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Study: 25% EV adoption would save US $17B annually from avoided climate change & pollution damages

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A new study led by researchers from Northwestern University projects that if electric vehicles replaced 25% of combustion engine cars currently on the road, the United States would save approximately $17 billion annually by avoiding damages from climate change and air pollution.

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Rio Tinto to invest $1 billion over 5 years to help meet new climate change targets

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Mining giant Rio Tinto will invest around $1 billion over the next five years to support the delivery of its new climate change targets and a company objective for net zero emissions from operations by 2050. Under these targets, Rio Tinto’s overall growth between now and 2030 will be carbon neutral.

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Study finds limiting warming to 2 °C would require at least a $200/t carbon tax globally

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Some will suffer greatly from climate change, while others may even benefit. Lloyd Distinguished Service Professor in Economics, and José-Luis Cruz of Princeton University assesses the local social cost of carbon (LSCC) and how that cost aligns with the carbon reduction pledges countries made under the Paris Agreement.

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Report finds says “negative emissions technologies” need to play a large role in mitigating climate change

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To achieve goals for climate and economic growth, “negative emissions technologies” (NETs) that remove and sequester carbon dioxide from the air will need to play a significant role in mitigating climate change, according to a new report from the National Academies of Sciences, Engineering, and Medicine.

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Virginia Tech researchers find estimates of the carbon cycle are incorrect; implications for models

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Virginia Tech researchers, in collaboration with Pacific Northwest National Laboratory, have discovered that key parts of the global carbon cycle used to track movement of carbon dioxide in the environment are not correct, which could significantly alter conventional carbon cycle models.

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Kia EV6 achieves product carbon footprint certification from the Carbon Trust

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Kia EV6 ( earlier post )has achieved product carbon footprint certification and ‘ Carbon Measured ’ label from the global climate change and sustainability consultancy the Carbon Trust, becoming the first Korean vehicle manufacturer to achieve the certificate.

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BP: world on unsustainable path; growing divergence between demands for climate change action and pace of progress

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This year’s edition highlights the growing divergence between demands for action on climate change and the actual pace of progress on reducing carbon emissions. The longer carbon emissions continue to rise, the harder and more costly will be the necessary eventual adjustment to net-zero carbon emissions.