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The Biden Administration is making efforts to accelerate the transition away from fossil fuels in the transportation sector. Their strategy includes offering tax credits to incentivize consumers to purchase electric vehicles and providing generous incentives for auto and battery manufacturers to build production plants for these vehicles. Now, they are proposing ambitious fuel economy rules that would require new passenger vehicles to achieve an average efficiency of at least 58 miles per gallon by 2032. Although some automakers may resist this proposal and environmental groups are calling for even higher targets, government regulators estimate that these rules could reduce CO2 emissions by 900 million tons and save drivers a total of $50 billon in fuel costs.
The Big Read
Chop Down Forests To Save The Planet? Maybe Not As Crazy As It Sounds
Bill Gates and other investors are supporting Kodama Systems, a company aiming to reduce carbon dioxide levels in the air by responsibly harvesting and burying trees that would otherwise be at risk of wildfires. This initiative serves the dual purpose of mitigating climate change and creating sellable carbon offsets. In the future, it may even lead to tax credits for these projects.
Learn more here.
Discoveries And Innovations
According to a new report, this July is likely to be the hottest on record, and the extreme heatwaves experienced in North America and Europe would have been nearly impossible without human-induced climate change.
In South Florida, water temperatures reached triple-digit figures this week, marking their highest recorded levels. As other parts of the world’s oceans also experience record-breaking temperatures, the increased risk of rising sea levels and severe storms becomes even more apparent.
Conservationists in Madagascar are collaborating with local communities to combat forest fires and preserve the country’s iconic lemur species.
Scientists have successfully revived a nematode that had been dormant in Siberian permafrost for approximately 46,000 years. This discovery raises concerns about the potential emergence of dangerous organisms, including disease-causing pathogens, as climate change continues to warm the Earth’s permafrost.
The Big Transportation Story
Tesla Exaggerated Its Cars’ Driving Range—And Canceled Service Appointments If Drivers Complained, Report Says
Ford has recently announced a substantial price reduction for certain versions of its electric F-150 Lightning pickup truck. This decision comes after a series of price hikes over the past two years. The automaker is also gearing up to increase production of the Lightning model in order to compete with Tesla, which is finally preparing to launch its controversial Cybertruck.
Find out more here.
Sustainability Deals Of The Week
EV Charging: General Motors, BMW Group, Mercedes-Benz, Honda, Hyundai, Kia, and Stellantis are forming a joint venture to install a minimum of 30,000 new fast electric car charging stations across North America by 2030.
Lunar Solar Power: NASA has entered into a partnership with Blue Origin, owned by Jeff Bezos, in order to develop technology that will enable future Moon astronauts to harness solar power from lunar rocks.
Earthbound Solar Power: First Solar has announced an investment of up to $1.1 billion to build a fifth manufacturing facility for their photovoltaic solar modules.
What Else We’re Reading This Week
Warming Could Push the Atlantic Past a ‘Tipping Point’ This Century (The New York Times)
Tesla under investigation by California attorney general over Autopilot safety, marketing (CNBC)
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Jessica Irvine is a tech enthusiast specializing in gadgets. From smart home devices to cutting-edge electronics, Jessica explores the world of consumer tech, offering readers comprehensive reviews, hands-on experiences, and expert insights into the coolest and most innovative gadgets on the market.
