Trade

• [New] Adopting the Advanced Clean Truck and Heavy Duty Omnibus Low-NOx rules will move Oregon to a leadership position in the fast-growing global market for zero-emission trucks, inspiring investments and innovations in anticipation of strong clean truck standards. Clean Air Health Communities
• [New] China, the EU, and California are together responsible for half the world's car sales and when acting together, could shift investment throughout the global industry, increasing electric vehicle production and decreasing costs. Science Museum Blog
• [New] Another key item to watch will be whether China and India present credible commitments to phase out coal, which remains the world's largest source of electricity generation at around 35% of the global electricity mix, and in China is around 97%. Proactiveinvestors UK
• [New] We see a secular opportunity in helping to build a new market in climate risk transfer that will be integral to the continued growth and sustainability of the global economy. ReinsuranceNe.ws
• [New] Overall, analysts say, at least half a dozen large Russian companies in energy, shipping and mining will benefit from global warming. The New York Times
• [New] In the medium term, we expect government support for the oil industry and high global demand for oil to cause Calgary and Edmonton to lead all metros in GDP and employment growth. Oxford Economics
• [New] Global standards of climate risk reporting are needed so the financial markets can play their part, and also so regulators can do what they need to do. phys.org
• [New] 15 major fossil fuel producing countries, including the United States, are planning to produce more oil, gas and coal until 2040, reaching levels more than double what is needed to prevent a catastrophic rise in global temperatures. The New York Times
• [New] The costs of being a global laggard on climate change are only going to grow as the pressure for action increases. Hesta
• [New] Europe imports 45% of all magnesium produced in China, creating a risk of a bottleneck that threatens massive production losses in Europe's automotive industry. Just Auto
• [New] U.S. proposals to create new electric vehicle tax credits for American-built vehicles could harm the North American auto industry and fall foul of trade agreements. Singaporenewslive.com
• [New] The production of green hydrogen is increasingly becoming economical, owing to the continuously decreasing cost of solar photovoltaic and wind electricity generation, which is expected to drive the growth of the global green hydrogen market during the forecast period. MarketResearch
• [New] Coal, oil and gas production will keep growing at least until 2040, reaching levels more than double what is needed to prevent a catastrophic rise in global temperatures. The New York Times
• [New] While electric vehicles have only accounted for four percent of US auto sales in 2021 so far, it's expected by 2030 that over one-third of all automotive sales in the US will be electric vehicles, and over twenty-eight percent of global sales will be electric. The National Law Review
• [New] 25% of the world species are at the risk of extinction by the year 2050 due to global warming. Health
• [New] Governments should focus on how they can help companies reposition themselves for success and incubate new companies in areas where global demand will grow. Macleans.ca
• [New] Both climate change threats and the global efforts to address climate change will influence U.S. defense strategic interests, relationships, competition, and priorities. The White House
• [New] Foreshadowed for years, French Canada said it plans to ban fossil fuel production by rejecting exploration and production development and liquefied natural gas exports. Natural Gas Intelligence
• [New] Given the size of China's property sector and a lack of new growth engines, we should expect a further slowdown in China's (and global) economic growth. Investor Ideas
• [New] A Commodity Futures Trading Commission panel last year cited data estimating that between $1 trillion and $4 trillion in global wealth connected to fossil fuels could be destroyed. CNBC
• [New] The use of crude oil as a substitute for natural gas presents a major upside risk to the demand outlook, although higher energy prices may start to weigh on global growth. World Bank
• [New] The surge in energy prices poses significant near-term risks to global inflation and, if sustained, could also weigh on growth in energy-importing countries. World Bank

Last updated: 24 October 2021