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The Canton of Bern's parliament has approved a motion to explore Bitcoin mining as a means to utilize surplus energy and stabilize the electricity grid, passing with an 85 to 46 vote. The initiative aims to assess unused energy areas and collaborate with Swiss mining companies, despite previous government opposition. Proponents argue that Bitcoin mining can attract investments, create jobs, and support renewable energy development, drawing comparisons to successful models in Texas.
The US has become the fifth-largest supplier of liquefied natural gas and crude oil to India between 2017 and 2024. Experts express concern over the potential impact of increased US protectionism on global supply chains and green technology access, emphasizing the need for international cooperation in climate action. The resilience of the Paris Agreement is highlighted, despite setbacks from political changes in the US, with calls for continued commitment to addressing climate change.
The World Nature Conference in Colombia concluded without resolving critical financing issues, leaving the goal of halting nature destruction by 2030 further out of reach. Delegates from around 200 countries failed to agree on a Global Biodiversity Fund, deepening rifts between industrialized nations and the Global South. Despite setbacks, there was progress in protecting marine biodiversity and involving indigenous communities in conservation efforts.
Countries at the UN COP16 biodiversity summit are struggling to secure adequate funding for conservation, with recent pledges totaling $163 million falling short of the billions needed. Advocacy groups express concern over the slow flow of funds amid escalating biodiversity loss, as only 17.6% of land and 8.4% of marine areas are currently protected. Negotiations continue on key issues, including Indigenous representation and financing strategies, as delegates aim to implement the 2022 Kunming-Montreal Global Biodiversity Framework.
Governments are making progress on structuring a new global climate finance goal, but significant divides remain over funding sources and the goal's size. Developing nations propose a target of $1-2 trillion annually, while wealthy countries suggest maintaining at least the previous $100 billion goal, emphasizing the need for both public and private finance contributions. The outcome will be finalized at COP29 in Baku, with ongoing debates about who should contribute and the complexity of the proposed financial structures.
New Zealand's government faces potential backlash for reversing a ban on offshore fossil fuel exploration, as civil servants warn it could harm the country's climate reputation and anger Pacific nations. The move risks legal challenges related to international climate obligations and could contradict commitments made at COP28. Critics, including Pacific leaders, emphasize the importance of maintaining a strong stance against fossil fuels to ensure regional safety and security amid climate threats.

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