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Report for IPCC finds renewables could supply up to 77% of global energy by 2050 under most optimistic scenario; need for enabling public policies and investments

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This could contribute towards a goal of holding the increase in global temperature below 2 °C—an aim recognized in the United Nations Climate Convention’s Cancun Agreements. Others, such as advanced systems converting woody wastes into liquid fuels, can deliver 80% to 90% emission reductions compared to fossil fuels.

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BNEF: global investment in energy transition hit $500B in 2020; $139B on EVs and infrastructure

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billion, level with 2019 despite falling unit prices. Global investment in carbon capture and storage (CCS) tripled to $3 billion, and that in hydrogen was $1.5 The year also saw the largest single solar park ever funded, the 2GW Al Dhafrah in the United Arab Emirates, at a cost of $1.1 billion, down 12%.

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