Axios

The possibility of employing geoengineering could help break the political deadlock on a global climate change deal, according to a new paper.

Why it matters: Deliberately trying to engineer the climate to offset warming is risky and as yet untested. But with the effects of climate change compounding and further international agreements stalled, there may be no choice but to try — or at least threaten to do so.

The pandemic will "expedite peak oil demand," the consultancy Rystad Energy said in a note this week, taking stock of how much additional oil will not be produced in the future as a result.

Why it matters: Rystad's summary of its annual review of oil resources shows how the coronavirus pandemic is prompting analysts to change their thinking about the future of oil.

Global coal consumption dipped by 0.6% in 2019, the fourth decline in six years, but the most carbon-intensive fuel remains by far the largest source of power generation in world, per BP's latest global data review.

Why it matters: Coal's persistence in the global mix, even as it loses some ground, is among the major reasons why the world is far, far away from achieving steep emissions declines needed to meet the goals of the Paris climate deal.

There are growing signs that Tesla will choose the Austin region in Texas to build a factory that would make the "Cybertruck" pickup and Model Ys for East Coast delivery.

Driving the news: Per the Austin American-Statesman, Tesla has a proposed deal with a local school district that would provide up to $68 million in tax incentives over a decade for building a 4 million- to 5 million-square-foot plant that would employ thousands.