Energy & Environment

Why it matters: Ominous forecasts about the impact of climate change serve as the backdrop for the world — led by U.S. lawmakers and companies — to debate big action on the problem, which could upend energy systems and our way of life.

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Ben Geman, author of Generate
9 hours ago - Energy & Environment

China vows end to building coal-fired power plants abroad

Chinese President Xi Jinping. Photo: Mary Altaffer/Pool/Getty Images

Chinese President Xi Jinping told the UN General Assembly Tuesday that his country "will not build new coal-fired power projects abroad" and plans to boost support for clean energy in developing nations.

Why it matters: The pledge, if maintained, would mark a breakthrough in efforts to transition global power away from the most carbon-emitting fuel.

Hispanic Heritage Month: Gracias, México, for color TVs

The patent diagram (left) from Guillermo González Camarena's chromoscopic adapter, and he and the engineer (right inspecting TV equipment around 1955 in Mexico City. Photos: U.S. Patent Office and Instituto Nacional de Antropología e Historia de México

Credit Mexican engineering and entrepreneurship for developments that led to the in color television, oral contraception and finding a way to help mend the ozone layer.

Why it matters: The contributions helped modernize how we could see the world; improve women's health and expand women's roles beyond the home; and identify dangerous emissions and how to reduce them.

Biden pledges to double U.S. climate funding to developing nations

U.S. President Joe Biden addresses the 76th Session of the U.N. General Assembly on September 21, 2021. (Eduardo Munoz-Pool/Getty Images)

Staring down a "borderless climate crisis," President Biden told the UN General Assembly on Tuesday that the U.S. will double public financial assistance to developing countries, including money to help them adapt to present-day climate impacts.

Why it matters: The failure of industrialized nations to fulfill a 2009 pledge to devote $100 billion annually to developing countries is a major impediment to a successful UN Climate Summit in Glasgow, which starts next month.

Ben Geman, author of Generate
16 hours ago - Energy & Environment

Making sense of Shell's exit from the Permian Basin

A logo is displayed on the hardhat of a worker at the Royal Dutch Shell processing facility in Loving, Texas, in 2018. Photo: Callaghan O'Hare/Bloomberg via Getty Images

Royal Dutch Shell's sale of its Permian Basin assets to ConocoPhillips can't be untethered from how the industry is positioning itself as it faces pressure on climate change.

Catch up fast: The companies announced the $9.7 billion cash deal yesterday afternoon. ConocoPhillips will get 225,000 acres in Texas it expects will produce 200,000 barrels of oil equivalent per day in 2022.

Ben Geman, author of Generate
16 hours ago - Energy & Environment

First look: Study sees renewables boosting Appalachia

Expand chart
Data: RMI; Chart: Sara Wise/Axios

A new analysis finds that greatly accelerating wind and solar power deployment would bring major economic benefits to rural areas, with Appalachia seeing especially strong gains.

Driving the news: The clean energy think tank RMI is out with new regional-level projections shared first with Axios and shown above.

Salesforce says it has reached net-zero emissions

Illustration: Sarah Grillo/Axios

Salesforce, the customer relations management company that many readers may know for its Slack software, announced it has achieved net-zero emissions throughout its value chain.

Driving the news: This includes the energy used by its customers, it says.

Climate disclosures linked to capital

Illustration: Sarah Grillo/Axios

The relationship between a company’s climate disclosure and its potential future performance is becoming easier to see.

Why it matters: The SEC is readying new rules around mandatory risk and climate commitment disclosures, which will likely help investors compare companies on an equal footing.

The things we don't know about our toilet paper

Image courtesy of the National Resources Defense Council

Soft? Quilted? Strong? The familiar adjectives from the supermarket aisle play no role in the National Resources Defense Council's annual toilet paper scorecard, which uses environmental yardsticks to judge what the industry so gently describes as bathroom tissue.

Why it matters: Consumers who pick products based on their green credibility will be troubled to learn that big-name brands (which are often cheaper) get poor marks compared with startups that typically cost more.

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