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

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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. 2022) “Global Carbon Budget 2022”, Earth Syst. to 1.9%) in 2022 as the COVID recovery continues amidst turmoil in energy markets.

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Study Concludes Cash for Clunkers Program Is an Expensive Way to Reduce Carbon; Paying Nearly 10x the Projected Price of Carbon Credits

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program is paying nearly 10 times the projected price of carbon credits per ton in the best-case scenario, according to an analysis of the implied cost of carbon dioxide reductions under the program by UC Davis transportation economist Christopher Knittel. do not discuss the merits of the program in terms of stimulus.

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thyssenkrupp Steel, HKM and Port of Rotterdam jointly investigate setting up hydrogen supply chains

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Rotterdam is also setting up a carbon transport and storage system, Porthos, which is also being considered as a CO 2 storage site for the production of blue hydrogen by the “H2morrow steel” project, which includes thyssenkrupp Steel as partner as well.

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Mayor DiVirgilio: “Why Hermosa Beach is Going Carbon Neutral”

Creative Greenius

Hermosa Beach Mayor, Michael DiVirgilio, has on Op Ed piece in today’s Daily Breeze on why he is leading his city to a carbon neutral future. Now is the time to use the stimulus, grant and foundation money available to those who lead before the map is even drawn.

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ITF: worldwide transport activity to double by 2050, emissions to rise 16% compared to 2015

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Emissions would exceed transport’s carbon budget more than three times. This would require: Putting in place ambitious low-carbon policies now; Reinforcing positive behavioral changes caused by the pandemic; and. Gearing stimulus packages towards decarbonization. Sustainable mobility is only possible with clean energy.

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Study finds global oil demand likely to grow despite pandemic, climate policies

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C temperature rise along the net zero carbon trajectory. Despite relatively aggressive government policies aimed at reducing oil demand, such as within green stimulus packages enacted in several countries during the pandemic, global oil demand may not peak before 2030.

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Brookings analysts recommend against repeating cash for clunkers program in future recession

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Cost per ton of carbon reduced. jobs for each million dollars of program costs) than other fiscal stimulus programs, such as increasing unemployment aid, reducing employers’ and employees'' payroll taxes, or allowing the expensing of investment costs. The program resulted in a reduction of carbon dioxide emissions of only 8.58