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IRENA report says tripling renewables investment required to reach 2050 climate goal

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Global renewable energy investment increased between 2013 and 2018, reaching its peak at US$351 billion in 2017, according to a new report by the International Renewable Energy Agency (IRENA) and Climate Policy Initiative (CPI). Global landscape of renewable energy finance in 2017-2018. C objective by mid-century.

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ICCT life-cycle analysis finds no climate benefit in using LNG as marine fuel

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The results of a new analysis by the International Council on Clean Transportation (ICCT) show that, when combined with a trend toward higher methane leakage and combustion slip, there is no climate benefit from using liquefied natural gas (LNG) as a marine fuel—regardless of the engine technology. First, it contains very little sulfur.

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Bridgestone awarded $35M USDA Climate-Smart Grant to advance guayule natural rubber production

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The US Department of Agriculture has awarded Bridgestone and several partners a $35-million grant to continue its investment in desert shrub guayule ( earlier post ) to advance a climate-smart domestic rubber industry and offer a solution for growers amid the ongoing water crisis in the Southwestern US.

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ADB leads $135M climate financing package for VinFast e-bus fleet and EV charging network in Vietnam

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The Asian Development Bank (ADB) mobilized a $135-million climate financing package for VinFast Trading and Production Joint Stock Company (VinFast) for manufacturing Vietnam’s first fully-electric public transport bus fleet and first national electric vehicle (EV) charging network.

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Neste: use of our renewable fuels reduced global climate emissions by 8.3 million tons in 2017

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Replacing fossil fuels with Neste’s renewable fuels reduced global climate emissions altogether by a 8.3 billion kilograms—in 2017, according to calculations made by the company. The figure also represents Neste’s positive climate contribution. million metric tons—8.3 million tons from 2016.

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California ARB approves 2017 Climate Change Scoping Plan; requires doubling the rate of GHG cuts

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The California Air Resources Board unanimously approved the 2017 Climate Change Scoping Plan , which sets the state on an aggressive course to reduce greenhouse gas emissions an additional 40% below 1990 levels by 2030 under SB 32. —2017 Scoping Plan. Earlier post.).

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California clean fuels rule reports 100% compliance in 2017

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The 2017 Compliance Report for the Low Carbon Fuel Standard (LCFS) shows 100% compliance with the regulation. It was originally developed to support a return to 1990 levels of climate-changing gases by 2020, as required by AB 32, the 2006 landmark climate bill. million metric tons of climate-changing gases.

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