Per CNN President Joe Biden on Friday convened a meeting of more than 20 of the world’s largest economies to discuss steps to curb methane emissions to address the climate crisis as well as efforts to stabilize global energy markets amid Russia’s invasion of Ukraine. At the US-hosted Major Economies Forum on Energy and Climate, the President argued Russian President Vladimir Putin’s war has “sharpened the need to achieve long-term reliable energy security and stability,” and fueled a “global energy crisis.” Biden on Friday announced the US and European Union have launched the next step of their global methane pledge to reduce emissions of the planet-warming gas by 30% by 2030. The so-called energy pathway will focus on eliminating routine flaring in fossil fuel operations — the burning of natural gas that happens in oil extractions — and focus on ways to cut methane pollution in the oil and gas sector. “Each year our existing energy system leaks enough methane to meet the needs for the entire European power sector. We flare enough gas to offset nearly all of the EU’s gas imports from Russia. So by stopping the leaking and flaring of the super potent greenhouse gas and capturing this resource for countries that need it, we’re addressing two problems at once,” Biden said, speaking virtually with the other leaders from the White House. Biden on Friday also announced a new global initiative focused on raising $90 billion to develop and scale new clean technologies to decarbonize. The US will devote $21.5 billion to this effort, with funds already passed in Biden’s bipartisan infrastructure law. The President said the new initiatives — which do not require congressional approval — were part of the US’ overall efforts to bolster energy security, reduce dependence on Russian gas, bring down gas and energy prices and reduce greenhouse gas emissions.
Per Wikipedia: Joseph Robinette Biden Jr. was born November 20, 1942 and is an American politician who is the 46th and current president of the United States. A member of the Democratic Party, he served as the 47th vice president from 2009 to 2017 under Barack Obama and represented Delaware in the United States Senate from 1973 to 2009. Biden was born and raised in Scranton, Pennsylvania, moving with his family to New Castle County, Delaware, in 1953 when he was ten. He studied at the University of Delaware before earning his law degree from Syracuse University in 1968. He was elected to the New Castle County Council in 1970 and became the sixth-youngest senator in U.S. history after he was elected to the United States Senate from Delaware in 1972, at age 29. Biden was the chair or ranking member of the Senate Foreign Relations Committee for 12 years and was influential in foreign affairs during Obama’s presidency. He also chaired the Senate Judiciary Committee from 1987 to 1995, dealing with drug policy, crime prevention, and civil liberties issues; and oversaw six U.S. Supreme Court confirmation hearings, including the contentious hearings for Robert Bork and Clarence Thomas. He ran unsuccessfully for the Democratic presidential nomination in 1988 and 2008. Biden was reelected to the Senate six times and was the fourth-most senior sitting senator at the time when he became Obama’s vice president after they won the 2008 presidential election, defeating John McCain and his running mate Sarah Palin. Obama and Biden were reelected in 2012, defeating the Republican ticket of Mitt Romney and Paul Ryan. During eight years as vice president, Biden leaned on his Senate experience and frequently represented the administration in negotiations with congressional Republicans, including on the Budget Control Act of 2011, which resolved a debt ceiling crisis, and the American Taxpayer Relief Act of 2012, which addressed the impending “fiscal cliff”. He also oversaw infrastructure spending in 2009 to counteract the Great Recession.
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