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2019 Keeling Curve Prize winners include Opus 12; conversion of CO2 into fuels and chemicals

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An international panel of judges from the private, public, and nonprofit sectors selected two winners in each of this year’s five prize categories: Carbon Capture & Utilization. CalCEF/Nexus (Oakland, California) is forming a Qualified Clean Energy Opportunity Zone Fund to deploy solar, wind, energy storage and other clean economy assets.

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California Air Resources Board releases draft regulations for cap-and-trade program linkage with Québec

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Linking with Québec is a significant advance in California’s efforts to fight climate change and steer our economy toward a clean energy future. Climate change is a global issue that must be addressed by all levels of government. Just last month Mexico also passed climate change legislation.

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BloombergNEF: clean energy investment in developing nations slumps as financing in China slows; coal burn surges to record high

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Overall, declining costs for solar and wind played a considerable factor in the fall in absolute dollar investment in emerging economies. Most notably, Vietnam, South Africa, Mexico and Morocco led the rankings with a combined investment of $16 billion in 2018. This year’s Climatescope headline results are undeniably disappointing.

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G20 Leaders Agree to Phase Out Fossil Fuel Subsidies

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Inefficient fossil fuel subsidies encourage wasteful consumption, distort markets, impede investment in clean energy sources and undermine efforts to deal with climate change. We ask the international financial institutions to offer support to countries in this process. G20 Leaders’ Statement.

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UN report finds world needs incremental $1.9 trillion invested in green technologies to avert planetary catastrophe; global per capita cap on primary energy consumption of 70 GJ/yr may be required

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trillion in 2010) would be required to overcome poverty; increase food production to eradicate hunger without degrading land and water resources; and avert the climate change catastrophe. These trends, which are diametrically opposed to declared greenhouse gas mitigation goals and targets, are by no means limited to emerging economies.

Global 338
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PwC analysis finds meeting 2 C warming target would require “unprecedented and sustained” reductions over four decades

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The low annual rate of global reduction of carbon emissions per unit of GDP needed to limit global warming to 2 °C—based on the probability assessments of the UN IPCC—is insufficient to achieve that goal, according to the latest Low Carbon Economy Index published by business consultancy PwC. —PwC report. —PwC.

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Perspective: Drive Star Conversion Program Could Cut US Oil Use in Half by 2020

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If we can again succeed like that, in a decade, we’ll look back and know that we got a great deal: safer, healthier, better lives, an economy no longer held hostage to petro-dictatorships and blindered, monopolistic companies, and a significant response to climate change. Every generation is called to step forward.

Oil 252