Biden At COP27, A Tesla Bull Goes Bearish And Carbon Emissions Keep Climbing

Biden At COP27, A Tesla Bull Goes Bearish And Carbon Emissions Keep Climbing

Share to Linkedin This week's Current Climate, which every Saturday brings you the latest news about the business of sustainability. Sign up to get it in your inbox every week. Anadolu Agency via Getty Images President Joe Biden addressed the United Nations Climate Change Conference Friday and said the U. S. will work to avoid a "climate hell" following a UN report indicating greenhouse gasses are continuing to rise. The President said that the country will make good on its 2021 pledge to spend $11 billion annually to fight climate change, including $150 million to countries in Africa to promote climate adaptation efforts. President also demonstrated how economically precarious it is for the world to be dependent on oil and gas, highlighting supply issues stemming from Russia's invasion of Ukraine as demonstrating "the urgency of the need to transition the world off its dependence on fossil fuels." AFP via Getty Images Global carbon emissions continued to rise this year and have shown no signs of slowing down, the Global Carbon Project said Thursday, as world leaders push for new initiatives to halt climate change at this week's United Nations Climate Change Conference. In the world of automobiles, electrification is happening