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Netherlands initiates radical climate plan in bid to reduce emissions by 25% before end of 2020
The Netherlands Supreme Court has ruled in favor of a radical initiative to reduce emissions by 25% by the end of 2020 in a groundbreaking lawsuit. It is the first time a federal government has found legal implications as a way to prevent climate change on behalf of a lawsuit filed by citizens.
The case dates back to 2013 when a Netherlands-based activist organization called Urgenda filed a lawsuit against the Dutch state. The organization’s director Marjan Minnesma said during an interview with The Correspondent’s Jelmer Mommers that the case was based on environmental awareness. “We are simply asking whether the state has the freedom to ignore what everyone knows is necessary,” Minnesma said.
A federal judge announced the verdict for the case in 2015 and stated that the climate policy in the Netherlands was not decisive or adequate enough to cause any sort of change. The judge then required emissions in the state to reduce by 25% by 2020. The basis behind the verdict was that it was the government’s job to protect is citizens from climate change and its dangerous and harmful consequences. The judge’s decision was appealed by the State, but their case was thrown out.
Today, the Netherlands Supreme Court voted on the case and Urgenda won again. This will require companies, banks, and investors alike to abide by new climate regulations, requiring them to reduce emissions by a quarter by the end of next year.
The Netherlands is one of thirteen countries in the world, and one of eight in Europe, to implement a phase-out plan of petrol-based vehicles. The ban was announced in 2017 and will affect gasoline or diesel vehicle sales. It requires all cars to be “emissions-free” by the end of 2030.
While Tesla has become a mainstay all over the world, its presence is certainly felt in the Netherlands. In fact, the Model 3 has become the most popular vehicle in the country after it surpassed the Volkswagen Polo earlier this year. The country is one of the Model 3’s most high volume markets. In the third quarter alone, the Netherlands registered over 6,000 Model 3 vehicles. With the climate plan in place, a greater degree of adoption for Model 3 in the Netherlands may happen next year as well.
A win for environmentalists everywhere, a federal government has stated that they will finally begin holding large companies accountable for the damage they do to the environment. In today’s climate, the Earth is at a dire need for change. Luckily, there are countries that are attempting to do their part to contribute to the reduction of global greenhouse gases into the atmosphere. The Netherlands is one of them. In September, the country announced they will halt gas production at a notorious onshore gas field by 2022 in favor of a clean energy alternative.
It is important to note that the world’s emissions issues and climate change problems will not go away overnight. Perhaps a government’s attempt to combat the release of dangerous gases into the atmosphere will spread to other countries. While that remains to be seen, the Netherlands deserves some recognition as they took a citizen’s request for the reduction of pollution as a sign that they needed to take the issue more seriously. The recognition of the case is a sign that the climate issues are being taken seriously. While some state governments in the United States have countered companies who are not contributing to emissions reduction, it remains to be seen whether the federal government will make moves toward a clean energy future.
Elon Musk
SpaceX weighs Nasdaq listing as company explores early index entry: report
The company is reportedly seeking early inclusion in the Nasdaq-100 index.
Elon Musk’s SpaceX is reportedly leaning toward listing its shares on the Nasdaq for a potential initial public offering (IPO) that could become the largest in history.
As per a recent report, the company is reportedly seeking early inclusion in the Nasdaq-100 index. The update was reported by Reuters, citing people familiar with the matter.
According to the publication, SpaceX is considering Nasdaq as the venue for its eventual IPO, though the New York Stock Exchange is also competing for the listing. Neither exchange has reportedly been informed of a final decision.
Reuters has previously reported that SpaceX could pursue an IPO as early as June, though the company’s plans could still change.
One of the publication’s sources also suggested that SpaceX is targeting a valuation of about $1.75 trillion for its IPO. At that level, the company would rank among the largest publicly traded firms in the United States by market capitalization.
Nasdaq has proposed a rule change that could accelerate the inclusion of newly listed megacap companies into the Nasdaq-100 index.
Under the proposed “Fast Entry” rule, a newly listed company could qualify for the index in less than a month if its market capitalization ranks among the top 40 companies already included in the Nasdaq-100.
If SpaceX is successful in achieving its target valuation of $1.75 trillion, it would become the sixth-largest company by market value in the United States, at least based on recent share prices.
Newly listed companies typically have to wait up to a year before becoming eligible for major indexes such as the Nasdaq-100 or S&P 500.
Inclusion in a major index can significantly broaden a company’s shareholder base because many institutional investors purchase shares through index-tracking funds.
According to Reuters, Nasdaq’s proposed fast-track rule is partly intended to attract highly valued private companies such as SpaceX, OpenAI, and Anthropic to list on the exchange.
Elon Musk
The Boring Company’s Prufrock-2 emerges after completing new Vegas Loop tunnel
The new tunnel measures 2.28 miles, making it the company’s longest single Vegas Loop tunnel to date.
The Boring Company announced that its Prufrock-2 tunnel boring machine (TBM) has completed another Vegas Loop tunnel in Las Vegas. The company shared the update in a post on social media platform X.
According to The Boring Company’s post, the new tunnel measures 2.28 miles, making it the company’s longest single Vegas Loop tunnel to date.
The new tunnel marks the fourth tunnel constructed near Westgate Las Vegas as the Vegas Loop network continues expanding across the city.
The Boring Company also noted that the new tunnel surpassed its previous internal record of 2.26 miles for a single Vegas Loop segment.
Construction of the tunnel involved moving roughly 68,000 cubic yards of dirt. The excavation process also used about 4.8 miles of continuous conveyor belt, powered by six motors totaling 825 horsepower.
The Boring Company’s Prufrock-series all-electric tunnel boring machines are designed to support the rapid expansion of company’s underground transportation projects, including the growing Vegas Loop network. Prufrock machines are designed for reusability, thanks in no small part to their capability to be deployed and retrieved easily through their “porposing” feature.
The Vegas Loop, specifically the Las Vegas Convention Center (LVCC) Loop segment, has already been used during major events. Most recently, the LVCC Loop supported the 2026 CONEXPO-CON/AGG construction trade show, which was held from March 3-7, 2026.
As per The Boring Company, the LVCC Loop transported roughly 82,000 passengers across the convention center campus during the event’s duration.
CONEXPO-CON/AGG is one of the largest construction trade shows in North America, drawing more than 140,000 construction professionals from 128 countries this year.
The LVCC Loop forms the initial segment of the broader Vegas Loop network, which remains under active development as The Boring Company continues building new tunnels throughout the city.
News
Tesla gathers Cybercab fleet in Gigafactory Texas
Images and video of the Cybercab fleet were shared by longtime Giga Texas observer Joe Tegtmeyer in posts on social media platform X.
Tesla appears to be assembling a growing number of Cybercabs at Gigafactory Texas as preparations continue for the vehicle’s mass production. Recent footage shared online has shown over 30 Cybercabs being transported by trucks or staged near testing areas at the facility.
The images and video were shared by longtime Giga Texas observer and drone operator Joe Tegtmeyer in posts on social media platform X.
Interestingly enough, Tegtmeyer noted that many of the Cybercabs being loaded onto transport trucks were still equipped with steering wheels. This suggests that the vehicles are likely testing units rather than the final driverless configuration expected for the company’s Robotaxi service.
The vehicles could potentially be headed to testing sites across the United States as Tesla prepares to expand its Robotaxi fleet.
Additional footage captured at Gigafactory Texas also showed the Cybercab’s side and rear camera washer system operating as vehicles were being loaded onto transport trucks.
The growing number of Cybercabs at Giga Texas comes amidst the company’s announcement that the first production Cybercab has been produced at the facility. Full Cybercab production is expected to begin in April.
The vehicle is expected to play a central role in Tesla’s Robotaxi ambitions as the company looks to expand autonomous ride-hailing operations beyond its early deployments using Model Y vehicles.
Tesla has also linked Cybercab production to its proposed Unboxed manufacturing process, which assembles large vehicle modules separately before integrating them. The approach is intended to reduce production costs and accelerate output.
Musk has also noted that the Cybercab’s ramp will likely begin slowly due to the number of new components and manufacturing steps involved. However, he stated that once the process matures, Cybercab production could scale quickly.
SpaceX weighs Nasdaq listing as company explores early index entry: report
The Boring Company’s Prufrock-2 emerges after completing new Vegas Loop tunnel
