this is fine giftarticle.ft.com/giftarticle/...

Underappreciated fact in all of this: stocks vs flows. The 'ceasefire' barely avoid a number of cliffs. Diesel futures just saw their largest single-day increase since 2022 for good reason. Product markets — aka what people actually buy/burn — are uniquely vulnerable right about now.

"We Cannot Choose to Become Idiots"...except apparently we have. The real litmus test is whether we consider students 22 and 31 'AI illiterate' or patsies on the one hand, or admirably honest. Yes, this is a crisis in (higher) education www.insidehighered.com/news/faculty...

$3.47, of course, is still higher than before the Iran War. e.g. the difference is ~3x the federal gasoline tax of ¢18.4 per gallon.

Global warming accelerating. Extreme temperatures accelerating. Sea-level rise accelerating. Heat wave worst ever. Not good, when scientists are surprised. @eroston.bsky.social with a roundup that, yes, ends in renewables prices falling faster than expected: www.bloomberg.com/graphics/202...

And once again it's up to Brussels to play by the rules, win, and show to the world that corruption doesn't pay.

In this World Cup ad, football star Luka Modrić is being coached to bet on whether 2026 will be the hottest year ever. Meanwhile, games are being played in extreme heat, putting players and fans at risk. Is there any more perfect symbol of where we are right now? 🤯😵‍💫😱 and a 🧵 on why this matters

From extreme heat to extreme rain and back. One fundamental indicator that united them all: extreme ocean temperatures. Via @financialtimes.com, no less:

A $3 @mta.info subway fare and some good Q train timing can buy you one hell of a view of the July 4th fireworks and the Brooklyn Bridge light show! Huge shoutout to the train operator for slow rolling over the Manhattan Bridge and the conductor for announcing it.

H₂O breaks by now just feel like an excuse for more TV ads. Doesn't seem to be about protecting players.

This is a clear example of a compound hazard event (i.e., amplified societal impacts). Severe thunderstorms knocked out power for nearly 250,000 people last night, and many are now seeing near-record heat today while still without electricity. Orange: heat advisories Pink: excessive heat warnings

Geothermal FTW business.columbia.edu/insights/climate/geothermal

Energy disinformation does as much and more damage in the US and Europe by now as climate disinformation does.

Global Heating 1 American Energy Dominance 0

Welcome to the Summer 2026 Climate Knowledge Initiative (CKI) Fellows! 🎉 We receive >400 applications a year from across @columbiauniversity.bsky.social for 20-25 posts each term. The mission: conduct rigorous techno-economic analyses and turn them into actionable, business-relevant insights.

Oh, oh, I know that one: None.

Train-commuting home in New York today under the heat dome, let me just say for the record: our infrastructure isn't ready for what's to come. Not even close.

Genuinely shocking how quickly we ran out of numbers on the Climate Shift Index scale. Northwestern Europe is slowly emerging from its massive heat event, while the Northeastern US is entering one. CSI Level 5 = 5x more likely with climate change compared without.

SCIENCE UPDATE in the US, here's where we are (via @nejm.org) TL;DR:A political appointee decides funding, not peer review; Your grant can be canceled at any time without warning; International collaborations are prohibited; & All conferences require political pre-approval @naomioreskes.bsky.social

Pay peer reviewers $290 per submission, see review times go down from 38 days (with a long upper tail) to 5.5 days (with v. few 'late' reviews), and watch quality go up to boot. Who knew? #IncentivesIncentivize www.nature.com/articles/d41...

When the heat index in New York in Chicago is higher than Phoenix's.. "More than 160 million people are under extreme heat warnings or heat advisories ahead of the Fourth of July weekend." www.nytimes.com/2026/07/01/w...

Amidst all the ::gestures around::, some good climate news: Virginia re-joining RGGI today!

'Cheap solar = missing profits' is all you need to know about the continued fossil fuel obsession. Meanwhile, "For many Spanish consumers, the glut is a blessing … This year their rates have been among the lowest in Europe — about half of what Germans pay." www.bloomberg.com/news/article...

I'm old enough to remember when climate change was *going to* make us poorer in the future. Well, that future is now. New study shows how extreme heat and drought have already cut average household incomes across Europe, exacerbating inequalities in the process. bloom.bg/3QsSsJB @bloomberg.com

Extreme heat and drought have cut average household incomes across Europe, putting millions at risk of poverty, finds a new study. “We are already poorer because of climate change,” says @columbiabusiness.bsky.social climate economist @gwagner.com. Via @bloomberg.com. https://bloom.bg/3QsSsJB

Alternative headline: "After decade-long grace period, market-based climate policy shows effect" Sub-hed: "Domestic vacations and night trains as big winners"

Ok, that last-second 3:3 last night was exciting ⚽ but the best Austrian news this weekend by far: proper bread coming to NYC! 🇦🇹😎 Pandemic sourdough loaf baking may finally come to an end martinauer.com

Fact check: true¹ ¹ Yes, CCS nerds, there's CCS. But no, to a first approximation, it doesn't change the main point.

Geothermal has a lot in common with oil & gas: drilling, supply chains, fracking (for heat!). That's also where the similarities end. Crucially, it isn’t about finding more fuel & shipping it around the world to burn. And yes, it has liftoff. Great BCC deep dive: bbc.com/news/articles/cj3gj1n8yz8o

The pernicious role of fossil fuel funding of climate research doesn't get any clearer than this: "'Wedges' would likely never have been written without BP’s funding" What $15 million upfront, $56m total, buys you...

Hard to overstate how dramatic this European heatwave is. And then you zoom into other areas around the globe, and you realize there may, just may be something going on that links all these weather extremes around the world. @climatecentral.org's CSI: csi.climatecentral.org/climate-shif...

That's the story, yes. Bad for the economy, for people, for coal workers, for everyone other than the coal plant owner, and there, too, only in the very short run.

I know there's a "sailboats, we invented sailboats" quip in here, but this is till rather cool. wsjprosustainablebusiness.createsend1.com/t/d-e-wlhdkt... @wsj.com

The picture to illustrated yet another red-alert heat wave isn't a young woman in a red summer dress. It's a young woman on a gurney, fighting for her life after a heat stroke.

Green Economy Hits $10 Trillion in Market Value Great @insideclimatenews.org take by on why that's a big deal, with some choice words by me. Biggest point: this is because of (fossil!) energy shocks, policy divergence & market volatility, not "despite" them insideclimatenews.org/news/1906202...

Took new @columbiabusiness.bsky.social faculty portraits yesterday. Photographer just sent me a first preview. 🤣 PS: 3:1! ⚽⚽⚽ PPS: Tonight in Vienna: gwagner.com/glacier-circle

Bleecker Street, New York 🏀

Just Look Up premiere @ Tribeca Film Festival justlookupdoc.com The most fun part: taking the kids and watching the gears spin in the 12- and 15-year-olds' minds 💪

Mamdani's NYC: 1st Ave has traffic lights synched with cycling (= legal car) speeds. NYPD no longer just ignores 311 pings about illegally parked cars. No more parked cars within 20ft of Lafayette & Bleecker intersection. … Improving NYC, one tiny, logical step at a time. Thanks, @mayor.nyc.gov

The perfect obit headline for this particular climate denier, who knew better but preferred to live a lie heatmap.news/daily/lee-raymond

$8 million mansion in the sky at The Dakota Classic real estate porn...

"Not the top killer" is one way of saying "rounding error"

The fossil industry shenanigans here aren't exactly surprising but no less disturbing. And yeah, it's the "Honest Brokers", "Skeptical Environmentalists" and other hyphenated attention seekers, who are the most pernicious actors in all of this. www.politico.com/news/2026/06...

Morning run photo fail Also: dang it's hot out already, AQI > 100 and all. And yes, it's climate change¹ ¹ csi.climatecentral.org/climate-shif...

3 million x ~$100/barrel = $300 million aka ¥2 billion SAVINGS PER DAY¹ Clean tech pays, many times over.² ¹ www.wsj.com/business/ene... ² gwagner.com/nature-fossilflation

For the rest of us, inflation is indeed a problem. And yes, it's dominated by fossilflation these days gwagner.com/nature-fossilflation

Wait a decade of two, for when we will yearn for today's wild temperature swings as quaint oscillations of the recent past

The AI revolution is a digital twin of the green transition. Plenty of strategic, economic, and political similarities, plenty of pitfalls, of course, too. My latest @projectsyndicate.bsky.social column, joint Adam Bauer: prosyn.org/USE8D29?h=AE...

Another day, another heat advisory. At what point are we going to 'adapt' out of this one and just skip the daily advisories, building the productivity hits into our economic forecasts¹, perhaps even legislating them out of existence by declaring heat advisories to be too 'political'?

What a story www.theguardian.com/lifeandstyle...