Axios

Australia's' BHP Group has offered to buy London-based mining giant Anglo American for nearly $39 billion in stock.

Why it matters: It would create the world's largest copper miner, at a time when copper demand is surging due to its use in energy transition technologies.

Money will take center stage at the next UN climate summit, to be held in Baku, Azerbaijan, in November. And in the run-up to the meeting, there are currently few signs of major progress.

Why it matters: Industrialized countries need to spend at least $1 trillion to help developing nations move away from fossil fuels and adapt to climate impacts. So far, few countries have committed significant additional funds.

The Environmental Protection Agency just imposed what may become the first federal mandate to cut carbon dioxide from power plants — if it survives legal and political hurdles that has tripped up past administrations.

Why it matters: Electricity is among the largest sources of U.S. carbon emissions. The country's power mix has trended away from coal for years as gas and renewables gained market share.

According to a new analysis, the South and Southeast have experienced the most extreme weather-related power outages during the past two decades.

Why it matters: The electrical grid is under increasing strain as climate change raises the frequency and severity of extreme weather events, from heat waves to wildfires.