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Greta Thunberg: 2023 Nobel Peace Prize Winner?

If there was ever a time for a climate activist to win, it’s now.

Greta Thunberg.
Heatmap Illustration/Getty Images

It’s Nobel Prize week, which means it is once again time to make a complete fool of yourself by trying to read the minds of the inscrutable Swedish Academy. On Monday, Katalin Karikó and Drew Weissman won the first of the week’s prize, for physiology or medicine, for their work on the mRNA vaccines that helped curb the COVID-19 pandemic. Which, good for them, but also the Academy spent two years trolling everyone by awarding the researchers who discovered temperature and touch receptors (2021) and the sequencer of the Neanderthal genome (2022) in the immediate aftermath of the biggest health crisis of our lifetimes. In the medicine category.

So that’s about the level of chaos and unpredictability you can expect from the Nobels, which on Friday will announce the most prestigious and closely watched award of them all: the Peace Prize. Bookmakers currently have Ukrainian President Volodymyr Zelenskyy as the favorite, although such a pick would be controversial since he is “a war leader,” even if it’s a defensive one, Reuters explains.

I think there is a simpler reason to discount Zelenskyy (and, by that token, jailed Russian opposition leader Alexei Navalny, another bookie favorite) from the running: The Nobel committee already checked the “Ukraine war” box by giving the Peace Prize to human rights activists in Ukraine, Russia, and Belarus last year. Though the Academy potentially could do so again — I cannot emphasize this enough, never discount Nobel chaos — it seems much more likely to me that we could have a climate-related winner this year.

The Swedish Academy has nodded to the climate crisis before, but it’s been a while: The 2007 Peace Prize was jointly awarded to the Intergovernmental Panel on Climate Change (IPCC) and former Vice President Al Gore. In the years since, there have been no climate-adjacent winners, but 2023 seems a natural time to acknowledge the work of activists. It was Earth’s hottest summer on record, and possibly in 120,000 years. There have been a number of major climate protests, actions, and marches around the world. In the U.S. alone, it has been the worst year on record for billion-dollar weather and climate disasters. Canada is experiencing its worst fire season ever, and the EU had its largest wildfire ever. Thousands died in Libya’s floods. And the list goes on.

We also know that both Greta Thunberg and Ugandan climate activist Vanessa Nakate are among the 212 individuals and 93 organizations that were submitted as 2023 candidates (Thunberg in particular has been nominated four times, including last year). Jani Silva, an Indigenous rights and environmental activist working in the Amazon, is also a known nominee and could be a clever way for the Academy to give props to the climate cause while not cutting too close to its 2007 message.

One thing’s for sure: It definitely won’t go to the ruckus-causing Extinction Rebellion or Last Generation, which have been behind some of the year’s most high-profile protests.

... Right?

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Sparks

The Mad Dash to Lock Down Biden’s Final Climate Dollars

Companies are racing to finish the paperwork on their Department of Energy loans.

A clock and money.
Heatmap Illustration/Getty Images

Of the over $13 billion in loans and loan guarantees that the Energy Department’s Loan Programs Office has made under Biden, nearly a third of that funding has been doled out in the month since the presidential election. And of the $41 billion in conditional commitments — agreements to provide a loan once the borrower satisfies certain preconditions — that proportion rises to nearly half. That includes some of the largest funding announcements in the office’s history: more than $7.5 billion to StarPlus Energy for battery manufacturing, $4.9 billion to Grain Belt Express for a transmission project, and nearly $6.6 billion to the electric vehicle company Rivian to support its new manufacturing facility in Georgia.

The acceleration represents a clear push by the outgoing Biden administration to get money out the door before President-elect Donald Trump, who has threatened to hollow out much of the Department of Energy, takes office. Still, there’s a good chance these recent conditional commitments won’t become final before the new administration takes office, as that process involves checking a series of nontrivial boxes that include performing due diligence, addressing or mitigating various project risks, and negotiating financing terms. And if the deals aren’t finalized before Trump takes office, they’re at risk of being paused or cancelled altogether, something the DOE considers unwise, to put it lightly.

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The expanded investment tax credit rules are out.

The Treasury Department building.
Heatmap Illustration/Getty Images

In the waning days of the Biden administration, the Treasury Department is dotting the i’s and crossing the t’s on the tax rules that form the heart of the Inflation Reduction Act and its climate strategy. Today, Treasury has released final rules for the Section 48 Investment Tax Credit, which gives project owners (and/or their tax equity partners) 30% back on their investments in clean energy production.

The IRA-amended investment tax credit, plus its sibling production tax credit, are updates and expansion on tax policies that have been in place for decades supporting largely the solar and wind industries. To be clear, today’s announcement does not contain the final rules for the so-called “technology-neutral” clean electricity tax credits established under the IRA, which will supercede the existing investment and production tax credits beginning next year and for which all non-carbon emitting sources of energy can qualify.

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Trump’s OMB Pick Wants to Purge the Government of ‘Climate Fanaticism’

Re-meet the once and future director of the Office of Management and Budget, Russell Vought.

Russ Vought.
Heatmap Illustration/Getty Images, Library of Congress

President-elect Donald Trump spent the Friday evening before Thanksgiving filling out nearly the rest of his Cabinet. He plans for his Treasury secretary to be a hedge fund manager who’s called the Inflation Reduction Act “the Doomsday machine for the deficit”; he’s named a vaccine safety skeptic to lead the Centers for Disease Control and Prevention; and his pick to head the Department of Labor is a Republican congresswoman who may want to ease the enforcement of child labor rules if confirmed.

And — in one of the most consequential moves yet for America’s standing in the fight to mitigate climate change — Trump also named Russ Vought to lead the Office of Management and Budget. The decision comes as no surprise — Vought served as deputy director of the OMB under Trump in 2018 and took over the top job in 2019, serving until the end of Trump’s first presidency. The strategic communications group Climate Power had been sounding the alarm on his potential return to the office since this spring, which included sharing their research on him with me.

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