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Sparks

A Hilariously Sad Chart of COP28 Climate Pledges

See if you can identify the biggest scrooge here.

A woman in Tuvalu.
Heatmap Illustration/Getty Images

Early on Thursday, the first day of the UN Climate Conference in Dubai, world leaders secured an agreement for a fund that will help vulnerable nations deal with the impacts of climate change. My colleague Charu has written about the fund in more detail, but I was curious about one thing: How do these pledges compare to each country’s GDP? The answer is hilariously stark — I originally tried making a chart of these pledges as a fraction of GDP, but they simply didn’t show up on the axes.

Chart of pledges vs GDP.

For a point of comparison, the United States has so far sent $75 billion worth of aid to Ukraine since the war began, while the Loss and Damage Fund will be doled among the various countries who ask the UN for assistance. Still, it’s a start, and hopefully these contributions will grow over time.

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Sparks

Trump’s USDA Using Farmland Rule to Go After Energy Companies, Democrats Say

A proposed change in how the agency implements an obscure Cold War-era law would impose onerous reporting requirements on renewables and pipelines.

Wind turbines and a farm.
Heatmap Illustration/Getty Images

Democrats in Congress claim that a new Trump administration proposal will have a chilling effect on the energy sector by subjecting renewables and fossil fuel pipelines alike to an obscure, rarely cited Cold War-era law requiring detailed information on foreign farmland ownership be submitted to the Agriculture Department.

In late June, the Agriculture Department released a proposal to change implementation of the Agricultural Foreign Investment Disclosure Act of 1978, which requires companies to provide information to the federal government on foreign investors in farmland holdings, acquisitions, and sales. If finalized, the new rule would expand the definition of “agricultural land” in regulation to include all renewable energy facilities and pipeline corridors by explicitly tying the term to those industries’ formal codes under the North American Industry Classification System.

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Sparks

Electricity Bills Were Higher Than Ever in July

Americans paid $217 on average for electricity last month, according to Heatmap and MIT’s Electricity Price Hub.

A plug graph.
Heatmap Illustration/Getty Images

July is typically the season of high electricity bills, and this year is no exception.

Nationally, the average electricity bill spiked to $217, an all-time high, according to new data from Heatmap and MIT’s Electricity Price Hub. That’s up from $177 in June, and $215 last July. Meanwhile, electricity rates were 19 cents per kilowatt-hour, virtually unchanged from June and slightly higher than July of last year.

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Sparks

Scoop: Clearway Cancels Plan to Swap Solar Farm for Data Center and Gas Plant

The energy developer is backing off after a Heatmap report.

Solar panels and a gas plant.
Heatmap Illustration/Getty Images

Clearway says it is backing off its plans to build a data center and gas power plant on federal land, days after Heatmap revealed the energy developer’s proposal.

Last week, I reported that Clearway asked the Trump administration’s Bureau of Land Management to swap a five year-old application for a solar farm’s permits with “a proposed data center and natural gas facility.” Clearway’s chief development officer John Woody had written in a letter to BLM dated April 3 that the swap was “the result of a shift in our internal development priorities” and intended “to better align with the goals of our Administration.” He also noted the plans were in “exploratory early stages.”

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