COP27: The Biden administration joins major corporations and nonprofits in seeking $100 billion in private investment for a carbon trading proposal that would fund clean energy in developing countries, though environmental groups say it could actually undermine emissions reduction efforts. (Washington Post, New York Times)

ALSO:
• United Nations experts call for standards to prevent polluters from touting net-zero pledges without action. (The Hill)
• Scotland pledges $5.7 million more for climate reparations, adding to pressure for wealthier countries like the U.S. to do the same. (New York Times)

MIDTERMS:
• Congressional control was still up for grabs as midterm election votes were still being counted, though Democrats had so far avoided a wave of GOP wins that could derail Inflation Reduction Act implementation. (E&E News, Washington Post)
• Voters in California, New Mexico and Colorado re-elect Democratic governors who have supported renewable energy and tightened regulations on fossil fuel industries. (Los Angeles Times, Albuquerque Journal, Colorado Sun)
• Wins by incumbent Democratic governors in Michigan and Wisconsin will help protect those states’ climate and clean energy targets. (S&P Global)
• New York voters approve a $4.3 billion environmental bond act that will support school bus electrification, efficiency retrofits at state properties and offshore wind farms, among other projects. (Times Union)

CLIMATE:
• Using satellites and artificial intelligence, a climate group details the biggest global sources of carbon emissions and finds many companies and countries are underreporting. (Axios, New York Times)
• Carbon emissions from buildings and construction hit an all-time high in 2021 even as global leaders push the sector to decarbonize by 2050, a United Nations report finds. (The Hill)

ELECTRIC VEHICLES:
• Institutions that buy electric vehicles in bulk, like rental companies and local governments, may be the most important for the EV transition as they can reduce a big chunk of emissions at once, justify building chargers and other infrastructure, and normalize EVs for other consumers. (Vox)
• Asian and European automakers call out new U.S. electric vehicle subsidies for prioritizing domestic production, saying they could dampen EV adoption and create trade disputes. (E&E News) 

STORAGE: Despite nearly $400 billion in clean energy tax credits in the Inflation Reduction Act, shortages of materials used to make batteries could stall construction for years, according to analysts. (Utility Dive)

SOLAR:
• An Oregon company tests elevated solar arrays inspired by suspension bridges that could let crops grow and animals graze underneath. (Energy News Network)
• Appalachian solar advocates hope stackable federal tax credits for businesses, schools, nonprofits and individuals will help revamp rural economies previously dependent on coal. (Daily Yonder)

NUCLEAR: Nuclear power’s recent ebbs and flows are illustrated in the Southeast, where South Carolina abandoned construction on a nuclear plant and Georgia Power has been long delayed in an expansion even as other utilities seek to extend use of existing reactors. (S&P Global)

COMMENTARY: Reforming electricity pricing systems is now an imperative ahead of likely clean energy investments under the Inflation Reduction Act, a former state and federal regulator writes. (Utility Dive)

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Kathryn Krawczyk

Kathryn brings her extensive editorial background to the Energy News Network team, where she oversees the early-morning production of ENN’s five email digest newsletters as well as distribution of ENN’s original journalism with other media outlets. From documenting chronic illness’ effect on college students to following the inner workings of Congress, Kathryn has built a broad experience in her more than five years working at major publications including The Week Magazine. Kathryn holds a Bachelor of Science in magazine journalism and information management and technology from Syracuse University.