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Elements of the Cancun Agreements

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The UN Climate Change Conference in Cancun, Mexico, ended on Saturday with the adoption of a package of decisions that set all governments more firmly on the path towards a low-emissions future and support enhanced action on climate change in the developing world, according to the UN Environment Programme.

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Shipping industry, Oxfam and WWF call on COP 17 delegates to provide IMO with clear guidance on reducing shipping GHG emissions; potential for contributing to Green Climate Fund

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This includes the possibility of the adoption by IMO of a compensation mechanism through which a significant share of any revenues collected from international shipping could be directed to developing countries and provide a new source of finance to support their efforts to tackle climate change.

Climate 218
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Group of 285 global investors with more than $20T in assets under management calls for urgent action on investment-grade climate change and energy policies; guidelines for governments

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This includes strong and sustained price signals on carbon, well-designed carbon markets and other appropriate incentives to enable private investment in clean energy. Furthermore, the group aid that governments need to ensure that the policies are well designed. An integral part of this should be the removal of fossil fuel subsidies.

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Devil in the Details: World Leaders Scramble To Salvage and Shape Copenhagens UNFCCC Climate Summit

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The Copenhagen timeline was designed to allow signatory countries two years to hash out details of their respective compliance issues so that a replacement protocol could be ratified and “entered into force”, or made operational internationally, by the time the Kyoto Protocol expires.

Climate 236
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Study recommends $10B/year US federal investment in energy RD&D and a substantial price on carbon emissions; leveraging the national labs and encouraging the private sector for a clean energy future

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Among the specific findings of the report in the area of designing an expanded portfolio of federal investment leading to the recommendations noted above were: Experts in a broad range of energy technology fields recommend increases of a factor of 3–10 depending on the area in federal research, development, and demonstration investments.

Energy 231