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Climate

Atmosperhic CO2 Is at an 800,000-Year High

On the WMO’s latest report, EPA climate grants, and BYD

Atmosperhic CO2 Is at an 800,000-Year High
Heatmap Illustration/Getty Images

Current conditions: More than 2 million people are under blizzard warnings across the Midwest • A landslide is suspected of rupturing an oil pipeline in northwest Ecuador, triggering an environmental emergency • Beaches are closed in South Australia due to a dangerous microalgal bloom, which officials believe could be caused by the combination of unusual hot and dry weather, low wind, and low tides.

THE TOP FIVE

1. Judge temporarily blocks EPA’s efforts to claw back climate grants

A U.S. district judge issued a temporary restraining order yesterday blocking the Environmental Protection Agency from taking back billions of dollars in climate grants issued to a handful of nonprofits under the Inflation Reduction Act’s Greenhouse Gas Reduction Fund. Under the order, Citibank, where the funds are held, cannot transfer the money out of the nonprofits’ accounts because doing so would cause them “imminent harm.” The nonprofits in question – Climate United Fund, Coalition for Green Capital, and Power Forward Communities – received about $14 billion of more than $20 billion awarded for clean energy and climate solutions. The Trump administration’s EPA, led by Lee Zeldin, has frozen and attempted to claw back the funds, accusing the Biden administration of approving them hastily and without oversight, and accusing the nonprofits of “fraud, waste, and abuse.” Several of the grantees have sued the EPA and Citibank. In her decision, Judge Tanya Chutkan of Washington, D.C., said “there are serious due process concerns” about the EPA’s actions.

2. Key takeaways from WMO’s ‘State of the Global Climate’ report

The World Meteorological Organization’s annual “State of the Global Climate” report is out today. It’s packed full of numbers from 2024 that tell an alarming story:

  • Atmospheric carbon dioxide levels are now at their highest point in 800,000 years.
  • The average global temperature last year was 1.55 degrees Celsius (2.79 degrees Fahrenheit) above pre-industrial levels.
  • The ocean was the hottest it’s ever been in the 65-year observational record, and the ocean is warming more than twice as fast now as it was between 1960 and 2005.
  • There were 151 “unprecedented” extreme weather events in 2024, causing the highest number of new displacements of humans since 2008.
  • Sea levels are rising at double the rate seen in 1993.
  • The world’s glaciers have lost more mass over the past three years than in any other three-year period on record.

“WMO and the global community are intensifying efforts to strengthen early warning systems and climate services to help decision-makers and society at large be more resilient to extreme weather and climate,” said WMO Secretary-General Celeste Saulo. “We are making progress but need to go further and need to go faster. Only half of all countries worldwide have adequate early warning systems. This must change.”

3. SBTi maintains 1.5C goal for corporate sustainability standards

The Science Based Targets initiative, an influential nonprofit authority on best practices for corporate sustainability, published a draft proposal for its revised Net Zero Standard yesterday. It “requires that net-zero targets across all scopes (1, 2 and 3) be aligned with pathways limiting global warming to 1.5°C with no or limited overshoot.” In other words, companies that want an SBTi seal of approval can’t abandon the goal of limiting warming to 1.5 degrees Celsius, even as the world comes off its first year of average global temperatures above this threshold. “The finance industry is already abandoning voluntary initiatives intended to align their businesses with 1.5C,” noted Bloomberg, “with the Net-Zero Banking Alliance now virtually wiped off the map in North America.”

Companies were hoping the new standard would give direction as to whether they should be buying carbon removal in the near-term. But as Heatmap’s Emily Pontecorvo explains, in the section on carbon removal, SBTi described several potential approaches, none of which appears to be particularly ambitious. Feedback on the draft is due by June 1, after which the group’s technical department and expert working groups will refine it. SBTi expects companies to begin using the new standard to refine their targets in 2027.

4. Court dismisses legal challenge to NYC’s building electrification rules

A court has dismissed a legal challenge against New York City’s Local Law 154, which sets strict carbon dioxide limits that effectively ban fossil fuel-based space heating, hot water systems, cooking ranges, and clothes dryers in new buildings and buildings being gutted for renovation. Some industry groups and a plumber labor union challenged the law, claiming it “preempted” national energy-efficiency standards. The court disagreed, finding the law “regulates, indirectly, the type of fuel that a covered product may consume in certain settings, irrespective of that product’s energy efficiency or use.”

“This ruling is a major victory for local democracy and New York City residents who deserve healthy air and climate protection,” said Daniel Carpenter-Gold, staff attorney on the Climate Justice Team at the Public Health Law Center. “The court has affirmed that cities have the legal authority to address the use of fossil fuels in buildings, a major contributor to both climate change and air pollution.”

5. BYD unveils five-minute EV charging

Chinese auto giant BYD claims to have developed technology that can charge an electric vehicle for 250 miles of range in just five minutes, or about the same amount of time it takes to fill up a gas-powered car. The Super e-Platform “can achieve a charging power of one megawatt and a peak charging speed of two kilometers per second,” Bloomberg explained, “making it the fastest system of its type for mass-produced vehicles.” The claims boosted the company’s shares on Tuesday. Over the last year, the Tesla rival’s stock has gained 85%.

THE KICKER

The area of land covered by monarch butterflies wintering in Mexico this year has doubled compared to 2024, indicating a possible rebound for the iconic insects.

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Politics

Scoop: Trump Administration Refuses to Allow Safety Fixes at Vineyard Wind

The offshore wind developer was in the process of completing necessary repairs when the administration issued its stop work order, according to court filings.

Trump grabbing a turbine blade.
Heatmap Illustration/Getty Images

In the Atlantic ocean south of Massachusetts, 10 wind turbine towers, each 500 feet tall, stand stripped of their rotary blades. Stuck in this bald state due to the Trump administration’s halt on offshore wind construction, the towers are susceptible to lightning strikes and water damage. This makes them a potential threat to public safety, according to previously unreported court filings from the project developer, Vineyard Wind.

The company filed for an injunction against Trump’s stop work order last week. The order posed a unique threat to Vineyard Wind, as the project is 95% complete and its contract with a key construction boat is set to expire on March 31, the filing said. “If construction is not completed by that date, the partially completed wind turbines will be left in an unsafe condition and Vineyard Wind will incur a series of financial consequences that it likely could not survive,” the company wrote.

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Climate Tech

Zanskar Raises $115 Million to Propel Geothermal Discoveries

One of the buzziest climate tech companies in our Insiders Survey is pushing past the “missing middle.”

A Zanskar facility.
Heatmap Illustration/Zanskar, Getty Images

One of the buzziest climate tech companies of the past year is proving that a mature, hitherto moribund technology — conventional geothermal — still has untapped potential. After a breakthrough year of major discoveries, Zanskar has raised a $115 million Series C round to propel what’s set to be an investment-heavy 2026, as the startup plans to break ground on multiple geothermal power plants in the Western U.S.

“With this funding, we have a six power plant execution plan ahead of us in the next three, four years,” Diego D’Sola, Zanskar’s head of finance, told me. This, he estimates, will generate over $100 million of revenue by the end of the decade, and “unlock a multi-gigawatt pipeline behind that.”

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AM Briefing

Of Mines and Men

On New Jersey’s rate freeze, ‘global water bankruptcy,’ and Japan’s nuclear restarts

Lithium mining.
Heatmap Illustration/Getty Images

Current conditions: A major winter storm stretching across a dozen states, from Texas to Delaware, and could hit by midweek • The edge of the Sahara Desert in North Africa is experiencing sandstorms kicked up by colder air heading southward • The Philippines is bracing for a tropical cyclone heading toward northern Luzon.

THE TOP FIVE

1. New Jersey’s new governor freezes electricity prices during inauguration speech

Mikie Sherrill wasted no time in fulfilling the key pledge that animated her campaign for governor of New Jersey. At her inauguration Tuesday, the Democrat signed a series of executive orders aimed at constraining electricity bills and expanding energy production in the state. One order authorized state utility regulators to freeze rate hikes. Another directed the New Jersey Board of Public Utilities “to open solicitations for new solar and storage power generation, to modernize gas and nuclear generation so we can lower utility costs over the long term.” Now, as Heatmap’s Matthew Zeitlin put it, “all that’s left is the follow-through,” which could prove “trickier than it sounds” due to “strict deadlines to claim tax credits for renewable energy development looming.”

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Yellow