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Climate Talks End In Copenhagen Accord; Countries Settle On Non- Binding 2 ºC Warming Limit

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In the end, 188 countries voted in favor of the motion, with Cuba, Bolivia, Sudan, and Venezuela voting against it. The accord calls for action to hold mean warming of the Earth’s surface to no more than 2 ºC above pre-industrial levels, but does not define reductions in greenhouse gases that might be employed to achieve that goal.

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IRENA: diversifying critical material supply chains minimizes geopolitical risks

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Although there is no scarcity of reserves for these energy transition minerals, global capabilities for mining and refining them are limited. Supporting policies will allow developing countries realise new business opportunities and could improve resilience while keeping the global decarbonisation agenda on course.

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China’s battery supply chain tops BNEF ranking for third consecutive time; Canada close 2nd, US drops to 3rd

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China continues to dominate BloombergNEF’s (BNEF) global lithium-ion battery supply chain ranking, for the third time in a row, for both 2022 and its projection for 2027, due to continued support for the electric vehicle demand and raw materials investments. Bolivia was at the bottom of the rankings this year.

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