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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 new targets for 2030 are: A further 30% reduction in Rio Tinto’s emissions intensity from 2018 levels.

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Study: 2/3 of aviation climate impact due to emissions other than CO2

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of the human-made climate impact; two-thirds of this impact are caused by emissions other than CO 2 , according to a new study by researchers in Europe and the US. In the new study, we have analyzed 20 years of aviation emissions, up until and including 2018. For 2018 the net aviation ERF is +100.9 Aviation accounts for 3.5%

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BP: world on unsustainable path; growing divergence between demands for climate change action and pace of progress

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This year’s edition highlights the growing divergence between demands for action on climate change and the actual pace of progress on reducing carbon emissions. in 2018, faster than at any time since 2010-11. As I have said before, this is not a race to renewables, but a race to reduce carbon emissions across many fronts.

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U of Toronto study finds US electrification of LDV fleet not a silver bullet for tackling climate change in vehicle sector

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The paper is published in the journal Nature Climate Change. A lot of people think that a large-scale shift to EVs will mostly solve our climate problems in the passenger vehicle sector. Tackling climate change is not a one-country, one-sector or one-technology job.

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OECD: governments should make better use of energy taxation to address climate change; “meaningful” increases limited to road sector

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Tax rates were below the low-end estimate of climate costs (EUR 30/tCO 2 ) for 97% of emissions. The report found that the share of emissions taxed above climate costs increased from 46% in 2012 to 50% in 2015, and rates exceed €50 per tCO 2 for 47% of emissions in 2015, compared to 37% in 2012. —“Taxing Energy Use 2018”.

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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). Renewable energy investment slightly declined in 2018, with modest growth through 2019.

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EPA GHG Inventory shows US GHG down 1.7% y-o-y in 2019, down 13% from 2005

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Total GHG emissions decreased from 2018 to 2019 by 1.7% (after accounting for sequestration from the land sector). from 2018 to 2019, and CO 2 emissions just from fossil fuel combustion decreased 2.7% from 2018 to 2019. CO 2 emissions decreased 2.2% Total GHG emissions in 2019 were up 1.8% over the same period.

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