Axios

The killing of George Floyd in police custody and protests against systemic racism are prompting many green groups to declare their support for racial justice, and one thing to watch now is how this all might influence Joe Biden's platform.

Driving the news: Even before the recent mass upheaval in response to Floyd's death, Biden said he was expanding outreach and eyeing wider plans around environmental justice, or the disproportionate pollution burdens facing poor communities and people of color.

New statements from Chinese officials are something of a Rorschach test when it comes to the country's climate commitments.

Why it matters: China is by far the world's largest greenhouse gas-producing nation.

Government fuel and electricity subsidies are projected to drop sharply this year due to declines in prices and energy consumption from the pandemic, the International Energy Agency said in a new analysis.

Why it matters: Subsidies for consumption (which the IEA data tracks) and production have long been a target of climate advocates, though supporters of cutting the payments note that some are needed to help low-income people.

The COVID-19 pandemic underscores why market regulators, companies and investors should do a better job planning for climate risks to the financial system, a pair of reports finds.

Driving the news: The International Monetary Fund said projected increases in the frequency and severity of natural disasters are a potential threat that investors probably aren't weighing enough.