For China, COP26 is a vital marketing opportunity

The COP26 climate change summit is just weeks away, and China remains one of few major greenhouse gas-emitting countries to not have submitted a new carbon-cutting plan. As the world’s top CO2 emitter, China plays a decisive role in the 2015 Paris Agreement goal of limiting warming to 1.5°C above pre-industrial levels. Over the past […]

California’s oil spill is proof that climate action is worth the cost

The oil spill that slathered a stretch of prime California coastal real estate on Oct. 3 is the latest proof that the social costs of the energy transition pale in comparison to the costs of the fossil fuel economy. Global energy prices are on a bender, but policies to cut the economy’s climate footprint are only partially to […]

The US is making high-risk property owners bear more of the costs of climate change

The US government’s flood insurance program will see its biggest overhaul in 50 years today, in an effort to rescue it from at least $20 billion in debt brought on by mounting climate change disasters. Homes and businesses in high-risk flood zones with mortgages from government-backed lenders are required to hold flood insurance. Most of […]

The World Bank says climate change could displace more than 200 million people

Climate change impacts are projected to displace 216 million people in developing regions by 2050, according to a new report from the World Bank. Driven primarily by sea level rise and water scarcity, people will relocate within their own countries to cities and towns with more reliable access to natural resources and economic opportunity, the […]

The US isn’t ready for the new national security risks of clean energy

Securing a reliable, affordable supply of oil has long been a cornerstone of US national security strategy. But as the global economy begins a slow transition away from fossil fuels in an effort to avert devastating climate change, the geopolitical calculus around energy is shifting. In a world that uses no oil and gas, Saudi […]

The world’s biggest carbon-sucking machine is switching on in Iceland

We have to start removing carbon dioxide from the atmosphere to have any chance of averting the worst impacts of global warming, the Intergovernmental Panel on Climate Change said last month. The fossil fuel economy must be run in reverse, effectively. The simplest and lowest-cost way to do that—planting trees—requires a lot of land relative […]

Why can’t utilities get the money they need to make grids more resilient?

More than 1 million homes and businesses in Louisiana and Mississippi could be without electricity for weeks after Hurricane Ida devastated the power grid in New Orleans and the surrounding area on Aug. 29. Winds reaching up to 150 miles per hour knocked out a still-unknown number of transmission poles, all eight of the major […]

Maersk is betting $1.4 billion that Amazon is serious about climate change

Maersk, the world’s biggest shipping company, has placed an order for eight container ships that will run on liquid fuel produced using clean electricity, a carbon-neutral fuel, company executives said Aug. 24. The order is the biggest yet in an industry that is a significant contributor to climate change accounting for about 3% of global […]

China’s new carbon trading market isn’t working

The price of emissions credits in China’s carbon trading market reached a record low on Aug. 20, the latest sign that the market’s structural flaws are preventing it from working as an effective weapon against climate change. China launched its new carbon market in mid-July. It had been under development by government officials for more than […]