The number of new coal-fired power projects on the drawing boards globally has shrunk significantly amid a wave of cancellations in recent years, per the climate think tank E3G.
Driving the news: Planned projects have fallen by 76% since late 2015 when the Paris Agreement was struck as governments have endorsed new restrictions, the firm's new report states.
Jupiter Intelligence, an extreme weather and climate risk management firm, announced Tuesday it is picking up a major new Japanese investor, venture capital fund MPower Partners, to jump-start an Asian expansion.
The big picture: The total investment is not yet disclosed, but Jupiter’s co-founder and CEO, Rich Sorkin, told Axios it is "substantially more" than the total investments used to build up Jupiter so far, which puts it above $40 million.
The scramble is intensifying to lay the groundwork for achieving tangible results at a key United Nations climate summit just seven weeks away.
Driving the news: UN Secretary-General António Guterres and U.K. Prime Minister Boris Johnson will convene a heads-of-state-level gathering Monday on the sidelines of the General Assembly.
An energy coalition launched by Bill Gates is backing a new publication called "Cipher" dedicated to the coverage of the climate crisis, its new editor tells Axios.
Why it matters: The outlet promises to have complete editorial independence from its backer, Breakthrough Energy, a six-year-old climate advocacy network founded by Bill Gates.
The growing urgency of tackling global warming is colliding with the world’s deeply uneven use of the heat-trapping energy resources that are causing it.
The big picture: The long-simmering debate over the role rich and poor countries should fill in tackling climate change is reaching a boiling point.
Hurricane Nicholas made landfall near Sargent Beach, Texas, Tuesday morning — threatening to bring up to 18 inches of rainfall and flooding to parts of the state and Louisiana, per the National Hurricane Center.
What's happening: Heavy rains, high winds and "dangerous" storm surges were ongoing, said the NHC, confirming just before 2am that the Category 1 hurricane had hit the state. Nearly 200,000 customers had lost power in Texas by 3:30am, per the utility tracking site poweroutage.us.
Nicholas strengthened into a hurricane as it neared Texas' coast late Monday, per the National Hurricane Center.
The latest: The storm was expected to make landfall along the Texas coast in a the next few hours, the NHC said in an 11p.m. update. It was already bringing heavy rains, strong winds and storm surges to parts of the central and upper Texas coast.
Environmentalists and industry groups are launching fresh media buys as congressional Democrats craft plans to expand green energy incentives and spending while imposing new or higher fees on oil companies.
Driving the news: The League of Conservation and Climate Power has begun $6 million in new TV and digital ad spending that try to bolster four Senate Democrats and around 20 House members.
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