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 the day's biggest business stories

Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Stay on top of the latest market trends

Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Axios on your phone

Get breaking news and scoops on the go with the Axios app.

Download for free.

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!

Want a daily digest of the top Denver news?

Get a daily digest of 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!

Want a daily digest of the top Des Moines news?

Get a daily digest of 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!

Want a daily digest of the top Twin Cities news?

Get a daily digest of 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!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of 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!

Want a daily digest of the top Charlotte news?

Get a daily digest of 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!

Sign up for Axios NW Arkansas

Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters

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!

Illustration: Shoshana Gordon/Axios

Climate finance has emerged as the biggest stumbling block to progress at the high-stakes United Nations climate talks in Scotland in November. How the Group of 7 wealthy nations treats the issue Friday and Saturday may determine the outcome.

Why it matters: Providing the funding that was promised to developing countries might open up other areas of important conversation in Glasgow, such as setting more ambitious emissions reduction targets for 2030.

Flashback: In 2015, developed nations promised that beginning in 2020, they would provide $100 billion annually to developing nations to help them cope with the effects of climate change and transition their economies away from fossil fuels.

  • This money has never fully materialized.

The big picture: Christiana Figueres, who chaired the Paris climate talks for the U.N. and is a founding partner of the NGO Global Optimism, told Bryan that the G7's credibility is on the line.

  • "Without trust, especially between the global north and the global south, none of this is going to happen," Figueres said.
  • Speaking of the $100 billion commitment, she said: "It is a political commitment and hence it has a very, very high symbolic value as really representing the trust that the global south can or cannot have in the global economy. That's why it's important."

Between the lines: "It's a very important totemic figure in terms of trusting the word of these leaders," said Saleemul Huq, who directs a climate and development NGO in Bangladesh, on a call with reporters.

  • "To me, the issue is the credibility of the world's leaders, the seven biggest countries who have made these promises, or whether we believe anything they say at all."

The bottom line: "This is beginning to look like diplomatic ineptitude amongst the rich countries, because $100 billion really in the scale of things is not an extraordinary amount of money, and it is not beyond our capability to meet that promise, keep it, and then extend it," said Rachel Kyte, dean of the Fletcher School at Tufts University.

What we're watching: All eyes will be on the G7 leaders' communique to spot any progress on this issue, including any specific new monetary commitments from countries.

Go deeper: CEOs push G7 on climate ahead of meeting

Go deeper

Ben Geman, author of Generate
Jul 30, 2021 - Politics & Policy

White House: Climate among "root causes" of migration

Illustration: Sarah Grillo/Axios

The new White House strategy for improving conditions in Central America to slow migration includes helping to build resilience to climate change.

Why it matters: Climate change is increasingly understood as one of many drivers of human displacement, both within and across borders, due to flooding and other extreme weather, effects on food security and more.

Ben Geman, author of Generate
Jul 30, 2021 - Politics & Policy

Climate and energy takeaways from the bipartisan infrastructure plan

Illustration: Sarah Grillo/Axios

The Senate's on the cusp of debating a big energy and climate package that says plenty about today's political and scientific moment.

Catch up fast: Text of the bipartisan infrastructure plan isn't out yet, but a summary in circulation and releases from lawmakers and the White House offer contours of the proposal.

Updated 54 mins ago - Sports

The Olympic events to watch today

U.S. diver Krysten Palmer. Photo: Clive Rose/Getty Images

5 events to watch today...
  • 🏃 Track & Field: Watch the men’s 100m final at 8:50 a.m. ET on nbcolympics.com
  • 🏐 Men’s volleyball: USA plays Argentina in the group stage at 8:45 a.m. on NBC.
  • 🤸 Gymnastics event finals: Watch the replay of the men's floor exercise and pommel horse, as well as the women's vault and uneven bars starting at 9:30 p.m. on NBC.
  • 🤽Men's water polo: USA takes on Greece in group play at 10:30 p.m. ET on CNBC.
  • 🏊Women's springboard final: Watch the replay tonight on NBC.