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Climate

AM Briefing: 2035 or Bust

On decarbonizing the EU grid, oil prices, and contrails

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AM Briefing: 2035 or Bust
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Current conditions: A volcano on Iceland's Reykjanes peninsula has finally started to erupt • At least 120 people were killed in an earthquake in China • Meteorologists say Americans on the East Coast hoping for snow in January should keep “expectations in check.”

THE TOP FIVE

1. Some EU countries pledge to decarbonize power systems by 2035

A handful of countries within the European Union have pledged to decarbonize their power systems by 2035. The group includes France and Germany, the two biggest power producers in Europe. They’re joined in the commitment by the Netherlands, Austria, Belgium, Luxembourg, and Switzerland, which is not in the EU but is aligned with the bloc’s climate policies. Current EU emissions goals aim for decarbonization by 2040, but this group believes they can move more quickly, and by working together they hope to streamline infrastructure installation and grid connectivity. “Cutting carbon from the electricity grid is seen as a crucial first step to removing emissions from the wider energy system,” Bloomberg Green explains.

2. Houthi attacks on ships send oil prices higher

The price of oil shot up yesterday on growing concerns about tankers being attacked by Houthi rebels in the Red Sea. BP paused shipments through the channel, joining shipping giants including AP Moller-Maersk, MSC, and Hapag-Lloyd. The Red Sea offers a quick route from Asia to Europe, making it one of the world’s busiest shipping channels. It handles about 15% of global shipping, or 20,000 vessels each year, reports The Times of London. Since the beginning of the war between Israel and Hamas, Iran-backed Houthi rebels based in Yemen have been attacking ships with links to Israel. Lately the attacks have expanded to include ships with no Israeli ties. On Monday a Norwegian-owned vessel was attacked. The price of brent crude jumped by as much as 3% on the BP news, but “ample oil supply limited price gains,” says Reuters.

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3. House Democrats sound alarm about major owner of oil and gas wells

Democrats in the House of Representatives have launched an inquiry into the company that owns the most oil and gas wells in the U.S., saying its business model poses a massive climate risk. Diversified Energy Co. owns about 65,000 oil and gas wells, Bloomberg reports. It buys old and unproductive wells and tries to keep them on life support. Members of the House Energy and Commerce Committee worry Diversified could suddenly decide to abandon the wells, leaving state governments with a hefty bill for cleanup and raising the risk of massive methane leaks. Methane is an extremely potent greenhouse gas, and already Diversified was the fourth-largest methane emitter among oil and gas producers last year, according to the EPA. “Diversified Energy’s strategy of leaving thousands of marginal wells unplugged for decades and potentially underestimating future cleanup costs could undermine important efforts to fight climate change,” committee members wrote in a letter.

4. Airlines team up with researchers to reduce planet-warming contrails

Major airlines are looking for ways to reduce the warming effect of the contrails produced by planes. Contrails are the clouds that build up in the sky behind jets as their engines spew hot air and soot into the atmosphere. The U.N. Intergovernmental Panel on Climate Change (IPCC) posits that contrails could have a bigger warming effect than burning jet fuel, because contrails reflect heat back toward the ground. “It’s a big contributor and we need to worry about it,” MIT researcher Florian Allroggen tells The Washington Post. Airlines including Delta, KLM, and American are working with researchers to identify and test ways to eliminate contrails, which might mean flying at higher or lower altitudes to avoid routes with the coldest, wettest air. One recent study found that rerouting 1.7% of flights could cut contrail warming by 59%.

5. Kentucky is getting a massive solar farm next year

Construction has begun on what will eventually be Kentucky’s largest solar farm. The project, called Unbridled, is scheduled to come online in 2024. It will be able to power 120,000 homes with clean energy every year, and will provide around $42 million in direct economic impact over the first 20 years of operation, Electrek’s Michelle Lewis reports. “This 160 MW solar farm is a milestone for Kentucky, the fifth-largest coal-producing state in the U.S.” Lewis says. “Coal is at a point of no return, and renewables will provide clean electricity and substantial economic benefits. It’s encouraging that Kentucky is starting to embrace renewables.”

THE KICKER

Meta CEO Mark Zuckerberg is reportedly building a $270 million compound in Hawaii that will have its own food and energy supplies, and a 5,000-square-foot underground bunker.

Yellow

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AM Briefing

BAAJA Blast

On COP31, France’s antinuclear left, and Paraguay’s crisis

The Capitol.
Heatmap Illustration/Getty Images

Current conditions: Another atmospheric river is deluging the West Coast, this time in the Pacific Northwest • Dozens of U.S. cities notched record high temperatures in October • At least 11 of Thailand’s southern provinces are under emergency warnings for flooding and nearly 7-foot waves amid a surge of monsoon conditions.


THE TOP FIVE

1. The UN climate summit begins in Turkey

The 31st annual global climate summit kicked off this morning in Antalya, a Turkish resort city on the country’s southern Mediterranean coast. Known as the 31st Conference of the Parties to the United Nations Framework Convention on Climate Change, or COP31, the event marks the second year in a row that virtually every nation on Earth will gather except the United States, after President Donald Trump withdrew the country from both the landmark 2015 Paris Agreement and from the larger global body shortly after his return to office last year. The biggest item on this year’s agenda, reports my colleague Emily Pontecorvo, is the “35x35” pledge, Turkey’s proposal to electrify 35% of the world’s final energy use by 2035. Today the world uses electricity for just 21% of end-use energy. As I reported last week, the latest projections from the Rhodium Group put the likely electrification rate worldwide at 28% by 2035.

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Blue
Energy

The Last-Minute Changes to the Senate Permitting Deal, Explained

A new version of the bill strives to address environmental and tribal concerns while strengthening some of its transmission provisions.

Power lines and data center construction.
Heatmap Illustration/Getty Images

We now have the updated final text of the bipartisan Senate permitting deal. Will it be enough to get the bill across the finish line?

On Saturday morning, senators released a reworked version of the Bipartisan Affordability and American Jobs Act. This version, known as a “manager’s amendment” under parliamentary procedure, aims to address many of the concerns and criticisms raised about the bill and will become the official legislative text that ultimately gets a vote in the Senate. There’s something in these changes for everyone – environmentalists, tribes, utilities – but it remains to be seen if they put the bill into a Goldilocks zone.

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Climate

What to Know About COP31

The “35x35” electrification pledge and an AI pledge are on the table.

Antalya, Turkey.
Heatmap Illustration/Getty Images

World leaders are flocking to the Mediterranean resort town of Antalya, Turkey, this weekend for the 31st United Nations Climate Change Conference, also known as COP31. The U.S., of course, will once again not attend, as President Trump not only withdrew the country from the Paris Agreement but also from the United Nations Framework Convention on Climate Change, the umbrella group that organizes the annual conferences. Still, 194 other governments will be there, putting their heads together on how to move another few inches toward a safer future.

This year, as with the last several convenings, the meeting arrives against a backdrop of geopolitical instability, worsening climate impacts, and growing concern about energy security and affordability. While conflicts like the Iran war in some ways bolster the case for the energy transition by surfacing the risks of fossil fuel dependence, prioritizing energy security can manifest as countries turning inward and showing less willingness to work for the global good.

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Green