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LONDON — World leaders are under huge pressure to outline how they plan to reduce emissions and mitigate climate change at one of the most important diplomatic summits in history.

The major climate event, known as COP26, will take place in Glasgow, Scotland from Sunday through to Nov. 12. It was initially scheduled to be held last year but was delayed due to the coronavirus pandemic.

Diplomats and world leaders have sought to downplay expectations of success in the run-up to the summit, although a position paper of more than 100 developing countries representing more than half of the world has insisted there can be “no more excuses for unfulfilled promises.”

To have any chance of capping global heating to 1.5 degrees Celsius above pre-industrial levels, the aspirational goal of the 2015 Paris Agreement, the world needs to almost halve greenhouse gas emissions in the next 8 years and reach net-zero emissions by 2050.

Climate scientists have repeatedly stressed that the best weapon to tackle rising global temperatures is to cut greenhouse gas emissions — fast.

Johan Rockstrom, director of the Potsdam Institute for Climate Impact Research and one of the world’s most influential Earth scientists, told CNBC that he believes the success of COP26 will come down to negotiations on five make-or-break issues.

These are mitigation, climate finance, carbon pricing, nature solutions and the phasing out of fossil fuels.

Mitigation

“We must, at a minimum, have 195 countries aligning with science in their plans — not even delivering, but just in their plans — and that requires net zero targets by 2050 at the latest,” Rockstrom said.

“We only have a small number of countries that have done that so far,” he added, noting that countries such as Indonesia, Russia and Brazil were all yet to publicly declare net-zero targets by the middle of the century.

A U.N. report published earlier this week found new and updated Nationally Determined Contributions put the world on track for a dangerous global temperature rise of at least 2.7 degrees Celsius by the end of the century — even if plans were fully met.

NDCs are the efforts of each country to reduce national emissions. At present, the U.N. says updated NDCs would only lead to an additional 7.5% reduction in annual greenhouse gas emissions compared to previous commitments.

Climate activists “set fire” to George Square, Glasgow, with an art installation of faux flames, smoke, and banners, and giant fire extinguishers, creating a field of climate fire to welcome world leaders to Glasgow for the Cop26 conference.
Andrew Milligan | PA Images | Getty Images

Farhana Yamin, a climate lawyer and advisor to the Climate Vulnerable Forum, told CNBC via telephone that COP26 must trigger a profound “justice reset” if it is to be considered a successful summit. “Success can only come from grasping hard truths, speaking honestly and recognizing the situation of vulnerable countries.”

It is not good enough, she added, for those at COP26 to continue talking about their optimism for the future when countries are nowhere close to meeting the demands of the climate emergency.

“Beating the drum and calling it optimism isn’t cutting the mustard with anybody. Optimism isn’t solving the lives of developing countries or vulnerable groups right now who are facing the consequences of failure,” Yamin said.

“It’s like a further insult. What is optimism for a country that is now facing complete devastation?”

Finance

High-income countries promised in 2009 to deliver $100 billion a year for five years from 2020 to help low-income countries pivot away from fossil fuels and protect against climate breakdown. This Paris Agreement target has still not been fulfilled and is not expected to be met until at least 2023.

“In all honesty, this is really just small money,” Rockstrom said, noting the trillions of dollars in bailouts spent by global governments in an effort to recover from the coronavirus pandemic.

“We are talking about the trillions that are needed to have a full 100% transition of investments from fossil-fuel-based infrastructure to renewable infrastructure so that we can really see decisive change and direction. There must be a finance discussion.”

Stop pretending loss and damage isn’t happening and find a way to fund it.
Farhana Yamin
Climate lawyer

Climate finance is widely regarded as a critically important issue, particularly when it comes to repairing global trust.

“Success would be for countries to stop playing games with the issue of loss and damage and actually fund it,” Yamin said. “Stop pretending loss and damage isn’t happening and find a way to fund it.”

Carbon pricing

To its proponents, carbon pricing is seen as an important way to incentivize emissions reductions and help low-carbon technologies compete with established, heavily polluting alternatives.

To its critics, however, Article 6 of the Paris Agreement risks undermining the ambition of the accord at a time when there is overwhelming evidence of the need to go further and faster to avoid climate tipping points. This is because some fear carbon trading arrangements could allow countries to hit already-weak targets without cutting additional emissions.

“The third part which, whether we like it or not, has to be on the table is a price on carbon. That has to be discussed globally,” Rockstrom said.

Electricity pylons are seen in front of the cooling towers of the coal-fired power station of German energy giant RWE in Weisweiler, western Germany, on January 26, 2021.
Ina Fassbender | AFP | Getty Images

He argued that COP26 represented a “completely new situation” when it came to carbon pricing because, for the first time, Europe’s Emissions Trading System was “starting to bite” polluting industries.

The EU’s benchmark carbon price was last seen trading at around 60 euros per metric ton, having stood at around 20 euros before the coronavirus pandemic. The price rise has resulted in some coal-fired power plants being shut down, Rockstrom said. “I think we will start seeing carbon pricing spreading and so that has to be on the table at a global level,” he added.

Nature

“The fourth part and perhaps the most important one for Glasgow is to make this the first COP meeting that is really a nature COP,” Rockstrom said. “It has to be the climate negotiating moment where we recognize that the only way to land the Paris Agreement, I mean the only way, is to secure the carbon sinks in nature — on land and in oceans. There is no carbon budget remaining unless we secure those sinks.”

Carbon sinks are natural areas, such as oceans and forests, that absorb more carbon than they emit.

Rockstrom suggested pricing carbon in biomass, in soils and in all ecosystems should be taken into account in the coming weeks.

The U.K. COP26 presidency has recognized the twin threats of climate change and biodiversity loss cannot be solved without addressing the other. Sustainable agriculture and land use and action on restoring forests and other critical ecosystems are set to be discussed in Scotland.

In an article published online for London-based think tank Chatham House earlier this month, Yamin suggested that considering the rights of nature through legal tools such as ecocide, for example, and the taking the interests of future generations should be on the table in Glasgow.

Another area to be considered, Yamin said, would be for COP26 to consider creating a post for a “High-Level Champion” to speak up for the incorporation of justice, equality, diversity and inclusion issues. She argued a COP-appointed position such as this could help to challenge greenwashing.

Phasing out fossil fuels

Burning fossil fuels, such as coal, oil and gas, is the chief driver of the climate emergency.

At COP26, Costa Rica and Denmark are expected to formally launch the Beyond Oil and Gas Alliance, the world’s first diplomatic alliance to manage the decline of oil and gas production.

It is coal, however, that is the most carbon-intensive fossil fuel in terms of emissions and therefore the most important target for replacement in the pivot to renewable alternatives.

A global energy supply crunch this year has coincided with a resurgence of coal production, raising serious questions about the so-called “energy transition.”

A freight train transports coal from the Gunnedah Coal Handling and Prepararation Plant, operated by Whitehaven Coal Ltd., in Gunnedah, New South Wales, Australia, on Tuesday, Oct. 13, 2020.
David Gray | Bloomberg | Getty Images

“We have to have a serious discussion on end-dates on fossil fuels use. An end date on coal and an end date on the internal combustion engine,” Rockstrom said.

“We’ve never had that moment arising in such a concrete way before. How do we create a way for the big emerging economies to seriously take on the challenge of phasing out coal in a way that allows a soft social landing? It is tremendously challenging but an absolute necessity.”

Research published in the scientific journal Nature on Sept. 9 found the vast majority of the world’s known fossil fuel reserves must be kept in the ground to have some hope of preventing the worst effects of climate change.

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Kia opens EV4 orders in Korea with +330 miles range and it starts at under $30,000

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Kia opens EV4 orders in Korea with +330 miles range and it starts at under ,000

Kia’s first electric sedan, the EV4, has officially hit the market. Kia opened EV4 orders at under $30,000 (41.92 million won) in South Korea ahead of its global rollout. It even has the longest driving range of any Hyundai Motor Group EV rated with over 330 miles (533 km).

Kia EV4 orders open in Korea for under $30,000

Since debuting as a concept in October 2023, Kia’s EV4 has become one of the most highly anticipated electric vehicles.

Last month, we got our first look at the production model during Kia’s 2024 EV Day (check out our recap of the event). Kia showcased four EV4 models, two sedans and two hatchbacks.

The EV4 is part of Kia’s new “EVs for all” strategy with prices ranging from around $30,000 to upwards of $80,000. After launching the EV5 and EV3, both electric SUVs, Kia aims to corner another segment with the EV4.

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Kia opened EV4 orders in Korea on Monday, starting at just 41.92 million won, or around USD $29,000. With incentives, Kia expects the actual purchase price to be around 34 million won, or roughly $23,500.

Kia-EV4-orders-Korea
Kia EV4 sedan (Source: Hyundai Motor)

Powered by a 58.3 kWh battery, the standard “Air” model is rated with up to 237 miles (382 km) driving range. The long-range EV4, starting at 46.29 million won ($31,800), gets up to 331 miles (533 km) range from an 81.4 kWh battery, the most of among Hyundai Motor Group EVs.

As Kia’s most aerodynamic vehicle yet, the EV4 has ultra low drag coefficient of just 0.23, which unlocks maximum driving range.

Trim Starting Price
Kia EV4 Standard Air 41.92 million won ($28,900)
Kia EV4 Standard Earth 46.69 million won ($32,000)
Kia EV4 Standard GT-Line 47.83 million won ($32,900)
Kia EV4 Long Range Air 46.29 million won ($31,800)
Kia EV4 Long Range Earth 51.04 million won ($35,000)
Kia EV4 Long Range GT-Line 51.04 million won ($35,900)

With a 350 kW charger, the long range EV4 can charge from 10% to 80% in around 31 minutes, while it will take about 29 with the standard model.

The EV4 is Kia’s fourth EV to arrive in Korea, following the EV6, EV9, and EV3. As its first EV in the segment, Kia claims it will “set a new standard for electric sedans.”

Kia-EV4-orders-Korea
Kia EV4 sedan (Source: Hyundai Motor)

As you can see, the EV4 has a unique sports car-like silhouette with an added roof spoiler, which Kia says is “the new look of a sedan fit for the era of electrification.”

Inside, the electric sedan is loaded with the latest software and connectivity. Kia’s new ccNC infotainment system, with dual 12.3″ driver display and navigation screens, sits at the center of an otherwise minimalistic setup.

Kia-EV4-orders-Korea
Kia EV4 sedan interior (Source: Hyundai Motor)

For the first time, it also includes a new “interior mode, “enabling you to easily change the seating and lights to maximize interior space.

Kia’s vice president and head of its domestic business, Won-Jeong Jeong, said the EV4 “will present a new direction in the domestic electric vehicle market, which has been formed around SUVs.”

Will it have the same “charm” in the US, Europe, and other markets? We will find out soon, with the EV4 rolling out globally this year. What do you think of Kia’s first electric sedan? Would you buy one for around $30,000?

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Segway’s new Ninebot Max G3 scooter brings more speed, more tech, and more everything

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Segway’s new Ninebot Max G3 scooter brings more speed, more tech, and more everything

If you’ve ever thought, “Man, I wish my scooter was faster, smoother, and had more underglow,” then Segway has been reading your mind. The company just opened pre-orders for its new Ninebot Max G3, the latest in its Max series, and it’s packing more features than ever before.

The scooter brand has long pitched Segway’s Max series as a go-to for riders who want a solid commuter scooter that doesn’t break the bank while still offering decent range and comfort. But now, Segway seems to have cranked things up to eleven—or at least up to 28 mph (45 km/h), which is a nice jump in speed compared to the previous Max G2’s 22 mph (35 km/h) top speed.

That extra speed comes courtesy of a 2,000-watt motor, giving the G3 a 0-15 mph (25 km/h) sprint of just 2.4 seconds. Not bad for a standing scooter.

And with 50 miles (80 km) of range, Segway claims its efficiency optimization, which they call SegRange, squeezes even more miles out of each charge. If you manage to drain the 597 Wh battery in a day, you can top up in just 3.5 hours (or 2.5 hours with an optional faster charger).

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Hitting those higher speeds means stability is more important than ever, and Segway seems to be addressing that with dual hydraulic suspension on both ends, plus what they’re calling the SegRide stability enhancement system.

Fancy marketing names are one thing, but what really matters is how well this setup absorbs bumps and keeps the scooter planted at higher speeds. If it delivers, it could make for one of the smoothest rides in the category.

Traction and braking also get an upgrade, with Segway Dynamic Traction Control helping riders maintain grip and dual-piston disc brakes front and rear ensuring you can actually stop when needed. Segway has even thrown in an anti-lock braking system for a more controlled stop – something usually only seen on scooters and motorcycles. Bosch and BluBrake have both brought ABS to e-bikes, but it is quite rare in the standing electric scooter world.

Segway has been adding more tech to its scooters each year, and the Max G3 is no exception. The new 2.4-inch TFT smart display offers turn-by-turn navigation, real-time ride stats, and even notifications for incoming calls.

It also comes with AirLock autonomous unlocking, which means you can use your phone to lock and unlock it without fumbling with a key. If you’re worried about losing it, it’s Apple Find My compatible, so you can track it down when someone inevitably “borrows” it without asking.

Lighting is another area where Segway went all out. The Max G3 features a 360-degree lighting system, including an automatic headlight that’s three times brighter, underglow lighting, and turn signals that sync with that underglow lighting. Because what’s the point of having a fast, high-tech scooter if it doesn’t glow like a Fast and Furious car while you ride?

The Segway Ninebot Max G3 seems ready to take a stab at competing in the premium commuter scooter space, with performance upgrades that should make it a blast to ride while keeping it safe and comfortable. At $899.99 for the pre-order price before it jumps to $1,399.99, it could be a steal for anyone looking to upgrade their ride without venturing into ultra-premium pricing.

If you’re ready to jump on one, pre-orders are open through March 24 with promotional pricing. Deliveries are expected to begin around the end of March.

What do you think? Should we try to get our hands on one for a test ride when they roll out? Let us know in the comments section below.

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The legend of the ‘Tesla killer’ finally came true, and it’s Elon Musk

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The legend of the 'Tesla killer' finally came true, and it's Elon Musk

The legend of the ‘Tesla killer’ is not a myth anymore. It came true, and it’s not an electric vehicle from a legacy automaker or a new EV startup; it’s Elon Musk, Tesla’s CEO.

In the early days of Tesla, the media loved to use the term ‘Tesla killer’ every time a legacy automaker launched a new EV.

At the time, we scolded them for using it, as they would apply it to electric vehicles that didn’t match Tesla’s performance, production volumes, or profitability.

Sure enough, none of them came even close to negatively affecting Tesla, let alone “killing” the company.

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But things are changing now. Tesla is not growing at an insane pace like it was for a decade. In fact, it’s not growing at all anymore. Tesla’s global sales declined annually for the first time in 2024, and it is starting even worse in 2025.

It is undisputable that the increased EV competition is having an impact, but there isn’t a single EV model that can be deemed a “Tesla killer”—even though we do see a couple of Chinese EVs as having quite an impact on Tesla.

Most Tesla fans, myself included, thought that while Tesla’s market shares would go down amid more EV competition, its sales would continue to grow as EV adoption takes over the industry. That’s exactly what happened for a few years, but the trend reversed in 2024, and it’s not because of EV adoption.

Global EV sales surged by 25% in 2024, while the sales of the biggest EV automaker, Tesla, declined by 1%.

There are many reasons to explain this situation, but there’s one main culprit: Elon Musk.

Musk has been completely delusional about Tesla achieving self-driving capability for years, which led him to neglect the rest of Tesla’s automotive business as he thought that by the end of every year for the last 6 years, Tesla would be able to flip a switch and make all its vehicles self-driving – automatically increasing their value and making them infinitely more competitive than other vehicles.

How did Musk neglect Tesla’s automotive business?

The clearest example is the fact that Tesla launched a single new vehicle in the last 5 years: the Cybertruck, which proved to be a total flop.

Tesla Cybertruck

The Cybertruck launched in 2023 at a much higher price and significantly shorter range than what was promised when unveiled in 2019. With a reservation backlog at over 1 million units, Musk said that he could see Tesla eventually selling 500,000 units a year and Tesla planned for an initial production capacity of 250,000 units a year.

Now, a year and a half into production, Tesla is having issues selling the Cybertruck at 10% of its planned production capacity installed at Gigafactory Texas.

Musk also canceled Tesla’s plan to build a “~$25,000 electric car”, which would have greatly fueled demand and allowed Tesla to grow its delivery volumes. The CEO didn’t believe that the vehicle program would make sense if Tesla solved autonomy. He said in October 2024:

“I think having a regular $25,000 model is pointless. It would be silly. It would be completely at odds with what we believe.”

What Musk, and by extension Tesla, believes is that the automaker is on the verge of solving self-driving, but he has thought that to be the case every year for the last 6 years.

There’s no evidence that it is now on the verge of happening, or at least, not on the hardware that Tesla has delivered so far.

It’s clear that this crucial mistake about the timeline of self-driving has led Musk to make many mistakes about how to manage Tesla in the last few years.

For example, Tesla’s decision to remove turn signals and gear shift stalks from vehicles started with Model S and Model X in 2021. The CEO saw them as superfluous in a self-driving world, which he thought was imminent. Now, Model S and Model X sales have crashed.

Tesla brought the same design to the Model 3 with the refresh last year. Seeing the mistake years later, Tesla decided to keep the turn signal stalk with the Model Y refresh this year, and the stalk is rumored to make a comeback on the Model 3.

Perhaps the biggest mistake Musk has made about self-driving is promising that “all Tesla vehicles built since 2016 have the hardware capable of self-driving” to a level that would enable a robotaxi service, which in SAE self-driving terms would mean level 4-5.

Musk himself has already admitted that Tesla has been wrong about that twice: the automaker had to upgrade Tesla owners having the “2.5 Autopilot computer” to the “3.0 self-driving computer”, which Musk recently admitted will also not be able to get Tesla to self-driving capabilities.

Tesla Full Self-driving computer

He said that Tesla would “painfully” replace the computers in all vehicles of owners who purchased the “Full Self-Driving” (FSD) software package. However, we noted that Tesla is likely in more trouble than that since it promised that “all Tesla vehicles built since 2016 have the hardware capable of self-driving” – not just those whose owners bought the FDS package. Considering this greatly affects the resale value of those vehicles, you can make the argument that there are millions of Tesla owners out there who are owed a retrofit or compensation for Tesla’s mistake.

This is a current liability at Tesla worth billions of dollars, and there are already examples of lawsuits about this issue.

These are all management mistakes that ultimately fall on Elon Musk, Tesla’s CEO.

Then, there are plenty of mistakes that Musk has made outside of Tesla that is affecting the company. The hard turn to the right, buying Twitter, boosting misinformation and Russian propaganda on the platform, financially backing Donald Trump, joining the administration and slashing critical government program indiscriminately.

Regardless of if you agree or not with Musk’s politics, these are things that you simply shouldn’t do as the face of a major consumer product company as you will undoubtedly anger a large part of your consumer base.

That’s exactly what’s happening.

There are now weekly demonstrations at Tesla stores around the world, and sales are crashing in many markets, especially in those where Musk got politically involved, like Germany, where Tesla sales are down 70% so far this year.

Musk is virtually erasing two decades of hard work to build Tesla’s brand into the world’s leading when it comes to electrification and renewable energy.

Now, for a large part of the population, Tesla is just seen as the piggybank of an out-of-touch oligarch.

Tesla is not dead yet, but if Musk continues to be the face of the company, it looks like it’s certainly going in that direction as this brand issue and declining demand is not going away.

Some of his fans cling to the idea that the automaker is about to solve self-driving, but this belief is largely based on Musk’s claims, which have been consistently wrong.

Now, it’s not to say that Tesla hasn’t made great progress on that front, but if we are to listen to the company’s own goal to be safer than humans, it means achieving “miles between critical disengagement” equivalent to human miles between collisions, which is 700,000 miles, according to NHTSA.

The latest available crowdsource data, a dataset that Musk has positively referred to twice lately, shows that Tesla is currently at about 500 miles between critical disengagement.

Electrek’s Take

While Tesla might not die under Musk, I sincerely think that, at best, it will be a fraction of what it was at its peak, which means no bigger than it is now or in 2023.

Musk’s brand is toxic and doesn’t look to be improving significantly now that he has attached himself to identity politics, culture wars, and Trump.

Looking at Tesla fans and shareholders who still support him, their main hope appears to be self-driving and robots. On the self-driving front, I think it’s delusional to believe that Tesla will solve self-driving on its current hardware.

I think it has made some great progress, which may result in Tesla achieving valuable levels of self-driving on next-generation hardware in the next few years. However, others are on the same path, and you have to balance Tesla’s effort against the giant liability it created for itself by promising it on millions of other vehicles.

As for the robots, I’m actually somewhat bullish on humanoid robots, and I do believe that Tesla has some competitive advantage on that front. However, it’s foolish to think they will simply leapfrog the competition, which is significant in the sector.

Tesla’s core business remains selling cars and batteries. There’s no doubt that the business of selling cars is not going well for Tesla right now, and under Musk, there’s no clear path to improvement. The energy business is booming, but margins are falling, and competition is increasing—especially from companies like CATL and BYD, which supply the cells that Tesla uses for its stationary batteries.

On the car side, Tesla is indeed planning to launch cheaper cars this year, but that plan was a pivot after Musk canceled the “$25,000 Tesla.” These new vehicles are expected to be built on the same platform as Model 3 and Model Y, so they will be closer to these models and cannibalize them.

I’d be surprised if they are enough to avoid Telsa from having its annual deliveries decline again this year.

I have been saying this for a while, but it’s time for Elon to go.

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