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Reproduced from IEA; Chart: Axios Visuals

The effects of climate change can create new hurdles to the fight against climate change.

What's happening: New International Energy Agency reports on southeast Asia have eye-popping numbers on the rise of air conditioning use. This reflects IEA’s “stated policies” scenario that assumes existing policies and plans, as well as evolution of “known technologies.”

  • It's largely due to higher incomes and economic growth as more people, thankfully, have access to cooling that's taken for granted in rich countries.
  • However, IEA notes that "rising temperatures will also play a part in these growth rates" and more heat and humidity also mean more frequent use.

Why it matters: It adds to soaring energy demand in the region. And while renewables are growing, IEA sees growth in use of all fossil fuels — including coal — through 2040 too.

  • What's next: The IEA reports offer recommendations for boosting the efficiency of cooling and more broadly speeding up renewables deployment.

And the hotter and drier conditions climate change brings are among the slew of forces that are increasing the risks of devastating fires in California and elsewhere.

  • A deeply reported L.A. Times piece this week explores how those fires could frustrate emissions-cutting efforts in California, the world's fifth largest economy.
  • The Times' Sammy Roth writes: "[California's] plans for slashing climate emissions depend on a stable electric grid delivering clean electricity to the cars, homes and businesses of the world’s fifth-largest economy."
  • "The jarring new reality of preemptive blackouts could frustrate those plans by throwing the grid’s reliability into doubt."

The state of play: Those are just two instances of a wider challenge.

  • For instance, consider how global warming's various effects, such as its contribution to migration, can create problems that compete for attention with emissions-cutting efforts.
  • Limited budgets could mean tradeoffs between building resilience and reducing emissions to reduce future harm.

Go deeper: How your air conditioner plays catch-up to regulations

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Report: Goldman to settle DOJ probe into Malaysia's 1MDB for over $2B

Illustration: Lazaro Gamio/Axios

Goldman Sachs has agreed with the Department of Justice to pay over $2 billion for the bank's role in Malaysia's multi-billion dollar scandal at state fund 1MDB, Bloomberg first reported.

Why it matters: The settlement, expected to be announced within days, would allow Goldman Sachs to avoid a criminal conviction in the U.S. over the bribery and money laundering scandal that saw three of its former bankers banned for life from the banking industry by the Federal Reserve Board.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Politics: Americans feel Trump's sickness makes him harder to trustFlorida breaks record for in-person early voting — McConnell urges White House not to strike stimulus deal before election — Republican senators defend Fauci as Trump escalates attacks.
  2. Health: The next wave is gaining steam.
  3. Education: Schools haven't become hotspots — University of Michigan students ordered to shelter-in-place.
  4. World: Ireland moving back into lockdown — Argentina becomes 5th country to report 1 million infections.

Trump threatens to post "60 Minutes" interview early after reportedly walking out

Trump speaks to reporters aboard Air Force One, Oct. 19. Photo: Mandel Ngan/AFP via Getty Images

President Trump tweeted on Tuesday that he was considering posting his interview with CBS' "60 Minutes" prior to airtime in order to show "what a FAKE and BIASED interview" it was, following reports that he abruptly ended the interview after 45 minutes of taping.

Why it matters: Trump has escalated his war on the media in the final stretch of his re-election campaign, calling a Reuters reporter a "criminal" this week for not reporting on corruption allegations about Hunter Biden and disparaging CNN as "dumb b*stards" for the network's ongoing coronavirus coverage.