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Demonstrators display signs and a banner during a “No Climate, No Deal” march on the White House, in Washington, DC, June 28, 2021.
Evelyn Hockstein | Reuters

After a summer of astonishing climate extremes, a landmark scientific report on climate change provides another stark warning. 

It states we have less than a decade to stabilize the Earth’s climate and that this will require big and immediate cuts in carbon emissions. And given the planet is already 1.1 degrees Celsius warmer than pre-industrial times, the need to adapt to higher temperatures could not be clearer.

This window for action is getting narrower by the day, but it is still open. We are being given one final opportunity to stave off catastrophic climate change, and we must seize it.

The report, by the world’s foremost climate scientists at the Intergovernmental Panel on Climate Change, calls for “immediate, rapid, and large-scale reductions” in emissions. If we stop pumping heat-trapping gases into the atmosphere altogether, scientists believe we may be able to contain warming to 1.5 degrees Celsius. If we fail, the consequences for our planet will be dire.

Climate change is a long-term, systemic threat that requires immediate and adequate action that must be sustained over decades. What is required is nothing less than the total transformation of our economic and social systems, from where we source our energy to how we transport goods and people, where we live and work, and what we buy.

Reaching net-zero carbon emissions requires vast amounts of funding. The International Monetary Fund estimates that 6-10% of global GDP — somewhere in the region of an additional $6 trillion to $10 trillion — needs to be invested in the next decade to green our economies.

These are huge sums, but they should not be viewed as a sunk cost — like the expense of cleaning up after flooding, wildfires, and other ravages of extreme weather. Greening our economies is above all an economic opportunity that will create jobs, drive innovation, and boost economic growth.

The coronavirus pandemic proved that vast resources can be marshalled quickly when governments are faced with an existential threat.

In addition to ramping up investment, we need three things to address our climate crisis quickly and at scale.

First, we need a global price on carbon, beginning with a price floor agreement among major emitters that also distinguishes according to countries’ income levels. This could take the shape of taxes, trading schemes, or measures that achieve the same outcome, such as combinations of feebates or regulations at the sectoral levels. Either way, the goal should be to price fuel appropriately and incentivize the switch to cleaner alternatives. Without an appropriate price on carbon, we will not get to net-zero emissions before it is too late.

Second, we need to set aside funds to help millions of people across the world adapt to climate change, especially in developing countries that may not have the resources for the large investments needed. Coastal cities, riverside towns and small island states are vulnerable to storm surges and rising sea levels. Farming communities everywhere need to improve their water efficiency and switch to drought-resistant crops. Because even if we were able to halt all planet-warming emissions tomorrow, scientists warn we will be living in an era of climate extremes for centuries.

Third, the cost of transforming economies to be greener and more resilient must be shared. The transition must be just, both across and within countries. Climate change affects everyone, but it affects the poorest and those who have contributed the least to global warming the most. So far, the sums raised for climate action have fallen far short of the $100 billion a year agreed by the world’s leaders more than 10 years ago. We must now find a way to magnify the impact of climate funding, and transform the billions currently being invested in climate solutions into trillions.

Investing in climate resilience would be a good start. GCA research shows that investing $1.8 trillion globally until 2030 in five climate-adaptation areas — early warning systems, climate-resilient infrastructure, improved dryland agriculture, mangrove protection, and increasing water resilience — could result in $7.1 trillion in net benefits. Adapting now is in everyone’s strong economic self-interest. Beyond preventing dramatic human and economic losses, adaptation policies can pave the way for high-return investments that would not otherwise be viable due to climate risk.

The IMF is doing its part. Its largest allocation of Special Drawing Rights in its history — equivalent to $650 billion  — is now effective and provided a welcome boost to member countries. Options are now being explored to channel SDRs from wealthier to poorer and more vulnerable member countries to support their pandemic recovery and achieve resilient and sustainable growth. A new Resilience and Sustainability Trust is being considered for this purpose.

The world is not short of money or ideas needed to fight climate change. What we need now is for the international community to seize this historic opportunity and act together to create a greener, more equitable and prosperous world for us all.

Kristalina Georgieva is managing director of the International Monetary Fund. Patrick Verkooijen is CEO of the Global Center on Adaptation.

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Wisconsin’s first 3 NEVI-funded EV fast charging stations are open

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Wisconsin's first 3 NEVI-funded EV fast charging stations are open

Wisconsin’s first three EV fast charging stations using funding from the National Electric Vehicle Infrastructure (NEVI) Formula program are now online.

The EV fast charging stations are in Ashland, Chippewa Falls, and Menominee, in western Wisconsin, which are rural areas that see a lot of visitors due to tourism and their location along key highway corridors.

As is required by the NEVI program, all three charging stations contain four ports with both CCS and J3400 connectors, and each station can deliver up to 150 kW per port.

NEVI-funded charging stations must also have 24-hour public accessibility and provide amenities like restrooms, food and beverages, and shelter, and must be sited within one travel mile of the Alternative Fuel Corridor.

The stations are located at local Kwik Trips, a Wisconsin-based gas station that serves 12 million customers weekly at more than 880 locations across six states, making the charging experience easy to find and increasing consumer trust.

“It’s great to see more states expanding the NEVI network and filling in coverage gaps for drivers and riders,” said Gabe Klein, executive director of the Joint Office of Energy and Transportation. “EV charging often happens in communities. Whether it’s parents visiting their kids at college, families staying at their cabins, or people road-tripping on Interstate 94 for the holidays – expanding the network gives consumers accessible options to charge their vehicles.”

The stations are part of Kwik Trip’s Kwik Charge program, which will provide DC fast chargers to guests traveling throughout the Midwest. Kwik Trip has received $8.1 million in NEVI funds in Wisconsin to install chargers at 24 of its locations. The company is building an app using Driivz’s software so EV drivers can find Kwik Charge chargers and check charger availability and pricing.

Read more: Kwik Trip is installing DC fast chargers across the Midwest


If you live in an area that has frequent natural disaster events, and are interested in making your home more resilient to power outages, consider going solar and adding a battery storage system. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. They have hundreds of pre-vetted solar installers competing for your business, ensuring you get high quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use and you won’t get sales calls until you select an installer and share your phone number with them.

Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisers to help you every step of the way. Get started here. –trusted affiliate link*

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The California grid ran on 100% renewables with no blackouts or cost rises for a record 98 days

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The California grid ran on 100% renewables with no blackouts or cost rises for a record 98 days

A new study published in the journal Renewable Energy uses data from the state of California to demonstrate that no blackouts occurred when wind-water-solar electricity supply exceeded 100% of demand on the state’s main grid for a record 98 of 116 days from late winter to early summer 2024 for an average (maximum) of 4.84 (10.1) hours per day.

Compared to the same period in 2023, solar output in California is up 31%, wind power is up 8%, and batteries are up a staggering 105%. Batteries supplied up to 12% of nighttime demand by storing and redistributing excess solar energy.

And here’s the kicker: California’s high electricity prices aren’t because of wind, water, and solar energy. (That issue is primarily caused by utilities recovering the cost of wildfire mitigation, transmission and distribution investments, and net energy metering.)

In fact, researchers from Stanford, Lawrence Berkeley National Laboratory, and the University of California, Berkeley found that states with higher shares of renewable energy tend to see lower electricity prices. The takeaway – and the data backs it up – is that a large grid dominated by wind, water, and solar is not only feasible, it’s also reliable.

The researchers concluded:

Despite the rapid growth and high penetration of [wind-water-solar] WWS, the spot price of electricity during the period dropped by more than 50% compared with the same period in the previous year, and no blackouts occurred, giving confidence that the addition of more solar, wind, and batteries should not be a cause for concern.

Mark Z. Jacobson, co-author of the paper and professor of civil and environmental engineering and director of the atmosphere/energy program at Stanford University, explained in an email to Electrek:

This paper shows that the main grid in the world’s fifth-largest economy was able to provide more than 100% of the electricity that it used from only four clean renewable sources: solar, wind, hydroelectric, and geothermal, for anywhere from five minutes to over 10 hours per day for 98 out of 116 days during late winter, all of spring, and early summer, as well as for 132 days during the entire year of 2024, without its grid failing.

The growth of solar, wind, and battery storage, in particular, resulted in fossil gas use dropping 40% during the 116-day period and 25% during the entire year. In comparison with 2023, solar, wind, and battery capacities increased significantly, with batteries doubling in capacity.

The paper also shows that high electricity prices in California have nothing to do with renewables; in fact, without renewables, prices would have been higher.

In fact, 10 of the 11 US states with higher fractions of their demand powered by renewables have among the lowest US electricity prices.

Instead, in California, the spot price of electricity dropped by over 50% during the period of interest between 2023 and 2024, indicating it was easier to match demand with supply with the increase in renewables and batteries in 2024.

Read more: New CA smart grid law will help solar and fix the grid by… simply replacing wires


To limit power outages and make your home more resilient, consider going solar with a battery storage system. In order to find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. They have hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use and you won’t get sales calls until you select an installer and you share your phone number with them.

Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisers to help you every step of the way. Get started here. –trusted affiliate link*

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Watch the Porsche Taycan Turbo GT smoke a Ferrari SF90 and Yamaha R1M in a drag race

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Watch the Porsche Taycan Turbo GT smoke a Ferrari SF90 and Yamaha R1M in a drag race

Is Porsche’s new Taycan faster than a Ferrari SF90 or Yamaha R1M? In an epic new drag race, the Porsche Taycan Turbo GT flexed its power, leaving the Ferrari and Yamaha bike in the dust. Watch the video below.

Porsche Taycan Turbo GT races a Ferrari and Yamaha

Porsche unveiled the Turbo GT model after introducing the upgraded Taycan in February. The new Porsche Taycan has significant improvements, including more range and performance.

The Taycan Turbo GT is Porsche’s fastest production car yet. With up to 1,092 hp, the electric sports car, equipped with its Wiessach Package, can hit 0 to 60 mph in just 2.1 seconds.

Porsche’s GT model took the title from the Tesla Model S Plaid as the fastest electric series production car at the Weathertech Raceway Laguna Seca in California earlier this year. With a lap time of 1:27:87, Porsche topped the previous record of 1:30:30 set by the Tesla Model S Plaid in 2020.

Is the Porsche Taycan Turbo GT fast enough to beat a Ferrari SF90 and Yamaha R1M? The folks at Carwow put them up against one another in a drag race to see.

Porsche Taycan Turbo GT vs Ferrari SF90 vs Yamaha R1M drag race (Source: Carwow)

The Taycan goes up against the SF90 with 769 hp from a 4.0 liter twin-turbo V8 combined with three electric motors. Meanwhile, the Yamaha RM1 is powered by a 1 liter 4 stroke engine, which is good for 200 hp.

You can see that Porsche had no problem handling the Ferrari and Yamaha in the first race. Even with the Ferrari jumping the line in the next race, the Taycan proves its might, beating both to the line. After a few more attempts, the Porsche remained undefeated.

Porsche-Taycan-Turbo-GT-Ferrari
Porsche Taycan Turbo GT with Weissach Package (Source: Porsche AG)

The Taycan Turbo GT completed a quarter-mile in 9.9 seconds, compared to the Ferrari SF90’s 10.0 seconds and the Yamaha RM1’s 10.3 seconds.

With all that power, Porsche’s Taycan Turbo GT, with the Weissach package, comes with a hefty price tag, starting at $230,000. The base 2025 Porsche Taycan starts at $99,400, while the more expensive Turbo and Turbo S trims start at $173,600 and $209,000, respectively.

After finally getting its hands on one, the GT model already took down one of the kings of Carwow’s drag strip. Which vehicle will it take down next?

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