Congratulations to consumers the world over, who on Friday were spared a new tax—for now at least. This week we warned that a United Nations agency you’ve never heard of was about to impose the first global carbon tax—on shipping. We’re pleased to report it blinked. The International Maritime Organization (IMO), an arm of the...
Indonesia’s President Prabowo Subianto has issued a new decree to restart international carbon emission trading after a four year hiatus, according to a copy of the decree seen by Reuters on Wednesday. The Southeast Asian country issued carbon market rules in 2021 that focused on compliance carbon markets rather than transactions in voluntary markets. Read...
What we didn’t see reported was the actual progress made during the sessions (or outside the sessions). An important event quietly brought together the leaders of Botswana, Mozambique, Namibia, and South Africa, along with bipartisan leadership from Congress, and philanthropists representing the Walton Family to the Bezos Earth Fund, all around a central theme of conservation and international cooperation.
President Trump’s comments drew quick condemnation, with California Governor Gavin Newsom arguing the US is “ceding our leadership to China.” But anyone seriously claiming that China is a global leader on climate policy has not been paying attention.
“The West does not need to develop a home-grown substitute for the entire Chinese rare-earth industry to reduce the threat China’s monopoly poses,” the Economist article concluded. Indeed, “the West could ‘significantly derisk’ by cutting its reliance on China to 60-70 percent of consumption. That would provide sufficient alternative supply for the most critical uses.”
Goldman Sachs expects OPEC+ to raise oil production quotas by 140,000 barrels per day for November, it said on Tuesday, ahead of the group’s meeting on Sunday. It said, however, a larger production hike was also plausible, citing factors including an only modest increase in OECD commercial stocks in Europe and Asia. Total inventories remain...
Call it a nuclear moonshot: The U.S. aims to deliver a reactor to the lunar surface and beat a push by China and Russia to do the same. In August, NASA Acting Administrator Sean Duffy directed the agency to fast-track an effort to land a reactor on the moon by late 2029. The agency wants...
The United States faces a growing strategic challenge: China has emerged as the world’s dominant energy financier, outpacing the U.S. nearly ten-to-one in global markets and establishing itself as a primary partner in key nations like Brazil. This first-of-a-kind analysis of U.S. and Chinese energy finance shows that, since 2015, China has outpaced the U.S. by more than 100x in public energy finance in Brazil, $60B to $472M.
During Trump’s visit, the United States and the United Kingdom are expected to sign several nuclear power deals under the Atlantic Partnership for Advanced Nuclear Energy.
The Australian government said on Wednesday it would invest A$1.1 billion ($735 million) in the development of a low-carbon fuels industry, a move welcomed by farm groups, who hope it will boost demand for biofuel feedstocks like canola and sugarcane. The money, to be released over 10 years from 2028, is intended to stimulate private...
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