power plant that will be used for a cable manufacturing factory to supply offshore wind facilities.

State Department spokesman Ned Price this week pointed to the extreme heat wave tormenting Europe this week -- with Britain recording a temperature of 104 degrees Fahrenheit (40 degrees Celsius) -- as more proof that climate action cannot wait.

"We are committed to taking advantage of this moment and doing everything we can, including on the world stage," Price told reporters, "to ensure that this decisive decade does not go by without us taking appropriate action."

(Y.Yildiz--BBZ)