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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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While the number of new clean power-generating plants completed stayed flat year-to-year, the volume of power derived from coal surged to a new high, according to Climatescope , an annual survey of 104 emerging markets conducted by research firm BloombergNEF (BNEF). thousand terawatt-hours in 2018, up from 6.4 thousand in 2017.

Coal 243
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IG Metall warns that Krupp Mannesmann steel plant may fail due to lack of financing for conversion to climate-neutral steel production

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IG Metall, Germany’s largest union as well as Europe’s largest industrial union, warns that at Hüttenwerke Krupp Mannesmann (HKM), the switch to climate-neutral steel production is may fail due to the lack of financing. HKM aims to reduce CO 2 emissions by 30% by the year 2025, and then be as climate neutral as possible by 2045.

Financing 221
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Obama climate plan calls for new fuel economy standards for heavy-duty vehicles post-2018; cleaner fuels and investment in advanced fossil energy

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Among the transportation-related elements of US President Barack Obama’s new climate action plan, which he is outlining today in a speech at Georgetown University, is the development of new fuel economy standards for heavy-duty vehicles post-2018. Preparing the US for the impacts of climate change. Earlier post.).

Obama 249
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Reducing Black Carbon Emissions and Ground-Level Ozone Would Provide Immediate Benefit Against Climate Change

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Reducing emissions of black carbon soot and ground-level ozone would quickly make a considerable dent in the climate change problem and would also contribute to public health and protect crop yields, according to an essay in the September/October issue of Foreign Affairs. Tags: Climate Change Emissions. Earlier post.) Foreign Affairs.

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Senators Sanders, Boxer propose legislation to institute GHG price on large stationary sources and remove support for fossil fuel industries

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The legislation also proposes numerous actions against financing and support for fossil fuel industries. Among the financing provisions of the legislation are: Price on carbon. Bernie Sanders (I-Vt.) and Barbara Boxer (D-Calif.) The legislation would enact a fee of $20 per ton or carbon or methane equivalent, rising at 5.6%

Industry 259
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Germany and Australia to establish alliance on green hydrogen supply chain

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Another great advantage of the partnership: a country like Australia, which has previously exported coal on a large scale, is building up a new, climate-friendly perspective as an energy exporter, true to the motto ‘shipping the sunshine’—practically packaged sunshine from Australia. Co-financing of “HydrogenHubs”.

Australia 334
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Report finds Coal-to-Liquids and Oil Shale pose significant financial and environmental risks to investors

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Ceres recently released a new report concluding that coal-to-liquid (CTL) and oil shale technologies face significant environmental and financial obstacles—from water constraints, to technological uncertainties to regulatory and market risks—that pose substantial financial risks for investors involved in such projects.

Coal 210