After years of behind-the-scenes work, a pollution-trading initiative is publicly launching on Friday that works in India and plans expansion to other developing nations, the group tells Axios exclusively.
Why it matters: TheEmissions Market Accelerator sees openings, based on its on-the-ground work to date, to cost-effectively cut pollution and CO2 using emissions trading on a very large scale.
The U.S. could see an unprecedented 15,000 churches shut their doors this year, far more than the few thousand expected to open, according to denominational reports and church consultants.
Why it matters: The unprecedented contraction, expected to continue over the next decade, risks leaving gaps in communities nationwide — particularly rural ones, where churches often are crucial providers of food aid, child care and disaster relief.
The Energy Department's termination of $7.56 billion of financial awards includes cuts spanning renewables, hydrogen, transmission, cleaner use of fossil fuels and more.
Why it matters: The cuts — aimed mostly at Democratic-led states and announced in broad strokes on Wednesday night — speed the reversal of Biden-era climate and clean energy finance.
Power and data center developer Fermi saw its share price jump 55% on its first day of trading Wednesday, giving it a market cap in the $18 billion range.
Why it matters: Fermi's IPO is the latest sign of capital confidence in power and AI — and not even the only one to emerge over the last day or so.
The Energy Department said Wednesday night it's terminating $7.56 billion worth of financial awards that support 223 projects funded via several of its clean-energy offices.
Why it matters: It's among the starkest reversals of Biden-era DOE financial support for low-carbon energy and manufacturing initiatives.
