Julia Simon

Houston-based Fervo Energy sold about 70 million shares, giving it an initial valuation of around $7.6 billion.

Geothermal energy involves digging deep into the Earth's surface.

And the U.S.

has a lot of geothermal potential.

Geothermal companies like Fervo are a good bet for investors right now.

There's a lot of demand for energy.

But the Trump administration has put up roadblocks for solar and wind projects, yet the administration looks favorably on geothermal.

Geothermal is another way to drill, baby, drill.

And it provides reliable energy with far less climate pollution than fossil fuels.

Julia Simon, NPR News.

While United Nations climate conferences have been criticized for not addressing oil, gas and coal, the main driver of climate change, in this two-day conference meant to complement the UN process, conversations were all about finding concrete ways to leave fossil fuels behind.

The countries will collaborate on efforts to cut fossil fuel production and decarbonize trade.

The next conference will be hosted by Ireland and Tuvalu, a Pacific Island nation threatened by rising seas.

It will take place in Tuvalu next year.

Julia Simon, NPR News, Santa Marta, Colombia.

For 30 years, countries have come together for United Nation climate conferences.

But fossil fuel producers such as Saudi Arabia have historically held up conversations about transitioning away from oil, gas and coal.

Burning fossil fuels is the single biggest driver of climate change.

This conference is explicitly dedicated to figuring out how to make the transition to technologies like renewable energy and batteries sustainable.

The energy crisis brought on by the war in Iran gives even more motivation, some participants tell NPR.