The Week in Context

Staying up to date on all things sustainability can be challenging. That's why we've put together The Week in Context, a summary of the most noteworthy headlines across people, planet, and business.

Ford Gets $9.2 Billion to Help US Catch Up With China’s EV Dominance – Bloomberg

The U.S. government is providing a $9.2 billion conditional loan to Ford Motor Co. for the construction of three battery factories. This significant loan is the largest government support for a U.S. automaker since the 2009 financial crisis, reflecting President Joe Biden's efforts to boost American manufacturers in green technologies and compete with China’s green energy initiatives.

Barbados PM fights for shake-up of global climate finance – BBC

World leaders in Paris are discussing providing significant funding to poorer countries to address climate change. Barbados' Prime Minister, Mia Mottley, is leading the charge for financial support, highlighting the urgent needs of her small country. Lower-income nations, despite contributing less to climate change, face its harshest impacts and struggle to afford renewable energy projects.

Biden Administration Moves to Restore Endangered Species Protections – New York Times

This week, the Biden administration took action to protect wildlife from climate disruptions and other threats. It reinstated safeguards to the Endangered Species Act that were removed by former President Donald Trump, proposed regulations that aim to make it more difficult to remove species from the endangered list, and restored a provision that strengthens protections for threatened species, one step below endangered. The rules also eliminate a Trump-era policy that allowed economic assessments, such as estimating lost revenue for oil and gas operations, to influence species protection decisions.

Himalayan Glacier Loss Speeding Up, New Report Finds – New York Times

New research from Nepal confirms that ice and snow in the world’s highest mountains are disappearing faster than previously thought due to climate change. The report found that glaciers in the Hindu Kush and Himalaya Mountain range region melted 65% faster from 2010 through 2019 than in the previous decade. The finding adds to a growing body of evidence that the consequences of climate change are speeding up, and that some changes will be irreversible.

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