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BloombergNEF: clean energy investment in developing nations slumps as financing in China slows; coal burn surges to record high

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Most notably, Vietnam, South Africa, Mexico and Morocco led the rankings with a combined investment of $16 billion in 2018. The Climatescope results come just ahead of next month’s United Nations-supported climate negotiations in Madrid. —Luiza Demôro, project manager for BloombergNEF.

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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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Deloitte forecasts clean hydrogen market to hit US$1.4T per year by 2050

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Notably, global hydrogen trade is projected to generate more than US$280 billion in annual export revenues by 2050, with North Africa expected to benefit the most (US$110 billion per year) due to its high export potential.

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Zambia Proposes Removing Customs Duty on Battery-Electric Vehicles & Charging Systems

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Dr. Situmbeko Musokotwane, Zambia’s Minister of Finance and National Planning, announced that, “… to continue promoting the usage of clean energy as well as supporting the green economy and climate change mitigation, I propose the following measures: a) Remove customs duty on […] Here is some good news from Zambia.

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New Report Concludes That Real Costs of Adapting to Climate Change Will Likely Be At Least 2-3X Greater Than Current Estimates

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Representation of damage from climate change avoided by adaptation, and damage not be adapted to (‘residual damage’) over the longer term. The amount of money on the table at Copenhagen is one of the key factors that will determine whether we achieve a climate change agreement. Source: “Assessing the costs.”

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2019 Keeling Curve Prize winners include Opus 12; conversion of CO2 into fuels and chemicals

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in addition to Opus 12, they are: WILDCOAST (Imperial Beach, California) is working to secure a resilient coastline to help protect communities, economies and ecosystems from climate change impacts in the Gulf of California. Solar Sister (Great Falls, Virginia) invests in women’s enterprises in off-grid communities in Africa.

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Summary of decisions from Durban climate conference

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Countries meeting in Durban, South Africa, managed to deliver an agreement after an extension to negotiations. Governments at the COP17 meeting decided to adopt some form of a universal legal agreement on climate change as soon. Nations Framework Convention on Climate Change (UNFCCC). existing climate change.

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