HOUSTON — Next-wave geothermal startup Eavor on Tuesday finalized a contract for roughly $96 million in grant financing from the EU Innovation Fund for a project in Germany, CEO John Redfern said in an interview.
Why it matters: It's the latest sign of growing support abroad and in the U.S. for geothermal power and heat.
The smoke released by major wildfires likely contributes to the destruction of ozone, the vital atmospheric shield that protects the planet by absorbing most of the sun's harmful ultraviolet radiation, according to a new study published in Nature on Wednesday.
Why it matters: Wildfires are projected to become more frequent and intense over the coming decades due to global warming and land-use change.
The former executives in charge of The Week magazine are launching a new subscription-based climate media company on Wednesday called Heatmap News, its founders told Axios.
The big picture: It's the latest in a slew of climate-based media startups to launch in the U.S. in the past few years as climate becomes a bigger business and cultural imperative globally.
HOUSTON — U.S. climate envoy John Kerry tells Axios his work with China has stalled amid wider tensions between the world's two largest greenhouse gas emitters.
Driving the news: "Regrettably, in the last year ... what was not supposed to happen has happened, which is the climate issue has gotten mixed up into all the other tensions that exist between our countries," Kerry said in an interview at the CERAWeek by S&P Global conference.
