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Trade is unprepared for the world’s waterways running dry.

Here’s an image that feels too heavy-handed to be true, like a film student’s blundering attempt at metaphor. In the height of last summer, Europe shimmering under 104 degree heat, a coal barge carried fuel down the arid Rhine river, but it was only a quarter full. That was the most it could haul without scraping the bottom of the barely-flowing trickle the river had become. The coal was headed for recently fired-up, old power stations.
If you’re able to think past the thickly suffocating heat-haze of late last summer you might remember there was a string of articles about fantastic things emerging from river beds. Amazing old statues and carved rocks, all of them dire warnings that “if you see me, then weep” because they indicated deadly levels of drought.
In China huge areas of Sichuan were shut down, factories forcibly closed to conserve power. The Yangtze ran dry, revealing its own ancient statues and calling a halt to cargo shipments. The Mississippi took until February 2023 to recover its water level from the 2022 summer drought.
This wasn't happening in any specific part of the world, unless you count “the northern hemisphere” as very specific. And it wasn’t just a hot summer or a dry spell. It was a vision of what’s likely to get even worse over the next 10 years. Economies, much less ecosystems, are unprepared for the world’s rivers drying up.
Let’s start with the science. What keeps freshwater rivers flowing are mostly mountain glaciers. They can basically be considered natural water towers, storing ice and snow in the winter that melt and feed rivers in the summer. As climate change makes winters milder and summers hotter, glacier shrinkage has been increasing, with repercussions for Earth’s waterways that are quickly felt by humans.
Rapid glacier melt first poses a higher risk of flooding, but then there’s the more extended threat of not enough water flowing down from the mountains. The Alps, Hindu Kush, Pamir, and Himalayas are particularly badly affected, according to the most extensive study that’s been done into the situation, put together by ETH Zurich and the University of Toulouse. The Himalayas are particularly worrying, per the research, because without glacier meltwater, it’s possible the entire region will run arid (at temperatures MIT researchers warn will be unlivable for humans in the near future). In the Alps, there’s a less immediate threat of reaching a heat level that will cook your organs, but the problem is still going to bludgeon Europe with its bluntly obvious warning that we should have done something sooner.
This is where Earth’s near-groan-worthy metaphors come back into play. In 2022, the Alpine-meltwater-fed Rhine reached water levels measured as low as 2.4 inches in parts of Germany. That’s not navigable by ships, even only laden at a quarter of their normal load, which meant that Germany’s recently fired-up coal power stations (responding to a lack of natural gas after Russia’s invasion of Ukraine) were starved of the fuel that would otherwise be shipped up the then-dehydrated river.
That might sound like a way for nature to strike back. We cook the planet, she takes our fuel for doing it away. But an unpredicted and pretty immediate consequence of our complacency in the face of climate change might not be the dramatic wildfires and extreme climate events as much as everything just slowly, sweatily stopping. For months on end.
River transport isn’t talked about all that much unless you’re particularly interested in logistics and you’d be forgiven for thinking it’s something out of industrial history. Coal barges don’t really fit with the image of modern Germany but that’s how fuel, including oil, gets moved around, massively more efficiently than by road. In Germany, the Rhine accounts for 86 percent of inland shipping and is a vital route for coal and oil, as long as they’re still used. (Except when the river is dry, of course.)Twelve million tonnes shipped along it in the first five months of 2022,
To put it into perspective, it’s not dissimilar to how the U.S. nearly hit disaster last year with a planned railway strike that would have completely throttled goods movement, from crops to cars, across the country. But while you can argue with industrial action (and god knows the railroads tried), there’s no negotiating with a dry riverbed.
But back to Europe. At the same time as Germany was puzzling out the movement of coal, France was throttling its electricity network, running on low power after its system of relatively clean nuclear power stations had to be partially shut down.
Squabbling over the same dry Rhine, plants didn’t have enough water to cool reactors running at full pelt. The plant in Fessenheim, France’s oldest, had to be shut down in August over fears the river water it used to cool itself would be so super-heated it would result in mass die-offs of fish when it had been cycled through the reactor. By September the energy shortage was so severe France simply changed the law to let that happen. Nature takes away our rivers? We’ll screw them even harder.
Over in China, 8.2 billion tons of goods are moved around each year by river. Even during the lockdown-struck 2020, the Yangtze moved 2.9 billion tons alone. But in 2022, authorities in Sichuan had to resort to using gigantic drones and rockets to seed clouds and force rainfall, in order to get the power back on to factories dependent on hydroelectric dams. The economic impacts of extended shutdown in China’s sixth biggest economic region forced the desperate move, but it’s not one that can be pulled off regularly or as a long-term solution to a problem that’s going to keep happening.
In the U.S., parts of the Mississippi hit record lows in the summer and fall of 2022 due to extreme drought. Barges got stuck in the mud, freight traffic got backed up for days along the vital waterway, and cargo prices spiked. The river that 92% of American agricultural exports travel down was responsible for a $64 billion cost to on trade. It took $20 billion just to close marinas up and down the river. A bill to try to protect waterways, amongst other natural infrastructure, has been passed around Congress but is yet to pass.
The world runs on energy, as a physical process as much as a phone battery percentage, and the situation with rivers is going to keep cutting the world off from it. And it’s happening quickly. Back in 2019 the IPCC released a report into the effects of climate change on the Earth’s water systems that reassured us that despite falling river levels there was, as yet, only "limited evidence" that hydropower production would be affected. You can scratch that one out and put in a dead certainty, just three years later. No one writing the report would have suspected that coal would be the other energy casualty of droughts with the world supposed to be transitioning rapidly away from dirty energy production.
Switching from trucking to river freight is an environmental priority, too. Due to CO2 emissions and the catastrophe that is tire particulate pollution, the waterways are a much better way to carry heavy loads. The EU’s green plan is to switch a "substantial amount" of the 75 percent of freight currently carried on roads to waterways by 2027, which is unfortunately going to be literally scuppered by boats being unable to navigate waterways. And the more we don’t switch, the worse we make the problem that's causing this dry-up in the first place.
There isn’t going to be a quick answer. The impacts of glacial retreat are, according to the latest (and last, until 2030) IPCC report, "approaching irreversibility" for some ecosystems and even clever drones and cloud seeding can't actually control the weather in the long term. Rivers have been systems of security since ancient civilizations but we might not be able to rely on them going forwards.
It’s been another warm winter, with not much to thaw for this summer. The dire warning the dry rivers are giving us is very much from this century, with record lows set to be seen again.
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The administration has yet to publish formal documentation of its decision, leaving several big questions unanswered.
President Trump announced on Thursday that he was repealing the Environmental Protection Agency’s scientific determination that greenhouse gases are dangerous to human health and the natural world.
The signal move would hobble the EPA’s ability to limit heat-trapping pollution from cars, trucks, power plants, and other industrial facilities. It is the most aggressive attack on environmental regulation that the president and his officials have yet attempted.
The move, which was first proposed last summer, has major legal implications. But its importance is also symbolic: It brings the EPA’s official view of climate change much closer to President Trump’s false but long-held claim that anthropogenic global warming — which scientists have long affirmed as a major threat to public health and the environment — is in fact a “con job,” “a hoax,” and a “scam.”
While officials in the first Trump administration frequently sought to undermine climate regulation, arguing that the government’s climate rules were unnecessary or a waste of time and money, they did not formally try to undo the agency’s scientific determination that heat-trapping pollution was dangerous.
The move is only the most recent of a long list of attacks on environmental protections — including the partial rollback of the country’s first climate law, the Inflation Reduction Act, enacted last summer — that Trump and congressional Republicans have overseen since taking office last January.
The repeal has few near-term implications for utilities, clean energy companies, or automakers because the Trump administration has already suspended rules limiting air pollution from vehicles and the power sector. But it could shape the long-term direction of American climate and energy policy.
Several environmental and public health organizations, including the American Lung Association and the Environmental Defense Fund, have vowed to challenge the move in court.
If the Supreme Court eventually rules in favor of the Trump administration, then it would hamstring the ability of any future president — Republican or Democrat — to use the EPA to slow climate change or limit greenhouse gas pollution. The EPA has not yet published the legal documents formalizing the repeal.
Here is what we know — and don’t know — about the repeal for now:
Startups Airloom Energy and Radia looked at the same set of problems and came up with very different solutions.
You’d be forgiven for assuming that wind energy is a technologically stagnant field. After all, the sleek, three-blade turbine has defined the industry for nearly half a century. But even with over 1,000 gigawatts of wind generating capacity installed worldwide, there’s a group of innovators who still see substantial room for improvement.
The problems are myriad. There are places in the world where the conditions are too windy and too volatile for conventional turbines to handle. Wind farms must be sited near existing transportation networks, accessible to the trucks delivering the massive components, leaving vast areas with fantastic wind resources underdeveloped. Today’s turbines have around 1,500 unique parts, and the infrastructure needed to assemble and stand up a turbine’s multi-hundred-foot tower and blades is expensive— giant cranes don’t come cheap.
“We’ve only really ever tried one type of technology,” Neal Rickner, the CEO of the wind power startup Airloom Energy, told me. Now, he’s one of a few entrepreneurs trying a new approach.
Airloom’s system uses much-shorter vertical blades attached to an oval track that resembles a flat rollercoaster — no climbs or drops, just a horizontal loop composed of 58 unique parts. Wind propels the blades around the track, turning a vertical shaft that’s connected to an electricity-producing generator. That differs from conventional turbines, which spin on a vertical plane around a horizontal shaft, like a ferris wheel.
The system is significantly lower to the ground than today’s turbines and has the ability to capture wind from any direction, unlike conventional turbines, allowing for deployment in areas with shifting wind patterns. It promises to be mass manufacturable, cheap, and simple to transport and install, opening up the potential to build systems in a wider variety of geographies — everywhere from airports to remote or even mountainous regions.
Airloom’s CTO, Andrew Streett, brings a background in drone tech that Rickner said helped shape the architecture of Airloom’s blades. “It’s all known tech. And it’s not completely off the shelf, but Andrew’s done it on 17 other platforms,” he told me. Rickner himself spent years at GoogleX working on Makani, a now-defunct wind energy project that attempted to commercialize an airborne wind energy system. The concept involved attaching rotors to autonomous kites, which flew in high-altitude loops to capture wind energy.
That system ultimately proved too complicated, something Airloom’s founder Robert Lumley warned Rickner about a decade ago at an industry conference. As Rickner recalls, he essentially told him, “all of that flying stuff is too complicated. Put all that physics — which is great — put it on the ground, on a rail.” Rickner took the lesson to heart, and when Lumley recruited him to join Airloom’s team a few years ago, he said it felt like an ideal chance to apply all the knowledge he’d accumulated “around what it takes to bring a novel wind technology to a very stodgy market.”
Indeed, the industry has proven difficult to disrupt. While Airloom was founded in 2014, the startup is still in its early stages, though it’s attracted backing from some climate sector heavyweights. Lowercarbon Capital led its $7.5 million seed round in 2024, which also included participation from Breakthrough Energy Ventures. The company also secured $5 million in matching funds from the state of Wyoming, where it’s based, and a $1.25 million contract with the Department of Defense.
Things are moving now. In the coming months, Airloom is preparing to bring its pilot plant online in Wyoming, closely followed by a commercial demo. Rickner told me the plan is to begin construction on a commercial facility by July 4, the deadline for wind to receive federal tax credits.
“If you could just build wind without gigantic or heavy industrial infrastructure — cranes and the like —- you will open up huge parts of the world,” Rickner told me, citing both the Global South and vast stretches of rural America as places where the roads, bridges, cranes, and port infrastructure may be insufficient for transporting and assembling conventional turbines. While modern onshore installations can exceed 600 feet from the tower’s base to the blade’s tip, Airloom’s system is about a fifth that height. Its nimble assembly would also allow turbines to be sited farther from highways, potentially enabling a more “out of sight, out of mind” attitude among residents and passersby who might otherwise resist such developments.
The company expects some of its first installations to be co-located with — you guessed it — data centers, as tech giants are increasingly looking to circumvent lengthy grid interconnection queues by sourcing power directly from onsite renewables, an option Rickner said wasn’t seriously discussed until recently.
Even considering Trump’s cuts to federal incentives for wind, “I’d much rather be doing Airloom today than even a year ago,” Rickner told me. “Now, with behind-the-meter, you’ve got different financing options. You’ve got faster buildout timelines that actually meet a venture company, like Airloom. You can see it’s still a tough road, don’t get me wrong. But a year ago, if you said we’re just going to wait around seven years for the interconnection queue, no venture company is going to survive that.”
It’s certainly not the only company in the sector looking to benefit from the data center boom. But I was still surprised when Rickner pointed out that Airloom’s fundamental value proposition — enabling wind energy in more geographies — is similar to a company that at first glance appears to be in a different category altogether: Radia.
Valued at $1 billion, this startup plans to make a plane as long as a football field to carry blades roughly 30% to 40% longer than today’s largest onshore models. Because larger blades mean more power, Radia’s strategy could make wind energy feasible in low-wind regions or simply boost output where winds are strong. And while the company isn’t looking to become a wind developer itself, “if you look at their pitch, it is the Airloom pitch,” Rickner told me.
Will Athol, Radia’s director of business development, told me that by the time the company was founded in 2016, “it was becoming clear that ground-based infrastructure — bridges, tunnels, roads, that kind of thing — was increasingly limiting where you can deploy the best turbines,” echoing Airloom’s sentiments. So competitors in the wind industry teamed up, requesting logistics input from the aviation industry. Radia responded, and has since raised over $100 million as it works to achieve its first flight by 2030.
Hopefully by that point, the federal war on wind will be a thing of the past. “We see ourselves and wind energy as a longer term play,” Athol told me. Though he acknowledged that these have certainly been “eventful times for the wind industry” in the U.S., there’s also a global market eager for this tech. He sees potential in regions such as India and North Africa, where infrastructure challenges have made it tough to deploy large-scale turbines.
Neither Radia nor Airloom thinks its approach will render today’s turbines obsolete, or that other renewable resources will be completely displaced. “I think if you look at most utilities, they want a mix,” Rickner said. But he’s still pretty confident in Airloom’s potential to seriously alter an industry that’s long been considered mature and constrained to incremental gains.
“When Airloom is 100% successful,” he told me, “we will take a huge chunk of market share.”
On electrolyzers’ decline, Anthropic’s pledge, and Syria’s oil and gas
Current conditions: Warmer air from down south is pushing the cold front in Northeast back up to Canada • Tropical Cyclone Gezani has killed at least 31 in Madagascar • The U.S. Virgin Islands are poised for two days of intense thunderstorms that threaten its grid after a major outage just days ago.
Back in November, Democrats swept to victory in Georgia’s Public Service Commission races, ousting two Republican regulators in what one expert called a sign of a “seismic shift” in the body. Now Alabama is considering legislation that would end all future elections for that state’s utility regulator. A GOP-backed bill introduced in the Alabama House Transportation, Utilities, and Infrastructure Committee would end popular voting for the commissioners and instead authorize the governor, the Alabama House speaker, and the Alabama Senate president pro tempore to appoint members of the panel. The bill, according to AL.com, states that the current regulatory approach “was established over 100 years ago and is not the best model for ensuring that Alabamians are best-served and well-positioned for future challenges,” noting that “there are dozens of regulatory bodies and agencies in Alabama and none of them are elected.”
The Tennessee Valley Authority, meanwhile, announced plans to keep two coal-fired plants operating beyond their planned retirement dates. In a move that seems laser-targeted at the White House, the federally-owned utility’s board of directors — or at least those that are left after President Donald Trump fired most of them last year — voted Wednesday — voted Wednesday to keep the Kingston and Cumberland coal stations open for longer. “TVA is building America’s energy future while keeping the lights on today,” TVA CEO Don Moul said in a statement. “Taking steps to continue operations at Cumberland and Kingston and completing new generation under construction are essential to meet surging demand and power our region’s growing economy.”
Secretary of the Interior Doug Burgum said the Trump administration plans to appeal a series of court rulings that blocked federal efforts to halt construction on offshore wind farms. “Absolutely we are,” the agency chief said Wednesday on Bloomberg TV. “There will be further discussion on this.” The statement comes a week after Burgum suggested on Fox Business News that the Supreme Court would break offshore wind developers’ perfect winning streak and overturn federal judges’ decisions invalidating the Trump administration’s orders to stop work on turbines off the East Coast on hotly-contested national security, environmental, and public health grounds. It’s worth reviewing my colleague Jael Holzman’s explanation of how the administration lost its highest profile case against the Danish wind giant Orsted.
Thyssenkrupp Nucera’s sales of electrolyzers for green hydrogen projects halved in the first quarter of 2026 compared to the same period last year. It’s part of what Hydrogen Insight referred to as a “continued slowdown.” Several major projects to generate the zero-carbon fuel with renewable electricity went under last year in Europe, Australia, and the United States. The Trump administration emphasized the U.S. turn away from green hydrogen by canceling the two regional hubs on the West Coast that were supposed to establish nascent supply chains for producing and using green hydrogen — more on that from Heatmap’s Emily Pontecorvo. Another potential drag on the German manufacturer’s sales: China’s rise as the world’s preeminent manufacturer of electrolyzers.
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The artificial intelligence giant Anthropic said Wednesday it would work with utilities to figure out how much its data centers were driving up electricity prices and pay a rate high enough to avoid passing the costs onto ratepayers. The announcement came as part of a multi-pronged energy strategy to ease public concerns over its data centers at a moment when the server farms’ effect on power prices and local water supplies is driving a political backlash. As part of the plan, Anthropic would cover 100% of the costs of upgrading the grid to bring data centers online, and said it would “work to bring net-new power generation online to match our data centers’ electricity needs.” Where that isn’t possible, the company said it would “work with utilities and external experts to estimate and cover demand-driven price effects from our data centers.” The maker of ChatGPT rival Claude also said it would establish demand response programs to power down its data centers when demand on the grid is high, and deploy other “grid optimization” tools.
“Of course, company-level action isn’t enough. Keeping electricity affordable also requires systemic change,” the company said in a blog post. “We support federal policies — including permitting reform and efforts to speed up transmission development and grid interconnection — that make it faster and cheaper to bring new energy online for everyone.”

Syria’s oil reserves are opening to business, and Western oil giants are in line for exploration contracts. In an interview with the Financial Times, the head of the state-owned Syrian Petroleum Company listed France’s TotalEnergies, Italy’s Eni, and the American Chevron and ConocoPhillips as oil majors poised to receive exploration licenses. “Maybe more than a quarter, or less than a third, has been explored,” said Youssef Qablawi, chief executive of the Syrian Petroleum Company. “There is a lot of land in the country that has not been touched yet. There are trillions of cubic meters of gas.” Chevron and Qatar’s Power International Holding inked a deal just last week to explore an offshore block in the Mediterranean. Work is expected to begin “within two months.”
At the same time, Indonesia is showing the world just how important it’s become for a key metal. Nickel prices surged to $17,900 per ton this week after Indonesia ordered steep cuts to protection at the world’s biggest mine, highlighting the fast-growing Southeast Asian nation’s grip over the global supply of a metal needed for making batteries, chemicals, and stainless steel. The spike followed Jakarta’s order to cut production in the world’s biggest nickel mine, Weda Bay, to 12 million metric tons this year from 42 million metric tons in 2025. The government slashed the nationwide quota by 100 million metric tons to between 260 million and 270 million metric tons this year from 376 million metric tons in 2025. The effect on the global price average showed how dominant Indonesia has become in the nickel trade over the past decade. According to another Financial Times story, the country now accounts for two-thirds of global output.
The small-scale solar industry is singing a Peter Tosh tune: Legalize it. Twenty-four states — funny enough, the same number that now allow the legal purchase of marijuana — are currently considering legislation that would allow people to hook up small solar systems on balconies, porches, and backyards. Stringent permitting rules already drive up the cost of rooftop solar in the U.S. But systems small enough for an apartment to generate some power from a balcony have largely been barred in key markets. Utah became the first state to vote unanimously last year to pass a law allowing residents to plug small solar systems straight into wall sockets, providing enough electricity to power a laptop or small refrigerator, according to The New York Times.