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MIT report finds China’s actions on climate change crucial; argues for global economy-wide greenhouse gas tax

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A new report from the MIT Joint Program on the Science and Policy of Global Change shows the importance of all major nations taking part in global efforts to reduce emissions—and in particular, finds China’s role to be crucial. The researchers argue for a global economy-wide greenhouse gas tax that spreads the burden of responsibility.

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PCAST suggests 6 key components for climate change strategy to President Obama; adaptation and mitigation

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The President’s Council of Advisors on Science and Technology (PCAST) released a letter to President Obama describing six key components the advisory group believes should be central to the Administration’s strategy for addressing climate change. —PCAST letter to the President. The six key components are: 1.

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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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Study finds global carbon emissions reached 10 billion tonnes in 2010

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billion tonnes of CO 2 ) in 2010 for the first time. Published in the journal Nature Climate Change , the new analysis shows fossil fuel emissions increased by 5.9% in 2010 and by 49% since 1990, the reference year for the Kyoto protocol. in 2010 and by 49% since 1990, the reference year for the Kyoto protocol.

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Final report of Garnaut Review Update recommends carbon pricing scheme for Australia to do its fair share on climate change

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It will be much harder and more expensive for Australia to do its fair share on climate change without a carbon pricing scheme, according to the final report of the Garnaut Climate Change Review – Update 2011, Australia in the Global Response to Climate Change. Earlier post.) Earlier post.)

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Study finds stabilizing warming at 1.5 ?C would result in economic hit through 2100; benefits accrue by 2300

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The results emphasize the temporal asymmetry between the costs of mitigation and benefits of avoided damages from climate change and thus the long timeframe for which climate change mitigation investment pays off. —Brown and Saunders. These damage estimates suggest that limiting global warming this century to 1.5 °C

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Final EPA report shows total US GHG emissions up 3.2% in 2010, total CO2 up 3.5%, total transportation CO2 up 1%

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The final report shows overall emissions in 2010 increased by 3.2% EPA attributes the trend to an increase in energy consumption across all economic sectors, due to increasing energy demand associated with an expanding economy, and increased demand for electricity for air conditioning due to warmer summer weather during 2010.

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