A new insta-analysis of China's vow to achieve "carbon neutrality" before 2060 helps to underscore why Tuesday's announcement sent shockwaves through the climate and energy world.
Why it matters: Per the Climate Action Tracker, a research group, following through would lower projected global warming 0.2 to 0.3°C. That's a lot!
There's growing momentum behind deploying technology that traps and stores CO2 emissions, but much more investment and stronger policies are needed, the International Energy Agency said in a new report.
Why it matters: The technology is vital to enabling the radical emissions cuts needed through the 2050-2070 timeframe to keep temperature rise in check, the agency said.
The fate of California's aggressive moves to wring carbon emissions out of transportation could depend heavily on the election and the shape of the Supreme Court.
Why it matters: California is the country's largest auto market and transportation is the country's largest source of CO2.
A new survey of oil and gas executives offers data points that explain why U.S. oil production won't approach its record pre-pandemic level anytime soon — if ever.
Driving the news: The Dallas Fed's quarterly survey asked 108 companies the U.S. oil price that would really juice new drilling. As you can see from the chart above, it's well above $39.90 where it's at this morning.
Shares of little-known SPI Energy Co. jumped by as much as 4,000% on Wednesday, rising from around $1 to as high as $46.67.
What happened: SPI announced it was launching a unit to design and develop electric vehicles and charging solutions called EdisonFuture — a nod to electric vehicle companies Nikola and Tesla, which are both named after Nikola Tesla, a rival of Thomas Edison.
California Gov. Gavin Newsom is issuing an executive order that seeks to eliminate sales of new gasoline-powered cars in his state by 2035, a move the White House said President Trump "won't stand for."
Why it matters: California is the largest auto market in the U.S., and transportation is the biggest source of carbon emissions in the state and nationwide.
Major climate news arrived on Tuesday when Chinese President Xi Jinping said China would aim for "carbon neutrality" by 2060 and a CO2 emissions peak before 2030.
Why it matters: China is by far the world's largest greenhouse gas emitter. So its success or failure at reining in planet-warming gases affects everyone's future.
A new note from RBC Capital Markets explains why electric and hydrogen truck startup Nikola may be poised to succeed despite now-departed founder Trevor Milton's allegedly false claims about its progress and tech.
Details: Instead, "What made NKLA unique was [the opportunity] to sell 'routes' via fuel cell truck leases, and helping industry solve 'chicken and egg' problem associated with hydrogen infrastructure build-out."
The big picture: 75 large wildfires were burning in the U.S. Tuesday, the first day of fall, as cooler weather provided relief to firefighters and improved air quality across the West.The mega-fires have killed at least 36 people and charred more than 5 million acres in Oregon, Washington and California — where 26 people have died, over 7,1000 structures have been destroyed and more than 3.6 million acres have been razed.
