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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. Under these targets, Rio Tinto’s overall growth between now and 2030 will be carbon neutral.

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How renewable diesel can help fight climate change

Clean Fleet Report

Recognizing the need to create a healthier planet, many American cities and businesses have set bold ambitions to reduce their carbon footprint and environmental inequity. Driving towards a circular economy. The post How renewable diesel can help fight climate change first appeared on Clean Fleet Report.

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Pilot Project Sends Kelp–and Carbon–to the Seafloor

Cars That Think

At daybreak, the cranks pull the ring back up to the surface to soak up sunlight and carbon dioxide. The Climate Foundation , the Seattle-based company behind the project, has found that this deep cycling makes kelp grow three times as fast as it can when kept in shallow waters, as seaweed farmers do now.

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EPA: US GHG emissions up 6% in 2021 from 2020

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million metric tons of carbon dioxide equivalents, or 5,586.0 million metric tons of carbon dioxide equivalents after accounting for sequestration from the land sector—representing a 6% increase from 2020. Fuel economy of light-duty vehicles is another important factor. In 2021, US greenhouse gas emissions totaled 6,340.2

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MIT report finds China’s actions on climate change crucial; argues for global economy-wide greenhouse gas tax

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A new report from the MIT Joint Program on the Science and Policy of Global Change shows the importance of all major nations taking part in global efforts to reduce emissions—and in particular, finds China’s role to be crucial. The researchers argue for a global economy-wide greenhouse gas tax that spreads the burden of responsibility.

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Oxy Low Carbon Ventures, Rusheen Capital Management create company to deploy Carbon Engineering’s direct air capture technology

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Oxy Low Carbon Ventures, LLC, a subsidiary of Occidental, and Rusheen Capital Management, a private equity firm, have formed a development company, 1PointFive, to finance and to deploy Carbon Engineering ’s large-scale Direct Air Capture (DAC) technology. Carbon Engineering’s DAC technology has four major elements.

Carbon 221
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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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a,b, Baseline cases (top dark-blue bar) and changes in emissions associated with increasing LDV travel demand, fuel consumption standards and electrification assuming current fuel economy policy (SAFE standards) (a) and stringent fuel economy policies (CAFE standards for conventional vehicles, along with high vehicle size and weight control) (b).