Other topics include the dissatisfaction of developing countries with the Cop29's climate finance deal, Elon Musk's unlikely ambitions to slash $2 trillion in annual spending, the bankruptcy of one of the world's biggest battery startups, Northvolt, and the launch of Huawei's phone running its own software. The newsletter also discusses Tesla's violation of environmental rules in Texas, the rise of AI-powered coding assistants, and the growth of self-driving cars in Singapore.
Key takeaways:
- President-elect Donald Trump’s “America First” plan to enact huge tariffs on imported goods threatens to increase the cost and slow down the development of US cleantech projects.
- The US Department of Justice released its recommendations for proposed remedies in its antitrust case against Google, which could be catastrophic to its business if enacted.
- Developing countries are unhappy with Cop29’s climate finance deal, claiming the $300 billion annual pledge isn’t enough.
- There are concerns about who should have access to experimental therapies and who should get to decide, especially considering how quickly biotechnology is advancing.