Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Denver news in your inbox

Catch up on the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Des Moines news in your inbox

Catch up on the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Minneapolis-St. Paul news in your inbox

Catch up on the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tampa Bay news in your inbox

Catch up on the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Charlotte news in your inbox

Catch up on the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!
Data: IEA; Chart: Axios Visuals

Improvements in energy efficiency on a global basis have slowed to their lowest level in a decade, the International Energy Agency said in a new analysis.

Why it matters: The slowdown is another headwind in the fight against climate change, the agency warned.

And the same analysis finds that the pandemic is cutting investments in more efficient buildings, vehicles and equipment.

Where it stands: The chart above shows trends in energy intensity, or energy consumed per unit of activity.

Threat level: IEA called the slowdown "especially worrying" because efficiency gains provide 40% of the emissions cuts over the next 20 years in their "sustainable development" case.

That's a long-term model of an energy system consistent with the aims of the Paris climate deal.

Go deeper

Bankruptcy filings hit decade-high last year

Data: S&P Global Market Intelligence; Chart: Danielle Alberti/Axios

Bankruptcy filings hit a decade-high last year — though, by one measure, they eclipsed the financial crisis high.

The big picture: 7% of companies that filed for bankruptcy had over $1 billion in liabilities, the highest share in at least 10 years, according to S&P Global Market Intelligence.

Ben Geman, author of Generate
Jan 26, 2021 - Energy & Environment

The rise of corporate renewables

Data: BloombergNEF; Chart: Axios Visuals

Companies worldwide are buying more renewable power than ever, and now some of the biggest U.S. corporations say the Biden administration can help decarbonize the nation's power more quickly.

Why it matters: Corporate procurement of renewables — especially wind and solar — is becoming an important deployment driver as companies take advantage of lower prices and look to meet sustainability pledges.

Ben Geman, author of Generate
Jan 26, 2021 - Energy & Environment

Central banks deepen their climate efforts

Illustration: Sarah Grillo/Axios

Climate change is rising higher on the radar for central banks on both sides of the Atlantic.

Driving the news: The Federal Reserve formed a panel aimed at boosting the central bank's understanding of climate's implications for "financial institutions, infrastructure, and markets," officials said Monday.

You’ve caught up. Now what?

Sign up for Mike Allen’s daily Axios AM and PM newsletters to get smarter, faster on the news that matters.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!