Climate Change

The great environmental benefit of electric vehicles, no matter where they are produced or driven, is that they generate zero tailpipe emissions. That’s a huge plus, given that transportation accounts for 14 percent of global greenhouse gas emissions and about 8 percent in China. But the environmental news isn’t all good.

In March, environmentalists launched an unprecedented legal case charging French oil giant TotalEnergies with greenwashing. Despite marketing itself as a green company, TotalEnergies has invested heavily in the East African Crude Oil Pipeline, or EACOP, an infamous project in Uganda that’s come to symbolize Western hypocrisy.

This week, U.S. President Joe Biden signed the Inflation Reduction Act, or IRA, into law. The act, which aims to transition the U.S. power sector to using 100 percent renewables by 2035, represents the biggest commitment to climate policy in U.S. history. But the IRA is a game-changer not just in size, but also in scope.