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Rio Tinto to invest $1 billion over 5 years to help meet new climate change targets

Green Car Congress

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. Many Rio Tinto operations are highly energy-intensive and some of the industrial processes also result in GHG emissions.

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Final report of Garnaut Review Update recommends carbon pricing scheme for Australia to do its fair share on climate change

Green Car Congress

It will be much harder and more expensive for Australia to do its fair share on climate change without a carbon pricing scheme, according to the final report of the Garnaut Climate Change Review – Update 2011, Australia in the Global Response to Climate Change. Earlier post.)

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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

Green Car Congress

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

Green Car Congress

Demand is expected to initially build on the decarbonization of existing industrial uses of hydrogen (95 MtH 2 eq), most notably for fertilizer production. Decarbonizing current and developing new end-uses, it can abate up to 85 GtCO 2 eq in cumulative emissions by 2050, more than twice global CO 2 emissions in 2021.

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Garnaut Climate Change Review issues first of 8 update papers in 2011; reaffirms decision-making framework and need for mitigation efforts

Green Car Congress

As commissioned by the Australian Government in 2010, the Garnaut Climate Change Review, led by Professor Ross Garnaut, has issued the first of a series of papers scheduled for this month and next updating the 2008 Climate Change Review. —2008 Climate Change Review. Earlier post.)

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Iron ore leader Fortescue pushing green hydrogen, ammonia and electricity projects

Green Car Congress

Australia-based Fortescue Metals Group, one of the world’s largest producers of iron ore, recently revised its emissions reduction goal to achieve carbon neutrality by 2030—10 years earlier than its previous target. We have joined the global battle to defeat climate change. —Elizabeth Gaines, Fortescue CEO.

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Australia introduces its first exhaust rule but makes all the mistakes the US did

Baua Electric

Photo by Marcus Reubenstein on Unsplash Australia will introduce a bill to parliament this week containing its first-ever vehicle emissions rule, a huge step forward for the country. Australia doesn’t have its own fuel efficiency standards, making it one of only two advanced countries without such a rule, alongside Russia.