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🟡 Semafor Net Zero: Geothermal hits a cold spell
The latest federal lease auction for geothermal drilling was a bust.
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Geothermal energy is heating up, but not yet boiling
The latest federal lease auction for geothermal drilling was a bust.
slworking2/Flickr
Arctic emitted more carbon than it stored for first time in 2024, US report finds
Rising temperatures are causing the permafrost to melt, releasing greenhouse gases and further accelerating global warming.
Adam Scotti/Canadian Prime Minister’s Office/Handout via REUTERS
Most of globe has become more arid, UN finds, as COP16 talks continue in Riyadh
The UN report comes as world leaders meet in Saudi Arabia for the agency’s COP16 conference on land desertification.
Ivan Alvarado/File Photo/Reuters
OPEC is gearing up for a game of chicken with Trump
Trump’s tiffs with Iran and China will define the next year of oil prices.
Maxim Shemetov/Reuters
OPEC+ extends oil production cuts until April as it waits on Trump
The group of oil exporters is curtailing about 6% of global oil supply, as they wait to see how the US president-elect’s priorities play out.
Dado Ruvic/File Photo/Reuters
Law firm behind ambitious climate litigation to cut 100 jobs
Pogust Goodhead was among the most prominent law firms to employ litigation finance to pursue lawsuits against companies alleged to have damaged the environment.
Wikimedia Commons
Barbados completes world-first climate debt swap
The deal will free up $125 million for Barbados to invest in climate-resistant water infrastructure upgrades.
Biden is racing to dole out clean energy cash before Trump cuts it off
The lending office Donald Trump mothballed in his first term could be harder to shutter this time around.
CEO of Edison International urges Trump to remain in Paris Agreement
Pedro Pizarro, who leads Edison International, is the latest business leader to warn of the consequences of the US withdrawing from climate diplomacy.
Vanuatu says landmark ICJ climate change case is about ‘survival’
The United Nations’ top court will consider if the world’s largest carbon-emitting nations should pay reparations to smaller, climate-vulnerable ones.
Amazon AI data centers could double as carbon capture machines
The new technology will help offset the effects of the additional energy required to power the centers.
China’s CO2 emissions may have peaked, experts say
China is responsible for 90% of the global growth in emissions since 2015, but it has added green energy capacity at an unprecedented rate.
A European bankruptcy shows a new strategy is needed to counter China’s EV dominance
The sweeping trade barriers proposed by Trump could hurt nascent manufacturers more than help.
Global effort to end plastic pollution faces final hurdle
Negotiators gathered in South Korea to debate whether to cap the amount of plastic companies can make or to ban certain chemicals used in their manufacture.
‘This is an insult’: Developing nations decry COP29 $300B funding agreement
Climate delegates from India, Africa, and small island nations criticized the final deal, which also saw no change to how much China must contribute.
The COP29 deal is even smaller than it looks
Rich countries have a bad track record on keeping their climate finance promises, and the Baku agreement does little to help.
COP29 draft proposes wealthy nations pay $250B a year in climate finance
The first concrete number to be discussed in the two-week conference has triggered anger among developing country delegates as falling far short.
COP faces an existential crisis in Baku
None of this matters if countries stop showing up.