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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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Reifsnyder, in New Delhi, along with members of industry and civil society groups to discuss the HFC issue. The task force will include industry representatives, scientists, and government officials from India and the US to evaluate a phase-down of the production and use of HFCs under the Montreal Protocol.

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G20 Leaders Agree to Phase Out Fossil Fuel Subsidies

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We will have our Energy and Finance Ministers, based on their national circumstances, develop implementation strategies and timeframes, and report back to Leaders at the next Summit. We ask the international financial institutions to offer support to countries in this process.

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Anglo American Platinum invests in Hydrogenious Technologies; liquid organic hydrogen carrier technology for H2 storage

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South Africa-based Anglo American Platinum , the world’s leading primary producer of platinum group metals (PGMs), has invested in the first close of the Series A financing round of Hydrogenious Technologies, a company developing liquid organic hydrogen carrier (LOHC) hydrogen storage technology. Click to enlarge. 2012.08.066.

Hydrogen 239
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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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The accord calls for action to hold mean warming of the Earth’s surface to no more than 2 ºC above pre-industrial levels, but does not define reductions in greenhouse gases that might be employed to achieve that goal. degrees Celsius.

Climate 236