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Group of 285 global investors with more than $20T in assets under management calls for urgent action on investment-grade climate change and energy policies; guidelines for governments

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Saying that “ investment-grade climate change and clean energy policy is required to shift private sector investment from high-carbon to low-carbon assets ”, a group of 285 investors has urged governments and international policy makers to take new and meaningful steps in the fight against climate change.

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Obama climate plan calls for new fuel economy standards for heavy-duty vehicles post-2018; cleaner fuels and investment in advanced fossil energy

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Among the transportation-related elements of US President Barack Obama’s new climate action plan, which he is outlining today in a speech at Georgetown University, is the development of new fuel economy standards for heavy-duty vehicles post-2018. Preparing the US for the impacts of climate change. Earlier post.).

Obama 249
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ADB Study Finds Annual Economic Losses in Southeast Asia from Climate Change Could be More Than Twice the Global Average

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The mean cost of cost of climate change for the four countries—Indonesia, Philippines, Thailand, and Viet Nam—under a “business-as-usual” scenario and if market and non-market impacts and catastrophic risks are all considered could be equivalent to losing 6.7%

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Deutsche Bank CCA report highlights Chinese global leadership toward a low-carbon economy; 12th Five-Year Plan

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The many new and expanded strong policy initiatives and green targets in China’s 12 th Five year Plan, released on 5 March 2011, provide “ clear evidence ” that China’s low-carbon policies remain global best-in-class, according to a new report from DB Climate Change Advisors (DBCCA). —DBCCA.

Carbon 220
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Economic Modelling Study Shows Canada Can Meet Global-Warming Reduction Targets While Growing Jobs and Economy

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The second target is derived from analysis of the emission reductions needed to limit average global warming to 2 °C. Meeting either target requires governments to put a significant price on global warming emissions broadly across the economy, and to back this up with strong complementary regulations and public investments.

Canada 223
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Mayors of 12 major cities pledge to procure only zero-emission buses from 2025; major areas to be zero-emission by 2030

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Mayors from more than 30 major cities including Paris, Tokyo, Barcelona, Cape Town and Quito met over the weekend with senior executives of some of the world’s largest companies, including Mastercard, Siemens and Volvo Bus Corporation in order to define solutions to the threats posed by climate change.

Emissions 236
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IEA: carbon intensity of global energy supply has barely changed in last 20 years; “window of opportunity in transport”

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In a fairly bleak assessment of global progress towards low-carbon energy, the International Energy Agency (IEA) concluded that, despite a few bright spots such as the rapid expansion of renewable technologies and the growth of hybrid and EV sales, the progress is far below that required to achieve a 2 °C pathway—i.e., Source: IEA.

Carbon 265