The Kremlin said Wednesday that Russian President Putin will not travel to the United Nations climate summit that starts in Glasgow, Scotland, on Oct. 31 but will take part remotely while other representatives attend in person, according to Reuters.
Why it matters: A lack of a physical appearance from the leader of the fourth largest carbon dioxide-emitting country in the world would be a blow to the crucial climate talks.
Tesla is likely on track for another strong earnings report after logging record deliveries as the company appears to be weathering the storm of the global chip shortage.
What's next: The electric automaker will report third-quarter earnings this evening after markets close.
A United Nations report warns that governments and fossil fuel companies are planning levels of oil, natural gas and coal production that are "dangerously out of sync" with holding global warming in check.
Driving the news: "[T]he world’s governments still plan to produce more than double the amount of fossil fuels in 2030 than would be consistent with limiting global warming to 1.5°C, and 45% more than consistent with limiting warming to 2°C," it states.
What is a White House to do when it is stuck between slow-moving climate legislation and a fast-approaching climate summit where its credibility is on the line? Unveil a new White House climate website, of course, showcasing its actions to date as well as ongoing work.
Why it matters: The Biden administration, which shared the site first with Axios, focuses it around the actions taken by the White House National Climate Task Force.
Why it matters: "California is experiencing its worst drought since the late 1800s, as measured by both lack of precipitation and high temperatures," per a statement from the governor's office. This past August was the driest and hottest one on record, "and the water year that ended last month was the second driest on record," the statement added.
James and Kathryn Murdoch are nearing a deal to make a multi-million dollar investment to support the formation of a new climate reporting hub at the Associated Press, two sources familiar with the deal tell Axios.
Why it matters: The duo has increased their investments in media projects in the past few years via their non-profit organization called Quadrivium Foundation.
Two heavyweight grant-making foundations are pledging new efforts to orient their endowments toward more climate-friendly investments.
Driving the news: The Ford Foundation — one of the nation's largest — said Monday that it will no longer invest in fossil fuels via its $16 billion endowment.
Glaciers capping three of Africa's iconic mountains — Mount Kenya in Kenya, the Rwenzori Mountains in Uganda and Mount Kilimanjaro in Tanzania — will likely disappear over the next two decades because of human-induced climate change, the World Meteorological Organization's estimated in a new report Tuesday.
Why it matters: The WMO warned that glacier loss is just one effect climate change will have on the continent, as rising temperatures, changing precipitation patterns, rising sea levels and more extreme weather will also likely exacerbate food insecurity, economic and political instability and population displacement.
The newest section of a project from Third Way, the Bipartisan Policy Project and Clean Air Task Force examines how energy breakthroughs could accelerate America's transition to reach net zero greenhouse gas emissions by 2050.
Why it matters: The report chapter, provided first to Axios, is part of a broader effort known as the Decarb America Research Initiative, which explores the best ways to move the U.S. toward a net zero carbon emissions future by 2050.
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