"Cotton farmers in Texas suffered record losses amid heat and drought last year, new data shows. It’s an example of how global warming is a “secret driver of inflation.”"
With a new Congress in place and the seemingly never-ending political races to track, reporters can often learn a good deal about how environmental policy is influenced by looking into campaign and lobbying donations. Backgrounder takes a deep dive into the topic, pointing to important sources of information and data … and their limitations.
"Even as global governments raise their ambitions to cut fossil fuels in the future, they spent a record $1 trillion last year subsidizing energy sources that are the main driver of climate change."
"With many developing nations facing a triple whammy of rising debt loads, climate change and nature loss, conservationists say the answer could lie with a financial instrument enabling them to tackle all three at once: "debt-for-environment swaps".
"America’s top Wall Street regulator might scale back a proposal that would require public companies operating in the United States to disclose their greenhouse gas emissions and any financial risks they face from global warming."
"When it comes to illegal fishing, London’s ancient business of ship insurance may not get much attention. But according to a new complaint, the UK capital’s insurance industry is partly to blame when fishing vessels “go dark” at sea by turning off their mandatory satellite tracking equipment."
"Global spending on electric vehicles is surging. According a new report published by BloombergNEF on investment in the energy transition, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before."
"It’s the end of an algal era: Exxon is backing out of a biofuel effort that the company has for years centered as part of its work in clean energy."
"Ford Motor Co. announced Monday it will build a $3.5 billion electric vehicle battery plant in Michigan that uses Chinese technology, a move the company believes will bolster its ability to take advantage of President Joe Biden’s landmark climate law."
"Climate commitments by companies aren’t always as green as they seem. A new report concludes major brands are exaggerating how ambitious their efforts to cut greenhouse gas emissions are — in effect misleading consumers, investors and governments."
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