As COP30 approaches, challenging questions loom about climate finance delivery, adaptation funding, and whether countries can bridge the widening gap between current emissions trajectories and climate targets. Experts warn that without decisive action on financing mechanisms and accountability frameworks, vulnerable nations will continue bearing disproportionate climate impacts while lacking resources for resilience. Source: ft.com

COP30 in Belem, Brazil marks the 10th anniversary of the Paris Agreement with critical discussions on climate finance, deforestation, and closing the gap between countries' pledges and the 1.5C warming target. Key issues include scaling climate financing from $300 billion to $1.3 trillion annually by 2035, protecting tropical forests through Brazil's proposed $125 billion fund, and addressing the urgent need for ambitious national climate plans. Source: france24.com

Bill Gates calls for a strategic pivot in climate action ahead of COP30, arguing the world should focus on preventing human suffering rather than solely on emissions targets. In his memo "Three Tough Truths About Climate," Gates contends that climate change is serious but won't end civilization, and that health and prosperity are the best defense against climate impacts, sparking debate among climate scientists and activists. Source: gatesnotes.com

Category 5 Hurricane Melissa struck Jamaica causing catastrophic floods and landslides across the Caribbean, killing seven people and underscoring the urgency of the upcoming COP30 climate summit in Brazil. UK Foreign Secretary Yvette Cooper told Cabinet colleagues the hurricane highlighted the importance of the summit for those unable to "pick up their island and move it out of the way of the approaching storm." Source: theecologist.org

Eleven governors from PJM Interconnection member states are demanding greater control over grid operations as data center expansion drives capacity auction costs from $2.2 billion to $16.1 billion in two years. The surge in electricity demand from AI and data centers has caused ratepayer bills to increase substantially, with some threatening to withdraw from the 13-state grid altogether. Source: grist.org

New England states have invested over $390 million in offshore wind infrastructure since 2011, with Massachusetts alone spending on specialized ports and job training programs. The region's first two utility-scale offshore wind projects, Vineyard Wind and Revolution Wind, are under construction and expected to be fully online by early next year, though the industry faces significant uncertainty. Source: wbur.org

BP and JERA's joint venture JERA Nex BP is withdrawing from the US offshore wind market and halting investment in the Beacon Wind project off Massachusetts, citing unfavorable market conditions. All US-based team members will be laid off in coming months, though the company will maintain the Beacon lease for potential future development. Source: offshorewind.biz