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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. The open-access paper is published in AGU’s journal GeoHealth.

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Lung Association report highlights health and climate costs of petroleum-based transportation and the benefits of shifting to ZEVs

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Of that $37 billion, health costs added up to $24 billion in 2015; the $24 billion represents the monetized sum of harmful emissions responsible for an estimated 220,000 work-loss days, more than 109,000 asthma exacerbations, hundreds of thousands of other respiratory impacts, and 2,580 premature deaths. in hidden health and climate costs.

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ICL team assesses relative costs of carbon mitigation for 12 H2 production paths; trade-off between cost and level of decarbonization

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A team at Imperial College London has examined the relative costs of carbon mitigation from a lifecycle perspective for 12 different hydrogen production techniques using fossil fuels, nuclear energy and renewable sources. Their results show a trade-off between the cost of mitigation and the proportion of decarbonization achieved.

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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. Source: “Assessing the costs.” 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. In Click to enlarge.

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IEF, IHS Markit: deepening underinvestment in hydrocarbons raises specter of continued price shocks and volatility

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More frequent boom-bust cycles will harm consumers and producers recovering from COVID, set back UN Climate and Sustainable Development goals and threaten global security. Pressure on governments and industry for a green recovery is further constraining availability of capital, it says. —Joseph McMonigle, secretary general, IEF.

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Pew Environment Report Says Melting Arctic Could Cost a Minimum of $2.4 Trillion by 2050

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Rapid melting of the Arctic region could carry a minimum global cost of US$2.4 trillion by 2050, according to a new report, “An Initial Estimate of the Cost of Lost Climate Services Due to Changes in the Arctic Cryosphere”, released by the Pew Environment Group.

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Study finds culture influences response to climate change; consumption and reproduction

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How people choose to consume resources and use contraception influences their responses to climate change, according to a new study by a team of psychologists. Swim, Penn State professor of psychology and her colleagues report that growing consumption and growing population are two significant contributors to human impact on the environment.