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IIASA: removing fossil fuel subsidies will not reduce CO2 emissions as much as hoped

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The largest effects of removing subsidies were found in areas that export oil and gas, such as Russia, Latin America, and the Middle East and North Africa. The study received funding from the European Union’s Seventh Programme FP7/2007-2013 Nº 308329 (ADVANCE). —Keywan Riahi, study co-author and IIASA Energy Program director.

Emissions 186
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Annual Increase in Global CO2 Emissions Halved in 2008; Decrease in Fossil Oil Consumption, Increase in Renewables Share

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Global CO2 emissions increased from 15.3 In particular in the US, where gasoline prices almost doubled in the summer of 2008 compared to 2007 levels, oil consumption dropped 7% decrease. In China, oil consumption increased by 3% in 2008, according to BP data, which was down from 5% in 2007 and 8%, on average, since 2001.

2008 170
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Steep increase in global CO2 emissions despite reductions by industrialized countries; driven by power generation and road transport

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Over the period 1990-2010, in the EU-27 and Russia CO 2 emissions decreased by 7% and 28% respectively, while the USA’s emissions increased by 5% and the Japanese emissions remained more or less constant. billion tonnes in 2007). In the EU-27, CO 2 emissions remain lower in absolute terms than they were before the crisis (4.0

Global 281
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US EIA Projects World Energy Use to Grow 44% Between 2006 and 2030, CO2 Emissions Up by 39%

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In the IEO2009 reference case, world oil prices rise to $110 per barrel in 2015 (in real 2007 dollars) and $130 per barrel in 2030. As a result, the IEO2009 includes three world oil price cases that span a very broad range in 2030, from $50 (in 2007 dollars) per barrel in the low price case to $200 per barrel in the high price case.

2006 150
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Devil in the Details: World Leaders Scramble To Salvage and Shape Copenhagens UNFCCC Climate Summit

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However, the slow pace of negotiations spurred UNFCCC delegates to publish a “roadmap to Copenhagen” in December 2007 at the 13 th Congress in Bali, in an effort to accelerate the progress of those negotiations.

Climate 236
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MIT Report Finds Natural Gas Has Significant Potential to Displace Coal, Reducing Greenhouse Gas Emissions; Role in Transportation More Limited

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The first two reports dealt with nuclear power (2003) and coal (2007). Russia, the Middle East, and the US have the highest concentration of global gas reserves. In the US, unconventional gas resources are rapidly overtaking conventional resources as the primary source of gas production.

MIT 240
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Growing Number of EU Countries Levying CO2 Taxes on Cars and Incentivizing Plug-ins

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By April last year, sixteen Member States had CO 2 -related taxation, up from fourteen in 2008, eleven in 2007 and nine in 2006. New to the list are Germany, that introduced such system in the summer of 2009, and Latvia.

Tax 268