China
Incomparable on climate action: operates half of world’s offshore wind; installs more renewables than US, EU and India put together; builds more panels, has more electric rail, more EVs, plants more trees than the rest of the world combined.
The EU carbon border tax
This is an even bigger deal than the EU deforestation regulation and a world first. It should accelerate renewable energy adoption in all major exporting countries such as Japan and South Korea
The EU’s Regulation on deforestation-free products (EUDR)
The EUDR came into force on 29 June and is a very big deal: It’s the correct top-down solution to deforestation and should have a major impact worldwide
Cars
Sales of passenger EVs on pace to hit a record 14m this year, up 36% from 2022 and total domination of EVs is now unstoppable, threatening 50% of oil demand
ASEAN’s $200bn green corridors
$200bn of green corridors connecting multiple countries in South East Asia including Singapore, Indonesia, Malaysia, Cambodia, Laos and Vietnam will increasingly power ASEAN’s grid with green electrons
UN High Seas Treaty to protect the oceans signed
After 15 years to time-wasting, a global agreement was signed to provide common governance of 95% of the ocean’s volume to tackle environmental degradation, fight climate change, and prevent biodiversity loss in the high seas
Climate lawsuits galore
2,500 climate lawsuits are seeking to hold governments and corporate polluters to account – up 3 times in 5 years
Investments in green infrastructure finally beating investments in fossil fuels – and extending their lead
In 2023, for every dollar invested in fossil fuels, about $2 went into green infra. Just one year ago, this ratio was one-to-one.
Natural gas bans in buildings
Why: buildings account for 39% of global energy related carbon emissions and we’ve begun to see serious movement in this sector in the US, Canada, Germany, the UK and elsewhere
