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IRENA report says tripling renewables investment required to reach 2050 climate goal

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Global renewable energy investment increased between 2013 and 2018, reaching its peak at US$351 billion in 2017, according to a new report by the International Renewable Energy Agency (IRENA) and Climate Policy Initiative (CPI). The 2020 edition of Global Landscape of Renewable Energy Finance highlights however, that while a cumulative US$1.8

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Forth and Mobility Development partner to launch national EV carsharing program; affordable model for underserved communities

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Forth and Mobility Development Group are creating a national partnership to launch the Affordable Mobility Platform (AMP), which will establish electric vehicle (EV) carsharing based at affordable housing sites in at least five states over the next two years. —Creighton Randall, CEO of Mobility Development.

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Bosch on importance of renewable synthetic fuels to reach climate goals; e-fuels

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Climate neutrality. Vehicles on the road, when powered by synthetic fuel, are ultimately climate-neutral. Renewable synthetic fuels will become considerably more affordable when production capacities are expanded and the cost of electricity generated from renewable sources comes down. a liter (US$5.00 to US$5.84

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UK Awards 1.6M to Project Investigating Stratospheric Particle Injection for Climate Engineering

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A 2009 evaluation of geoengineering techniques by the Royal Society concluded that stratospheric aerosols could be highly effective and affordable, although there are questions over adverse effects. From: Geoengineering the Climate (2009) Click to enlarge. Earlier post.). How do we deliver it there? What are the likely impacts?

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Next 10-UC Berkeley study suggests additional tax revenue or income-based rate structure to make electricity more affordable for Californians

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What Californians pay is much higher than the true marginal cost of using electricity. This puts an unnecessary cost burden on low- and middle-income households as we transition to using clean electricity. En Banc White Paper (Utility Costs and Affordability of the Grid of the Future, Feb. —En Banc White Paper.

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Lyft commits to 100% EVs by 2030

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Although the upfront cost of EVs today is higher than gas-powered cars, EVs have lower fuel and maintenance costs that mean lower costs for drivers over the life of the vehicle. Lyft said that drivers renting cars through Express Drive currently save an average of $50-70 per week on fuel costs alone.

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IEF, IHS Markit: deepening underinvestment in hydrocarbons raises specter of continued price shocks and volatility

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More frequent boom-bust cycles will harm consumers and producers recovering from COVID, set back UN Climate and Sustainable Development goals and threaten global security. The unprecedented level of uncertainty increases the risk profile of hydrocarbon investments and the cost of capital, reshaping investment decisions, the report states.

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