Waiting for the storm: Why 2023 might be better than all the forecasts predict

By Trey Thoelcke Updated Dec 21, 10:35AM EST · Published Dec 21, 4:28AM EST

Follow 24/7 Wall St. on Google

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Waiting for the storm: Why 2023 might be better than all the forecasts predict — © xavierarnau / E+ via Getty Images

In today’s issue:

— Despite the noise of the climate culture wars, technology and progress roll on

— Climate conversations can’t be avoided. And they shouldn’t be, writes Jack Hamilton

— COP15 in Montreal ends with historical global biodiversity agreement; not everyone’s happy

Greetings from London, where we’ve decamped for the holidays. Their year didn’t turn out quite as pivotal for the forces fighting global warming as hoped, and 2023 promises to start out with even more controversy.

Still, gains in renewable output and President Joe Biden’s historic climate law — as well as this month’s nuclear fusion breakthrough by scientists, and Europe’s resolve in overcoming its energy crisis — underscore that despite the noise of the climate culture wars, technology and progress roll on. (See our outlook for 2023 here: These will be the six biggest climate stories for investors next year).

A potential global recession and the horrendous war in Ukraine cast large shadows over 2023, but as we know from this year, reality seldom matches our expectations and relentless planning. The forces of climate finance are changing the game from one of hope to one of action, which we shall see in the coming deals and new investments from Wall Street, Silicon Valley, and Europe.

At Callaway Climate Insights, we’re grateful this holiday season to have continued to grow our subscribers and readers in our third year and we look forward to a fascinating and chaotic climate year in our fourth in 2023. Please be sure to take advantage of our holiday subscription sale to give the gift of climate intelligence to a friend or loved one in the next two weeks.

We’ll be filing intermittently over the next two weeks and back full time in January. Have a happy and restful holiday season. — David

Subscribe to Callaway Climate Insights to keep reading this post and get 7 days of free access to the full post archives.

About the Author Trey Thoelcke →

Trey has been an editor and author at 24/7 Wall St. for more than a decade, where he has published thousands of articles analyzing corporate earnings, dividend stocks, short interest, insider buying, private equity, and market trends. His comprehensive coverage spans the full spectrum of financial markets, from blue-chip stalwarts to emerging growth companies.

Beyond 24/7 Wall St., Trey has created and edited financial content for Benzinga and AOL's BloggingStocks, contributing additional hundreds of articles to the investment community. He previously oversaw the 24/7 Climate Insights site, managing editorial operations and content strategy, and currently oversees and creates content for My Investing News.

Trey's editorial expertise extends across multiple publishing environments. He served as production editor at Dearborn Financial Publishing and development editor at Kaplan, where he helped shape financial education materials. Earlier in his career, he worked as a writer-producer at SVE. His freelance editing portfolio includes work for prestigious clients such as Sage Publications, Rand McNally, the Institute for Supply Management, the American Library Association, Eggplant Literary Productions, and Spiegel.

Outside of financial journalism, Trey writes fiction and has been an active member of the writing community for years, overseeing a long-running critique group and moderating workshop sessions at regional conventions. He lives with his family in an old house in the Midwest.