The first local climate summit will take place at the U.N. climate meeting in Dubai later this year.
Driving the news: The confab will include hundreds of mayors, governors and other regional leaders together with heads of state, COP28 president-designate Sultan Ahmed al-Jaber and UN special envoy Michael Bloomberg plan to announce this morning.
Electric aircraft maker Joby Aviation announced plans Monday to build its first scaled production plant to produce "flying taxis" in Dayton, Ohio.
Why it matters: Dayton is regarded as the home of aviation as brothers Orville and Wilbur Wright invented and flew the first powered aircraft, lived and worked in the city, opening the first airplane factory in the U.S. there in 1910 — something Joby paid homage to in its announcement.
Global leaders want Elon Musk to build Tesla factories in their home countries even as upstarts and legacy carmakers chip away at the company's EV dominance.
Why it matters: The company has a goal to sell 20 million cars a year by 2030, up from about 1.3 million as of last year. In order to hit that goal, Musk has said that Tesla will need about a dozen factories.
Lowercarbon Capital has raised over $550 million for a pair of new venture funds focused on climate tech startups, per a letter to limited partners that appeared this morning on the firm's website.
Why it matters: In that letter, firm founder Chris Sacca, called out fellow climate tech investors for accepting capital from unsavory sources.
Catch up fast: The Golden State's Democratic governor and attorney general on Saturday unveiled litigation against Exxon, Chevron and other oil giants.
It alleges decades of deception about the effects of their products, and seeks damages for ways global warming is hurting California.
World leaders, business titans, scientists, activists and others are meeting in New York City this week to discuss turning the tide against climate change.
Why it matters: The conclave is taking place against a backdrop that's raising the global warming stakes. Climate change-linked extreme weather continues to make headlines worldwide, raising alarms across the scientific and policymaking communities.
The big picture: Climate Week NYC coincides with the United Nations General Assembly, and is supersized this year into a blitz of hundreds of events, ranging from panels to a full-day U.N. summit called by the secretary general.
Tens of thousands of people marched in New York City and across the U.S. Sunday to demand President Biden and other world leaders to end fossil fuels ahead of this week's UN Climate Ambition Summit.
The big picture: Several of the speakers at the New York event that kicked off Climate Week NYC took aim at the Biden administration for approving new oil and gas drilling permits.
