New UN data shows that annual financial aid from wealthy nations to poor countries for fighting climate change and adapting to its effects reached over $70 billion in 2016, according to Bloomberg.

Why it matters: The report arrives ahead of the next major UN climate summit in Poland next month, and climate finance will be among the items on the agenda, the story notes.

A 2009 summit produced an agreement to mobilize $100 billion annually by 2020.

The intrigue: per Bloomberg, "While the amount of funds has been rising, both the U.S. and Australia have stopped contributing to the Green Climate Fund, raising concerns that their pledges won’t be met."

The big picture: Recent scientific reports that underscore the dire consequences of letting warming rise by more than 2°C (or 3.6˚F) above pre-industrial levels, and major harms even if warming is limited to 1.5°C (or 2.7˚F).

Nonetheless, global carbon emissions are on a trajectory that scientists say will lead to far higher levels of warming, and worldwide emissions are rising again after a multi-year plateau that ended last year.

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Amy Coney Barrett's immediate impact

Illustration: Eniola Odetunde/Axios

In her first week on the job, Amy Coney Barrett may be deciding which votes to count in the presidential election. By her third week, she’ll be deciding the fate of the Affordable Care Act.

Where it stands: The Senate votes on Barrett’s nomination tomorrow. If she’s confirmed, Chief Justice John Roberts is expected to swear her in at the Supreme Court within hours, an administration official tells Axios.

Texas Democrats beg Biden to spend now

Photo: Ron Jenkins/Getty Images

The Biden campaign is rebuffing persistent pleas from Texas Democrats to spend at least $10 million in the Lone Star state, several people familiar with the talks tell Axios.

Why it matters: If Texas — which has 38 electoral votes and is steadily getting more blue, but hasn't backed a Democrat for president since 1976 — flipped to the Biden column, it would be game over. But the RealClearPolitics polling average stubbornly hovers at +2.6 for Trump — and Team Biden appears more focused on closer targets.

2 hours ago - Politics & Policy

Election night in Trumpworld

Photo illustration: Aïda Amer/Axios. Photo: Chris Carlson-Pool/Getty Images

A luxe election-night watch party at the Trump International Hotel on Pennsylvania Avenue is being planned for President Trump's donors, friends and advisers — but Trump's hand in it is minimal because he's "very superstitious" — people familiar with the plans tell Axios.

The big picture: This "mecca for all things MAGA," as one adviser described it, is one of three hubs where they say Trumpworld will watch returns. The others are the war room at campaign HQ in Rosslyn, Virginia, and the White House residence, where Trump and the first lady will gather close family and advisers before heading to the hotel later that night, the sources said.