COP29 Climate Conference in Baku, Azerbaijan

At COP29 climate conference in Baku, Azerbaijan, wealthy countries agreed to provide at least $300 billion annually to help developing nations combat climate change, despite pushback from developing countries demanding more funding. The conference also included discussions on carbon trading rules, emission reduction targets, and the importance of addressing climate change's impact on health.

Biden administration's climate regulations to phase out gas cars in the U.S.

The Biden administration announced climate regulations to phase out gas cars and ensure most vehicles sold in the U.S. by 2032 are electric or hybrid. The regulations aim to cut greenhouse gas emissions from cars. Automakers and labor unions influenced a slower rollout of the rules. Environmentalists welcomed the move while Republicans criticized it for limiting consumer choice. The regulations include a mix of electric vehicles and plug-in hybrids to meet emission limits. The EPA forecasts significant carbon dioxide reductions and health benefits from the new standards. Industry groups called on Congress to block the plan, citing concerns about eliminating gas cars from the market. The rules are technology-neutral and performance-based, giving flexibility to manufacturers.