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New Report Concludes That Real Costs of Adapting to Climate Change Will Likely Be At Least 2-3X Greater Than Current Estimates

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Representation of damage from climate change avoided by adaptation, and damage not be adapted to (‘residual damage’) over the longer term. Source: “Assessing the costs.” Parry co-chaired the IPCC working group on impacts, vulnerability and adaptation between 2002 and 2008. In Click to enlarge. Professor Parry.

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Garnaut Climate Change Review issues first of 8 update papers in 2011; reaffirms decision-making framework and need for mitigation efforts

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As commissioned by the Australian Government in 2010, the Garnaut Climate Change Review, led by Professor Ross Garnaut, has issued the first of a series of papers scheduled for this month and next updating the 2008 Climate Change Review. —2008 Climate Change Review. Earlier post.)

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Perspective: The Role of Offsets in Climate Change Legislation

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This article shows that including offsets in climate change legislation would likely make an emissions program more cost-effective by: (a) providing an incentive for non-regulated sources to generate emission reductions; and (b) expanding emission compliance opportunities for regulated entities. CREDIBILITY OF OFFSETS.

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Draft of EPA Greenhouse Gas Inventory Shows Overall GHG Emissions Down By 2.9% in 2008; Transportation Emissions Down 5.7% in Largest Annual Change Recorded Since 1990

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CO 2 emissions from the US transport sector, 1990-2008. The draft report of the US Environmental Protection Agency (EPA)’s annual Inventory of US Greenhouse Gas Emissions and Sinks: 1990-2008 shows that in 2008, overall greenhouse gas (GHGs) emissions decreased by 2.9% (206.1 Tg CO 2 in 2008 from 1,893.8 Click to enlarge.

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Study suggests economic stagnation no excuse for inaction on climate

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Results from a new study by researchers from the Universities of Bristol and Cambridge in the UK has suggest that the social cost of carbon dioxide is higher in a low economic growth world. A paper on the study was published in the journal Nature Climate Change. Nature Climate Change doi: 10.1038/nclimate1935.

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Ford poll finds Europeans want freedom of car ownership, but worry about traffic, cost of driving, environment

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A new Ford Motor Company-sponsored poll of 6,000 people across Europe found that most Europeans remain committed to car ownership, but have growing concerns about traffic congestion, the cost of driving and the environment. 53% say climate change is the world’s biggest problem. Earlier post.).

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UK proposes Fourth Carbon Budget for 2023-2027; emissions to be cut by 50% from 1990 levels; indicative target of 60% reduction by 2030; >1% of GDP

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The proposal, set out by Energy and Climate Change Secretary Chris Huhne, is in line with advice from the independent Committee on Climate Change and sets a fourth carbon budget of 1950 MtCO 2 e for the period; this level would represent a 50% reduction from 1990 levels. 2008 – 2012. Click to enlarge.

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