Follow the Money

Gordon Brown's "Petrostate Wealth Tax". Eurelectric's PowerBarometer. Gas and oil asset shakeout. Climate risk has made chunks of the US uninsurable. And, get trippy to save the planet?

Welcome back to Wicked Problems. The climate tech newsletter some people are saying is like the militant wing of the National Trust. Some things we noticed:

Former UK prime minister Gordon Brown called for a 3% “windfall tax” on the oil and gas export revenues of “petrostates” including Saudi, UAE, Qatar and Norway to “kickstart” a fund to help developing countries reduce emissions and adapt to climate change. Brown said that the proposal would result in $25bn initially to support a fund that would unlock up to $1 Trillion in adaptation funding.

The International Energy Agency said this morning that delays in emissions reductions risked leaving the world hostage to “expensive, unproven” carbon removal technologies¹. Though it insisted that limiting warming to 1.5 C was still possible thanks to the uptake in renewable energy. Last week at a Climate Week…