Electric vehicles displaced roughly 1.5 million barrels per day of oil last year, new analysis shows, an amount slated to grow as EV sales keep rising.
Why it matters: The new estimates from the research firm BloombergNEF help to show EVs are shedding their status as a niche climate technology.
The United Nations is leading early discussions on forming a new global coalition to boost battery storage as part of a wider clean energy platform, Axios has learned.
Driving the news: UN Secretary-General António Guterres laid out a five-point plan Wednesday morning to dramatically scale up renewable energy use worldwide, including tackling thorny technology sharing issues between the industrialized world and developed nations.
Key data released Wednesday underscores how swiftly human activities are reshaping the climate.
Why it matters: The “State of the Climate” report from the World Meteorological Organization (WMO) is a stark reminder for policymakers and business leaders that if the world continues on its current course, climate impacts will escalate in severity and scope.
