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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. The production of aluminium, copper and high-grade iron ore will play a part in the transition to a low carbon economy.

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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. Assuming the offset is legitimate—i.e.,

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UN Review of Recent Climate Research Concludes That Impacts Of Climate Change Coming Faster Than Anticipated

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Significant climate anomalies 2008/2009. Source: Climate Change Compendium. The developing and least-developed economies, 80% of the world’s population, accounted for 73% of the global growth of emissions in 2004. In 2008, the minimum ice extent was 9% greater than in 2007, but still the second lowest on record.

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Study finds global carbon emissions reached 10 billion tonnes in 2010

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Total emissions—including fossil fuel combustion, cement production, deforestation and other land use emissions—reached 10 billion tonnes of carbon (36.7 Published in the journal Nature Climate Change , the new analysis shows fossil fuel emissions increased by 5.9% billion tonnes of CO 2 ) in 2010 for the first time.

2010 239
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New phase of globalization could undermine efforts to reduce CO2 emissions

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A new study finds that the growth of carbon production from Chinese exports has slowed or reversed, reflecting a “new phase of globalization” between developing countries that could undermine international efforts to reduce emissions. The paper is published in Nature Communications.

Emissions 170
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Study Finds that US Subsidies for Fossil Fuels Are Almost 2.5x Those for Renewables

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US subsidies for fuels and renewable energy, 2002-2008. The study, “Estimating US Government Subsidies to Energy Sources: 2002-2008”, found that fossil fuels benefited from approximately $72 billion over the seven-year period, while subsidies for renewable fuels totaled $29 billion. Nuclear was not included in the analysis.

Renewable 338
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EIA Estimates 2.1% Growth in Fossil Fuel CO2 Emissions in US in 2010; Still Below 1999-2008 Levels

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However, even with increases in 2010 and 2011, projected CO 2 emissions in 2011 are lower than annual emissions from 1999 through 2008. This growth is the result of an expected recovery in the global economy, with world gross domestic product (GDP, on an oil-weighted basis) assumed to rise by more than 3 percent per year.

2008 186