Axios

Donald Trump has said he wants to "terminate" spending on what he calls the Green New Deal, presumably referencing the Biden administration's signature Inflation Reduction Act, a major climate law.

Why it matters: Pulling back that money would require congressional action — not a given, as the IRA's popularity has grown — and it could result in lost jobs, unfinished factories, and a costly mess for many businesses and states that are counting on those funds.

Global carbon dioxide concentrations reached record levels in 2023, with a surge of 11.4% during the past two decades alone, a new UN report finds.

Why it matters: While countries are deploying renewable energy sources at a quickening pace, it hasn't been enough to halt or reverse emissions growth.

Oil prices fell sharply to start the week as traders weighed Israel's weekend retaliation for Iran's Oct. 1 missile strike — and what might follow.

Why it matters: The market seems to see Israel's avoidance of Iranian oil and nuclear sites as moving away from large-scale confrontation.