Each week our friends at Inhabitat recap the week's most interesting green developments and clean tech news for us -- it's the Week in Green.
Summer is finally upon us, and polluting companies are feeling the heat as President Barack Obama announced a groundbreaking climate action plan this week that calls for cutting CO2 emissions and building more resilient communities in the face of climate change. Meanwhile, innovators around the world are continuing to tackle some of our biggest challenges. Rust-Oleum launched NeverWet - an incredible new spray that can completely waterproof any surface or object. IKEA unveiled a new solar-powered flat-pack shelter that could be easily deployed as emergency housing. Cardboard Technologies announced plans to mass-produce a $10 bicycle made almost entirely from recycled cardboard. And in one of the week's most exciting green transportation developments, England's Drayson Racing set a new land speed record for electric cars this week, shattering the previous mark by nearly 30 MPH.