Exxon’s “net zero” climate goal misses the point

Even among major oil companies, ExxonMobil has been reluctant to take the climate change crisis seriously. A July 21 analysis by the World Benchmarking Alliance, a group of sustainability-oriented nonprofits and financial institutions, gave Exxon a score of 5.2 out of 100 in how well its corporate strategy is aligned with the Paris Agreement goal […]

The climate tech SPAC boom is just beginning

The hype surrounding special purpose acquisition companies (SPACs), may be cooling off after a year in which they were the hottest new thing on Wall Street. But the companies—which are designed to merge with or acquire a promising startup that needs quick access to a lot of capital without the expense, time, and regulatory hassle […]

China’s new carbon market isn’t designed to fix climate change

China opened the world’s largest carbon trading market on July 16, more than a decade after its government first proposed the idea. The market covers about 2,200 power plants that account for 40% of the country’s world-leading carbon footprint, and may expand over time to cover other high-emissions sectors like steel and cement production. Like […]

Europe’s new tax on high-carbon imports is bad news for China

Last month, European lawmakers set the bloc’s climate goals in stone, legally committing to reduce net greenhouse emissions 55% below 1990 levels by 2030, and to reach net zero by 2050. Now they’re about to tackle the hard part: Agreeing on how to actually do that. On July 14, the European Commission introduced a set […]

BlackRock’s Larry Fink is calling BS on Big Oil’s climate strategy

Big Oil and gas companies are under unprecedented pressure from shareholders, courts, regulators, and the public to cut their carbon emissions to help avert climate change. Many are choosing to hone their business in on the most efficient, high-yielding assets—rigs, drilling rights, refineries, pipelines, and the like—and sell off whatever’s particularly carbon-intense. According to the […]

The IMF wants poor countries’ debt erased in exchange for climate action

In 2011, the Seychelles, an archipelago nation of 100,000 people in the Indian Ocean, decided it should do more to protect the marine ecosystems that comprise 99% of its territory. There was just one problem: The country was broke, staggering under more than $900 million in debt (nearly equal to its GDP) to France and […]

The heatwave in the US and Canada is what climate change really looks like

The heatwave that wracked the US northwest and western Canada over the last few weeks, leaving hundreds dead and fueling an ongoing wave of catastrophic wildfires, would have been “virtually impossible without human-caused climate change,” according to a new scientific report. Temperatures in the northwest and Canada have moderated this week. Next up is California, […]

How to keep your house cool during a heatwave without making climate change worse

Western parts of the US and Canada are baking in a record-setting heatwave, with temperatures at or above 110 degrees Fahrenheit (43 degrees Celcius) in Sacramento, Seattle, Portland, Vancouver and elsewhere in the region. The heat on June 28 was so intense that it caused rolling blackouts across Washington and Oregon, and literally melted power […]

How goats helped a Malawian activist win a ban on single-use plastics

Gloria Majiga-Kamoto never intended to lead an environmental revolution in Malawi. Her focus was on agriculture, and helping farmers adapt to climate change in one of the most vulnerable countries in the world to drought and other impacts. But during her time on farms, an even more immediate concern became unavoidable: A tidal wave of […]

John Kerry cautions Egypt against fossil fuels

The top US climate diplomat John Kerry visited Egypt, Saudi Arabia, and the United Arab Emirates this week, in a tour aimed at drumming up support for climate action ahead of COP26, the global summit in Glasgow in November. In an interview with Quartz on his way out of Cairo, Kerry lauded Egypt’s work on building […]