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Climate

Florida Is Bracing for a Potential Category 4 Hurricane

On a looming storm, Biden’s Climate Week event, and tripling renewables

Florida Is Bracing for a Potential Category 4 Hurricane
Heatmap Illustration/Getty Images

Current conditions: Hurricane John is bringing dangerous storm surge to Mexico’s Pacific coast • Flash floods and landslides are inundating villages in northern Thailand • Phoenix officials confirmed the city had 113 straight days of temperatures over 100 degrees Fahrenheit this summer, breaking the previous record, set in 1993, of 76 days.

THE TOP FIVE

1. State of emergency issued in Florida ahead of potential hurricane

Florida Gov. Ron DeSantis declared a state of emergency in 41 of the state’s 67 counties ahead of a storm that is expected to slam into the state’s Gulf coast Thursday as a Category 3 or maybe even Category 4 hurricane. The executive order activates the Florida National Guard and emergency response teams. “As the system approaches, I'm urging Floridians to finalize their storm prep, monitor weather reports and follow the guidance of local authorities,” DeSantis said. “Stay Safe, Florida.”

AccuWeather

Tropical Storm Nine could strengthen into Hurricane Helene with maximum sustained wind gusts of 111-130 miles per hour, according to AccuWeather meteorologists. It could bring up to 12 inches of rain near the point of landfall, but flooding could happen as far north as the Ohio River Valley. Some parts of the Florida Panhandle could see up to 15 feet of storm surge. “This is going to be a life-threatening storm with dangerous storm surge,” said AccuWeather meteorologist Bernie Rayno. “The one factor that is alarming is how incredibly high water temperatures are, which can fuel rapid intensification right along the forecast track of this storm.”

2. Biden to speak at Climate Week event

President Biden will speak today at Climate Week NYC, taking the stage at the Bloomberg Global Business forum. His comments will highlight his administration’s climate agenda and clean energy policies and how they are “lowering costs, creating good-paying and union jobs, and reducing harmful emissions,” according to a White House statement. E&E Newsreported that many of Biden’s top energy and environmental officials are out in force, trying to remind everyone that the climate landscape would look very different under a Trump presidency.

3. All eyes on the Global Renewables Summit

Also happening at Climate Week today: The Global Renewables Summit, taking place at the Plaza Hotel. World leaders including European Commission President Ursula von der Leyen and the president of this year’s COP29 summit will be expected to speak about the global goal to triple renewable energy capacity by 2030. The International Energy Agency released a report today concluding that the goal, which was set at last year’s COP28, is within reach but only if countries ramp up transmission expansion and dramatically increase energy storage. “Further international cooperation is vital to deliver fit-for-purpose grids, sufficient energy storage and faster electrification, which are integral to move clean energy transitions quickly and securely,” said IEA Executive Director Fatih Birol. Another new report, from the International Renewable Energy Agency, found that 81% of the new renewable energy capacity added last year was cheaper than fossil fuels.

Meanwhile, at the U.N. General Assembly, leaders of developing nations issued a plea for the world’s developed countries to stop paying “lip service” and lead the way on emissions cuts and climate finance.

4. First Street examines U.S. banks’ climate risks

The non-profit research foundation First Street released a new report yesterday examining the growing financial risks associated with climate disasters. Using its climate risk financial modeling tool, First Street found that 57 U.S. banks with a total of $627 billion in real estate loans could face material financial risk. Those loans represent nearly 11% of all loans in the country. Regional and community banks are especially vulnerable “given the concentrated nature of their lending portfolios.”

“Through climate risk financial modeling, we are able to get the first glimpse of the financial institutions which have material financial risk from their exposure to the physical impacts of climate change,” said Dr. Jeremy Porter, head of climate implications at First Street. “While this risk is material by definition, banks are finally in a position where they can proactively manage these risks to dramatically change their risk profile over time.”

5. California sues ExxonMobil

The state of California is suing ExxonMobil, accusing the oil giant of lying about plastic being recyclable and overpromising on its “advanced recycling” technology. “We are asking the court to hold ExxonMobil fully accountable for its role in actively creating and exacerbating the plastics pollution crisis through its campaign of deception,” California Attorney General Rob Bonta said. “The case opens a new front in the legal battles against oil and gas companies over climate and environmental issues,” explainedThe New York Times. But legal experts say the state will face an uphill battle in the suit.

THE KICKER

“Even in states where coal makes up a large share of the power grid — such as West Virginia, Wyoming, or Missouri — EVs produce half as much CO2 as gasoline vehicle. That’s because EVs are much more energy efficiency than internal combustion vehicles. So even though coal is a dirtier energy source than gasoline or diesel, EVs need to far less of it (in the form of electricity) to drive an additional mile.” –Robinson Meyer explains why switching to an EV matters so much for the climate, as part of Heatmap’s new Decarbonize Your Life special report.

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Politics

AM Briefing: Climate United Sues the EPA

On the Greenhouse Gas Reduction Fund, Canada’s new prime minister, and CERAWeek

The Battle Over Climate Grants Is Heating Up
Heatmap Illustration/Getty Images

Current conditions: Firefighters successfully controlled brush fires in Long Island that prompted New York Gov. Kathy Hochul to declare a state of emergency • Brisbane, Australia, recorded its wettest day in more than 50 years • Forecasters are keeping an eye on a storm system developing across the central U.S. that could pack a serious punch this week.

THE TOP FIVE

1. Nonprofit sues EPA, Citibank, over missing climate funds

The nonprofit Climate United filed a lawsuit over the weekend against the Environmental Protection Agency and Citibank for withholding $7 billion in climate funds awarded as part of the Biden administration’s Inflation Reduction Act. The move escalates a dispute over some $20 billion in grants from the IRA’s Greenhouse Gas Reduction Fund, which was designed to help mobilize private capital toward clean energy and climate solutions. President Trump’s EPA Administrator Lee Zeldin has been on a mission to claw back the funds, claiming their distribution was rushed and mismanaged. In its lawsuit, Climate United says it has been unable to access the $7 billion it was awarded, and that the EPA and Citibank have given no explanation for this. It wants a judge to order that the money be released. “We’re not trying to make a political statement here,” Beth Bafford, chief executive of Climate United, toldThe New York Times. “This is about math for homeowners, for truck drivers, for public schools — we know that accessing clean energy saves them money that they can use on far more important things.” The Trump administration has reportedly demanded that the eight organizations tapped to receive the money turn over records to the FBI and appear in federal court later this month.

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Climate Tech

AI Weather Forecasters Still Need NOAA

While they’re getting more accurate all the time, they still rely on data from traditional models — and possibly always will.

A robot forecaster.
Heatmap Illustration/Getty Images

The National Oceanic and Atmospheric Administration has had a bruising few weeks. Deep staffing cuts at the hands of Elon Musk’s efficiency crusaders have led to concerns regarding the potential closure of facilities critical to data-gathering and weather-forecasting operations. Meteorologists have warned that this could put lives at risk, while industries that rely on trustworthy, publicly available weather data — from insurance to fishing, shipping, and agriculture — are bracing for impact. While reliable numbers are difficult to come by, the agency appears to have lost on the order of 7% to 10% of its workforce, or more than 1,000 employees. NOAA’s former deputy director, Andrew Rosenberg, wrote that Musk plans to lay off 50% of the agency, while slashing its budget by 30%.

Will that actually happen? Who the heck knows. But what we can look at are the small cracks that are already emerging, and who could step in to fill that void.

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Climate

AM Briefing: U.S. Abandons a Key Climate Financing Coalition

On energy transition funds, disappearing butterflies, and Tesla’s stock slump

America’s Shrinking Climate Financing Footprint
Heatmap Illustration/Getty Images

Current conditions: Australians have been told to prepare for the worst ahead of Cyclone Alfred, and 100,000 people are already without power • Argentina’s Buenos Aires province has been hit by deadly flooding • Critical fire conditions will persist across much of west Texas through Saturday.

THE TOP FIVE

1. Trump administration questions aid programs about their climate ambitions

Many foreign aid programs have reportedly received a questionnaire from the Trump administration that they must complete as part of a review, presumably to help the government decide whether or not the groups should receive any more federal funds. One of the questions on the list, according toThe New York Times, is: “Can you confirm this is not a climate or ‘environmental justice’ project or include such elements?” Another asks if the project will “directly impact efforts to strengthen U.S. supply chains or secure rare earth minerals?” President Trump issued an executive order freezing foreign aid on his first day back in office. The Supreme Court subsequently ruled that aid must be released. The Times notes that “many of the projects under scrutiny have already fired their staff and closed their doors, because they have received no federal funds since the review process ostensibly began. … Within some organizations, there are no staff members left to complete the survey.”

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