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

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BP released the 68 th annual edition of the BP Statistical Review of World Energy (BP Stats Review), a comprehensive collection and analysis of global energy data. 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.

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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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Greater reliance on energy taxation is needed to strengthen efforts to tackle the principal source of both greenhouse gas emissions and air pollution, according to a new OECD report. Taxes are effective at cutting harmful emissions from energy use, but governments could make better use of them.

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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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Volvo Cars Torslanda becomes company’s first climate-neutral car plant, second in overall network

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Volvo Cars announced that its Torslanda site in Sweden is its first car manufacturing plant to reach fully climate-neutral status. This makes Torslanda the second plant in its overall manufacturing network to reach this status, after the Skövde engine plant in Sweden became climate-neutral in 2018. Torslanda plant.

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California cap-and-trade spending doubles to $1.4 billion in 2018; xEV rebates, affordable housing, wildfire prevention, public transit

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An annual ' tracking the progress of California Climate Investments, released by the California Air Resources Board and the California Department of Finance, finds that nearly $1.4 Projects funded to date are achieving the overall goal of California Climate Investments by reducing greenhouse gas emissions by more than 36.5 To date, $9.3