Green Lights July 19: Top stories this week
Don't miss a single story of the best from Callaway Climate Insights.
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. . . . Welcome back to Green Lights. Here’s our weekly roundup of the best of Callaway Climate Insights. David Callaway looks at J.D. Vance’s climate record, and says climate change’s latest attacks on New York and Houston transcend election politics. Mark Hulbert finds a silver lining in the fact that the average sustainable fund this year is lagging the average fossil fuel fund. We hope you’re enjoying some summer fun. Please wear sunscreen and subscribe to Callaway Climate Insights.
. . . . The sudden excitement over J.D. Vance’s climate record might be misplaced. Investors are much more interested in when interest rates will start falling than who will be vice president, says David Callaway. Markets are the most reliable gauge. The rest is just a show.
. . . . There’s a silver lining in the fact that the average sustainable fund this year is lagging the average fossil fuel fund, writes Mark Hulbert. The lower cost of capital suggests more money is and will be available for green energy products.
. . . . New York City’s hardened commuters absorbed a second punch from climate change in a year this week when the extreme heat wave hitting the East Coast briefly shut down transit lines to New Jersey during the evening trip home, writes David Callaway. Like those living in Houston, Las Vegas, Miami and many other cities this summer, they are experiencing a new climate reality that is breaking things and — in the cases of power outages — threatening lives. That new reality far outweighs the political mudslinging tied to climate culture wars we’re seeing in the presidential election. Despite the jargon, whoever wins the White House is going to have a national climate emergency on their hands.
. . . . The stunning rally in small-cap stocks in the past week as larger tech giants fell has many investors scratching their heads, but it’s important for beleaguered cleantech and renewable energy stocks. Smaller stocks, which have suffered in the latest cycle of higher interest rates, have been overdue to catch up for some time.
. . . . Fusion remains one of the moonshot technologies scientists hope will yield an unlimited new form of clean energy. Even with a major breakthrough, manufacturing and development could take a couple of decades at least. Perhaps another sign of peak bull market exuberance, but we remain optimistic.
. . . . Wyoming is the state with the highest energy costs in 2024. The state has the highest gas consumption per capita and the highest residential oil consumption per capita. New Mexico is the state with the lowest energy costs. Where do energy bills in your state rank?
More greenery . . . .
It’s not just your imagination: Climate change is making days a little longer (USA Today)
Industry knew: Puerto Rico Sues Oil Companies for $1 Billion in Climate Damages (Scientific American)
Defunding, dismantling: How a Republican election sweep could transform U.S. climate policy (Washington Post)
Trapped: The impact of climate change on whales (International Fund for Animal Welfare)
Saved from extinction: Rare wild horses back on Kazakhstan’s Golden Steppe (Euronews)