Joe Biden

Joe Biden’s withdrawal from the 2024 presidential race — bowing to weeks of pressure after a disastrous June debate and polls that showed worsening odds against his Republican rival, Donald Trump — upends the contest only weeks before Democrats meet in Chicago to confirm their nominee. Biden, 81, is the first sitting US president not to seek reelection for decades. He’s been a uniquely consequential leader on climate, most notably by signing the 2022 Inflation Reduction Act, the largest investment in reducing emissions and boosting clean energy in the nation’s history. Biden pledged that the US would halve its emissions by 2030. He rejoined the Paris Agreement after Trump pulled the US out of it and created the role of special presidential envoy for climate, among other actions. That presents a stark contrast to Trump, 78, who has called...

In June 2019, then-presidential candidate Joe Biden tweeted: “Trump doesn’t get the basics. He thinks his tariffs are being paid by China. Any freshman econ student could tell you that the American people are paying his tariffs.” Fast-forward five years to May 2024, and President Biden has announced a hike in tariffs on a variety of Chinese imports, including a 100% tariff that would significantly increase the price of Chinese-made electric vehicles. For a nation committed to reducing greenhouse gas emissions, efforts by the U.S. to block low-cost EVs might seem counterproductive. At a price of around US$12,000, Chinese automaker BYD’s Seagull electric car could quickly expand EV sales if it landed at that price in the U.S., where the cheapest new electric cars cost nearly three times more. As an expert in global supply chains, however, I believe the Biden tariffs can succeed in giving the U.S. EV industry room to grow. Without the tariffs, U.S. auto sa...

The Biden administration announced new tailpipe emission standards for new passenger cars that aim to cut over 7 billion tons of carbon emissions, as well as other harmful air pollutants. The standards will apply to new passenger cars and light-duty trucks, beginning with model year 2027 through 2032. The Environmental Protection Agency, in announcing the tougher standards, said the reduction of carbon emissions and other harmful air pollutants will help prevent premature deaths and reduce heart attacks, respiratory and cardiovascular illness, as well as asthma. “Three years ago, I set an ambitious target: that half of all new cars and trucks sold in 2030 would be zero-emission,” said President Biden in a statement. “Today, we’re setting new pollution standards for cars and trucks.” However, the new standards also ease a draft rule by the EPA that would have required car companies to  rely on all-electric vehicles as the s...

The United States is producing more oil and natural gas today than ever before, and far more than any other country. So, what roles did the Trump-Pence and Biden-Harris administrations play in this surge? The answer might surprise you, given the way each has talked publicly about fossil fuels: former President Donald Trump embracing them, and President Joe Biden and Vice President Kamala Harris focusing on reducing fossil fuel use to fight climate change. Under each of the three most recent presidencies, Republican and Democratic alike, U.S. oil and gas production was higher at the end of the administration’s term than at the beginning. That production has both pros and cons. Together, oil and gas account for nearly three-quarters of U.S. energy consumption. Producing oil and gas in the U.S. provides energy security, and high production generally keeps prices down. Burning oil and gas, however, releases carbon dioxide into the air, contributing to climate change. And nat...