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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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The findings suggest that developing nations are moving toward cleaner power but not nearly fast enough to limit global CO 2 emissions. Most notably, Vietnam, South Africa, Mexico and Morocco led the rankings with a combined investment of $16 billion in 2018. —Luiza Demôro, project manager for BloombergNEF.

Coal 243
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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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Energy ministers agree to help speed up global deployment of carbon capture and storage

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Recognize the potential of CCS for industrial emission sources and review demonstration opportunities. The World Resources Institute released a report titled CCS Demonstrations in Developing Countries: Priorities for a Financing Mechanism for Carbon Dioxide Capture and Storage.

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Indo-US task force to study HFC phase-down

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Although they don’t harm the ozone layer, HFCs are powerful climate warming gases and their emissions are expected to rise sharply over the next few decades without aggressive action, significantly contributing to climate change. The United States, Mexico, and Canada also proposed a similar amendment.

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G20 Leaders Agree to Phase Out Fossil Fuel Subsidies

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The Organization for Economic Cooperation and Development (OECD) and the IEA have found that eliminating fossil fuel subsidies by 2020 would reduce global greenhouse gas emissions in 2050 by ten percent. This reform will not apply to our support for clean energy, renewables, and technologies that dramatically reduce greenhouse gas emissions.

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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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Saying that “ investment-grade climate change and clean energy policy is required to shift private sector investment from high-carbon to low-carbon assets ”, a group of 285 investors has urged governments and international policy makers to take new and meaningful steps in the fight against climate change.

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Climate Talks End In Copenhagen Accord; Countries Settle On Non- Binding 2 ºC Warming Limit

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Emissions Reduction Targets Shuttled To The Side. Developed countries would reach agreement with emerging economies such as Brazil, China, and India as to whether or not emerging economies should set emissions reduction targets. The relative valuation of potential emissions offsets (e.g.

Climate 236