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Climate

Here Comes the ‘Green Bank’

On EPA grants, sluggish heat waves, and more

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Heatmap Illustration/Getty Images

Current conditions: April is off to a stormy start across the U.S., with severe weather expected from Texas to Pennsylvania • “Red flag” fire warnings were issued throughout the Great Plains over the weekend • Extreme drought continues to destroy crops in southern Africa.

THE TOP FIVE

1. “Green bank” grants are likely coming soon

The Environmental Protection Agency is poised to announce which nonprofit groups will receive $20 billion in grants aimed at spurring private investments in clean technology projects, according to E&E News. The Greenhouse Gas Reduction Fund, a $27 billion program created by the Inflation Reduction Act of 2022, is intended to function as a “green bank” that provides affordable financing to initiatives addressing climate change. Two to three grants under the program’s $14 billion National Clean Investment Fund will go to clean financing “hubs” that can distribute the money to deserving projects and lenders. Another two to seven grants from the $6 billion Clean Communities Investment Accelerator will direct funding and technical assistance to nonprofits already serving disadvantaged communities.

2. Contamination fears in Baltimore

Environmental experts are concerned that the ongoing removal of wreckage from Baltimore’s collapsed Francis Scott Key Bridge could cause oil or other hazardous materials to spill into the Patapsco River. Authorities have deployed nearly a mile’s worth of protective and absorbent barriers into the water, the Associated Press reports, though a U.S. Coast Guard spokesperson said Friday that “no immediate threat to the environment” had been identified. The cargo ship that struck the bridge was carrying at least 56 containers with hazardous materials, 14 of which were destroyed. A breach of the ship’s hull at any point during the cleanup process could leak fuel oil into the water, but at present, the hull looks to be intact.

3. Vermont could be the first state to pass a climate superfund bill

The Vermont Senate approved amendments on Friday to a bill that would seek compensation from fossil fuel companies for the impacts of climate change, Heatmap’s Emily Pontecorvo reports. Vermont’s climate superfund bill — one of several to have been introduced in state legislatures in recent years — would authorize the state to determine the cost it has borne from the extraction and combustion of fossil fuels over the past three decades and then ask responsible parties to pay up. (Vermont plans to focus its efforts on the world’s biggest emitters.) Modeled after federal Superfund law that keeps companies on the hook for cleaning up contamination, Vermont’s bill and others like it face an uncertain future and inevitable legal challenges.

4. Study: Climate change is making heat waves sluggish

Heat waves are moving slower, traveling farther, and lasting longer, a new study found. Scientists have known for a long time that climate change is exacerbating heat waves, but the new study, published Friday in the journal Science Advances, determined that heat waves’ movement has slowed by 20% since 1979 — a decline of about 5 miles per day each decade. They’ve also gotten longer and more frequent. Wei Zhang, a climate scientist at Utah State University and one of the study’s authors, is particularly concerned about the effects of prolonged heat waves on urban areas. “If those heat waves last in the city for much longer than before, that would cause a very dangerous situation,” Zhang told The New York Times.

5. Republican attorneys general take aim at Biden’s LNG moratorium

Sixteen Republican-led states asked a federal court late last week to block the Biden administration’s suspension of approvals for new liquefied natural gas export terminals. The U.S. Department of Energy paused its review of new LNG projects in January amid mounting pressure from environmental groups. The motion, filed in the U.S. District Court for the Western District of Louisiana on Thursday evening, argues that Louisiana and 15 other states will be harmed by the pause.

THE KICKER

800,000: The number of fish estimated to have been killed when liquid nitrogen fertilizer leaked into Iowa’s East Nishnabotna River in early March.

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Podcast

Heatmap’s Annual Climate Insiders Survey Is Here

Rob takes Jesse through our battery of questions.

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Every year, Heatmap asks dozens of climate scientists, officials, and business leaders the same set of questions. It’s an act of temperature-taking we call our Insiders Survey — and our 2026 edition is live now.

In this week’s Shift Key episode, Rob puts Jesse through the survey wringer. What is the most exciting climate tech company? Are data centers slowing down decarbonization? And will a country attempt the global deployment of solar radiation management within the next decade? It’s a fun one! Shift Key is hosted by Robinson Meyer, the founding executive editor of Heatmap, and Jesse Jenkins, a professor of energy systems engineering at Princeton University.

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Climate Insiders Want to Stop Talking About ‘Climate Change’

They still want to decarbonize, but they’re over the jargon.

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Heatmap Illustration/Getty Images

Where does the fight to decarbonize the global economy go from here? The past 12 months, after all, have been bleak. Donald Trump has pulled the United States out of the Paris Agreement (again) and is trying to leave a precursor United Nations climate treaty, as well. He ripped out half the Inflation Reduction Act, sidetracked the Environmental Protection Administration, and rechristened the Energy Department’s in-house bank in the name of “energy dominance.” Even nonpartisan weather research — like that conducted by the National Center for Atmospheric Research — is getting shut down by Trump’s ideologues. And in the days before we went to press, Trump invaded Venezuela with the explicit goal (he claims) of taking its oil.

Abroad, the picture hardly seems rosier. China’s new climate pledge struck many observers as underwhelming. Mark Carney, who once led the effort to decarbonize global finance, won Canada’s premiership after promising to lift parts of that country’s carbon tax — then struck a “grand bargain” with fossiliferous Alberta. Even Europe seems to dither between its climate goals, its economic security, and the need for faster growth.

Now would be a good time, we thought, for an industry-wide check-in. So we called up 55 of the most discerning and often disputatious voices in climate and clean energy — the scientists, researchers, innovators, and reformers who are already shaping our climate future. Some of them led the Biden administration’s climate policy from within the White House; others are harsh or heterodox critics of mainstream environmentalism. And a few more are on the front lines right now, tasked with responding to Trump’s policies from the halls of Congress — or the ivory minarets of academia.

We asked them all the same questions, including: Which key decarbonization technology is not ready for primetime? Who in the Trump administration has been the worst for decarbonization? And how hot is the planet set to get in 2100, really? (Among other queries.) Their answers — as summarized and tabulated by my colleagues — are available in these pages.

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Plus, which is the best hyperscaler on climate — and which is the worst?

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The biggest story in energy right now is data centers.

After decades of slow load growth, forecasters are almost competing with each other to predict the most eye-popping figure for how much new electricity demand data centers will add to the grid. And with the existing electricity system with its backbone of natural gas, more data centers could mean higher emissions.

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