✨Pop quiz: Did the U.S. retire more coal plants during the Trump administration, or during the last four years of Obama?

trib.al/dzkD45b
Surprise! As much as Trump promoted fossil fuels, more coal was retired under his watch than during Obama's last four years.

The lesson: When it comes to clean energy, never underestimate the power of state and local leadership — and market forces trib.al/dzkD45b
Fun fact: The U.S. is actually within striking distance of reaching the goal it set under the Paris climate agreement, a 26% to 28% reduction in emission levels by 2025.

In fact, local and state leadership alone could take us to 37% by 2030 trib.al/dzkD45b Image
While the Trump administration was trying to drag us backwards, cities, states and businesses were racing ahead.

President Joe Biden needs to encourage these initiatives, write @MikeBloomberg and @CarlPope trib.al/dzkD45b Image
Biden’s decision to rejoin the Paris agreement on his first day in office sends a powerful message, but those paying close attention know that America never abdicated its leadership role.

The action was just happening from the ground up trib.al/dzkD45b Image
It was local groups and market forces which combined to retire more coal plants than the previous four years.

Going back to 2010, these forces have helped trigger the retirement of about two of every three (339 out of 530) U.S. coal plants trib.al/dzkD45b Image
Cities, states and businesses have been blazing a clean energy trail and shown that the faster we move away from fossil fuels, the:

🌱More dynamic and prosperous our economy will be
🌱Healthier our lungs will become
🌱Safer from natural disasters we'll be trib.al/dzkD45b Image
One of the most important steps the Biden administration can take to achieve its climate goals is actually one of the simplest:

Empower cities and states to pursue their own climate agendas — and don’t allow industry to block them trib.al/dzkD45b Image
A national policy that brings the entire country the benefits of a climate-resilient future is still vital.

But the pacesetters in the clean-energy transition will be the cities, states and companies that have already begun the process trib.al/dzkD45b Image

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More from @bopinion

26 Feb
When the country began closing down last March, it was clear that food supply chains would be severely tested.

But nobody predicted that we’d run out of Grape-Nuts trib.al/eMfXm5K
Grape-Nuts ran out in early December, and won’t be back at full capacity until mid-March. Other cereals have also been hit by capacity and supply constraints:

🥣Cheerios
🌽Corn Flakes
❄️Frosted Flakes
🍯Honeycomb trib.al/eMfXm5K
The past year has been weird for the breakfast-cereal industry. Not bad -- sales were up.

But for companies that were used to decline, or at least stagnation, the sudden increase in demand was a shock. So, do Americans really love cereal again? trib.al/eMfXm5K
Read 12 tweets
25 Feb
In October 1999, 5 months before the internet bubble burst, @opinion_joe wrote a cover story for Fortune magazine titled “Trader Nation.”

It was about how Americans were embracing the stock market, with some even quitting their jobs to become day traders trib.al/t0aIgaQ
Two decades later, Nocera is interviewing the same individuals again to find out how living through a stock bubble can affect investors for the rest of their lives trib.al/t0aIgaQ Image
The original Fortune article was set in Providence, R.I., where residents were getting caught up in the stock market.

Even the mayor, Vincent “Buddy” Cianci, was addicted to the market during the dot-com bubble trib.al/t0aIgaQ Image
Read 8 tweets
21 Feb
At a time when most major companies are working on plans to cut their carbon emissions, one of the darlings of green investing is working to increase its emissions footprint bloom.bg/3umtBXJ
Not only are Tesla's total emissions set to grow — an inevitable consequence of growth in our carbonized world — but the amount of pollution each of its cars generates will, too, thanks to:

🇨🇳An explosive expansion in China
🇮🇳A planned car plant in India bloom.bg/3umtBXJ
Carmakers’ emissions include the pollution their vehicles emit while they’re being driven.

Thanks to all the gasoline and diesel that gets burned over the lifetime of the cars they sell, Volkswagen is responsible for more emissions than oil producer Total bloom.bg/3umtBXJ
Read 13 tweets
20 Feb
The Covid-19 housing boom is even bigger than we Imagined.

The latest data on household finances shows the extent to which record-low mortgage rates and surging home prices turbocharged the economic recovery trib.al/5FJjtRb
Each quarter, the Federal Reserve Bank of New York releases a report on household debt and credit. Its strategists decided to dig deeper into:

🏡Mortgage originations
🏡The types of buyers during Covid
🏡Those who take out cash against their home equity trib.al/5FJjtRb
While much of what they found confirms many of the narratives about the housing market, it’s the sheer magnitude of the move that’s breathtaking.

It puts into context where the economy stands almost one year after the coronavirus crisis began in the U.S. trib.al/5FJjtRb
Read 12 tweets
19 Feb
It’s been about a year since the early coronavirus alarms were raised, and despite a decline in infections, fears are rising.

New Covid-19 variants are making pessimists worry that an even bigger wave may be coming trib.al/zy0fj0N
It’s true that the virus is mutating in ways more profound than biologists anticipated last summer.

But new research suggests that there may be limits to how many tricks Covid-19 has up its sleeve — and that may make it easier for vaccines to keep up trib.al/zy0fj0N Image
If scientists have been blindsided by the variants, it’s because they hadn’t realized that this virus tends to mutate in a way that’s distinct from influenza or HIV.

Covid-19 has a talent for shape-shifting by dropping pieces of its genetic code trib.al/zy0fj0N Image
Read 12 tweets
18 Feb
Governments don’t always consider how economic shocks impact women and men differently.

When the 2008 recession hit, few asked how stimulus measures would affect women compared with men. That approach won’t work for the Covid-19 crisis trib.al/Zk3P4ng
Latin American women were 50% more likely than men to lose a job in the pandemic’s first months.

As leaders face the challenge of rebuilding post-pandemic economies, women must be at the center of their strategies, write @melindagates and @DavidMalpassWBG trib.al/Zk3P4ng Image
Women tend to be heavily employed in vulnerable sectors such as:

🛍️Retail
🍽️Restaurants
🛎️Hospitality

They also often work in informal jobs that lack paid sick leave or unemployment insurance. When jobs disappear, women have no safety net to fall back on trib.al/Zk3P4ng Image
Read 13 tweets

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