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🟡 Semafor Net Zero: Wall Street is ready to bet big on SAF
Thanks to maturing technology and overwhelming customer demand, Wall Street is ready to bet big on sustainable aviation fuel.
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Green jet fuel producers are crossing a daunting climate tech barrier
Thanks to maturing technology and overwhelming customer demand, Wall Street is ready to bet big on sustainable aviation fuel.
Marco Bello/Reuters
Flash floods in Spain kill 51 people
One municipality in Valencia recorded over a year’s worth of rain in eight hours.
Jon Nazca/Reuters
Greenhouses gases hit record high as countries struggle to meet climate targets
The UN climate head said current climate pledges “fall miles short” of the reductions needed to limit global warming this decade.
Calvin Chang/File Photo/Reuters
Top climate advisor: Half of US solar capacity came during Biden administration
Speaking at Semafor’s World Economy Summit, Ali Zaidi said he partly credits the Inflation Reduction Act.
Tasos Katopodis/Getty Images
A clean energy ‘supermajor’ wants to expand its megadeal
Brookfield Asset Management promised to supply Microsoft with 10.5 gigawatts of clean power in May. It’s already looking to grow that deal.
Bing Guan/Reuters
Tesla says Cybertruck reached profitability as quarterly earnings beat estimates
The electric vehicle maker reported its Cybertruck had reached profitability for the first time.
Mike Blake/Reuters
One big loophole threatens the global energy transition
Captive coal could jeopardize decarbonization efforts worldwide.
EU backs nuclear power ahead of COP29
A push for low-emission energy appears to have swayed ministers on the politically divisive power source.
Inside a Chinese battery giant’s plan to become ‘more European’
In Germany, EV battery company CATL is reducing its Chinese headcount, straying from Mandarin as the lingua franca, and expanding cultural trainings, officials told Semafor.
The US’ most important climate elections this fall are local
Arizona could see its state legislative majority flip for the first time in decades, putting climate action back on the table.
More Americans are moving to areas with higher climate risks
Migration to southern, higher-risk states has sped up since the COVID-19 pandemic, as house prices and remote-working opportunities have increased.
World nears new ‘age of electricity,’ led by China
The demand for fossil fuels looks set to peak by the end of the decade, the global energy watchdog said in its annual report.
It’s a golden age for climate PR firms
Climate comms shops are trying to help their clients avoid greenwashing, but fossil fuels remain an elephant in the spin room.
Hurricanes’ multibillion-dollar insurance bill presents a ‘reckoning’ for US lawmakers, businesses
The toll could affect the entire country’s economy through the end of 2024, Federal Reserve officials warned.
Clean energy needs new strategies to survive climate change
Hurricane Helene exposed how vulnerable the clean energy system is to extreme weather.
Hurricanes, floods, and droughts: The impact of extreme weather is being felt around the world
As hurricanes batter the US, Latin America battles drought, and some African regions experience record floods.
Brazil plans to dredge the Amazon River. Scientists say the consequences may be devastating.
Experts believe dredging could unearth buried mercury deposits, which would harm the Amazon’s fragile ecosystem.
Solar boom in China turns electricity prices negative
China is building twice as much wind and solar as the rest of the world combined.