Green Lights Sept. 29: Top stories
Don't miss a single story from the best of Callaway Climate Insights.
Editor’s note: We’re taking a break this week. Callaway Climate Insights will be back next Monday, Oct. 6 with more of the latest in climate finance. Support us by subscribing today!
. . . . Welcome back to Green Lights. Here’s our roundup of the best of Callaway Climate Insights. Lots going on last week in New York: Climate Week, UN events and drones. David Callaway reports on the fate of fossil fuel incumbents and the collapse of the Net Zero Banking Alliance. Michael Molinski explains what’s powering nuclear interest in Latin America. Have a great week and please subscribe. We’ll be back next week.
. . . . One of the extra precautions security services took to protect world leaders at the United Nations General Assembly and Climate Week in New York last week was to ban all drones within several miles of airspace around the UN. Drones are changing the face of war and, as we are witnessing, they are also changing the face of global security, writes David Callaway — who knows something about drones.
. . . . “No one can charge a petrol car at home,” says Greg Jackson, CEO of UK renewables pioneer Octopus Energy. He was speaking last week in New York at The Independent’s Climate 100 event, which Callaway Climate Insights partnered with. “It’s not about Net Zero, it’s about price,” Jackson added.
. . . . The global craving for more power for data centers has moved Latin America to rejoin the race to build nuclear power plants, writes Michael Molinski. Brazil, Argentina and Mexico appear best poised to capitalize on the growing demand for nuclear power.
. . . . The collapse of the Net Zero Banking Alliance this year promises far-reaching implications for renewables, as global banks back off their climate commitments. But new research from Bloomberg BNEF makes us wonder whether the banks were ever really into the spirit of the alliance. It’s a lesson to climate investors that Wall Street will always go where the money is, and to make sure to watch what banks do, not what they say.
. . . . By 2100, unchecked climate change could slash global GDP per capita by up to 24%, say the authors of new research titled “Rising temperatures, melting incomes: Country-specific macroeconomic effects of climate scenarios,” published in the journal PLOS Climate. Moreover, hotter, lower-income countries are projected to face losses 30% to 60% above the global average.