Canadian Prime Minister Justin Trudeau announced a $587 million initiative to support up to four Indigenous-led conservation projects over the next seven years. The funding, which draws from government coffers and private philanthropy, is set to protect up to 386,000 square miles of land across four Canadian provinces and territories.

In a global first, the European Union has agreed to impose a carbon tax on goods imported into the supranational trade bloc, requiring emissions-intensive foreign companies to pay the same CO2 taxes as their European competitors. Most other countries, including the United States, don’t make companies pay for their climate pollution.

The U.S. Department of Energy announced that it’s giving a $2.5 billion loan to Ultium Cells to help build electric vehicle battery facilities in Michigan, Ohio, and Tennessee. The plants are expected to create or support more than 11,000 jobs and help the U.S. meet growing demand for zero-emission vehicles — without relying on components built overseas.