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Biden stops short of declaring climate emergency, takes steps on wind power

By Jeff Mason and Timothy Gardner SOMERSET, Mass./WASHINGTON (Reuters) -U.S. President Joe Biden unveiled new executive steps address climate in a visit to Massachusetts on...

By Jeff Mason and Timothy Gardner

SOMERSET, Mass./WASHINGTON (Reuters) -U.S. President Joe Biden unveiled new executive steps address climate in a visit to Massachusetts on Wednesday that are expected to fall short of declaring the federal emergency many Democrats had urged.

"Climate change is literally an existential threat to our nation and to the world," Biden said.

He said the threats posed by climate change represent a true emergency, but he stopped short of declaring a federal emergency.

"This is an emergency, an emergency, and I will look at it that way."

Democratic lawmakers and environmental groups have been calling for the White House to take aggressive measures on climate change after conservative Democratic Senator Joe Manchin said last week he was not ready to support key climate provisions in Congress, a critical loss in the evenly divided Senate.

White House climate adviser Gina McCarthy told reporters on Air Force One that new Biden executive actions will include Federal Emergency Management Agency funding to help states build cooling centers to deal with excessive heat and to tackle other impacts of climate change. The $2.3 billion FEMA funding is the largest ever to its Building Resilient Infrastructure and Communities Program, the White House said.

A White House official said that new funding could expand flood control, shore up utilities, retrofit buildings, and help low-income families pay for heating and cooling costs.

Biden will also announce new support for the domestic offshore wind industry. The administration has identified 700,000 acres for possible offshore wind energy development in the Gulf of Mexico, the White House said.

Biden spoke from a former coal-fired plant that is playing a role in supporting the state's offshore wind industry as a manufacturing hub for undersea cables.

McCarthy said Biden will lay out more executive actions on climate in coming weeks.

Biden has been under pressure to declare a climate emergency, which would enable the use of the Defense Production Act to ramp up production of a wide range of renewable energy products and systems.

Senator Jeff Merkley and eight other Democrats sent a letter to Biden on Wednesday urging him to declare a climate emergency and use aggressive executive actions to limit emissions from fossil fuels produced on public lands and waters and maximize use of electric vehicles.

But the president is not expected to declare a climate emergency on Wednesday even as a heat wave swept across the country and threatened millions of Americans as well as the power grid.

Biden promised tough action on climate change in his presidential campaign and pledged in international climate negotiations to cut climate pollution by 50% by 2030 and reach 100% clean electricity by 2035.

But that climate agenda has been derailed by several major setbacks, including Congress failing to pass crucial climate and clean energy measures in a federal budget bill, record-setting gasoline prices, and Russia's invasion of Ukraine disrupting global energy markets.

A Supreme Court ruling last month limiting the federal government's authority to issue sweeping regulations to reduce carbon emissions from power plants also is undermining Biden's climate plans.

When asked whether Biden has concluded there is no longer any option for a climate bill, a senior White House official told reporters that other people could answer that question, evidently suggesting a lot depends on Manchin. "Our focus is on what we can do," the official said.

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01-05-2024 10:45:17 (UTC+7)

EUR/USD

1.0658

-0.0008 (-0.07%)

Summary

↑ Sell

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Indicators:

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EUR/USD

1.0658

-0.0008 (-0.07%)

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↑ Sell

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GBP/USD

1.2475

-0.0015 (-0.12%)

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USD/JPY

157.91

+0.12 (+0.07%)

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↑ Buy

Moving Avg:

Buy (12)

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Buy (9)

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AUD/USD

0.6469

-0.0003 (-0.05%)

Summary

Neutral

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (2)

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USD/CAD

1.3780

+0.0003 (+0.03%)

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↑ Buy

Moving Avg:

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EUR/JPY

168.32

+0.10 (+0.06%)

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↑ Buy

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EUR/CHF

0.9808

+0.0001 (+0.01%)

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Neutral

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Gold Futures

2,295.80

-7.10 (-0.31%)

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Silver Futures

26.677

+0.023 (+0.09%)

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Copper Futures

4.5305

-0.0105 (-0.23%)

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Crude Oil WTI Futures

81.14

-0.79 (-0.96%)

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Brent Oil Futures

85.62

-0.71 (-0.82%)

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Natural Gas Futures

1.946

-0.009 (-0.46%)

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US Coffee C Futures

213.73

-13.77 (-6.05%)

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Euro Stoxx 50

4,920.55

-60.54 (-1.22%)

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Sell (7)

S&P 500

5,035.69

-80.48 (-1.57%)

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DAX

17,921.95

-196.37 (-1.08%)

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FTSE 100

8,144.13

-2.90 (-0.04%)

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Sell (4)

Hang Seng

17,763.03

+16.12 (+0.09%)

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↑ Sell

Moving Avg:

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Sell (12)

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Buy (1)

Sell (6)

US Small Cap 2000

1,973.05

-42.98 (-2.13%)

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↑ Sell

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Sell (12)

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Buy (0)

Sell (7)

IBEX 35

10,854.40

-246.40 (-2.22%)

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Neutral

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Buy (3)

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BASF SE NA O.N.

49.155

+0.100 (+0.20%)

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Bayer AG NA

27.35

-0.24 (-0.87%)

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Allianz SE VNA O.N.

266.60

+0.30 (+0.11%)

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Moving Avg:

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Sell (12)

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Buy (3)

Sell (5)

Adidas AG

226.40

-5.90 (-2.54%)

Summary

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Buy (2)

Sell (7)

Deutsche Lufthansa AG

6.714

-0.028 (-0.42%)

Summary

Neutral

Moving Avg:

Buy (3)

Sell (9)

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Buy (9)

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Siemens AG Class N

175.90

-1.74 (-0.98%)

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Deutsche Bank AG

15.010

-0.094 (-0.62%)

Summary

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Moving Avg:

Buy (4)

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Indicators:

Buy (6)

Sell (2)

 EUR/USD1.0658↑ Sell
 GBP/USD1.2475↑ Sell
 USD/JPY157.91↑ Buy
 AUD/USD0.6469Neutral
 USD/CAD1.3780↑ Buy
 EUR/JPY168.32↑ Buy
 EUR/CHF0.9808Neutral
 Gold2,295.80↑ Sell
 Silver26.677↑ Sell
 Copper4.5305↑ Buy
 Crude Oil WTI81.14↑ Sell
 Brent Oil85.62↑ Sell
 Natural Gas1.946↑ Sell
 US Coffee C213.73↑ Sell
 Euro Stoxx 504,920.55↑ Sell
 S&P 5005,035.69↑ Sell
 DAX17,921.95↑ Sell
 FTSE 1008,144.13Sell
 Hang Seng17,763.03↑ Sell
 Small Cap 20001,973.05↑ Sell
 IBEX 3510,854.40Neutral
 BASF49.155↑ Sell
 Bayer27.35↑ Sell
 Allianz266.60↑ Sell
 Adidas226.40↑ Sell
 Lufthansa6.714Neutral
 Siemens AG175.90↑ Sell
 Deutsche Bank AG15.010Neutral
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank8,300/ 8,500
(8,300/ 8,500) # 1,298
SJC 1L, 10L, 1KG8,300/ 8,520
(0/ 0) # 1,510
SJC 1c, 2c, 5c7,380/ 7,550
(0/ 0) # 540
SJC 0,5c7,380/ 7,560
(0/ 0) # 550
SJC 99,99%7,370/ 7,470
(0/ 0) # 460
SJC 99%7,196/ 7,396
(0/ 0) # 386
Cập nhật 01-05-2024 10:45:19
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RON 95-V25.44025.940
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E5 RON 92-II23.91024.380
DO 0.05S20.71021.120
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Dầu hỏa 2-K20.68021.090
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$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD25.088,0025.458,00
EUR26.475,3627.949,19
GBP30.873,5232.211,36
JPY156,74166,02
KRW15,9219,31
Cập nhật lúc 10:45:15 01/05/2024
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