Remove Carbon Remove Climate Change Remove Global Remove Industry
article thumbnail

Study finds limiting warming to 2 °C would require at least a $200/t carbon tax globally

Green Car Congress

Some will suffer greatly from climate change, while others may even benefit. These heterogeneous effects mean that different countries will have differing incentives to abide by the Paris Agreement, which aims to limit global warming below 2 °C relative to pre-Industrial levels. —Cruz & Rossi-Hansberg.

Tax 397
article thumbnail

Global Carbon Project: Global carbon emissions growth slows, but hits record high

Green Car Congress

Driven by rising natural gas and oil consumption, levels of CO 2 are expected to hit 37 billion metric tons this year, according to new estimates from the Global Carbon Project (GCP), an initiative led by Stanford University scientist Rob Jackson. and China account for more than half of all carbon dioxide emissions globally.

Carbon 195
article thumbnail

Global Carbon Budget 2022: Global fossil CO2 emissions expected to grow 1.0% in 2022

Green Car Congress

The Global Carbon Project (GCP) published its annual analysis of trends in the global carbon cycle in the journal Earth System Science Data , including an updated full-year projection for 2022. Global fossil CO 2 emissions are expected to grow 1.0% (with an uncertainty range of 0.1% The decline in 2020 of -5.2%

Global 221
article thumbnail

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.

article thumbnail

ExxonMobil and Global Thermostat in joint development agreement to advance atmospheric carbon capture technology

Green Car Congress

ExxonMobil and Global Thermostat signed a joint development agreement to advance technology that can capture and concentrate carbon dioxide emissions from industrial sources, including power plants, and the atmosphere. This entire process is mild, safe, and carbon negative.

Carbon 230
article thumbnail

Sasol and Topsoe to form JV to accelerate global SAF production

Green Car Congress

The aviation sector alone contributes 2-3% of global carbon emissions. Sustainable aviation fuels decarbonizing air transport are called for globally by industry and regulators.

Global 150
article thumbnail

Hyundai Motor and Kia to introduce blockchain-based carbon emission monitoring system

Green Car Congress

Hyundai Motor Company and Kia Corporation introduced the AI-enabled, blockchain-based Supplier CO 2 Emission Monitoring System (SCEMS) to manage the carbon emissions of its cooperative business partners. The system’s next-generation technology will enable regulators, stakeholders and investors to have confidence in the accuracy of the data.

Kia 150