Minutes after he was sworn in as 47th president of the United States, Donald Trump signaled his intention to rapidly increase production of oil and gas.

As he prepares to leave office, President Joe Biden has submitted a new U.S. emissions-reduction target to the U.N., committing the country to cutting its greenhouse gas emissions economywide by 61 to 66% below 2005 levels by 2035.

President Biden and Vice President Harris will not travel to Azerbaijan for COP29, but a group of U.S. mayors, governors and corporate leaders is carrying a message of continued commitment to the goals of the Paris Agreement.

The topline figures from EPA’s new inventory of U.S. greenhouse gas emissions from 1990 to 2022 show the country’s slow and uneven progress toward President Joe Biden’s goal of cutting emissions by 50 to 52% below 2005 levels by 2030.

Earth is living through its hottest year on record, and global efforts to curb human-generated greenhouse gas emissions driving those high temperatures are not keeping up with commitments to cut emissions.

Hydrocarbons are not going away anytime soon despite growing climate financing and escalating renewables deployment, industry analysts said.

DOE announced a pair of funding opportunities for battery manufacturing and carbon storage designed to spur grid storage, electrification and emission reductions.

The United Nations' global stocktake report showed that while some steps have been taken on climate change, more work is needed and soon to avoid its worst impacts.

The IRA is pushing carbon cuts like no other enacted policy in the U.S.,  but more needs to be done to meet the international pledges from the Paris Agreement, Rhodium Group said in a report.