Can Trump claw back climate money?

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News, Business

4.5 • 1.4K Ratings

🗓️ 13 November 2024

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

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Summary

President Biden’s hallmark Inflation Reduction Act set aside nearly $150 billion for various climate projects. But not all of that money has been spent, and President-elect Trump has vowed to take it back. The question, is how much money is leftover? Kimberly explains why it’s taken years to get the money out the door. Plus, we’ll unpack some gains in women’s sports and wage growth.

Here’s everything we talked about today:

“Carbon emissions from fossil fuels hit record highs in 2024: report” from Axios
“Dreaming of snow this winter? Look up the forecast in your area.” from The Washington Post
“Fossil fuel CO2 emissions increase again in 2024” from the Global Carbon Project
“The mystery number that’s key to whether Biden’s spending survives” from Politico
“Women’s baseball players could soon have a league of their own again” from AP News
Tweet from The Washington Post’s Heather Long about wage growth

Got a question for the hosts about the election, Trump’s next presidency and the U.S. economy? Email us at makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.

Transcript

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0:00.0	Hello everyone, I'm Kimberly Adams.
0:08.3	Welcome back to Make Me Smart, where we make today make sense.
0:11.9	And I'm Amy Scott in for Kai Rizdal.
0:14.4	Thanks for joining us on this Wednesday.
0:16.3	It is November 13th.
0:19.0	And today we're going to do a little news. We're going to do a smile. Let's start with the news. Amy, go ahead.
0:24.6	Okay, well, I promise you all I tried to look for something else to talk about today because I know we've done a lot on climate.
0:32.6	But this is my beat. This is the news.
0:35.6	Hey, look, if the interest you, it interests you, do it. Yeah, I know. Well, this is my beat. This is the news. Hey, look. If it interests you, it interests you. Do it.
0:39.9	Yeah, I know. Well, this is really important. So new research was published today from the Global Carbon Project, which is a group of researchers around the world studying the climate crisis. And they're projecting that global carbon emissions from fossil fuels reached
0:56.7	another record high this year, up eight-tenths of a percent from last year, and also said
1:02.9	that there is no sign that the world has reached a peak. I'm quoting from the press release here,
1:09.4	just so you know who's involved. This research team included the University of Exeter, the University of East Anglia, Cicero Center for International Climate Research, Ludwig Maximilian University, Munich.
1:20.3	It goes on plus 80 other institutions around the world.
1:23.6	So there's a lot of folks involved, a lot of smart people doing this research.
1:27.3	And, you know,
1:28.2	this comes as 2024 is expected to yet again be the hottest year on record globally. And as world
1:34.7	leaders are gathered in Azerbaijan for the annual COP climate summit. I did want to point out
1:40.9	some good news, though. I mean, it's marginally good news, which is a few countries, including the U.S., actually, are projected to see fossil fuel emissions decline this year.
1:53.6	European Union down 3.8 percent. U.S. emissions are projected to decrease by 0.6 percent, and China's are projected to rise by
2:04.2	only 0.2 percent or even fall, which is really significant, though unfortunately this progress
2:11.2	is more than overshadowed by increases from elsewhere in the world, including India, where
	...

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