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IEA: global CO2 emissions rebounded to their highest level in history in 2021; largely driven by China

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billion tonnes, their highest ever level, as the world economy rebounded strongly from the COVID-19 crisis and relied heavily on coal to power that growth, according to new IEA analysis. China was the only major economy to experience economic growth in both 2020 and 2021. billion tonnes. billion tonnes.

Emissions 370
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BloombergNEF: clean energy investment in developing nations slumps as financing in China slows; coal burn surges to record high

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New investment in wind, solar, and other clean energy projects in developing nations dropped sharply in 2018, largely due to a slowdown in China. This is due to wind and solar projects generating only when natural resources are available while oil, coal, and gas plants can potentially produce around the clock. thousand in 2017.

Coal 243
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Renewables to overtake coal as largest global electricity source in 2025

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During the COP28 climate conference held in Dubai last month, world leaders from over 130 national governments agreed to set a goal to triple world renewable energy installations by 2030. Last year, China commissioned as much solar PV as the entire world did in 2022, while the country’s wind power increased 66 percent year over year.

Coal 114
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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. Without China, we miss that mark by about 1 °C. C change by the end of the century.

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IEA finds CO2 emissions flat for third straight year even as global economy grew in 2016

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Global energy-related carbon dioxide emissions were flat for a third straight year in 2016 even as the global economy grew, according to the International Energy Agency. gigatonnes last year, the same as the previous two years, while the global economy grew 3.1%, according to estimates from the IEA.

Economy 199
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Rio Tinto to invest $10M with China Baowu Steel in low-carbon steelmaking projects and research

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Rio Tinto has committed to invest $10 million with the world’s largest steel producer China Baowu Steel Group over the next two years in low-carbon steelmaking projects and research. This investment with our partners at China Baowu is an important step in our climate partnership. Earlier post.).

Carbon 170
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US and China jointly announce GHG reduction targets; US to cut net GHG 26-28% by 2025, China to peak CO2 by ~2030

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The US and China jointly announced greenhouse gas (GHG) reduction targets. At the same time, President Xi Jinping of China announced targets to peak that country’s CO 2 emissions around 2030, with the intention to try to peak early, and to increase the non-fossil fuel share of all energy to around 20% by 2030.

China 300