Biden Commits to Banning Fossil Fuel Subsidies After DNC Dropped It

The Democratic party made the curious move of removing a ban on fossil fuel subsidies from its platform earlier this week as its convention kicked off. The move, which also backtracked from a clean energy commitment, raised the ire of environmental activists. However, presidential nominee Joe Biden, who will steer the party's agenda if elected, has recommitted to a ban on fossil fuel subsidies, as The Verge reported.
What happened was this: earlier this week HUFFPOST revealed that the amendment to the party's platform that was approved, "Democrats support eliminating tax breaks and subsidies for fossil fuels, and will fight to defend and extend tax incentives for energy efficiency and clean energy," was not included the platform document that Democrats released on Monday.
That stoked the ire of activists who had been buoyed by the aggressive climate plan that Biden agreed to. Annie Leonard, executive director of Greenpeace USA, called the removal of the amendment, "immoral, criminal, inexcusable," as Common Dreams reported.
"We are nearing global tipping points on climate, fires and extreme weather are killing people and devastating the economy, and the DNC can't even accept an end to public subsidies for making it worse?" Leonard tweeted.
We are nearing global tipping points on climate,
— Annie Leonard (@AnnieMLeonard) August 19, 2020
fires & extreme weather are killing people and devastating the economy and @DNC can’t even accept an end to public subsidies for making it worse? This is immoral, criminal, inexcusable. https://t.co/7UXxS6JneG
"This platform is a step backwards, and we deserve better," Charlie Jiang, a campaigner at Greenpeace, said in a statement, as HUFFPOST reported.
And yet, the public document of Biden-Harris campaign's climate agenda says it will end subsidies for fossil fuels. The Verge reached out to the campaign to get some clarity on the discrepancy between the campaign and the party's platform.
"Vice President Biden's commitment to ending fossil fuel subsidies remains as steadfast as it was when he outlined this position in the bold climate plan he laid out last year," Stef Feldman, policy director for the Biden campaign said in a statement to The Verge. "He will demand a worldwide ban on fossil fuel subsidies and lead the world by example, eliminating fossil fuel subsidies in the United States during the first year of his presidency."
The amount of money that the fossil fuel industry receives from the U.S. government is staggering, though the estimates vary widely, as Vox reported. The Environmental and Energy Study Institute estimates the number is around $20 billion a year, but the International Monetary Fund puts the number around $649 billion.
The decision to remove the language about subsidies from the party platform is still confounding as the party tries to bring more activists into its fold. Greta Thunberg tweeted her dismay at the decision, simply saying, "So, not even the very minimum…"
”The Democratic National Committee this week quietly dropped language calling for an end to fossil fuel subsidies and tax breaks from its party platform”
— Greta Thunberg (@GretaThunberg) August 19, 2020
So, not even the very very minimum...https://t.co/2h7A1bDmj9
Despite frustrating activists, the party's platform does call for an aggressive transition to renewable energy and to eliminating carbon emissions from power plants in 15 years. It also seeks net-zero greenhouse gas emissions for all new buildings in 10 years with the goal of net-zero emissions by 2050, according to The New York Times.
However, it makes no mention of the Green New Deal, which is a strong rallying cry for the party's progressive wing.
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Wisdom the mōlī, or Laysan albatross, is the oldest wild bird known to science at the age of at least 70. She is also, as of February 1, a new mother.
<div id="dadb2" class="rm-shortcode" data-rm-shortcode-id="aa2ad8cb566c9b4b6d2df2693669f6f9"><blockquote class="twitter-tweet twitter-custom-tweet" data-twitter-tweet-id="1357796504740761602" data-partner="rebelmouse"><div style="margin:1em 0">🚨Cute baby alert! Wisdom's chick has hatched!!! 🐣😍 Wisdom, a mōlī (Laysan albatross) and world’s oldest known, ban… https://t.co/Nco050ztBA</div> — USFWS Pacific Region (@USFWS Pacific Region)<a href="https://twitter.com/USFWSPacific/statuses/1357796504740761602">1612558888.0</a></blockquote></div>
The Science Behind Frozen Wind Turbines – and How to Keep Them Spinning Through the Winter
By Hui Hu
Winter is supposed to be the best season for wind power – the winds are stronger, and since air density increases as the temperature drops, more force is pushing on the blades. But winter also comes with a problem: freezing weather.
Comparing rime ice and glaze ice shows how each changes the texture of the blade. Gao, Liu and Hu, 2021, CC BY-ND
Ice buildup changes air flow around the turbine blade, which can slow it down. The top photos show ice forming after 10 minutes at different temperatures in the Wind Research Tunnel. The lower measurements show airflow separation as ice accumulates. Icing Research Tunnel of Iowa State University, CC BY-ND
How ice builds up on the tips of turbine blades. Gao, Liu and Hu, 2021, CC BY-ND
While traditional investment in the ocean technology sector has been tentative, growth in Israeli maritime innovations has been exponential in the last few years, and environmental concern has come to the forefront.
theDOCK aims to innovate the Israeli maritime sector. Pexels
<p>The UN hopes that new investments in ocean science and technology will help turn the tide for the oceans. As such, this year kicked off the <a href="https://www.oceandecade.org/" target="_blank" rel="noopener noreferrer">United Nations Decade of Ocean Science for Sustainable Development (2021-2030)</a> to galvanize massive support for the blue economy.</p><p>According to the World Bank, the blue economy is the "sustainable use of ocean resources for economic growth, improved livelihoods, and jobs while preserving the health of ocean ecosystem," <a href="https://www.sciencedirect.com/science/article/pii/S0160412019338255#b0245" target="_blank" rel="noopener noreferrer">Science Direct</a> reported. It represents this new sector for investments and innovations that work in tandem with the oceans rather than in exploitation of them.</p><p>As recently as Aug. 2020, <a href="https://www.reutersevents.com/sustainability/esg-investors-slow-make-waves-25tn-ocean-economy" target="_blank" rel="noopener noreferrer">Reuters</a> noted that ESG Investors, those looking to invest in opportunities that have a positive impact in environmental, social and governance (ESG) issues, have been interested in "blue finance" but slow to invest.</p><p>"It is a hugely under-invested economic opportunity that is crucial to the way we have to address living on one planet," Simon Dent, director of blue investments at Mirova Natural Capital, told Reuters.</p><p>Even with slow investment, the blue economy is still expected to expand at twice the rate of the mainstream economy by 2030, Reuters reported. It already contributes $2.5tn a year in economic output, the report noted.</p><p>Current, upward <a href="https://www.ecowatch.com/-innovation-blue-economy-2646147405.html" target="_self">shifts in blue economy investments are being driven by innovation</a>, a trend the UN hopes will continue globally for the benefit of all oceans and people.</p><p>In Israel, this push has successfully translated into investment in and innovation of global ports, shipping, logistics and offshore sectors. The "Startup Nation," as Israel is often called, has seen its maritime tech ecosystem grow "significantly" in recent years and expects that growth to "accelerate dramatically," <a href="https://itrade.gov.il/belgium-english/how-israel-is-becoming-a-port-of-call-for-maritime-innovation/" target="_blank" rel="noopener noreferrer">iTrade</a> reported.</p><p>Driving this wave of momentum has been rising Israeli venture capital hub <a href="https://www.thedockinnovation.com/" target="_blank" rel="noopener noreferrer">theDOCK</a>. Founded by Israeli Navy veterans in 2017, theDOCK works with early-stage companies in the maritime space to bring their solutions to market. The hub's pioneering efforts ignited Israel's maritime technology sector, and now, with their new fund, theDOCK is motivating these high-tech solutions to also address ESG criteria.</p><p>"While ESG has always been on theDOCK's agenda, this theme has become even more of a priority," Nir Gartzman, theDOCK's managing partner, told EcoWatch. "80 percent of the startups in our portfolio (for theDOCK's Navigator II fund) will have a primary or secondary contribution to environmental, social and governance (ESG) criteria."</p><p>In a company presentation, theDOCK called contribution to the ESG agenda a "hot discussion topic" for traditional players in the space and their boards, many of whom are looking to adopt new technologies with a positive impact on the planet. The focus is on reducing carbon emissions and protecting the environment, the presentation outlines. As such, theDOCK also explicitly screens candidate investments by ESG criteria as well.</p><p>Within the maritime space, environmental innovations could include measures like increased fuel and energy efficiency, better monitoring of potential pollution sources, improved waste and air emissions management and processing of marine debris/trash into reusable materials, theDOCK's presentation noted.</p>theDOCK team includes (left to right) Michal Hendel-Sufa, Head of Alliances, Noa Schuman, CMO, Nir Gartzman, Co-Founder & Managing Partner, and Hannan Carmeli, Co-Founder & Managing Partner. Dudu Koren
<p>theDOCK's own portfolio includes companies like Orca AI, which uses an intelligent collision avoidance system to reduce the probability of oil or fuel spills, AiDock, which eliminates the use of paper by automating the customs clearance process, and DockTech, which uses depth "crowdsourcing" data to map riverbeds in real-time and optimize cargo loading, thereby reducing trips and fuel usage while also avoiding groundings.</p><p>"Oceans are a big opportunity primarily because they are just that – big!" theDOCK's Chief Marketing Officer Noa Schuman summarized. "As such, the magnitude of their criticality to the global ecosystem, the magnitude of pollution risk and the steps needed to overcome those challenges – are all huge."</p><p>There is hope that this wave of interest and investment in environmentally-positive maritime technologies will accelerate the blue economy and ESG investing even further, in Israel and beyond.</p>- 14 Countries Commit to Ocean Sustainability Initiative - EcoWatch ›
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