illuminem summarizes for you the essential news of the day. Read the full piece on Bloomberg or enjoy below:

🗞️ Driving the news: Vice President Kamala Harris is endorsed by President Joe Biden for the Democratic nomination after Biden's withdrawal from the 2024 presidential race
• Potential running mates for Harris include Michigan Governor Gretchen Whitmer and Pennsylvania Governor Josh Shapiro, both with strong climate change credentials

🔭 The context: Biden's presidency marked significant climate action, notably the 2022 Inflation Reduction Act, rejoining the Paris Agreement, and setting ambitious emission reduction targets
• Harris, with a robust climate record, has advocated for substantial environmental policies and led climate initiatives at home and abroad, including a significant announcement at COP28

🌍 Why it matters for the planet: The candidates' commitment to climate action ensures continued progress towards reducing emissions and investing in clean energy
• Their policies could significantly impact the US's ability to meet international climate goals and lead global efforts in combating climate change

⏭️ What's next: As Harris seeks the nomination, her climate agenda and potential running mates will be scrutinized for their ability to advance Biden's climate legacy
• The selection of a VP with strong environmental credentials could bolster her campaign and influence future climate policies

💬 One quote: "Together, we are protecting our air, our water and our land while focusing on taking climate change head on," said Governor Gretchen Whitmer

📈 One stat: Biden's 2022 Inflation Reduction Act is the largest investment in reducing emissions and boosting clean energy in US history

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