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Climate

GM Announces the Return of the Hybrids

On an automaker rerouting, crypto carbon accounting, and more.

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AM Briefing: Return of the hyrids.

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Current conditions: The city of Oakland, California opened two emergency shelters for unhoused residents ahead of storms that brought the threat of floods to the state • Dense fog is disrupting flights and trains in Delhi, which is experiencing its coldest January in 13 years • A heat wave in Australia, where it’s currently the summer, is breaking temperature records.

THE TOP FIVE

1. Podesta to become new climate envoy

Senior Biden advisor John Podesta will take over from former Secretary of State John Kerry as the U.S. special envoy for climate change, the White House announced. Kerry, who’s stepping down this spring, was the first person to hold the position; while his role was based at the State Department, Podesta will instead remain at the White House, reports Maxine Joselow in the Washington Post, with his title changing to “senior adviser to the president for international climate policy.”

The appointment marked an expansion of Podesta’s current role implementing Biden’s signature climate law, the Inflation Reduction Act. He’s going to continue that work — which, Joselow writes, probably means he’ll travel less often than Kerry — but will now also be tapped to help Biden manage relationships with foreign powers.

If you’d like some insight into how Podesta thinks about climate change and the IRA, our interview with him from the sidelines of COP 28 in Dubai might be a good place to start.

2. Climate laws begin at home

The IRA and the Infrastructure Investment and Jobs Act (better known as the Bipartisan Infrastructure Law, or BIL) are filled with subsidies to help with the clean energy transition. But, as I wrote on the site yesterday, a new study shows that while the share of funds for household improvements in each act is relatively small — about 12% in the IRA and 5.7% in the BIL — the impact those improvements could have on emissions is proportionally huge. Household emissions, the study authors write, could decrease by as much as 40% by 2030.

3. GM’s bringing back hybrids

In the face of dealer protests, GM CEO Marry Barra told investors this week that the automaker would bring back plug-in hybrids. That's a reversal from the company’s stance of just a few years ago, reports David Ferris at E&E News, when GM said it was “all in” on electric vehicles, and is a sign of the difficulties automakers have faced in trying to switch over to EVs.

The announcement comes the same week as new data showing EVs and hybrids made up more than 16% of total light-duty vehicle sales in the U.S. in 2023, up from 12.9% in 2022. Italian luxury automaker Lamborghini also announced that it will start producing hybrid versions of all its models.

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  • 4. Crypto mines face an energy accounting

    Next week the Department of Energy’s Energy Information Administration will start collecting data on the energy use of cryptocurrency mining, reports Justine Calma in The Verge. It’s a win for activists and lawmakers who have long warned of the climate impacts of crypto projects, which are so energy-hungry that they’ve spurred the reopening of some shuttered fossil fuel plants.

    “We intend to continue to analyze and write about the energy implications of cryptocurrency mining activities in the United States,” said EIA Administrator Joe DeCarolis in a press release. “We will specifically focus on how the energy demand for cryptocurrency mining is evolving, identify geographic areas of high growth, and quantify the sources of electricity used to meet cryptocurrency mining demand.”

    A crypto mining rig.luza studios/Getty Images

    5. Ford to give away Tesla charger adapters

    Ford will send free Tesla charging adapters to owners of its Mustang Mach-E and Ford F-150 Lightning EVs in the U.S. and Canada, announced CEO Jim Farley on X. The adapters will allow Ford owners to access one of the largest and most reliable charging networks in the country. They’re also another nail in the coffin of the Combined Charging Standard or CCS, which Ford and other automakers defaulted to before Ford — followed shortly after by practically every other automaker in the country — announced it would switch to the Tesla plug, which is now known as the North American Charging Standard.

    THE KICKER

    The Sun’s magnetic poles are due to flip starting this year, writes Brian Resnick in Vox. The flip could cause solar storms that disrupt communications satellites, but will also lead to more vivid auroras. So start planning your aurora trips now — just maybe don’t count on having GPS the whole way.

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    Daily Briefing

    Did Gas Prices Eat Trump’s Tax Cut?

    Average U.S. gasoline prices have slipped back above $4 a gallon.

    A gas pump.
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    A decade ago, the Princeton economists Alan Blinder and Mark Watson published a paper about a fact that they called “not nearly as widely known as it should be”: The U.S. economy has done better under Democratic presidents than Republican presidents.

    Blinder was not a completely impartial observer — he served on President Bill Clinton’s Council of Economic Advisers, and Clinton later appointed him vice chair of the Federal Reserve — but he and Watson compiled a lengthy list of statistics to back up their claim. The U.S. economy has grown faster, produced more jobs, had a lower unemployment rate, seen higher corporate profits and investment, and experienced better stock market performance under Democrats than Republicans. While the original paper described this divergence from 1947 to 2013, recent research has shown that it held through the subsequent Obama, Trump, and Biden administrations.

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    Data Centers Will Use Enough Electricity to Power Every U.S. Household by 2035

    The latest forecast from BloombergNEF raises its estimate for AI electricity demand by 83%.

    A data center and power lines.
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    Energy analysts at BloombergNEF predicted last year that U.S. data center electricity demand would reach 106 gigawatts within the next decade. In its latest outlook, released Tuesday, the group increased its forecast by 83%, to 194 gigawatts — enough to light up 150 million homes, or roughly every single household in the country today.

    Even that may be a conservative estimate. If data center developers were to max out the total number of the high-powered chips used to train and operate AI models forecast to be delivered by 2035, electricity demand would reach 229 gigawatts.

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    The Data Center Paradox

    On solar PPAs, German EVs, and copper prices

    A data center.
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    Current conditions: Tropical Depression Two strengthened into Tropical Storm Bertha yesterday, recycling the name of the 1996 Atlantic hurricane season’s first major storm • Floods from the monsoon season killed at least four people in Vietnam and left as many missing • Lightning in Utah sparked the state’s latest wildfire, the Meeks Fire, near the Strawberry Reservoir.

    THE TOP FIVE

    1. Trump imposes 50% tariffs on Canada

    President Donald Trump’s on-again, off-again feud with America’s northern neighbor is, as of Monday, back on again. The White House imposed 50% tariffs on most Canadian goods, accusing the nation’s geographically nearest ally and closest cultural bedfellow of unfairly discriminating against American automotives, alcohol, and dairy products. The move threatens to unleash what the Associated Press called “a new wave of economic chaos, with risks of higher inflation and further fraying of relations between two nations that had been closely woven together before Trump’s return” to office.

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