General Motors plans to double its revenues over the next decade as it transitions to an all-electric future, tapping into software and subscription services that enable new vehicle experiences and connect customers' digital lives, the company told reporters on Wednesday.
Why it matters: It's an extraordinary target for a lumbering industrial giant that is trying to transform itself from automaker to "platform innovator."
A new paper finds that New York's CitiBike bike-sharing system has prevented emissions of carbon dioxide and nitrous oxide and saved energy.
The big picture: Bike sharing has become increasingly popular in cities around the world, and the new research calculates the measurable effect the systems can have on climate change and other environmental challenges.
European gas prices soared again today to fresh records, but then began falling after Russian President Vladimir Putin signaled Russia would boost supply — gyrations that come as European Union officials struggle with the immediate crisis and how to prevent the next one.
Driving the news: European Commission president Ursula von der Leyen said EU leaders will discuss creating a strategic natural gas storage reserve, per S&P Global Platts and other outlets.
The energy crisis roiling global markets is adding a wild card to an already unfavorable geopolitical deck of cards that will be handed to world leaders at the UN Climate Summit in Glasgow, which starts at the end of the month.
Why it matters: For the Paris temperature targets to be kept even remotely viable, studies show countries must make sharp cuts in greenhouse gas emissions by 2030, and move toward net-zero emissions by midcentury at the latest, or risk far more severe climate impacts.
CarbonBuilt, a Los Angeles startup with tech to embed CO2 in concrete, just raised $10 million in Series A funding.
Why it matters: It's among several startups attracting capital to make climate-friendly concrete and cut the massive emissions from the production of cement, a key concrete component.
Google unveiled a suite of sustainability features focused on giving consumers more information so they can choose to cut their greenhouse gas emissions.
Driving the news: The product rollout this morning will immediately be noticeable if you use Google Maps, utilize the company's flight search tools, search for companies to invest in or simply query the search engine about the causes of global warming.
The devastating oil spill off the coast of Southern California occurred after an underwater pipeline was split open and dragged along the ocean floor, potentially by a ship's anchor, officials said Tuesday, AP reports.
Why it matters: Earlier Tuesday, California Gov. Gavin Newsom declared a state of emergency due to the oil spill, which is believed to have dumped 127,000 gallons of oil into the ocean and closed a number of beaches.
Why it matters: Coral reefs play a critical role in ecosystems, supporting at least 25% of marine species and roughly $2.7 trillion per year in goods and services, according to the project's network of scientists.
European natural gas prices soared to fresh records this morning while U.S. oil prices are at seven-year highs, the latest signs of convulsions in the global energy system that could shake climate policies.
By the numbers:Via Bloomberg, benchmark Dutch gas futures rose another 18% in trading today, with British prices seeing a similar bounce.
A new analysis argues U.S. domestic natural gas prices are no longer untethered from the growth of liquefied natural gas exports.
Driving the news: The Center for Strategic and International Studies' Nikos Tsafos points out that for most of the five years since U.S. LNG exports began, there was basically no relation to prices.
California Gov. Gavin Newsom has declared a state of emergency due to the oil spill in Orange County, with miles of popular beaches closed for what may be months.
Why it matters: The 127,000-gallon spill from an Amplify Energy pipeline about 5 miles offshore is among the largest spills in recent California history. It's causing oil to wash ashore, coating wildlife.
Scientists Syukuro Manabe, Klaus Hasselmann and Giorgio Parisi received the Nobel Prize in physics on Tuesday for their work in predicting global warming and the understanding of complex physical systems.
Why it matters: These researchers helped describe and predict the long-term behavior of complex systems, like the Earth's climate, which are characterized by randomness and disorder and are difficult to understand.
Nobody really knows what the future of urban transportation looks like, but chances are it will involve an electric skateboard.
Why it matters: Automakers like Citroën are imagining a futurebased on the same basic foundation: A "skateboard" chassis consisting of a flat battery pack and four wheels. What goes on top of the skateboard is open to interpretation — everything from robotaxis to delivery vans and more.
Authorities are working to contain one of the largest oil spills in California's recent history that has devastated wildlife and contaminated several popular beaches.
The big picture: The spill was detected Saturday and was estimated to be about 13 square miles in size. Some 126,000 gallons of crude oil has spilled into the waters, per the Coast Guard. The full scope of the environmental impacts remain unknown.
