Green Lights Oct. 25: Top stories this week
Don't miss a single story from the best of Callaway Climate Insights.
. . . . Welcome back to Green Lights. Here’s our weekly roundup of the best of Callaway Climate Insights. David Callaway looks at what investors are likely to do if Kamala Harris wins, and Michael Molinski tallies Latin America’s solar energy growth. Have a great weekend, and please support our great climate finance journalism by subscribing.
. . . . If Vice President Kamala Harris wins Nov. 5, it’s unlikely we’ll see a major short-term rally, David Callaway writes. With markets already at record highs, it’s more likely investors will initially consolidate gains as they fret about Democratic spending and inflation, a potential split Congress and, of course, the inevitable Trump challenge to the results.
. . . . After two years of poor EV sales across the industry, enthusiasm seems to be revving up again, writes David Callaway. If anything, the renewed interest for EVs sets up the fourth quarter and next year to be decisive periods for long-suffering Tesla investors.
. . . . Sherri Goodman, author of “Threat Multiplier: Climate, Military Leadership, and the Fight for Global Security,” details how the military incorporates into its planning drought in the Middle East and East Africa, rising seas in the Asia Pacific, a budding minerals monopoly in China, new geopolitical challenges in the melting Arctic region, and especially climate disasters in the U.S. “The most bipartisan climate action has always been on the annual defense bill,” Goodman said. That’s something to remember no matter who wins the election next month.
. . . . As Brazil prepares to host next year’s milestone COP30 UN climate summit in Belém, the country and those around it are quickly and quietly becoming bigger players on the global solar scene. Michael Molinski looks at the opportunities, and growing pains, in a region not known for speedy transitions.
. . . . Wind capacity globally has more than doubled in the past five years, but solar has tripled. Several large wind companies have struggled with wind projects and supply chain issues, and GE Vernova appears to be no different. While investors largely gave GEV a pass on its Q3 earnings miss this time, they will be watching more closely ahead of Q4 earnings.
. . . . The Northwest Passage was once thought to be impossible to cross. But it has become increasingly navigable due to a rapid decline in Arctic summer sea ice driven by the heating waters and rising temperatures associated with climate change. And the effects of climate change are now being documented in even the most remote wilderness regions of Earth.
More greenery . . . .
Grim headlines: UN warns the world could warm by up to 3.1°C (BBC)
A paradox trap: Climate change reshapes cities, environmentally and financially (The Hill)
Ultimate power?: Fusion energy could play a major role in the global response to climate change (MIT News)
Igniting debate: California plan would cut greenhouse gases, but could raise gas prices (CalMatters)
Slow-motion disaster: Extreme heat and drought are destroying buildings before our eyes (Bloomberg)
Snakes on your plane?: As climate changes across the Western U.S., 130 lizard and snake species may be moving north (USGS.gov)