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Climate

Can the G20 Save Climate Finance?

On COP’s woes, Trump’s energy secretary, and the world’s worst air quality

Can the G20 Save Climate Finance?
Heatmap Illustration/Getty Images

Current conditions: Super Typhoon Man-yi made two landfalls across the Philippines over the weekend, becoming the country’s fourth typhoon in 10 days • Parts of Europe are bracing for a cold snap • The Jennings Creek Wildfire along the New York-New Jersey border is 90% contained.

THE TOP FIVE

1. Trump selects fossil fuel industry executive for energy secretary

Over the weekend, President-elect Donald Trump tapped Chris Wright, CEO of the oilfield services firm Liberty Energy and a major Republican donor, to lead the Department of Energy. Wright had been endorsed by several figures from the fossil fuel industry in the days leading up to Trump’s official announcement, including Oklahoma oil and gas billionaire Harold Hamm, a major Trump donor and informal advisor. While under current Secretary of Energy Jennifer Granholm, the DOE has become a locus of climate change and green energy policy. The sprawling department oversees the nation’s nuclear weapons stockpile, its national laboratories, and its energy efficiency standards, in addition to a variety of energy programs. Wright is a deep s keptic of the idea that there’s a climate crisis or energy transition happening at all. To wit: “There is no climate crisis, and we’re not in the midst of an energy transition,” Wright said in a video posted to LinkedIn last year. He also wrote that “climate crisis, energy transition, carbon pollution, clean energy, and dirty energy,” were “Five commonly used words around Energy and Climate that are both deceptive and destructive.” Heatmap’s Matthew Zeitlin said one of Wright’s first priorities will likely be to unblock the federal permitting process for new liquefied natural gas export terminals.

2. G20 leaders try to succeed on climate finance where COP is failing

We’re now entering the second week of COP29. Negotiations so far have not yielded much in the way of a new collective goal for climate finance, but this could change as climate ministers finally join the summit. Meanwhile, leaders at the G20 summit in Brazil seem to be taking matters into their own hands after U.N. climate chief Simon Stiell penned a letter over the weekend asking them to take action on climate finance. On Sunday, G20 negotiators reportedly agreed on a text that mentions developing countries’ (voluntary) climate finance contributions. This line could help address a key sticking point for rich countries, who want some of the richer developing nations – China, for example – to contribute to a new climate finance goal. The G20 breakthrough “could unlock bigger numbers for the [New Collective Quantified Goal], as developed countries say this expanding of the contributor base is a condition of them raising their climate finance promise above $100 billion,” wroteClimate Home News.

3. Biden visits Amazon rainforest

On his way to the G20 summit, President Biden made a pit stop in Brazil’s Amazon rainforest, becoming the first sitting U.S. president to visit the natural wonder. He was given a tour by helicopter, met with Indigenous leaders, and signed a U.S. proclamation designating November 17 as International Conservation Day. “The world’s forest trees breathe carbon dioxide out of the atmosphere, and yet each minute, the world is chopping down the equivalent (of) 10 soccer fields worth of forest,” Biden said during the visit. “The fight to protect our planet is literally a fight for humanity.” He said climate change has been a pillar of his presidency, and declared that nobody could reverse the energy transition that is underway.

X/POTUS

4. Biden administration races to cement climate legacy

President Biden plans to finalize a clean fuel tax credit rule before his term ends, a White House official toldReuters. The program would provide tax credits for producers of sustainable aviation fuel and other low-emissions transportation fuels. He’s also reportedly thinking of pushing for an agreement among the international Organization for Economic Co-operation and Development (OECD) aimed at reducing financing for foreign fossil fuel projects. Such a deal couldn’t be dismantled by his successor. “If the U.S. moves forward, this would be more meaningful than anything they will do at COP and more Trump-proof,” Kate DeAngelis, international finance program manager for the environmental group Friends of the Earth, toldBloomberg. “It will shift billions of dollars away from fossil fuels.”

5. Toxic smog plagues New Delhi

Northern India’s smog emergency continues to worsen, with air quality in New Delhi reaching levels that are 60 times the World Health Organization’s recommended limits. The city’s IQAir measurement climbed above 1,600. For context, readings over 301 are considered dangerous. Schools are closed, a medical emergency has been declared, and people are being urged to stay indoors. Much of the smog is coming from fires set by farmers, which is made worse by colder temperatures that trap pollutants.

IQAir

THE KICKER

New MethaneSAT data just dropped. The latest snapshots from the methane-spotting satellite support the theory that smaller emissions, scattered across wide areas, are responsible for a large share of total methane emissions from the oil and gas sector. Here are some images from the Permian basin in the U.S., and a basin in Turkmenistan:

MethaneSAT

MethaneSAT

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Q&A

You, Too, Can Protect Solar Panels Against Hail

A conversation with VDE Americas CEO Brian Grenko.

This week's interview subject.
Heatmap Illustration

This week’s Q&A is about hail. Last week, we explained how and why hail storm damage in Texas may have helped galvanize opposition to renewable energy there. So I decided to reach out to Brian Grenko, CEO of renewables engineering advisory firm VDE Americas, to talk about how developers can make sure their projects are not only resistant to hail but also prevent that sort of pushback.

The following conversation has been lightly edited for clarity.

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Hotspots

The Pro-Renewables Crowd Gets Riled Up

And more of the week’s big fights around renewable energy.

The United States.
Heatmap Illustration/Getty Images

1. Long Island, New York – We saw the face of the resistance to the war on renewable energy in the Big Apple this week, as protestors rallied in support of offshore wind for a change.

  • Activists came together on Earth Day to protest the Trump administration’s decision to issue a stop work order on Equinor’s Empire Wind project. It’s the most notable rally for offshore wind I’ve seen since September, when wind advocates protested offshore opponents at the Preservation Society of Newport County, Rhode Island.
  • Esther Rosario, executive director of Climate Jobs New York, told me the rally was intended to focus on the jobs that will be impacted by halting construction and that about a hundred people were at the rally – “a good half of them” union members or representing their unions.
  • “I think it’s important that the elected officials that are in both the area and at the federal level understand the humans behind what it means to issue a stop-work order,” she said.

2. Elsewhere on Long Island – The city of Glen Cove is on the verge of being the next New York City-area community with a battery storage ban, discussing this week whether to ban BESS for at least one year amid fire fears.

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Spotlight

How a Carbon Pipeline Is Turning Iowa Against Wind

Long Islanders, meanwhile, are showing up in support of offshore wind, and more in this week’s edition of The Fight.

Iowa.
Heatmap Illustration/Getty Images, Library of Congress

Local renewables restrictions are on the rise in the Hawkeye State – and it might have something to do with carbon pipelines.

Iowa’s known as a renewables growth area, producing more wind energy than any other state and offering ample acreage for utility-scale solar development. This has happened despite the fact that Iowa, like Ohio, is home to many large agricultural facilities – a trait that has often fomented conflict over specific projects. Iowa has defied this logic in part because the state was very early to renewables, enacting a state portfolio standard in 1983, signed into law by a Republican governor.

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