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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
Elon Musk’s net worth is nearing $800 billion, and it’s no small part due to xAI
A newly confirmed $20 billion xAI funding round valued the business at $250 billion, adding an estimated $62 billion to Musk’s fortune.
Elon Musk moved within reach of an unprecedented $800 billion net worth after private investors sharply increased the valuation of xAI Holdings, his artificial intelligence and social media company.
A newly confirmed $20 billion funding round valued the business at $250 billion, adding an estimated $62 billion to Musk’s fortune and widening his lead as the world’s wealthiest individual.
xAI’s valuation jump
Forbes confirmed that xAI Holdings was valued at $250 billion following its $20 billion funding round. That’s more than double the $113 billion valuation Musk cited when he merged his AI startup xAI with social media platform X last year. Musk owned roughly 49% of the combined company, which Forbes estimated was worth about $122 billion after the deal closed.
xAI’s recent valuation increase pushed Musk’s total net worth to approximately $780 billion, as per Forbes’ Real-Time Billionaires List. The jump represented one of the single largest wealth gains ever recorded in a private funding round.
Interestingly enough, xAI’s funding round also boosted the AI startup’s other billionaire investors. Saudi investor Prince Alwaleed Bin Talal Alsaud held an estimated 1.6% stake in xAI worth about $4 billion, so the recent funding round boosted his net worth to $19.4 billion. Twitter co-founder Jack Dorsey and Oracle co-founder Larry Ellison each owned roughly 0.8% stakes that are now valued at about $2.1 billion, increasing their net worths to $6 billion and $241 billion, respectively.
The backbone of Musk’s net worth
Despite xAI’s rapid rise, Musk’s net worth is still primarily anchored by SpaceX and Tesla. SpaceX represents Musk’s single most valuable asset, with his 42% stake in the private space company estimated at roughly $336 billion.
Tesla ranks second among Musk’s holdings, as he owns about 12% of the EV maker’s common stock, which is worth approximately $307 billion.
Over the past year, Musk crossed a series of historic milestones, becoming the first person ever worth $500 billion, $600 billion, and $700 billion. He also widened his lead over the world’s second-richest individual, Larry Page, by more than $500 billion.
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Tesla Cybercab sighting confirms one highly requested feature
The feature will likely allow the Cybercab to continue operating even in conditions when its cameras could be covered with dust, mud, or road grime.
A recent sighting of Tesla’s Cybercab prototype in Chicago appears to confirm a long-requested feature for the autonomous two-seater.
The feature will likely allow the Cybercab to continue operating even in conditions when its cameras could be covered with dust, mud, or road grime.
The Cybercab’s camera washer
The Cybercab prototype in question was sighted in Chicago, and its image was shared widely on social media. While the autonomous two-seater itself was visibly dirty, its rear camera area stood out as noticeably cleaner than the rest of the car. Traces of water were also visible on the trunk. This suggested that the Cybercab is equipped with a rear camera washer.
As noted by Model Y owner and industry watcher Sawyer Merritt, a rear camera washer is a feature many Tesla owners have requested for years, particularly in snowy or wet regions where camera obstruction can affect visibility and the performance of systems like Full Self-Driving (FSD).
While only the rear camera washer was clearly visible, the sighting raises the possibility that Tesla may equip the Cybercab’s other external cameras with similar cleaning systems. Given the vehicle’s fully autonomous design, redundant visibility safeguards would be a logical inclusion.
The Cybercab in Tesla’s autonomous world
The Cybercab is Tesla’s first purpose-built autonomous ride-hailing vehicle, and it is expected to enter production later this year. The vehicle was unveiled in October 2024 at the “We, Robot” event in Los Angeles, and it is expected to be a major growth driver for Tesla as it continues its transition toward an AI- and robotics-focused company. The Cybercab will not include a steering wheel or pedals and is intended to carry one or two passengers per trip, a decision Tesla says reflects real-world ride-hailing usage data.
The Cybercab is also expected to feature in-vehicle entertainment through its center touchscreen, wireless charging, and other rider-focused amenities. Musk has also hinted that the vehicle includes far more innovation than is immediately apparent, stating on X that “there is so much to this car that is not obvious on the surface.”
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Tesla seen as early winner as Canada reopens door to China-made EVs
Tesla had already prepared for Chinese exports to Canada in 2023 by equipping its Shanghai Gigafactory to produce a Canada-specific version of the Model Y.
Tesla seems poised to be an early beneficiary of Canada’s decision to reopen imports of Chinese-made electric vehicles, following the removal of a 100% tariff that halted shipments last year.
Thanks to Giga Shanghai’s capability to produce Canadian-spec vehicles, it might only be a matter of time before Tesla is able to export vehicles to Canada from China once more.
Under the new U.S.–Canada trade agreement, Canada will allow up to 49,000 vehicles per year to be imported from China at a 6.1% tariff, with the quota potentially rising to 70,000 units within five years, according to Prime Minister Mark Carney.
Half of the initial quota is reserved for vehicles priced under CAD 35,000, a threshold above current Tesla models, though the electric vehicle maker could still benefit from the rule change, as noted in a Reuters report.
Tesla had already prepared for Chinese exports to Canada in 2023 by equipping its Shanghai Gigafactory to produce a Canada-specific version of the Model Y. That year, Tesla began shipping vehicles from Shanghai to Canada, contributing to a sharp 460% year-over-year increase in China-built vehicle imports through Vancouver.
When Ottawa imposed a 100% tariff in 2024, however, Tesla halted those shipments and shifted Canadian supply to its U.S. and Berlin factories. With tariffs now reduced, Tesla could quickly resume China-to-Canada exports.
Beyond manufacturing flexibility, Tesla could also benefit from its established retail presence in Canada. The automaker operates 39 stores across Canada, while Chinese brands like BYD and Nio have yet to enter the Canadian market directly. Tesla’s relatively small lineup, which is comprised of four core models plus the Cybertruck, allows it to move faster on marketing and logistics than competitors with broader portfolios.
Elon Musk’s net worth is nearing $800 billion, and it’s no small part due to xAI
Tesla Cybercab sighting confirms one highly requested feature
