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MIT report finds China’s actions on climate change crucial; argues for global economy-wide greenhouse gas tax

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A new report from the MIT Joint Program on the Science and Policy of Global Change shows the importance of all major nations taking part in global efforts to reduce emissions—and in particular, finds China’s role to be crucial. Without China, we miss that mark by about 1 °C.

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U of Toronto study finds US electrification of LDV fleet not a silver bullet for tackling climate change in vehicle sector

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C global warming. GtCO 2 (28% of the projected 2015–2050 light-duty vehicle fleet emissions). 2015–2050 US light-duty fleet cumulative CO 2 emissions versus CO 2 budget under prospective future developments. The paper is published in the journal Nature Climate Change.

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Global Carbon Budget 2022: Global fossil CO2 emissions expected to grow 1.0% in 2022

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The Global Carbon Project (GCP) published its annual analysis of trends in the global carbon cycle in the journal Earth System Science Data , including an updated full-year projection for 2022. Global fossil CO 2 emissions are expected to grow 1.0% (with an uncertainty range of 0.1% The decline in 2020 of -5.2% increase in 2021.

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Global Carbon Project: Low growth in global carbon emissions continues for third successive year

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Global carbon emissions from burning fossil fuels did not grow in 2015 and are projected to rise only slightly in 2016, marking three years of almost no growth, according to researchers at the University of East Anglia (UEA) and the Global Carbon Project. This is a great help for tackling climate change but it is not enough.

Carbon 150
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OECD: governments should make better use of energy taxation to address climate change; “meaningful” increases limited to road sector

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In 2015, outside of road transport, 81% of emissions were untaxed, according to the report. Tax rates were below the low-end estimate of climate costs (EUR 30/tCO 2 ) for 97% of emissions. The report assesses the magnitude and coverage of taxes on energy use in 2015, and considers change between 2012 and 2015.

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US and China jointly announce GHG reduction targets; US to cut net GHG 26-28% by 2025, China to peak CO2 by ~2030

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The US and China jointly announced greenhouse gas (GHG) reduction targets. At the same time, President Xi Jinping of China announced targets to peak that country’s CO 2 emissions around 2030, with the intention to try to peak early, and to increase the non-fossil fuel share of all energy to around 20% by 2030.

China 300
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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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New investment in wind, solar, and other clean energy projects in developing nations dropped sharply in 2018, largely due to a slowdown in China. The findings suggest that developing nations are moving toward cleaner power but not nearly fast enough to limit global CO 2 emissions. The decline was not confined to China, however.

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