Current conditions: Large parts of Pennsylvania are under a frost advisory today and tomorrow • The remnants of Hurricane Kirk killed at least one person in France • A severe solar storm is expected to hit Earth today.
THE TOP FIVE
1. Hurricane Milton moves toward Atlantic after slamming into Florida
Hurricane Milton is headed out to the Atlantic after raking across Florida overnight, and as the sun comes up, residents are assessing the damage left in its wake. Milton made landfall near Sarasota as a Category 3 storm, bringing heavy rainfall, dangerous winds, and flooding. St. Petersburg reported 16 inches of rain, which meteorologists say is a 1-in-1,000-year event. The storm also triggered more than 130 tornado warnings, possibly a new record. The Tropicana Field Stadium in Tampa sustained significant damage. While deaths have been reported, it’s not yet clear how many. More than 3 million people are without power.
Before the storm hit, the Florida Department of Financial Services issued a rule that requires insurance claims adjusters to provide an explanation for any changes they make to a claimant’s loss estimate, The Washington Postreported, calling the move “a groundbreaking win for policyholders.”
2. WWF report charts steep wildlife population decline
The World Wide Fund for Nature published its 2024 Living Planet Report yesterday, which tracks nearly 5,500 species of amphibians, birds, fish, mammals and reptiles all over the world. It found that wildlife populations plummeted by about 73% between 1970 and 2020, as illustrated in this rather bleak but very effective chart:
WWF
Latin America, which is home to some of the most biodiverse regions in the world, saw the worst losses, at 95%. Freshwater species experienced the greatest decline at 85%. There are some success stories, such as a 3% increase in the mountain gorilla population, and the incredible comeback of the European Bison, but generally the report is pretty heartbreaking. It underscores the interconnected nature of the climate crisis and nature destruction. “It really does indicate to us that the fabric of nature is unraveling,” said Rebecca Shaw, WWF’s chief scientist. The report comes days ahead of the start of the UN COP16 biodiversity summit in Colombia, where delegates will discuss concrete ways to stop biodiversity loss.
3. CEOs publish letter urging more government action on climate
More than 100 CEOs from some of the world’s biggest corporations have published a letter urging governments and the private sector to boost efforts to keep Paris Agreement goals alive. The letter, signed by the heads of companies including Ikea, AstraZeneca, A.P. Moller-Maersk, Bain & Company, Iberdrola, Orsted, and Volvo Cars, calls for governments to:
- put forward aggressive and transparent new emission reduction plans
- scale up climate finance including expanding the use of carbon pricing and phasing out fossil-fuel subsidies
- eliminate permitting barriers for renewable projects
- enact policies to help create a market for and scale breakthrough technologies
4. IMO boss says shipping industry must target ‘low hanging fruit’ to get reduce emissions
The head of the International Maritime Organization this week called on the shipping industry to do more to cut emissions from the sector. Shipping accounts for about 3% of global greenhouse gas emissions. The IMO recently set a new industry-wide target of a 20% emissions reduction by 2030, and net-zero by 2050. But the IMO’s Arsenio Dominguez said there is more to be done to hit these goals. That includes “low hanging fruit” like reducing ship speed, charting routes according to the weather, and cleaning the hulls of ships to reduce friction, The Associated Pressreported. But in the long-term, he said, the industry will need to switch to cleaner fuels, which have yet to scale.
5. Form Energy raises $405 million for iron-air battery tech
Long-duration energy storage startup Form Energy, closed a $405 million Series F funding round this week, bringing its total funding to more than $1.2 billion. Form uses a novel method for storing energy, combining iron and oxygen to make rust, a process that the company claims can be used to store and discharge up to 100 hours of battery power. As renewable energy production ramps up, new ways of storing variable energy from wind and solar is essential, and Form’s latest fundraising underscores this need. Canary Mediareported that Form’s technology isn’t proven at utility scale yet but the company is working on commercial deployments and broke ground on a project in August to provide energy to a utility in Minnesota.
THE KICKER
Some dragonfly species have evolved to have darker wing spots as a breeding advantage. A new study finds these dragonflies have also evolved to be able to withstand higher temperatures.
Noah Leith
WWF
Noah Leith
Walmart
