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Study: 25% EV adoption would save US $17B annually from avoided climate change & pollution damages

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A new study led by researchers from Northwestern University projects that if electric vehicles replaced 25% of combustion engine cars currently on the road, the United States would save approximately $17 billion annually by avoiding damages from climate change and air pollution. Results show that in more aggressive scenarios—i.e.,

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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. Rio Tinto’s new 2030 climate targets are linked to executive remuneration.

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Kinder Morgan and Neste partner on major renewable fuels logistics project in US

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This clearly shows the positive role America’s existing energy infrastructure can play in creating a sustainable future and fighting climate change. It enhances Neste’s leading position, building on the company’s more than 15-year head start in creating an end-to-end renewable product value chain.

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ABB, Hydrogène de France jointly to manufacture megawatt-scale fuel cell systems capable of powering ocean-going vessels

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ABB has signed a Memorandum of Understanding (MOU) with Hydrogène de France to manufacture jointly megawatt-scale fuel cell systems capable of powering ocean-going vessels (OGVs). With the use of renewables to produce the hydrogen, the entire energy chain can be clean. —Juha Koskela, Managing Director, ABB Marine & Ports.

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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.

Climate 349
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Honda secures auto industry’s largest renewable energy purchase; 60% reduction in CO2 from N.A. manufacturing operations

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Seeking to slash CO 2 emissions from its North American manufacturing operations, Honda has entered into long-term virtual power purchase agreements (VPPAs) for renewable wind and solar power that will cover more than 60% of the electricity that Honda uses in North America. will deliver to the grid by the end of 2020.

Honda 299
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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. This will come at the cost of deploying a large amount of renewable-based electricity, ‘smart’ infrastructure and behaviors. Posen, I.D.